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Motor Insurance order in Abuja
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Motor Insurance

Motor Insurance

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Nigeria, Abuja
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Description
Motor vehicle insurance is made compulsory by Motor Vehicles (Third Party ) Ordinance Act 1945 (Nigeria).
For purposes of insurance motor vehicles are classified into: Private Motor, Commercial Vehicles and Motor Cycles.
Classes of motor insurance are :Third Party Cover and The Comprehensive Insurance Cover

Benefits / Scope of Cover.
Third party cover provides compensation in respect of liability for third party bodily injury or death.
Damage to third party property but subject to a statutory limit of N1m.
Indemnity to the insured against claimant' legal cost and expenses in respect of the above.
The Comprehensive insurance provides indemnity against:
Third party bodily injury or death.
third party property damage
damage to the insured vehicle or
Claimants' legal cost and expenses.
Tracking Device
We install tracking device on vehicles insured comprehensively.

Advantages:-
Immobilizes stolen vehicles instantly.
It automatically reports vehicle location. rescue.
Vehicles always restricted to approved boundaries and always within our control.
Applicable to brand new vehicles ranging from N3m and above.
Premium rate for vehicles requiring tracking device is 5 of value.
Insurance of such car subject to minimum of two.
However, single vehicle valued N5m and above is acceptable at 5% premium rate.

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