Kenya Orient Insurance Company is ready to unveil a new product that will see owners of expensive mobile phones.
According The Star newspaper, the product to be launched today (Monday) will not force clients to lump domestic items in the cover and will exclusively be 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 said.
The cover will see over 120 mobile phones incorporated into the plan and will include those using GSM SIM cards and are internet enabled. The clients will pay 10 percent of the value of the handsets to be insured.
The company did not quite paint the reality picture in Kenya where phone lost through robbery is something that is common in the country, other problems are when cellphones fall down and get cracked or when they fall in the bathroom (quite common with latrines), users are asking ” will my cell phone be covered under this circumstances? what of data and contacts ?
With this insurance cover it also means that your cellphone will cost 10% more, the question you have to ask yourself is , is it worth to pay 10% more to insure my cellphone? let us know what you think.