Pls Nairalanders I need clarifications on the use of motor vehicle insurance, hence I've never heard of an insurance company taking the loss on the event of a the accurance of either theft, accident, damage etc of the vehicle with the motor vehicle insurance of its registration number. If that type of insurance cannot insure a vehicle then what is the use in a motor vehicle documents... And where is the Money going to? 5k is jaw dropping amount for every private car in Naija every year...? Pls I need to know........... Thanks