In the country of Kenya, where self-insurance has been made mandatory, the need of insurance becomes more important than ever before. Many Kenyans do not have an insurance policy which acts as protection against medical costs and liability since such coverage is not yet legally binding. Since many accidents happen unexpectedly in Kenya, it is important to have insurance coverage that will cover these costs. The following are the reasons why insurance is important in Kenya.
The most important of insurance reasons in Kenya is the protection against loss of life. Since the cost of medical treatment can be very expensive, it is essential for Kenyans to have insurance policies that will cover them from such losses. For those Kenyans who live in remote areas where access to medical facilities is difficult or impossible, having insurance is the best insurance policy for a family can have. Even if a doctor is not available at a remote location, an insurance company will still pay the hospital bills of the patient if the family has not paid the hospital bill before the doctor’s visit. Thus, insurance can be the key to saving a life.
Another reason why insurance is important in Kenya is that many Kenyans who have no health insurance have no access to medical care when they need it. If you have insurance coverage, then you can afford to go to the hospital when you need it. This is because the insurance company will be paying all the bills that you will incur. Medical costs are not only expensive but insurance coverage also ensures that the insurance company will take responsibility for such medical costs. For those Kenyans who have no insurance coverage, there is an increasing risk that they will become a medical expense trap.
One more reason why insurance is important in Kenya is the possibility that medical care might become unavailable for some people. This is especially true during an outbreak of a disease that is common in the country. If the disease spreads among the people in the city, for instance, there is a high chance that hospitals will be overwhelmed. The people living in remote areas and rural areas will also suffer from this problem. The insurance companies have a specific budget set aside for providing medical care for the uninsured or for those people who cannot afford insurance due to various reasons.
There are various insurance companies in Kenya offering different kinds of insurance policies. The different insurance companies in Kenya are targeting different groups of people. For example, one insurance company will offer insurance for students while another will only provide insurance for teachers. Thus, there is insurance for different classes of people in Kenya. However, you should always bear in mind the fact that it is you, the consumer, who will determine what kind of insurance policy is best for you.
Why do insurance policies work? Basically, insurance works as an investment for you and your family. When you purchase insurance, you are essentially putting your family’s future at risk. Therefore, it is important to research all options available before you make a decision as to which insurance company to purchase insurance from. It would be even more advisable if you consult your local attorney or insurance agent before making a decision.