ASSINCO to speed up motor claims settlement
ASSINCO has signed the Direct Compensation Agreement (DCA). Concluded between Gabonese non-life insurance companies, this agreement is designed to reduce the time needed to settle motor claims.
However, certain conditions must be met to benefit from DCA:
- The insured must not be at fault, so that they can be compensated directly by their own insurance company.
- The total amount of the claim must be less than or equal to 2 000 000 FCFA (3 227 USD) for material losses,
- A joint accident report must be signed by both parties, as well as a police or gendarmerie report.
This agreement does not apply to
- Bodily injury claims,
- Claims where the total amount of compensation or claim exceeds 2 000 000 FCFA (3 227 USD),
- Claims without a joint accident report, police report and/or gendarmerie report,
- Claims against the Gabonese General Directorate of State Property.
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Fri, 24/11/2023 - 12:15
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