Jayb Insurance Agency & Gen. Dealers

Jayb Insurance Agency & Gen. Dealers Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Jayb Insurance Agency & Gen. Dealers, Insurance Agent, Jasmine Street, Kabwe.

We offer Insurance services which include Third party motor insurance, Comprehensive motor and other Insurance policies, Accounting services which include preparation of financial statements for our clients, ZRA and NAPSA returns.

INSURANCE CORNERLet us arrange a motor or property insurance cover for you. Please do not hesitate to contact us so that...
14/09/2021

INSURANCE CORNER
Let us arrange a motor or property insurance cover for you. Please do not hesitate to contact us so that we organize an insurance cover for you.
We are a licensed insurance agency company- we have been authorised by the Pensions and Insurance Authority to be an insurance agency.
Contact us on : 0973104921
Securing your insecurities

INSURANCE CORNERAre you seeking to have your property insured. Please do not hesitate to contact us so that we can orga...
07/09/2021

INSURANCE CORNER
Are you seeking to have your property insured. Please do not hesitate to contact us so that we can organize an insurance cover for you.
We are a licensed insurance agency company- we have been authorised by the Pensions and Insurance Authority to be an insurance agency.
Contact us on : 0973104921

INSURANCE CORNER- DIFFERENCE BETWEEN AN INSURANCE CONTRACT AND OTHER LEGAL CONTRACTS (PART 1- ALEATORY )An insurance con...
31/08/2021

INSURANCE CORNER- DIFFERENCE BETWEEN AN INSURANCE CONTRACT AND OTHER LEGAL CONTRACTS (PART 1- ALEATORY )
An insurance contract is aleatory rather than commutative. Aleatory means the values exchange between two parties may not always be equal.
In an insurance contract, the values exchanged between an insurance company and an insured may not be equal. For example, a person may insure a house for K500, 000 and pay a premium of K500 and after two months the house catches fire and is destroyed. In such an instance, the insurance company will have to compensate an insured an amount of about K500, 000- and mind you this insured may have only paid premium once. In other cases, an insured may have been paying premiums for many years without having any loss- therefore without making any claim.
Other contracts are commutative, in that the values exchanged between the parties are theoretically of the same value. For example, a person who buys a car for K40,000 views the car to be worth that much.
Happy tuesday and have a fruitful day ahead. God bless you all

24/08/2021

INSURANCE CORNER- POLICY DOCUMENTS
A policy document is a document that an insurance company gives to an individual who buys an insurance policy.
The policy document indicates what the insurance policy covers and what it doesn't. Further, it also explains the conditions on which the policy is premised.
This document is very important and I advise everyone with a policy to get it and thoroughly go through it so that you know your rights, what you are covered for and what you are not covered for.
Going through the policy document will make you know when to claim and when not to, when there is a loss.
When you have any dispute with a company you are insured with- a dispute concerning a claim, it would carry more weight to make a complaint to the Pensions and Insurance Authority ( PIA) when you are referring to the policy document.
Do you have a policy with an insurance company and they have not given you a policy document, kindly request for one.
Happy Tuesday and God bless you.

INSURANCE CORNER- DIFFERENCE BETWEEN AN INSURANCE CONTRACT AND OTHER LEGAL CONTRACTS (PART 1- ALEATORY )An insurance con...
17/08/2021

INSURANCE CORNER- DIFFERENCE BETWEEN AN INSURANCE CONTRACT AND OTHER LEGAL CONTRACTS (PART 1- ALEATORY )
An insurance contract is aleatory rather than commutative. Aleatory means the values exchange between two parties may not always be equal.
In an insurance contract, the values exchanged between an insurance company and an insured may not be equal. For example, a person may insure a house for K500, 000 and pay a premium of K500 and after two months the house catches fire and is destroyed. In such an instance, the insurance company will have to compensate about a K500, 000 an insured who has only once paid a premium of K500. In other cases, an insured may have been paying premiums for many years without having any loss- therefore without making any claim.
Other contracts are commutative, in that the values exchanged between the parties are theoretically of the same value. For example, a person who buys a car for K40,000 views the car to be worth that much.
Happy tuesday and have a fruitful day ahead. God bless you all.

10/08/2021

INSURANCE CORNER-PRINCIPLES OF INSURANCE ( SUBROGATION)
Subrogation entails the right that an insurance company has, to claim from a third party who caused an accident to the insured. Simply put, an insurance company has a right to hold accountable a third party who caused bodily injury or damage to an insured's property after it ( an insurance company) has made loss payment to the insured.
For example, Mr. X's vehicle is hit into by Mr. Y's and let's assume Mr. Y is the one at fault. Mr. X can claim from an insurance company where his vehicle is insured. Once the insurance company compensates him, it can claim from Mr. Y ( third party) for the loss he caused to Mr. X.
This principle entails that a person can not claim from both a negligent third party and an insurance company. If a person is compensated by the negligent third party then they should not claim from an insurance company for a loss payment.
Therefore, this principle prevents a situation where an insured benefits from both an insurance company and a negligent third party therefore profiting from a loss.

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03/08/2021

INSURANCE CORNER- PRINCIPLES OF INSURANCE ( UTMOST GOOD FAITH)
Insurance is based on the principle of utmost good faith. According to this principle, a high level of honesty is imposed on both parties, that is, the insured and the insurance company.
Failure to disclose material information about the property that a person wants to Insure can lead to a breach of an insurance contract. For example, when an insurance company is about to issue a policy on a person's life they may ask about the health conditions. Let's take for instance a person buying a life insurance policy on their life hides that they have cancer and then later they die because of the disease, an insurance may not pay a claim because there was a compromise of honesty on the other party.
For comments inbox us.

20/07/2021

INSURANCE CORNER- AUTHORISED INSURANCE COMPANIES ( INSURERS)
The Pensions and Insurance Authority ( PIA) published a list of licensed insurance companies for the year ending December 2021. Check the list below and I hope the company you are insured with is licensed.
GENERAL INSURERS*
1. A Plus General Insurance
2. Adelvis General Insurance Company Limited
3. Advantage Insurance Limited
4. Africa Pride Insurance Company
5. African Grey Insurance Limited
6. General Alliance Insurance Limited
7. Golden Lotus Insurance Limited
8. Goldman Insurance Limited
9. Hollard Insurance Zambia Limited
10. Innovate General Insurance Limited
11. Madison General Insurance Company Zambia Limited
12. Mayfair Insurance Company (z) Limited
13. Meanwood General Insurance Ltd
14. Nico General Insurance
15. Phoenix of Zambia Assurance Company (2009) Limited
16. Professional Insurance Corporation Zambia PLC
17. Savenda General Insurance Limited
18. Swan General Insurance Limited
19. Veritas General Insurance PLC
20. ZSIC General Insurance Limited

*LONG TERM INSURERS*
1. ABSA Life Zambia Limited
2. Hollard Life Assurance Company Limited
3. Innovate Life Insurance Limited
4. Liberty Life Zambia Limited
5. Madison Life Insurance Company Zambia Limited
6. Metropolitan Life Zambia Limited
7. Prudential Life Assurance Zambia Limited
8. Sanlam Life Insurance Zambia Limited
9. Speciality Emergency Services Limited
10. ZSIC Life Limited
Happy Tuesday and God bless you 🙏🙏

06/07/2021

INSURANCE CORNER - EXCLUSIONS IN INSURANCE ( PART 1)
When you insure property, certain causes of a loss may not be covered. For example, when you insure your house- under a homeowners policy- the loss caused by a war may not be covered. This simply implies that should your house be damaged due to a war then you will not be compensated by an insurance company.
An insurance policy may cover a good number of causes of a loss ( perils) but not all of them. For example, when you insure your house- losses caused by fire, lightning, volcanic eruption, earthquakes e.t.c may be covered- this means that if your insured house is damaged by any of the mentioned things (perils) above then an insurance company will compensate you- for your house is covered from those losses.
However, an insurance company may exclude certain causes of a loss (perils).
Many people may have complained of an insurance company not compensating them after a loss and it could be that the cause of a loss was not covered.
Go through the policy document and check the exclusions so that you know what the policy covers and does not.
Happy Tuesday. Have a blessed and wonderful day.

Address

Jasmine Street
Kabwe

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 15:00
Sunday 09:00 - 17:00

Telephone

+260973104921

Website

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