Benaig: It beats my imagination why most car owners prefer the ordinary piece of paper that does not provide any cover (obtained from licencing offices) to the genuine third party insurance that costs N5000 only and protects them for up to N1million in third party liabilities (from registered insurance companies)

Often they argue that insurance companies do not pay claims, whereas they have not experience such on their own.

The are also oblivious of the several avenues for complaints set up by insurance industry bodies like NAICOM and NIA to address complaints against insurance companies.

T-smooth:
Mtcheew! which stupid car insurance?...

kokoye: pennywise pound foolish or better still...kobowise; naira foolish

If you have been in a crash, noone will beg you before you get a real insurance

Dis Guy:

ever been to lagos? theres a crash every minute and people still dont get insurance, they just hold everyone up negotiating price of repair.... there must be a reason

T-smooth:
Mtcheew! which stupid car insurance?...

Fhemmmy:

Are you serious?
I am told that the insurance coy are not paying up . . . .

Dis Guy:

ever been to lagos? theres a crash every minute and people still dont get insurance, they just hold everyone up negotiating price of repair.... there must be a reason

thousands of crash in Lagos, theres must be something putting people off, seemingly educated comfortably people
with 'expensive' cars ; I still wonder why they are more likely to buy a tracking device but wont get insurance

Dis Guy:

same here, lengthy paper work and plenty of oyinbo

Benaig:

Which people are not getting insurance claims paid? I have a friend who paid N40,000 for comprehensive insurance and has been paid claims for two separate accidents within the last six months of starting the policy - the two payments made within two weeks of the accidents- and his policy has not expired.

Want his number to confirm? He runs a furniture factory at Okota.

Dis Guy:

ever been to lagos? theres a crash every minute and people still dont get insurance, they just hold everyone up negotiating price of repair.... there must be a reason

otokx: Those 3rd party insurance papers are only useful in keeping you from the wiles of the policeman and maybe FRSC. In the case of an accident you will have to bear the cost especially when you are at fault.

Fhemmmy:

Are you serious?
I am told that the insurance coy are not paying up . . . .

Benaig:

It is only the fake third party papers that you cannot claim with. Go to a registered insurance company and tell us which one will fail to pay your claim for third party liability even when you are at fault.

It is to protect you even when you are at fault against third parties

otokx: Those 3rd party insurance papers are only useful in keeping you from the wiles of the policeman and maybe FRSC. In the case of an accident you will have to bear the cost especially when you are at fault.

Benaig:

WHO told you? which type of policy was involved and which insurance company?

Dis Guy:

ever been to lagos? theres a crash every minute and people still dont get insurance, they just hold everyone up negotiating price of repair.... there must be a reason

thousands of crash in Lagos, theres must be something putting people off, seemingly educated comfortably people
with 'expensive' cars ; I still wonder why they are more likely to buy a tracking device but wont get insurance

otokx: @benaig

if you are representing an insurance company and want to sell your product let us know so that we may patronize your products if we are interested.

hardbody:

I am very careful not to hit you, but if i am in the wrong, i sign off papers for you and give you my insurance particulars, you sort it out with them, they will fix you up and fix me too, because i carry comprehensive insurance on all my cars.

otokx: @benaig

if you are representing an insurance company and want to sell your product let us know so that we may patronize your products if we are interested.

Dis Guy:

I know how insurance is meant to work...Im just asking if you hit lukman the danfo driver, will he actually take this from paper from you without causing a scene and holding everybody up on the main road

Dis Guy:

you keep asking this question....why do YOU THINK MANY CAR OWNERS ignore insurance

blank: I insured with Insurance PHB (Comprehensive insurance). I had two separate accidents. When it came to time to pay, come and see negotiation. They paid less than 10% of the cost to fix the car and not even up to the premium I paid. This was after more than 2 months.

Now, I just do 3rd party and don't bother with any yeye insurance coy cos I no get strength for their back and forth and lies upon lies.

Dis Guy:

word of mouth is a powerful tool, customer generally recommend good service/products

there are several avenues set up by NEPA/PHCN for complaints i wonder how effective those are...

I'd like to know the answer too