Motor Insurance
This policy provides cover for the insured against loss or damage to the vehicle and or its accessories arising from:
Accidental collision or overturning consequent upon mechanical breakdown or wear and tear.
Fire, External explosion, Self-ignition, Lightning etc.
Malicious act.
Third Party Liability.
i) Death or bodily injuries: unlimited.
ii) Third Party property damage: TPPD limit of N1, 000,000.00 attract no premium.
Our rates for the different classes of cover are as stated below:
Comprehensive covers (1-4 above)- Private Motor (cars) 5% of the value. Commercial Vehicles 6.5% of the value
Third Party covers (4 only) – N5,000.00 per car
Third party cover for Commercial vehicles – N10,000.00 per vehicle
Note: We also install tracking devices free of charge on any vehicle worth N3million and above.
