Motor Insurance
This can be applicable for the fleet of vehicles owned across Nigeria at locations of subsidiaries/ sister companies.
This type of policy can be segmented into Comprehensive and Third Party Cover. For the Comprehensive cover at 5% of the value of the vehicle, we cover the risk of vehicle damage, repair claims and loss due to theft, fire and disasters. Third Party cover at standard approved NAICOM rates ranging per class of vehicle from N15,000 and above will accommodate risk of damage caused by your vehicle to a third party to the value of N3.5 million and above subject to class of vehicle insurance policy.
When selecting a policy, it's important to compare quotes from different insurance companies and read the policy documents carefully to understand what is covered and excluded. Working with an experienced insurance agent can help you choose the right policy for your specific needs and budget.