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BLOCK 138 PLOT 5 GABRIEL OLUSANYA STR. BY ELF BUS-STOP LEKKI, LAGOS

MOTOR INSURANCE

There are several products within our motor insurance portfolio. These include:

  • Comprehensive Motor Cover (Standard)
  • Motor Safe Guard
  • Third Party Motor Cover

Our Comprehensive Motor Insurance Policy provides cover for your private or commercial vehicles.  It pays for loss or damage to the insured vehicle and third party liabilities in event of an accident, fire or theft.

 

  1. Motor Safe-Guard is a new form of motor insurance with standardized cover and premiums payable. It is designed for private cars. It offers more advantages that an ordinary Third Party:
  • Motor Safe-Guard will pay for damage to your car in event of an accident. A  Third Party Policy will not.
  • Motor Safe-Guard will pay for damage to your car in case fire incident. A  Third Party Policy will not.
  • Motor Safe-Guard will pay you if your car is stolen; A Third Party Policywill not.
  • Motor Safe-Guard will also pay for third party liabilities

Motor Safe-Guard has three (3) types of cover from which a client can choose – Maxi, Medi and Mini.

  • Maxi Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N200,000

Total Loss (whether by accident or fire) up to N300,000

Third Party Liabilities: up to N1,000,000

The Premium for MAXI Cover is only N25,000 per annum.

  • Medi Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N100,000

Total Loss (whether by accident or fire) up to N200,000

Third Party Liabilities: up to      N1,000,000

The Premium for MEDI Cover is only N20,000 per annum.

  • Mini Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N50,000

Total Loss (whether by accident or fire) up to N100,000

Third Party Liabilities: up to N1,000,000

The Premium for MINI Cover is only N15,000 per annum.

This covers damage to third party property, injury and death with liabilities for property damage up to N1 million.

FIRE INSURANCE

There are two main products under our Fire insurance Portfolio namely:

  • Fire and Special Perils
  • The Red Card

This product provides cover for both private residence and business premises against loss or damage to property, injury or death to persons caused by fire and related perils such as flood, storm, tempest, riot and strikes, malicious damage, explosion, burst water pipes.

This is a fire insurance product specially designed for low to medium income class. It provides standardized cover for contents of buildings only at affordable premium rates. The product provides cover on the contents of your home up to N1 million. The Premium for this cover is only N4,000 per annum.

 

HOME XTRA

Home Xtra is a comprehensive insurance policy that provides a 24 hour, all-year-round cover for your buildings and contents against fire, theft and other related perils like flood, collapse, storm, etc.

Additional cover/benefits include:

  • Payment of medical expenses incurred in event of insured peril occurring
  • Payment for death of persons
  • Payment for alternative accommodation
  • Payment of legal liabilities of third parties

 

 HOMESTEAD INSURANCE

The homestead is designed to cover the house and contents against fire / specified perils as well as theft. It also covers the life of the house owner against accidental death / permanent disability for N1, 000,000.00 if the building’s sum insured is above N10, 000,000.00.

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