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What are the 3 types of car insurance?
Under Nigerian Law, every motor vehicle on the road must be insured against damage to the property of third parties. That is why every vehicle on Nigerian roads must have 'Third Party Insurance'. Note that 'motor vehicle' in this sense includes motorcycles (okada) and tricycles (Keke Napep).
Is car insurance mandatory in Nigeria?
It's required that you purchase insurance coverage to drive legally in Nigeria. Motor insurance can be divided into two basic coverage areas: liability and property damage. You can buy Autoclassic car insurance or a 3rd party car insurance.
What are the two types of vehicle insurance in Nigeria?
Comprehensive Cover – covers against Accidental Damage to insured vehicle, Fire, Theft, Accidental damage to the Third Party's vehicle, Accidental Damage to property of the Third Party, Death or bodily injury to the Third Party.