Oluwamarc:
Insurance didn’t cover Lagos buses burnt during #EndSARS – Sanwo-Olu



https://punchng.com/insurance-didnt-cover-lagos-buses-burnt-during-endsars-sanwo-olu/

helinues:
No No No

That's clearly rubbish.. Why would a state acquired such number of buses without insuring them..

So you want to buy new buses that won't be insured...

Abegiii

StaffofOrayan:


No thank you for the information?
You almost seem sad to learn something new!!!

The governor noted that the inter-city rail network being constructed by the Federal Government inspired the intra-city project in Lagos.

He said, “For us, it is to seize the opportunity, build the rail infrastructure, go line-in-line with the NRC in some places; we need to build our terminals and sidelines; we need to have a joint communication strategy with them and we need to build overpasses such that we can have intra-city network from Oyingbo to Ebute Meta to Yaba to Jibowu to Mushin to Ikeja to Agege to Ijaiye and finally to Agbado.

“So, while the Federal Government is taking people out of Lagos to other parts of the country, we are keeping our own traffic that is internal to Lagos.”

helinues:


How did you arrive at the insurer company wont pay cos the destruction was caused by rioting...

Bossil:


So what does insurance cover?

Bossil:


So what does insurance cover?

helinues:
No No No

That's clearly rubbish.. Why would a state acquired such number of buses without insuring them..

So you want to buy new buses that won't be insured...

Abegiii

Bossil:


So what does insurance cover?

blamingthedevil:


See a smart hardworking Governor

God Bless Gov. Sanwo-Olu
God Bless President Buhari
God Bless Lagos State
God Bless Federal Republic of Nigeria
Unfortunately I think and believe God will punish buhari












God punish wailers, EndSars Hoodlums, children of 8 and their father PDP

KingKingKing:


Did u read it piece? Nawa for u o... The buses were insured but insurance does not cover for riot and natural disasters

DelTel:




Do you know what SRCC is?

Pls don't dabble into what you don't know.

basork:


Is simple the government had a cover without SRCC EXTENSION

DelTel:


If you stay in Lagos, you will understand Insurance has been paying under SRCC whenever agberos, soldiers, miscreants, aggrieved motorists, arsonists etc attack and damage the bus.

DelTel:


If you stay in Lagos, you will understand Insurance has been paying under SRCC whenever agberos, soldiers, miscreants, aggrieved motorists, arsonists etc attack and damage the bus.

Bossil:


So what does insurance cover?

adedayourt:


For better understanding . . .

Even the Governor misled the public when he said Insurance did not cover the vehicle 100%. Insurance policy will cover you 100% as long as it is a Comprehensive insurance policy.

Now there are clauses that could be added to the comprehensive policy that would cover cases like the endsars damages. This is called EBB & SRCC (Strike Riot & Civil Commotion Clause)

With this clause included in your comprehensive insurance policy, insurance will pay claim in the event that your property gets damaged in cases like endsars.

What the governor ought to have said was that the clause was not included in the policy covering the buses, hence they cannot make claims from insurance.


The financial difference is just like 0.5%. i.e Where you pay premium of for a comprehensive policy of 3%, for you to include SRCC in your policy, insurance would charge you 3.5%.


Leave me a mention if anything is not clear