AUTO INSURANCE IN NIGERIA

AUTO INSURANCE IN NIGERIA
Insurance policies that are issued to motorists are meant to protect against bodily injuries, vehicle damage for the people involve in case of any accident but in Nigeria at present this is not the case. This is because the insurance policy carried by most motorists in the country which is the Third party insurance is fake.
Most motorists don’t know the genuiness of their insurance document and how well it can sever them in times of need. The law enforcement agents insist on the seeing this insurance certificate at check point or when they are on a stop- and-search routine check are as ignorant as the motorists who presenting the worthless paper to them as their insurance policy and this have giving touts room to prey on innocent motorists. They issue fake third party insurance policies for N1, 000 while the real value of genuine third party insurance policies is N5, 000 which only registered insurance companies can issue.
Third party insurance means that a holder of the policy certificate involves in an accident caused by his or her vehicle will refer the victims to the insurance company were necessary payment will be paid for the loss. But what you see at accident scenes is people arguing, fighting and claiming rights which results to death some times. This would if there was a proper third party insurance policy in place.