Linkage Automobile Insurance:
It provides cover for loss or damage resulting from ownership and use of all forms of automobile vehicles licensed to operate on Nigerian public road or highway as well as the associated third party bodily injury and property damage liabilities. The types of Cover available include:
Third Party Insurance Cover: this is the minimum compulsory motor insurance cover obtainable by law. It insures against potential legal liabilities to third parties (road users, passersby and other members of the public) for bodily injuries, death and damage to property resulting from the ownership and use of licensed motor vehicles on Nigerian roads. Also, it covers legal costs incurred in relation to the legal liabilities with the insurer’s consent.
Third Party, Fire & Theft Insurance Cover: insures similar risk as highlighted under Third Party Insurance Cover, including loss of or damage to the policy owner’s vehicle and/or accessories on the vehicle as a result of fire, external explosion, self-ignition or lightning, burglary, housebreaking or theft.
Comprehensive Insurance cover: the widest cover which insures against the risk of loss of or damage to policy owner’s insured vehicle and the accessories on it caused by accidental collision or overturning, fire, external explosion, self-ignition or lightning, burglary, housebreaking or theft, and malicious acts, including legal liabilities to third parties (road users, passersby and other members of the public) for bodily injuries, death and damage to property.