The Young Africans for Opportunities (YAFO) has stated that some insurance companies hide behind documentation to deny drivers of their insurance claims.
Nathaniel Dwamena, Co-Founder and Programmes Manager, said some drivers are also ignorant of the processes to access 5their insurance claims, which in the end, leads to preventable delays.
He was responding to recent research findings released by the organization dubbed ‘Driver Mo’ – exploratory research on vehicle insurance in Ghana.
The presentation highlighted numerous critical and undeniable aspects affecting the efficacy of vehicle insurance in Ghana.
Statistics range from the percentage of accidents that are not reported to insurance companies to the number of drivers who purchase insurance to avoid police harassment.
He said although drivers would wish for their insurance claims to be paid on time, that is not the case due to the regime practised in Ghana.
He also stated that there is a knowledge gap in the claim process, which he has urged insurance companies to address.
He explained to host Kwabena Agyapong that vehicle insurance is typically purchased not for the benefits it provides, but because vehicles must be insured. and to keep drivers safe from police harassment.
About YAFO
Young Africans for Opportunities (YAFO) is an independent, non-profit, non-commercial organization with the core aims to educate, train, and inspire students, entrepreneurs, and young professionals to create, innovate, and promote entrepreneurship through public policy advocacy for a free and prosperous Africa. YAFO is an organization that seeks to enhance students, entrepreneurs, and young professionals to create for themselves a prosperous and a free society.
The organization also focuses on young people, linking them with opportunities across the globe for a peaceful, freer, and a prosperous future for all. We build good collaboration with numerous institutions and think tanks in Africa and the world at large to foster and develop potentials to creating a niche of prosperity. YAFO build consortium to facilitate joint action and develop the most convincing arguments in support of our agenda.
By: Rainbowradioonline.com/Ghana
