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.