Motor Insurance

Motor Insurance

Motor trade insurance

Motor trade insurance provides cover for businesses that buy or sell vehicles. Available covers are:

It provides cover against risks such as fire, theft, accidental damage to the insured motor vehicles while they are permanently garaged in the insured’s premises.

It also provides cover against the liability of the Insured to third parties in respect of:

  1. Third Party property damage
  2. Accidental bodily injury or death to the third party arising from the use of the vehicle.

It provides cover against risks such as fire, theft and accidental damage to the insured motor vehicles while on the road or is temporarily garaged during the course of a journey elsewhere than the premises owned by the insured.

It also provides cover against the liability of the Insured to third parties in respect of:

  • Third Party property damage
  • Accidental bodily injury or death to the third party arising from the use of the vehicle.

It provides cover against risks such as fire, theft, accidental damage to the insured motor vehicles while the insured motor vehicles are on the road and or temporarily garaged in the insured’s premises.

It also provides cover against the liability of the Insured to third parties in respect of:

  • Third Party property damage
  • Accidental bodily injury or death to the third party arising from the use of the vehicle.
Motor Insurance

Motor Comprehensive (Private & Commercial)

Motor trade insurance provides cover for businesses that buy or sell vehicles. Available covers are:

  1. It covers loss or damage to the insured’s vehicle caused by fire, accident and theft.
  2. It also covers the liability of the Insured to third parties in respect of:
    – Third Party property damage
    – Accidental bodily injury or death to the third party arising from the use of the vehicle.
    – Claimant’s cost and expenses incurred with the consent of the company.
  3. It covers medical expenses sustained by the insured, his driver or any other occupant.
  4. It covers loss or damage to the in-built accessories of the insured’s vehicle.
Motor Insurance

Motor Third Party, Fire & Theft (Private Motor & Commercial Vehicle)

It covers damage caused by fire or theft to the insured’s vehicle as well as the legal liability of the Insured against:

  1. Third Party property damage
  2. Accidental bodily injury or death to the third party arising from the use of the vehicle.
  3. Claimant’s cost and expenses incurred with the consent of the company.
Motor Insurance

Third Party Motor (Commercial Vehicle)

Motor trade insurance provides cover for businesses that buy or sell vehicles. Available covers are:

  1. Third Party property damage.
  2. Accidental bodily injury or death to the third party arising from the use of the vehicle.

Premium

  1. N20,000 (Own Goods & Staff Buses)
    N100,000 (Trucks)
Moto Insurance

Third Party Motor (Private Motor

This policy is a compulsory insurance that covers the legal liability of the Insured against:

  1. Third Party property damage.
  2. Accidental bodily injury or death to the third party arising from the use of the vehicle.

Premium

N15,000

Motor Insurance

Royal Auto Silver

It is an enhanced third-party motor insurance product for private vehicles.

  1. It covers accidental damage to the insured’s vehicle
  2. Loss or damage caused by fire to the insured’s vehicle.
  3. It also covers the liability of the Insured to third parties in respect of – Third Party property damage, Accidental bodily injury or death to the third party arising from the use of the vehicle.
  4. It covers loss or injury to passengers in the vehicle.
  5. Towing Expense – N20,000
  6. Premium installment payment up to four times

Premium – 3.5% + N15,000

Moto Insurance

Royal Auto Bronze

It is an enhanced third-party motor insurance product for private vehicles.

  1. It covers accidental damage to the insured’s vehicle.
  2. Loss caused by theft of the insured’s vehicle.
  3. It also covers the liability of the Insured to third parties in respect of:
    – Third Party property damage
    – Accidental bodily injury or death to the third party arising from the use of the vehicle.
  4. It covers loss or injury to passengers in the vehicle.
  5. Towing Expense – N10,000
  6. Premium installment payment up to four times

Premium – 3% + N15,000