In Nigeria, Third Party Motor Insurance has been made compulsory for all car owners by the Federal government. The Policy offers cover against the damage of another road user's vehicle by the insured vehicle.
Here at SA Insurance, we pride ourselves on offering our clients some very competitive rates for both Third Party, Third Party Plus and Basic Comprehensive Motor Insurance.
We understand that when you have had an accident and perhaps damaged a prized vehicle, you certainly do not need an insurance company to add to your worries! Therefore, we strive to make it easy both to insure and more importantly, claim on your policy if you should require it
Basic Third Party Policy
The policy protects the insured from damages caused to the third party vehicle.
Benefits:
- Third Party Property Damage Liability of up to N1million
- Third Party Bodily Injury/Death: Unlimited
- Prompt and stress free claims management within 48 hours of return of properly filled Discharge Voucher by claimant
Third Party Plus Policy
The policy is designed to provide additional value to Basic Third Party cover and Life Insurance cover.
Benefits:
- Third Party Property Damage Liability of up to N1million
- Repair to the insured vehicle up to N25,000
- Medical Liability to the insured up to N25, 000
- Option for Life cover up to N100, 000 with additional premium
- Third Party Bodily Injury/Death: Unlimited
- Prompt and stress free claims management within 48 hours of return of properly filled Discharge Voucher by claimant.
- Easy and convenient online retail.
Terms
- Third Party Policy Plus is designed for Online customers and SA Brand Ambassadors
- Commission of N1000 for every Third Party Plus policy
- Commission paid upon confirmation of premium payment
- Contact SA Insurance immediately in case of claim
Limitations
- No cover for vehicle theft or malicious damage
- No cover where no Third Party Vehicle is Involved
- No cover if an accident is caused by the Third Party
- Claims shall not be without a valid police report
- Insured and Third Party vehicle should not be repaired or altered prior to inspection by SA Insurance
- The insured is liable for an excess of 15% of each and every repairs/medical expenses AND for 100% of repair costs/medical expenses above the limits set
Basic Motor Comprehensive Policy
This policy covers accidental damage or loss to the insured vehicle due to Accident, Fire, Theft and Legal liability to third parties.
Benefits:
- Benefits of Third Party Basic
- Authorized repair limit of up to N150, 000.00
- Final settlement within 48 hours of return of properly filled Discharge Voucher by claimant
- Prompt and stress free claims management
- Free tracking device for cars over N4,000,000 in value
