Motor Insurance is compulsory for all vehicle owners. The Motor Comprehensive Insurance policy protects the insured against loss or damage to the vehicle because of accident, theft, legal liability to third parties including passengers and medical expenses for injury to the occupants of the car.
In summary, comprehensive car insurance cover (known as fully comprehensive cover), pays out if you damage your car, someone else’s car or injure someone in an accident, regardless of who is at fault. It also covers you against fire and theft.
You can derive the following benefits from comprehensive cover:
* Unlimited compensation for third party bodily injury claims
* Indemnity for third party property damages of up to N250,000.00
* Generous no-claim discounts.
* Medical expenses cover for driver and any occupant of the vehicle at the time of Accident
* Protected no claims discount
* Special fleet discount