INSURANCE companies in the Tamale metropolis have identified ignorance as a major contributory factor to the failure of most drivers and vehicle owners to insure their vehicles against any eventualities.
The companies, however, observed that a significant number of vehicle owners did not see the need to insure their vehicles, which eventually affected them in future, in case of any accidents, fire outbreak or loss of lives.
The Northern Regional Director of the National Insurance Commission (NIC), Mr Issahaku Yakubu, for instance, wondered why some commercial drivers refused to either obtain motor insurance or renew their insurance policies when they expired.
This was during a public awareness programme held at the Tamale Central Taxi Rank to educate both commercial drivers and vehicle owners on the need to insure their vehicles.
It was on the theme: “Making insurance work for you”, organised by the Ghana Insurers Association (GIA).
Mr Yakubu said the programme was a very laudable one, which would ultimately help check flouting of road traffic regulations.
The Tamale Branch Manager of the Quality Life Assurance Company (QLAC), Mr Labrine Braimah, mentioned quality investment, education, funeral support and loan protection plans as some of its life insurance policies.
He wondered why majority of the commercial drivers and their vehicle owners took insurance policies, particularly life insurance policies for granted.
Representatives of other insurance companies like the Enterprise Insurance, Vanguard Assurance, Metropolitan Insurance Company took turns to explain to the public the need for them to insure their properties.
They said insurance policies were necessary as they could help supplement their Social Security and National Insurance Trust (SSNIT) pension schemes.
“Life insurance will, for instance, provide you with solutions to your medium to long-term financial needs,” they stressed.
They urged vehicle owners to apply for any of the three motor insurance policies, namely the comprehensive, third party-fire and death policies. The third party policy is among the cheapest policies.
Some of the drivers, for their part, complained that they were not aware of any discount that the companies gave in case a beneficiary did not get involved in an accident for a number of years.
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