Third party insurance Archives - Insurance Nigeria

Third Party Insurance: Pros and Cons

By Admin|2015-08-31T10:21:44+00:00July 28th, 2015|

Some car owners opt to get third party insurance instead of comprehensive coverage in order to save money, but they aren’t aware of the many negative consequences of going with the cheaper plan..

Third Party Insurance Benefits

Third party insurance allows drivers to meet the requirements of the law regarding insurance. It’s the most basic kind of […]

Insurance in Nigeria: A Peep into the Nigerian Insurance Act

By Admin|2015-08-31T10:36:57+00:00July 28th, 2015|

Know the Law

Drivers who venture onto the road without carrying the minimum amount of coverage face big fines and up to a year of prison time. Section 68 of the Insurance Act and Section 3 of the Motor Vehicle (Third Party) Insurance Act specifically states that it is illegal to use or allow anyone else […]