Motor Insurance
This includes accidental damage, fire, theft and third party property damage or bodily injury. Individuals, corporate organisations, religious bodies will find this beneficial.
Motor Comprehensive (Private Motor & Commercial Vehicle)
Motor Comprehensive provides cover for private or commercial vehicles.
• It covers loss or damage to the insured’s vehicle caused by fire, accident and theft.
• It also covers the liability of the Insured to third parties in respect of:
– Third Party property damage.
– Accidental bodily injury or death to the third party arising from the use of the vehicle.
– Claimant’s cost and expenses incurred with the consent of the company.
• It covers medical expenses sustained by the insured, his driver or any other occupant.
• It covers loss or damage to the in-built accessories of the insured’s vehicle.
Third Party Motor (Commercial Vehicle)
This policy is a compulsory insurance that covers the legal liability of the Insured against:
• Third Party property damage.
• Accidental bodily injury or death to the third party arising from the use of the vehicle.
Premium
• N20,000 (Own Goods & Staff Buses) N100,000 (Trucks).
• Damage to Third Party property – N5,000,000 per occurrence.
• Policy excess is N10, 000 or 10% of the amount claimed whichever is higher. (Policy excess is the amount the insured will bear in the event of any claim).
Bodily injury or death to the Third Party – Unlimited but reasonable.
Third Party Motor (Private Motor)
This policy is a compulsory insurance that covers the legal liability of the Insured against:
• Third Party property damage.
• Accidental bodily injury or death to the third party arising from the use of the vehicle.
Premium – N15,000
• Damage to Third Party property – N3,000,000 per occurrence.
• Policy excess is N10,000 or 10% of the amount claimed whichever is higher. (Policy excess is the amount the insured will bear in the event of any claim).
• Bodily injury or death to the Third Party – Unlimited but reasonable.
Motor Third Party, Fire & Theft (Private Motor & Commercial Vehicle)
It covers damage caused by fire or theft to the insured’s vehicle as well as the legal liability of the Insured against:
• Third Party property damage
• Accidental bodily injury or death to the third party arising from the use of the vehicle.
• Claimant’s cost and expenses incurred with the consent of the company.
• Damage to Third Party property – N3,000,000 for Private and N5,000,000 for commercial vehicle per occurrence.
• Policy excess is N10,000 or 10% of the amount claimed
Third Party Insurance
This covers third party property damage or bodily injury and tailored towards Individuals, corporate organisations, religious bodies
Motorcycle Insurance
This includes accidental damage, fire, theft and third party property damage or bodily injury and is targeted at Individuals and corporate organisations.
