erico2k2:

We do not have the proper legislation for insurance.how do U insure a taxi that has a value of 300k

Talk to an insurance broker .

It is still based on percentage. 3.5 - 7.5 % of the car cost max.

No need for legislation, I insure my car with u, there is accident or theft, u do the needful. Fix or replace.

AntiWailer:


This is pure ignorance.

INSURANCE is for ur benefit.


If u insure your 1500000 million car at 3.5 - 5%.

If u have a serious accident, they can pay up to 600k fixing ur car.

Don't quote me if u'r not from Nigeria!
Which benefits?
The insurance companies hv bribed the senate to move thier ministry to the permanent site! And that is it!!!

mccoy47:



Don't quote me if u'r not from Nigeria!
Which benefits?
The insurance companies hv bribed the senate to move thier ministry to the permanent site! And that is it!!!

I am in Nigeria and I have cars insured over the years and I have claimed hundreds of thousands of Naira in benefits to fix the cars over years.


I am aware of a brand new car they fixed for 750k after the guy had an accident

So if u dnt know about it, just keep quiet and learn instead of spreading your ignorance like cancer.

AntiWailer:


I am in Nigeria and I have cars insured over the years and I have claimed hundreds of thousands of Naira in benefits to fix the cars over years.


I am aware of a brand new car they fixed for 750k after the guy had an accident

So if u dnt know about it, just keep quiet and learn instead of spreading your ignorance like cancer.

What if I choose to fix it myself? How is that anybody's business?
And how many times have u seen insurance companies live up to their responsibility? If not looking for technicalities here and there to void your claim!
Common you are a Nigerian na. You are supposed to be smart!!!

mccoy47:


What if I choose to fix it myself? How is that anybody's business?
And how many times have u seen insurance companies live up to their responsibility? If not looking for technicalities here and there to void your claim!
Common you are a Nigerian na. You are supposed to be smart!!!

You are still not making any sense.

Go and read about insurance and stop wasting my time.

When they steal ur car too, just buy another one instead of the cover.

People like u are the ones that lie on the road wen u break someone's rear light.

I av insured for years and all ur mentality belongs to the dungeon.


The last accident I had, airbag came out because of the impact. I came out like a boss, picked my laptop and called the mech to come tow the car.

MANSARD fixed it for hundreds of thousands. I know u av money to pay such too (liar).


You wonder why u hardly see anybody rolling on the floor when his brand new car gets serious bash? The secret is his insurance.

Use a credible insurance company and stop defending ur pathetic believe.

AntiWailer:


You are still not making any sense.

Go and read about insurance and stop wasting my time.

When they steal ur car too, just buy another one instead of the cover.

People like u are the ones that lie on the road wen u break someone's rear light.

I av insured for years and all ur mentality belongs to the dungeon.


The last accident I had, airbag came out because of the impact. I came out like a boss, picked my laptop and called the mech to come tow the car.

MANSARD fixed it for hundreds of thousands. I know u av money to pay such too (liar).


You wonder why u hardly see anybody rolling on the floor when his brand new car gets serious bash? The secret is his insurance.

Use a credible insurance company and stop defending ur pathetic believe.

Yawns! So you rich. #Cool story!


Quick question
How much have u spent on premiums?

AntiWailer:


You are still not making any sense.

Go and read about insurance and stop wasting my time.

When they steal ur car too, just buy another one instead of the cover.

People like u are the ones that lie on the road wen u break someone's rear light.

I av insured for years and all ur mentality belongs to the dungeon.


The last accident I had, airbag came out because of the impact. I came out like a boss, picked my laptop and called the mech to come tow the car.

MANSARD fixed it for hundreds of thousands. I know u av money to pay such too (liar).


You wonder why u hardly see anybody rolling on the floor when his brand new car gets serious bash? The secret is his insurance.

Use a credible insurance company and stop defending ur pathetic believe.

Don't mind the pathetic dumbo! People like him have so littered nairaland, it's almost become a website for dumb Nigerians! Only if I had a better source for Nigerian news and intelligent discourse!!

mccoy47:


Yawns! So you rich. #Cool story!


Quick question
How much have u spent on premiums?

How can you not be remorse for being soo dumbb!!! Fucksake stop littering the thread with a garbage of stu.pidity!!!!

AntiWailer:



Bros this is a lie. People like you are one of the major problems we have in Nigeria. You LIE with confidence.

I av never had any issue with any insurance before.

Fill ur claim, attached every necessary document and they pay.

To say insurance is 30% is another ignoramus lie.

Insurance is not up to 5% and the benefit out weights the amount.

On a 150k insurance, they av fixed my car for 480k before.

It is ignorance that is killing those carrying fake insurance papers about.

I have a friend whose car was stolen TWICE and TWICE the car was replaced.

he works in the insurance company? Your friend is merely a 1 in a 1,000,000 case scenario. If it works people will venture into it,simple as that

nedu2000:
It's very expensive doing a proper insurance cover,maybe even 30% of how much the car is worth!...and in all sincerity insurance companies in nigeria,registered or not don't give you adequate benefits when losses,accidents happen,it'll result in long court cases.
Ebano fire incident in lekki is a typical example

please get your facts ryt,dont just post cos its NL 30% are you ok ......................insurance companies in nigeria mostly do 5% of the cars worth........

nedu2000:
he works in the insurance company? Your friend is merely a 1 in a 1,000,000 case scenario. If it works people will venture into it,simple as that

No he does not.

And it is not 1 in 1,000,000 case. Use a good insurance coy.

It depends on the people u av around u and their mentality.

Lies like the one u spoke earlier is one of the major reasons people will not insure and the major factor is simply ignorance.

Au will I go near insurance when I already read on nairaland that it is 30% as against the 3.5 - 5 % actual cost.

austinvsb1:


How can you not be remorse for being soo dumbb!!! Fucksake stop littering the thread with a garbage of stu.pidity!!!!

oh. And u r d smart one ryt.


Sorry dude I don't exchanged texts with retaŕds!
Ok now bye!

charlzcavanni101:


please get your facts ryt,dont just post cos its NL 30% are you ok ......................insurance companies in nigeria mostly do 5% of the cars worth........

I taya oooo.

Even mansard can go as low as 3.5% if u bargain well.

I hope the mods will someday start deleting ignorant posts because people rely on Nairaland for info.

At times when u Google, the first set of result are nairaland posts.

nedu2000:
It's very expensive doing a proper insurance cover,maybe even 30% of how much the car is worth!...and in all sincerity insurance companies in nigeria,registered or not don't give you adequate benefits when losses,accidents happen,it'll result in long court cases.
Ebano fire incident in lekki is a typical example

please get your facts ryt,dont just post cos its NL 30% are you ok ......................insurance companies in nigeria mostly do 5% of the cars worth........[color=#006600][/color]

Check you car insurance authenticity:
www.askniid.org

nedu2000:
It's very expensive doing a proper insurance cover,maybe even 30% of how much the car is worth!...and in all sincerity insurance companies in nigeria,registered or not don't give you adequate benefits when losses,accidents happen,it'll result in long court cases.
Ebano fire incident in lekki is a typical example

30% the value of the Car? that's not true....you pay less than 5%. you can't under-insure and expect full payment when claim occurs.

Fake insurance papers/ cover issued by the government.

AntiWailer:


This is pure ignorance.

INSURANCE is for ur benefit.


If u insure your 1.5 million car at 3.5 - 5%.

If u have a serious accident, they can pay up to 600k fixing ur car.

Interesting... But how long will the whole process take?

AntiWailer:


Talk to an insurance broker .

It is still based on percentage. 3.5 - 7.5 % of the car cost max.

No need for legislation, I insure my car with u, there is accident or theft, u do the needful. Fix or replace.

Tell me.how does the insurer reclaims thi'er money from the 3rd party without insurance

AntiWailer:


This is pure ignorance.

INSURANCE is for ur benefit.


If u insure your 1.5 million car at 3.5 - 5%.

If u have a serious accident, they can pay up to 600k fixing ur car.

Let's assume you are hit by a non insured motorist, how do the insurance company get thier money?

erico2k2:

Let's assume you are hit by a non insured motorist, how do the insurance company get thier money?

U av no business with the non insured motorist.

Fill ur claim form and your insurance fix ur car.

How they get their money is non of your business.

loomer:
When e reach money issue we go get senate.

Useless people

na dem say may you no like moni ne?

erico2k2:

Tell me.how does the insurer reclaims thi'er money from the 3rd party without insurance

It is their business.


I fill my claim form intelligently. I can even claim the guy hit me and ran away.

How they reclaim money is non of my business. They fix my car and I move on.

The topic begs the question.

How many of you in this forum have actually received compensation from your insurance company for damages to and loss of your vehicles.

I want a honest answer, members working for insurances companies pls dont respond.

We dash the insurance companies a minimum of N5,000= every year for nothing.

AntiWailer:


U av no business with the non insured motorist.

Fill ur claim form and your insurance fix ur car.

How they get their money is non of your business.

This is where I said we require good legislation.
Check how insurance is meant to work in developed country whom we are copying from

AntiWailer:


It is their business.


I fill my claim form intelligently. I can even claim the guy hit me and ran away.

How they reclaim money is non of my business. They fix my car and I move on.

How about if your car gets stollen?
Would they get you a new car of equal value?
How much premium would you need to pay to guarantee that assuming you ja e a Toyota highlander 2016 model

mikolo80:
na dem say may you no like moni ne?

Abi na u get ur mouth?

erico2k2:

How about if your car gets stollen?
Would they get you a new car of equal value?
How much premium would you need to pay to guarantee that assuming you ja e a Toyota highlander 2016 model

Your insurance premium that you will pay is between 3.5 - 5% of the value you placed on the car.

and yes, you will be given the equal value of your car less some small percentage.

lets say like 90-95% of the value of your car. the percentage off it can as a result of some minor deductions or charges.

Talk to an insurance broker.

erico2k2:

This is where I said we require good legislation.
Check how insurance is meant to work in developed country whom we are copying from

What exactly is ur business with legislation ?

You insure your car, some one hit you, they fix it.

Wetin concern your Agbero with overload of how insurance get their money back ?

It is like saying, i will not do business with any bank until there is good legistlation ?

I ask once again, "What is your conzign ?" in falz voice.

rapidclaro:
Ways to milk the citizens... When it's not like the money would be used for the right thing.... Abeg who insurance epp?

May be not you, but it has helped those who arranged genuine Policies and later suffered a loss.

AntiWailer:


What exactly is ur business with legislation ?

You insure your car, some one hit you, they fix it.

Wetin concern your Agbero with overload of how insurance get their money back ?

It is like saying, i will not do business with any bank until there is good legistlation ?

I ask once again, "What is your conzign ?" in falz voice.

Listen, the people we copy these policies for do it a a certain way, Insurance is backed by law hence if you are caught with no insurance your vehicle get seized straightaway.

AntiWailer:


Your insurance premium that you will pay is between 3.5 - 5% of the value you placed on the car.

and yes, you will be given the equal value of your car less some small percentage.

lets say like 90-95% of the value of your car. the percentage off it can as a result of some minor deductions or charges.

Talk to an insurance broker.

let me go with your calculation let me work on %5,assuming your car cost N1M,then your premium would be N50k divide by 12 =N4k
Now that's if for a camry 2000 model
lets assume you have toyota highlander 2005 valued @ N3M so that takes it to N12K monthly.
Does anybody pay u p to this amount, how much is your own premium, lets work with your figures.