How to choose the right insurance company that suits your needs

If you’re an individual or a company looking for ways to insure your property, or even health, choosing an insurance company to take care of your insurance needs is always a very difficult decision. Not only is there an abundance of insurance companies, but you also have to wade through a lot of different policy options too.  

You may have hundreds of questions buzzing through your head on how insurance covers can benefit you or your business. You may also ask yourself questions on the differences between the current companies or covers currently in the market and which ones most appropriately suits your needs.  

During your research, you might have across different insurance companies and their covers. Exploring all the possibilities and examining the different available options, you might conclude that all the companies and policies you are looking into or investigating are pretty much the same. In the end, you might end up choosing a company that will disappoint you in future.  

So how do you actually choose the best insurance company that suits your needs or the needs of your company?  

As we said earlier, as a buyer, today you’re spoilt for choice. However, when it comes to selecting an insurance provider, you need to weigh your options carefully. Here are some tips that will help you choose the right insurance company 

  • The product line 

In order to cater for the needs of different people, insurance companies offer so many different policies. Make sure you shortlist the companies that offer policies or products that meet your needs. The company you choose should be able to give you different policy options for you to choose from.

  • Claim settlement 

This is a very important factor to consider before deciding on an insurance company. Your insurance company and its representatives should answer your questions and handle your claims fairly, efficiently and quickly, this is the primary role of any insurance company. The company should have a high claim settlement ratio and hassle-free claim process. 

  • Financial stability 

This is one of the biggest factors in deciding the right insurance provider. Does the company have the right resources to fulfil its promise? People buy insurance to protect them financially and provide peace fo mind. Select a company that is likely to be financially sound for a longer period of time.  

  • Price  

Insurance companies in Kenya sell policies at different prices. These prices vary greatly depending with the company so it really does pay to shop around to ensure you get the best rates.  

  • Customer service 

For first time buyers, insurance jargons can sometimes be overwhelming and going through the paperwork can also be a really time-consuming task. Your ideal insurance provider should be well-informed and offer prompt assistance.  

Remember an insurance cover or policy is and should be an important part of your financial plan. Contact Leadway Insurance brokers to learn more about their different insurance products. 

Leadway Insurance Brokers is a member of Anvil Shield Holdings Group Limited.  The company provides a comprehensive package of insurance products for different clients across different sectors.   

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