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Autoxpat Interview section with the National Retail Manager Leadway Assurance,ALEX ANABA on the Leadway Pick and Pay Motor Insurance.
Q1: CAN YOU TELL US ABOUT THE LEADWAY PICK AND PAY MOTOR INSURANCE?
ANS: Leadway pick and pay motor insurance is an acronym of leadway auto plan. This basically is a plan that has variant between the volumes 3.5, 3%, 3.5, 4%, 4.5, in terms of the Sumer shore. So it’s a design to actually accommodate the economic entries of people. Some people might desire to have much comprehensive motor insurance and they are telling us that hey! Leadway, we can’t do 4.5, the leadway pick and pay is easier, it recognizes your own economic entry and you can easily have the best cover from leadway at pocket friendly rate.
Q2: HOW DO EXCESSES APPLY TO THIS PLAN?
ANS: When we talk about excesses in insurance, it’s just an insurance terminology that actually allows people to exercise some level of caution. It’s actually introduced into policy to tell policyholders to exercise some level of discretion. That you have an insurance does not mean you be careless on the road. So what excess is can also be linked scripturally to be like don’t take the risk of God’s grace for lasciviousness. That you have God’s grace on you, don’t be careless. The same way if you have comprehensive motor insurance from Leadway insurance company or any other insurance company as the case may be, excess in insurance is just saying look, don’t get careless on the road because you have insurance, don’t go bashing people deliberately because you have insurance.
So that excess is the price of caution, which is the first charge you get in the vent of an auto crash.
To be continue…..
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