Why should I upgrade to comprehensive motor insurance?

With comprehensive motor insurance, you can claim from your insurer for all unexpected accidents that are deemed to be your fault. It also applies when fault can’t be proven, e.g. if you return to your car after shopping to find that someone has hit you and driven off.

Without comprehensive insurance cover, you risk having to spend for repairs yourself. Worse still, if your car is written off you’ll have to pay for a brand-new car. A comprehensive policy gives you that added level of protection and peace of mind that you won’t necessarily have should you need to pay for expensive repairs.

What does comprehensive insurance really cover?

The cover or benefits offered by comprehensive motor insurance which is a lot more embracing include:
Loss of or damage to your vehicle as a result of accident
Loss or damage to your vehicle resulting from Fire
Loss or damage to your vehicle resulting from Fire
Loss or damage to your vehicle due to theft
Damage done by your vehicle to another up to N1,000,000
Damage to Third Party property by your vehicle up to N1,000,000
Damage to Third parties by your vehicle which caused bodily injury and death is Unlimited
Medical expenses to you or your driver or any occupant of your vehicle to the tune of N10,000
Passenger Liability (N75,000 per person and a maximum of N300,000 per vehicle)
Damage resulting from Riot, Strike and Civil Commotion (SRCC)
Towing Limit up to N10,000

Where does comprehensive insurance fall short?

Despite its name, comprehensive insurance policy cover in itself is a standard cover that can be enhanced with certain policy extras to meet your needs at additional charges. Here are a few of those policy extras or add-ons:

Excess buyback
Many insurers use the excess proportion to make the vehicle owner conscious to try and prevent losses by making the insured bear part of the claims arising from such accidents. You can buy off this excess at the inception of the cover at an additional charge.

Courtesy car
Many insurers let you use another car while yours is being repaired, but not all of them. It’s also worth noting that courtesy cars usually aren’t provided if your car is written off. This policy extra is at an additional charge.
It’s always best to check the policy details before you buy – don’t assume that you’ll be entitled to all the bells and whistles.

Source: https://chiplc.com/