Comprehensive Motor Insurance
Auto-variants are a set of comprehensive motor insurance policies with different offerings limits on the personal accident, medical expenses and loss of personal effect covers.
Covers provided under these policies include:
1. Accidental damage to insured vehicle
2. Loss or damage to insured vehicle resulting from Fire or theft
3. Damage resulting from malicious act, Strike, Riot and civil commotion
4. Damage to third party vehicle up to a limit of N1,000,000
5. Damage to third party property up to a limit of N1, 000,000
6. Unlimited (but reasonable) liability for death / bodily injury to third parties
7. Benefit for personal accident with limits as follows:
Auto – Compact | N100, 000 |
Auto – Bronze | N100, 000 |
Auto – Silver | N250, 000 |
Auto – Gold | N500, 000 |
Auto – Platinum | N500, 000 |
8. Refund for medical expenses with limits as follows:
Auto – Compact | Nill |
Auto – Bronze | N10, 000 |
Auto – Silver | N25, 000 |
Auto – Gold | N500, 000 |
Auto – Platinum | N500, 000 |
9. Benefit for loss of Personal effects with limits as follows:
Auto – Compact | Nill |
Auto – Bronze | N10, 000 |
Auto – Silver | N25, 000 |
Auto – Gold | N50, 000 |
Auto – Platinum | N50, 000 |
6. A flat depreciation rate of 20% is applied on the insured vehicle value in the event of total loss and theft of the vehicle.
To buy product, you will need:
- Chassis Number
- Engine Number
- Vehicle Registration Number
You can find these on your vehicle license document which you are required to upload on your account along photograph of the insured vehicle after purchase.