Motor Insurance
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Description
Motor insurance aims to do several things and is the most common of all insurances, Not only does it protect the insured for loss of or damage to his vehicle, but also protects against damage to Third Party property which may result in bodily injury or death to Third Parties
There are several types of Motor Insurance covers namely:
- Comprehensive Cover
This cover is comprehensive and covers loss of or damage to the insured vehicle in addition to the covers available under the two described below - Third Party Risk Only Cover
Third Party property damage is covered in addition to bodily injury and costs described. Although the Bodily injury and Death are unlimited, the cover does not exceed a damage limit of N1,000,000, We insure against accidents occurring on public as well as Claimants' costs and other costs incurred - Third Party Fire and Theft Cover
In the unfortunate event that the insured vehicle is aflame or stolen, this cover is available in addition to the above-mentioned "Third Party Risk insurance"
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Motor Insurance