Dis Guy:

I know how insurance is meant to work...Im just asking if you hit lukman the danfo driver, will he actually take this from paper from you without causing a scene and holding everybody up on the main road

Benaig:

My people perish for lack of knowledge. I had an accident with my toks Honda Bullet along lag - Ib expressway. My mechanic negotiated and agreed cost of repairs with the insurance company and I was paid in less than one month.

That is my true personal experience.

It will be foolhardy for me to go about with mere pieces of paper on the mere heresay that insurance companies do not pay.

GO GET GENUINE INSURANCE FROM ANY REGISTERED COMPANY
REPORT ANY DISSATISFACTION TO NAICOM or NIG INSURERS ASSOCIATION if unfairy treated

I dont have to work in an insurance firm to help disabuse the minds of people.

Thank you.

otokx:

Tell that to the birds, even brand new cars that have full insurance when issues come out you have to visit and visit and visit the insurance companies before they will pay a part of it.

Aro Computer Ce: Some years ago, my neigbour registered his car with an insurance firm in Edo state. For many years, he used to pay his premium promptly. At a time he slacked and was now paying few days after the premium had expired. This practice continued for some months when the unexpected happened. His vehicle was snatched away. He took the case to his insurance company. He was told that his premium expired a week earlier. As such the man could not get any compensation. From that point, I concluded that it was useless to insure ones vehicle. But come to think of it. How many individuals in this country with genuine insurance get compensation. I hear of only the rich men and women; and companies. Untill the insurance companies themselves practice the profession as it is done internationally, you will not get much customers. First build confidence and trust by prompt settlement of claims.

blank: I insured with Insurance PHB (Comprehensive insurance). I had two separate accidents. When it came to time to pay, come and see negotiation. They paid less than 10% of the cost to fix the car and not even up to the premium I paid. This was after more than 2 months.

Now, I just do 3rd party and don't bother with any yeye insurance coy cos I no get strength for their back and forth and lies upon lies.

hardbody:

Many car owners ignore insurance because of persistent ignorance and disbelief. A stereotype of what they were told and insisting on following the cheap avenue of not buying genuine insurance

blank: I insured with Insurance PHB (Comprehensive insurance). I had two separate accidents. When it came to time to pay, come and see negotiation. They paid less than 10% of the cost to fix the car and not even up to the premium I paid. This was after more than 2 months.

Now, I just do 3rd party and don't bother with any yeye insurance coy cos I no get strength for their back and forth and lies upon lies.

smartchoice: Please name such reliable insurance companies as you people claim. Waiting patiently.

spikes C: You're tackling this problem from a wrong angle. Why do FG still ask us to pay for insurance but they do not pay claims. Why are we forced to pay insurance at all without a benefits being gauranteed. The average driver doesn't even know what the insurance means.

Now ask yourself, if papa nkechi the danfo driver doesnt get any benefit with the 300 naira insurance, why would he get the 5000 naira own.

So pls, educate the people instead of blaming them

Denn: A friend had a crash with a brand new car less than a month after purchase.

Leadway paid 90% of repair cost exactly one month later.

Repair was done at Dana motors and was done to factory standard.

The only cost was the waiting time and 10% (less than 40k)

If you still have the mindset that insurance doesn't work, well, it's your mind.

Benaig:

Please post your policy number and the claim number(s). This matter will be investigated after contacting the company.
include your email for a follow up. Do not say you want it buried.

One out of the several companies MAY still misbehave because some people are not ready to enforce their rights but give up easily.

blank:

This happened up to 3 yrs ago. I can't be bothered to look for the documents as I paid from my own pocket. All these people with their cool stories of how their insurance companies paid is a load of bullcrap. Insurance coys are predators preying on the ignorant. If anything happens to my cars, I will pay out of my pocket rather than pay premiums to thieves.

smartchoice: Please name such reliable insurance companies as you people claim. Waiting patiently.

speedyboi:

The above is another reason why i said Nigerians have got one hell of an insane mindset. Companies not wanting to keep to agreement terms happen everywhere around the world. You are supposed to petition such companies....it's your right!It seems Nigerians are just as clueless as their leaders. So a company refused to keep up with their agreement policy (no matter how small your premium is) and instead of you to fight for your right, you preferred to forget about it? You be confirmed MUMU to the core! Only Nigerians would do such! and the insurance company saw you that way; that's why you were treated that way. Like seriously? So because of your stupidity you've decided to tag all Insurance in Nigeria as Scam? smh.....naija people sha...

Dis Guy:

ever been to lagos? theres a crash every minute and people still dont get insurance, they just hold everyone up negotiating price of repair.... there must be a reason

thousands of crash in Lagos, theres must be something putting people off, seemingly educated comfortably people
with 'expensive' cars ; I still wonder why they are more likely to buy a tracking device but wont get insurance

Benaig:

Insurance is a contract agreed upon at the beginning.
If you are not satisfied with the way you are treated, you have the right to:

1. Complain to the regulator to intervene
2. Go to court to seek redress and all costs including legal fees incurred.
3. Surrender and dismiss the companies as no good thus waiving your rights and leaving you in future to:

a. cough out fresh funds to replace your vehicle if stolen or damaged (God help you if that does not affect your finances adversely)

b. face the ordeal of being "car less" until you can recover (God forbid)

If you have a car or other assets, choice is yours to have something you can argue about (valid cover)or nothing at all to argue about.

Benaig:

Insurance is a contract agreed upon at the beginning.
If you are not satisfied with the way you are treated, you have the right to:

1. Complain to the regulator to intervene
2. Go to court to seek redress and all costs including legal fees incurred.
3. Surrender and dismiss the companies as no good thus waiving your rights and leaving you in future to:

a. cough out fresh funds to replace your vehicle if stolen or damaged (God help you if that does not affect your finances adversely)

b. face the ordeal of being "car less" until you can recover (God forbid)

If you have a car or other assets, choice is yours to have something you can argue about (valid cover)or nothing at all to argue about.

smartchoice: Good what is the spread of these coys you just mentioned in Nigeria? So if I stay in Akure/Kabba I simply can't access them so the fake one remains my most viable option!

Leadway, Consolidated Hallmark, Mansard, Custodian to mention but a few.

modele2: [b][/b]

Seriously who really has the time for that! I believe in insurance, but it depends on what you are insuring i use a 1998 model car so i really see no need to insure it. As for third party, i believe when the accident comes, i would be able to take care of it from the savings i have made in premium contributions. Been driving 7 years, not even a scratch on my old reliable.