OWNERS of expensive mobile phone handsets will now be able to insure their devices against damage, theft or loss in a stand alone cover deal.
This is after Kenya Orient said it will on Monday unveil a mobile phone cover that will allow owners of high value handsets to insure their property without having to include this in the lumped cover like domestic package or office combined as is the norm.
Insurance companies do not cover single devices like mobile phones and cameras among others which they regard as 'selection against the insurance company'. Instead these devices are supposed to be insured under a larger cover that includes many things hence the reason why they are included in domestic cover for personal items or if it is a company property it is put under the office combined property insurance.
The mobile cover if successfully launched on Monday will be the first stand alone cover for mobile phones.
"We are looking beyond the usual product avenues to give Kenyans compelling,affordable and convenient solutions as well as deepen the penetration of insurance in the country," Muema Muindi,the managing director told a press briefing at a
With the recent VAT charge on mobile phone handsets, manufacturers fear that sale of second hand devices will grow and this could also spur the growth of handset thefts in the country.
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