Motor Insurance Policy
Motor insurance is designed to protect the insured from loss of or damage to his vehicle, damage to third-party property including bodily injury and death to third parties. Our Company provide insurance cover on a wide range of automobiles for various categories of uses. These include: Private Cars, Commercial Vehicles (Buses and Hire Cars), Commercial Vehicles (Own Goods), Commercial Vehicles (General Cartage) and Motorcycles
Motor Insurance covers from our Company:
- Third Party Motor Insurance Policy: This is the minimum insurance that owners of motor vehicles plying Nigerian roads are required to have. The policy covers liability against damage to third party property to the tune of One Million Naira (N1m) and for death or bodily injury to a third party arising from the use of the vehicle.
- Third Party, Fire and Theft Policy: This type of motor policy offers you some additional protection to the cover provided by Third Party Motor Insurance, your own vehicle is also covered if it is damaged by fire, an attempted theft or stolen.
- Comprehensive Motor Insurance Policy: The Comprehensive Motor Insurance Policy covers the loss or damage to insured vehicles as a result of fire, theft, vandalism, accidental damage or collision. Coverage also includes Legal Liability for death, bodily injury or damage to the property of third parties arising out of the use of insured vehicles. Other additional benefits provided by NEM Insurance include but not limited to loss of use occasioned by accident, installation of auto tracking device, legal liability arising as result of accident, vandalism, malicious damage, damage due to riot and civil commotion.