COMPREHENSIVE MOTOR INSURANCE.
Classification of Vehicle Types
1. Private Cars : vehicles used by insured (Individuals or Corporate Organizations) for private & personal purposes .
2. Commercial Vehicles: vehicles utilized for commercial purposes e.g. goods carrying vehicle or for hire/reward.( Taxis, Mini buses and luxurious buses) .
3.
Motor Cycle/Tricycle Special type: vehicles which are built for specific /specialized purposes(tractors, bulldozers and related vehicles).
COMPREHENSIVE Motor Insurance gives the widest cover including cover granted by the other cover types "Third Party Only & Third Party Fire and Theft"
Comprehensive Motor Cover indemnifies the insured against :
1. Loss of or damage to the insured vehicle by fire, theft or accidental collision.
2. The insured’s legal liabilities to third parties for injury/death or damage to third party property arising out of the use of the insured vehicle.
3. Damage to third party property.
4. Medical expenses of the insured and other occupants to a specified or reasonable amount.
The reason you see a lot of educated men, women, boys, girls fighting at the point of collision or Accident is simply because they dont have Comprehensive insurance cover. Some even have but really dont know the value of what they have.
For more information on Comprehensive Motor Insurance Cover.
Contact us on WhatsApp +2347034720537
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