Car insurance does not just protect you from yourself; it also protects you from the other motorists. If you have subscribed to a car insurance policy, try keeping your car policy alive at all times.
In Nigeria, third-party insurance is compulsory under the Motor Vehicle (Third Party) Insurance Act of 1950. It is one of the six classes of insurance made compulsory under the laws of the Federal Republic of Nigeria
If you’re looking to buy car insurance or you are just assessing your current car insurance policy – you should consider comprehensive insurance coverage. Learn what comprehensive insurance helps protect, how it is different from other car insurance coverage and how it works in Nigeria.
Please note that there are several other types of car insurance policies available in the market. Each with its specific coverage level and add-ons options. You can customize your car insurance coverage according to the budget, extend the cover to the person driving it, and so on – when purchasing your car insurance policy.
It is also important to note that all aspects as relating to third-party accidents are covered as well as what different policy parameters mean. This will help you understand the limits of your coverage and ensure a smooth claims process.
Life throws the unexpected at us. While we usually can’t prevent these things from occurring, we can opt to give our lives a bit of protection. Insurance provides us with some measure of protection, at least financially, should a disaster happen.
Introduction Reporting an insurance loss can seem complicated just thinking about it. You recently had a car accident or some other kind of loss to one of your vehicles, your loved one, or your business. And you’re wondering… Should I submit a claim to my insurance company or not? Will there be any negative consequences? […]
Which Insurance company provides the best comprehensive car insurance in Nigeria? Let’s find out. The best Insurance companies in this country hardly ever segment themselves into either one type of Insurance cover. They just do all of them. It may sound not so nice, but that’s good for you. You wouldn’t want to have your […]
Who knows how much car insurance costs in Nigeria? What are the car insurance rates in Nigeria? Those were rhetorical questions. If you knew, you probably wouldn’t be disturbing Google about it. As if it’s some sort of unspoken rule, virtually every Insurance company website I’ve visited to get a clue about this sort of information hardly […]