Controlv:
I learnt the benefits of comprehensive insurance in a very harsh way.

I used to think there is no need for me to insure my car comprehensively, since the current market value of my 04 accord is less than 1m, until last year October when I crashed into a parked 07 corolla and Lexus ES350.

I had to cough out 1m to settle the owner of the 04 corolla withing 1 week, spent 125k to fix the Lexus (owner was kind enough to contribute 40k of the repair bill) and 320k to fix my car.

The 07 corolla was damaged beyond repair and I had to sell it as is for 350k.

I informed the insurance company where i took the mandatory 3rd party insurance, i submitted incident report and repair estimate of 1.2m for the 2 cars. The investigation was concluded withing 2 weeks and they agreed to pay 732k.

It took 3 months of rigorous follow up before i get paid.

Would the case have been different if i had comprehensive insurance? YES!

1. I wouldn't have been under pressure to pay the 3rd party withing 1 week.

2. The amount sepnt to repair my car would have been paid my my insurance company.

3. I wouldn't have wasted so much energy to pursue claims. I had to visit the insurance company's office on a weekly basis for 3 months before i got paid. It would have been worse if i reside outside Lagos.

I have insured my 2 cars comprehensively with Mansard after that incident and i also advise my folks to do the same. If you can afford a car, you must be able to afford comprehensive insurance.

Just last week, on my way from Ibadan to Lagos, a 2012 Hyundai Accent had its tyre burst on Ibadan Lagos expressway and crashed into the culvet. I was among the people that parked to smypathize with the owner and I asked whether he had insurance, he had only 3rd party.

The summary of my epistle is: if you can afford a car, you should insure your car comprehensively.

GAZZUZZ:


wow!!! You are an honest Nigerian. I know someone who just abandoned his car in the police station, last last after 1year the other people had carried their cars away and he was called to come and carry his also.

Controlv:


Thanks for the kind words chief Gazzuzz. I believe in the principles of fairness cos i know im at fault.

Im the person that bidded 1950 for the 09 corrolla you advertized last year November but we couldn't agree on the price. Had to settle for a 09 accord and you recently fixed the AC of the car last month. The AC is working very fine and I'll bring it for checkups as requested.

Controlv:


Thanks for the kind words chief Gazzuzz. I believe in the principles of fairness cos i know im at fault.

Im the person that bidded 1950 for the 09 corrolla you advertized last year November but we couldn't agree on the price. Had to settle for a 09 accord and you recently fixed the AC of the car last month. The AC is working very fine and I'll bring it for checkups as requested.

Controlv:


I informed the insurance company where i took the mandatory 3rd party insurance, i submitted incident report and repair estimate of 1.2m for the 2 cars. The investigation was concluded withing 2 weeks and they agreed to pay 732k.

It took 3 months of rigorous follow up before i get paid. I had to visit the insurance company's office on a weekly basis for 3 months before i got paid. It would have been worse if i reside outside Lagos.

sooperrescue:
Interesting but Gazzuzz, why should you charge 981k just to fix one car? Insurance pays but there are many companies that will pay promptly and Axamansard is one of them. I also like the way their claims settlement unit works, they know their onions. Those who take their cars to big garages are ready to defraud the insurance companies because after the obnoxious quotes have been approved, the owners tow the cars to Ladipo to fix it by themselves and make more money. I believe these garages should be excluded because they are the ones that encourage fraud in the system.

oluwaseunla:


It was Stallion Motors that charged 981k to fix the car. The car was probably bought from and serviced by them, so it's natural they fix it after the incidence.

axamansard:


The excess clause applies because we are paying, he allowed the liable third-party go free.

axamansard:


The excess clause applies because we are paying, he allowed the liable third-party go free.