The National Insurance Commission (NIC) has directed Enterprise Insurance to pay up car owners whose cars were destroyed at Alliance Motors Ghana Limited in the June floods.
Alliance Motors Ghana Ltd, dealers in Jaguar and Land Rover vehicles, had refused to compensate clients who were affected by the floods and claimed the company’s insurance policy with Enterprise Insurance does not cover them.
Some of the car owners subsequently dragged the two companies to court over the matter while others reported the matter to the Consumer Protection Agency (CPA).
The Consumer Protection Agency also dragged the insurance company to the NIC.
Speaking to Citi Business News, head of legal for NIC Emma Ocran said the insurance firm has been directed to pay up by the 25th of January next year.
“This is not a penalty, this is the agreement that the parties entered into that in case of such an incident the company will pay so long as the company had such policy in place at the time of the incidence they were liable and they should pay according to the terms; we looked at the quantum and decided that by the end of January 2016, the company should have made payments,” she said.
Source: citifmonline
