obembet:
Third-party insurance is essentially a form of liability insurance. The first party is responsible for their damages or losses, regardless of the cause of those damages. One of the most common types is third-party insurance is automobile

Third-party offers coverage against claims of damages and losses incurred by a driver who is not the insured, the principal, and is therefore not covered under the insurance policy. The driver who caused damages is the third party.

According to the insurance policy, you get coverages up to ₦1,000,000.00 on your third party insurance.

But from my own little observations, I realized that most Nigerian only renew thier third party insurance because of police Road safety or VIO. Infact some of my colleagues in office call it police let me pass .

Some Believe that insurance doesn't pay on Third-party. How true is this? Have you ever be deny Claim on your third party insurance?

obembet:
Third-party insurance is essentially a form of liability insurance. The first party is responsible for their damages or losses, regardless of the cause of those damages. One of the most common types is third-party insurance is automobile

Third-party offers coverage against claims of damages and losses incurred by a driver who is not the insured, the principal, and is therefore not covered under the insurance policy. The driver who caused damages is the third party.

According to the insurance policy, you get coverages up to ₦1,000,000.00 on your third party insurance.

But from my own little observations, I realized that most Nigerian only renew thier third party insurance because of police Road safety or VIO. Infact some of my colleagues in office call it police let me pass .

Some Believe that insurance doesn't pay on Third-party. How true is this? Have you ever be deny Claim on your third party insurance? It works perfectly... That's if you buy the insurance policy from a recognised insurance company... The one people buy from secretariat does not have cover... I am an insurance expert.... You can ask any question pertaining to insurance

correctyourself:


Please which of them is that, so we know where to go

duality:


May I know them.

Compliant:
MENTION ONE THING THAT WORK IN NIGERIA, SURELY NOT THIRD PARTY INSURANCE

sinistermind:
Insurance can actually pay of third party. Insurance in Nigeria over the years have greatly improved and not what it used to be. So who ever is calling third party insurance “Police let me pass” is very wrong. As long as you pay a premium, the insurance company must pay third party claims

Astoria:
Ask yourself this very interesting question: How many folks had received insurance payouts from the First-Party Insurance, let's not even go to the distant Third-Party Insurance. Like you rightly said, most of us do these processes to avoid wahala from law enforcement. In the overall, making insurance claims in nigeria can generally be frustrating.

sinistermind:
Insurance can actually pay of third party. Insurance in Nigeria over the years have greatly improved and not what it used to be. So who ever is calling third party insurance “Police let me pass” is very wrong. As long as you pay a premium, the insurance company must pay third party claims

OkanlawonB:


If you are talking from personal experience, pls what exactly happened in your case? Any particular recommendable Insurance Company that honour such third party claims.

JUHABACH:


There are several world class insurance companies operating in Nigeria who always pay claims promptly. Maybe you should consider using those instead coz in my experience, they pay claims very quickly.

biggy00000:
Third party insurance
Hmmmmm..

I and a colleague of mine were involved in an accident some 4 years ago; as a believing Nigerian, I called up his insurance company, got police report and sent it. When the back and forth became unbearable I gave up.

I had comprehensive insurance on my car, called insurance company and it was fixed swiftly.

If it's within your reach, deal comprehensive.

Oluwa a wa pelu wa o

Ayomitide77:

I work in an Insurance company and the only reason a claim won't be paid is if it is fraudulent or the claimant doesn't want to claim for damages by submitting the required documents.

JUHABACH:


There are several world class insurance companies operating in Nigeria who always pay claims promptly. Maybe you should consider using those instead coz in my experience, they pay claims very quickly.

vincentjk:
Op you dey talk like say you node witness this buhari regime again

obembet:
Third-party insurance is essentially a form of liability insurance. The first party is responsible for their damages or losses, regardless of the cause of those damages. One of the most common types is third-party insurance is automobile

Third-party offers coverage against claims of damages and losses incurred by a driver who is not the insured, the principal, and is therefore not covered under the insurance policy. The driver who caused damages is the third party.

According to the insurance policy, you get coverages up to ₦1,000,000.00 on your third party insurance.

But from my own little observations, I realized that most Nigerian only renew thier third party insurance because of police Road safety or VIO. Infact some of my colleagues in office call it police let me pass .

Some Believe that insurance doesn't pay on Third-party. How true is this? Have you ever be deny Claim on your third party insurance?

sinistermind:
Insurance can actually pay of third party. Insurance in Nigeria over the years have greatly improved and not what it used to be. So who ever is calling third party insurance “Police let me pass” is very wrong. As long as you pay a premium, the insurance company must pay third party claims

blackboy2star:
It works oga. The mentality is what's depriving you people. My brother used it 2019. Try it yourself

Smartriya:


But then most of their agents are rogues esp the ones who you find around the BOR offices. They sell expired policies to unsuspecting clients cos most people don't go online to check and just carry the let my pple pass paper.

OkanlawonB:


If you are talking from personal experience, pls what exactly happened in your case? Any particular recommendable Insurance Company that honour such third party claims.

Astoria:
Ask yourself this very interesting question: How many folks had received insurance payouts from the First-Party Insurance, let's not even go to the distant Third-Party Insurance. Like you rightly said, most of us do these processes to avoid wahala from law enforcement. In the overall, making insurance claims in Nigeria can generally be frustrating.

OkanlawonB:


i am interested in knowing your insurance company. Pls how does a comprehensive insurance compares with a third party insurance claims in terms of credibility and premiums. The premium ranges for both types will be appreciated.

Onyenna:


Gbam!!! You garrit!!!! Their agents are criminals!!! They are the major problem...... They divert people’s insurance money into their pockets.....

BennyDGreat:


How affordable is the annual comprehensive premium?

Ayomitide77:

I work with Custodian and Allied Insurance Ltd. The statutory premium for third party is #5000, while the premium for a third party is dependent on the value of the vehicle and the risk associated with it.

Third party as the name implies only pay claims for negligence to another party while Comprehensive covers cost for accident to the insured vehicle and the third party.