Motor Insurance

What it generally protects

• Your own vehicle against accidental damage, fire and theft, where the policy includes it
• Injuries or damage you cause to other people and their property — known as third-party cover
• Passengers and other road users, depending on the level of cover chosen

This is general information. Exact cover depends on the specific policy wording of the insurer providing it.

Who may need it

• Car and vehicle owners
• Ride-hailing and commercial drivers
• Families with more than one vehicle
• Vehicle dealerships and businesses that move vehicles

Why it matters

An accident can cost far more than a vehicle is worth. In Nigeria, at least third-party motor cover is a legal requirement for driving — and wider cover protects your own investment as well.

What to understand before purchasing

• The difference between third-party only and comprehensive cover
• What is excluded — some policies treat flood, riot or certain roads differently
• How your vehicle's value is assessed and what documents you will need
• What to do immediately after an accident so a claim stays valid