Types of Motor Insurance Cover
- Third Party Only: This covers bodily injury including death of Third Parties caused by accidents occurring on public roads. Claimants’ costs and other costs incurred are also recoverable. Third Party property damage is covered in addition to bodily injury and costs described above. Third Party property damage limited to N1,000,000 is covered (i.e. Standard Cover), whilst bodily injury and death are unlimited.
- Third Party Fire and Theft: Loss of or damage to the insured vehicle caused by fire and theft is covered in addition to the covers available under the “Third Party Risk only” cover described above.
- Comprehensive: This is the widest cover available in motor insurance as it covers accidental damage to the insured vehicle in addition to the covers available under the two described above. It also covers theft of the vehicle.
