nemsupport@nem-insurance.com
It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965 and incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968..
The NEM Enhanced Third Party Motor Policy is an initiative by NEM Insurance Plc designed to provide third-party liability coverage with limited benefits for damage to the insured’s own vehicle.
This policy offers comprehensive protection for third-party liabilities and additional benefits for own damage, provided such damage results from an accident involving a third party. This condition is essential for the insured to access the add-on benefits under the policy.
The Enhanced Third Party Motor Insurance Policy is specifically crafted to address the needs of the expanding retail customer base, especially individuals and small businesses that may find it difficult to afford the premium rates associated with full Motor Insurance comprehensive or Third Party, Fire and Theft options.
This policy provides a balance between affordability and broader protection, making it suitable for private vehicle owners who want more than the statutory minimum motor insurance cover in Nigeria.
Enhanced Third Party Motor Insurance is a motor insurance policy that goes beyond the statutory third-party cover by including limited benefits for the insured’s own vehicle when an accident involves a third party.
Under standard third-party motor insurance, only damage to third-party property and bodily injury or death of third parties are covered. However, this enhanced version adds limited own-damage protection, medical expenses, towing costs, and legal expenses, subject to stated limits.
This policy remains compliant with Nigerian motor insurance regulations while offering additional financial protection at a fixed and affordable premium.
The Enhanced Third Party Motor Insurance Policy is available in three variants:
This option provides coverage for vehicles used exclusively for private purposes.
This option provides coverage for privately used buses and pick-ups owned by individuals or corporate bodies such as companies and schools. These vehicles are strictly for transporting staff and students and not for hire or commercial use.
The vehicle capacity is limited to passenger vehicles constructed or adapted to carry up to 18 passengers.
This option covers goods-carrying vehicles privately owned by individuals or corporate bodies and used strictly for transporting goods related to the insured’s business or profession.
It does not apply to vehicles used for commercial hire or heavy truck vehicles.
The Enhanced Third Party Motor Insurance Policy operates on a fixed premium structure and provides the following benefits:
Third-party property damage cover
Unlimited cover for third-party bodily injury and death
Limited own-damage cover when the accident involves a third party
Medical expenses for the insured or driver
Legal fees and related expenses
Towing of the insured vehicle
Limited fire peril protection
Limited windscreen damage protection (where applicable)
These benefits help reduce the financial burden that may arise from road accidents and associated liabilities.
The policy is offered at fixed premium rates depending on the variant:
Type A (Private Car): N30,000
Type B (Private Bus): N35,000
Type C (Goods Carrying Vehicle): N40,000
Each variant provides:
Third-party property damage cover
Unlimited third-party bodily injury and death cover
Own-damage benefit up to N1,000,000 (where applicable)
Medical expenses up to N50,000
Legal fees up to N50,000
Towing benefit
Fire peril and windscreen damage benefits within stated limits
These structured benefits make the policy predictable and easy to understand for retail customers.
The Enhanced Third Party Motor Insurance Policy is suitable for:
Private car owners
Companies operating staff buses
Schools using private buses
Small businesses using vehicles to transport goods
Individuals seeking affordable motor insurance in Nigeria
It is especially suitable for vehicle owners who want better protection than basic third-party motor insurance but cannot afford comprehensive motor insurance.
Motor insurance is compulsory for all vehicles plying Nigerian roads. Enhanced Third Party Motor Insurance in Nigeria provides a practical solution for motorists seeking compliance with the law while enjoying additional benefits.
This policy also supports motor insurance verification and enforcement processes by ensuring that insured vehicles meet statutory insurance requirements while offering value-added protection.
For broader vehicle protection, customers may combine this policy with Fire and Special Perils Insurance for additional risk coverage and Goods In Transit Insurance for vehicles involved in goods transportation.
NEM Insurance offers an Enhanced Third Party Motor Policy structured to meet the needs of Nigerian motorists. The policy provides:
Affordable fixed premiums
Wider protection than standard third-party motor insurance
Clear benefit limits
Reliable claims handling support
Compliance with Nigerian motor insurance regulations
Customers who require full protection may also consider Motor Insurance comprehensive policies for wider own-damage coverage.
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