Star Assurance unveils ‘Star Motor Third Party Xtra’

Star Assurance Limited, a distinguished insurance company boasting numerous awards, has introduced the groundbreaking ‘Star Motor Third Party Xtra,’ a product that represents a transformation in third-party motor insurance within Ghana.

With this new offering, third-party policyholders can now access limited coverage for damage to their own vehicles, marking a notable departure from the traditional constraints of third-party insurance policies.

Typically, conventional third-party motor insurance solely addresses the policyholder’s liability for damage and injuries caused during driving, leaving the policyholder’s own vehicle vulnerable in accidents. This restriction has been a source of dissatisfaction for numerous vehicle owners.

In response to these concerns, Star Assurance has meticulously conducted customer-focused research and introduced a solution that bridges the gap. This transformative product is the “Star Motor Third Party Xtra.”

Speaking at the launch of the Star Motor Third Party Xtra, Chief Executive Officer of Star Assurance, Boatemaa Barfour-Awuah, stated, “The introduction of the Motor Third Party Xtra aligns seamlessly with our organizational mission and vision, which is centered on creating exceptional experiences for our customers. This product underscores our commitment to attentively addressing the specific needs of our customers.

“This product is designed to cater to both existing and new customers who currently hold third-party policies with Star Assurance or other insurance providers. Whether their vehicles are for private or commercial use, the ‘Motor Third Party Xtra’ is a versatile option.”

Clarifying the operation of the ‘Star Motor Third Party Xtra,’ Michael Adomako, the Head of Product Development and Innovations at Star Assurance, outlined: “by paying an additional premium of GHS 100 on top of the standard private car premium of GHS 468, Star Assurance now provides policyholders with coverage worth up to GHS 5,000 to repair glass damage, encompassing windshields, side mirrors, window glasses, vent glasses, and inside rearview mirrors.

Michael Adomako mentioned that customers have the option to obtain this innovative product through Star Assurance’s 20 branch locations or via the company’s extensive network of agents and brokers across the nation. “The convenience of purchasing this product extends to digital platforms like Pokuaa, Star Assurances’ virtual assistant, and external providers such as Kowri and Total Ghana filling stations across the country,” he said.

Motor insurance is the most popular insurance type in Ghana, with a significant number of policyholders favoring third-party coverage. The introduction of the ‘Star Motor Third Party Xtra’ represents a significant milestone in the motor insurance industry, which, for the past 66 years, primarily provided comprehensive, third-party, and third-party fire & theft policies.