First and foremost, you should be aware of the type of insurance that covers a stolen vehicle, which is comprehensive auto insurance companies. In Nigeria, this type of insurance is neither common nor required. It’s also not the same as third-party insurance. When you have comprehensive auto insurance, it covers the cost of your car if it is stolen or damaged. In essence, the insurance company pays for third-party coverage, bodily injury, and legal liability for the death.
Now it’s time to look into auto insurance firms that offer comprehensive coverage. They are as follows:
1. AXA Mansard Car Insurance
Axa Mansard offers a variety of automobile insurance options. Their plans include the following:
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AutoFlex
This is a customized and flexible motor coverage that they offer to clients in order to assist them save a lot of money on their insurance costs.
Flood and other extras are covered under this insurance package. It contains
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AutoGo
This plan allows you to purchase third-party motor insurance and receive your certificate immediately.
Third-party property damage, third-party physical injury, theft, fire damage to the insured vehicle, accidental damage, free vehicle tracker, and many other things are covered by the three different auto insurance policies.
2. AIICO Car Insurance
AIICO Insurance offers coverage for a variety of vehicles, both personal and commercial. Motorcycles and tricycles are included in their vehicle insurance plan. The following people are covered by AIICO’s auto insurance:
- Private Vehicle Owners.
- Multiple Family Owners.
- Taxi Owners.
- Bus Owners.
- Delivery Vehicles.
- Commercial Fleets.
3. Leadway Car Insurance
Leadway’s comprehensive vehicle insurance protects your insured car from loss or damage as a consequence of an accident or technical failure.
4. Industrial And General Car Insurance (IGI)
IGI is a motor vehicle insurance company that provides coverage for the following:
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Third-Party Only
This only covers unlimited indemnity for third-party legal liability for death or bodily harm, legal costs involved in defending a damages action, liabilities arising from accidents on third-party property damage, and so forth.
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Third-Party Fire & Theft
This car insurance policy includes third-party liability coverage as well as coverage for fire and theft risks.
Accidental damage to the expressly insured vehicle is covered under a comprehensive policy.
5. Custodian And Allied Car Insurance
The Custodian Motor Insurance Policy covers your car, truck, trailer, or motorcycle, depending on the type of motor insurance you select.
Their auto insurance coverage cover the following:
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Comprehensive Insurance Cover
Accidental damage, fire, and theft, accidental damage to a third-property, party’s and death or bodily injury to a third-party are all covered by comprehensive insurance.
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Third-Party Fire and Theft Insurance
This covers only unintentional damage to a third-vehicle, party’s as well as death or bodily injury to the third-party.
After a car theft, how much insurance will insurance companies help you with?
If your stolen car is not recovered, your insurance company will pay you a sum equivalent to its monetary value. In this type of situation, only individuals with a comprehensive automobile insurance policy are covered. Your insurer will not pay anything if you do not have comprehensive car insurance.
Source: Nyscinfo