Auto accident involving two cars

Motor Insurance

Insurance on vehicles are classified according to their use.  We, however recommend that all your vehicles should be insured on comprehensive basis.

Scope of Cover

The policy will cover loss or damage to the insured vehicles from accidental collision or overturning, fire, theft, malicious damage, whilst in transit including the process of malicious damage, whilst in transit including the process of loading and unloading incidental to such transit by road, rail inland water way, lifts or elevators, loss or damage to third party properties including medical expenses (subject to policy limit) of owner, driver or any occupant of the motor vehicle as a direct and immediate result of an accident to the vehicles.

 

Remarks

  1. Considering the high inflationary trend of the Nigerian economy, we recommend that all vehicles should be insured on their replacement values so that you can be reasonably reimbursed in the event of a claim.
  2. We intend to negotiate a high fleet discount with the insurers on your entire motor portfolio. A fleet discount has two main advantages:
  • Immediately a vehicle is added to the schedule of the policy, it enjoys this discount without having to wait for one year as in the case of No Claim Discount.
  • In the event of a claim, your vehicle involved in an accident will not lose its discount at renewal as in the case of No Claim Discount.

Clearly, you will see that these advantages are in your favour and we sincerely hope this is to your satisfaction.

how can we help you?