₦airaland Forum

capetownboyz:
Island traffic is something else today .. all my body just de pain me 😫…pushed myself a little harder today , started trip from 11am _7pm on inDrive ..Omo this work no easy ..20k fuel by the way .

20k fuel for 130km... Which car? CNG? Was your AC on all through? It appears the trips were long distance ones judging by your dashboard

tobby98:
Resumed fully back today after a while away. I guess they've increased fare a bit coz it is a bit improvement from what it used to be but it is not enough, fuel is not cheap. Another factor could be the weather that increased price a bit. God help us


Started from 12 and closed by 6pm. This was achieved with 20k fuel. 20k usually gross 60k minimum before now it barely does 50k.

20k fuel for about 70km drive. Is it with AC on or not... I'll like to confirm if this is the average fuel consumption rate for every cars or some cars are able to cover more distance than this

Gentlelife50:
How strong is the engine?
Has it been worked on?
Like changing of gaskets or ringing it?
Engine weakness can cause this too, is it the same in the morning and evening when the wether is not too hot?
Did you convert to CNG?

Engine has not been tampered with, it's the same as long as the AC is on.

Eazilyfe:
Did you just noticed this behaviour?

Is your car using the right OEM compressor made for the car model?

If yes, you might also be experiencing slow cooling at idle on hot afternoon.

Symptoms are that when u reach Traffic light the pressure from compressor to Condenser builds up and makes the compressor hard to turn, so when you intend to resume acceleration this would also affect cause engine has to work hard to roll the compressor from idle.

Thank you. I recently just begin to notice it. The compressor is a tokunbo but been using same since about a year now. What is the most common cause of this?

My car struggle to accelerate mostly when my AC is on. Mostimes when i slow down, and i attempt to accelerate again, there is a kind of lagging when i accelerate unless i press the throttle very hard. All of these happen mostly when the AC is on. When it's not on, the acceleration is fine, it doesn't struggle to work...
Car is Honda civic 08 model, any possible solution??

cyif2003:
Na u go accept am naa

I mean it should not even be acceptable on the app

Indrive has crazy ridiculous prices...mhen!!!...Trip of almost 10km accepting for 2700.

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OGs in da house, can you advise which routes one need to avoid due to one reason or the other for the safety of other drivers?
Also it would be good to recommend or update with alternative routes where necessary. Thanks 👍

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Still awaiting buyer for this

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Price: N4.5m last price
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Price: N4.5m last price
Space vehicle in a good and great condition.

Call +2348104591211

Fastest finger...Dodge Caravan 2007 for sale
Price: N4.5m last price
Space vehicle in a good and great condition.

Call +2348104591211

Good evening,

Please I'll like to register for LASRRA around Surulere. Does anyone have the contact number of any of the representatives? Also what time do they close?

How many kilometres on the average should a honda civic 08 drive with pms of 20k at 865/litre?

sunnymighty:
search for the monicker QuickTyreNg on this platform.

Thank you, I'll confirm. I hope they're of good quality

Please can anyone recommend a good and reliable trustworthy car tyre vendor in Lagos. Also what's your take on getting tokunbo tyres compared to buying a new one? Kindly advise...

Hello everyone.

Please can anyone recommend a good and reliable trustworthy car tyre vendor in Lagos. Also what's your take on getting tokunbo tyres compared to buying a new one? Kindly advise...

Thank you for following this guide...

In today's episode, I'll be highlighting another important compulsory insurance...Builders’ Liability Insurance

In Nigeria, we hear of building collapses all too often. A structure that should stand for decades suddenly crumbles—sometimes during construction, sometimes years later. When this happens, it’s not just bricks and mortar that go down; lives are lost, properties are damaged, and lawsuits start flying everywhere.

What many people don’t realize is that there’s a law (Section 64, Insurance Act 2003) in Nigeria that requires all building owners, developers, and contractors to have insurance against such disasters. It’s called Builders’ Liability Insurance, and if you’re involved in any form of construction, you need to pay attention to this.

What is Builders’ Liability Insurance?
It is a compulsory insurance that covers construction projects against risks like building collapse, property damage, injury, or death caused by structural failure.

Whether you’re constructing a residential, commercial, or industrial building, this insurance ensures that:
✅ If the building collapses, affected third parties (people or property) are compensated.
✅ If an accident happens during or after construction, victims are not left stranded.
✅ You, as the builder, are financially protected from lawsuits and massive compensation claims.

Who Should Have Builders’ Liability Insurance?
🔹 Building Owners – If you’re constructing a new building (especially one higher than two floors), you are required by law to take this policy.
🔹 Real Estate Developers – If you own a housing estate, mall, hotel, or high-rise project, you must get this coverage.
🔹 Contractors & Engineers – If you’re handling a construction project, insurance is part of your professional responsibility.
🔹 Government & Corporate Developers – Any large-scale government or private project must have this insurance in place.

Why is Builders’ Liability Insurance Important?
1. Protection Against Building Collapse
If a building under construction collapses and injures or kills workers, passersby, or tenants, this insurance provides compensation to the victims or their families.

Example:
An unfinished 4-story shopping mall in Abuja suddenly collapses, injuring construction workers and damaging nearby parked cars. The insurance covers the hospital bills, death benefits, and repair costs for affected third parties.

2. Financial Cover for Property Damage
If construction work damages another building or property nearby, this policy ensures the affected party is compensated.

Example:
A contractor is drilling the foundation of a new residential estate in Lagos, and vibrations cause cracks in the walls of a neighboring house. Instead of paying from their own pocket, the builder’s insurance covers the repair costs.

3. Compensation for Injuries & Deaths
If anyone is injured or killed due to construction faults, this insurance pays hospital bills, disability benefits, or death benefits to affected families.

Example:
During roofing installation, a metal sheet falls and injures a pedestrian. The insurance covers their medical expenses and possible legal claims.

Legal Compliance & Avoiding Penalties
Failure to have Builders’ Liability Insurance can lead to:
🚨 Heavy litigation fines.
🚨 Project approval being denied.
🚨 Legal action from regulatory bodies.

The government enforces this policy, and any building higher than two floors without proof of insurance is violating the law

What to Look Out for When Purchasing Builders’ Liability Insurance
When getting this insurance, don’t just buy blindly. Here are few things to look out for:

🔹 Coverage Limits – Ensure the insurance covers not just the building but also third parties (workers, passersby, nearby properties).
🔹 Scope of Risks Covered – Confirm it covers building collapse, accidental damage, and injury compensation.
🔹 Insurer’s Reputation – Go for a company known for quick and reliable claim settlements.

How is a Claim Processed?
If an accident, collapse, or injury happens:

1️⃣ Notify your insurer immediately.
2️⃣ Provide a report (police report, engineer’s report, etc.).
3️⃣ Insurer/Insurance company assesses the damage.
4️⃣ Compensation is paid to affected parties.

The quicker you report, the faster your claim is processed

So, before your next construction project begins, make sure you have this insurance in place. Because in the end, it’s better to be safe than sorry.

Do you have a construction project coming up? Get covered today!

Need a free guide? Contact +2348104591211

Hopez456:
@tipsy242 great job you've done here. Kindly do a run down of life insurance policies in Nigeria. Thanks!

Thank you for the compliment... i'll do same in due time

Welcome to the Ultimate Guide on Insurance in Nigeria

Insurance is like an invisible safety net—often overlooked but absolutely essential when life throws the unexpected at you. Whether it’s protecting your car, home, business, or even your loved ones, insurance provides financial security and peace of mind. But here’s the thing: many people still see insurance as complicated, unnecessary, or just another expense. This page is here to change that.

We’re on a mission to break down insurance in the simplest way possible—no jargon, no complex terms—just easy-to-understand insights that make you see why insurance isn’t just important but absolutely essential. By the time you finish reading each post, you’ll not only understand insurance but might even find yourself considering one that fits your needs.

Let’s Start with the Compulsory Insurances in Nigeria

In Nigeria, some types of insurance are not optional—they are legally required to protect individuals, businesses, and the general public. Here are the key ones:

Motor Third-Party Insurance – If you drive a car in Nigeria, this insurance is a must. It covers damage or injury caused to other people, their vehicles, or property. Without it, you risk heavy fines or even legal action.

Group Life Insurance – Every employer with at least three employees is required to provide life insurance for their workers under the Pension Reform Act. This ensures employees' families get financial support if something happens to them.

Builders’ Liability Insurance – If you're constructing a building with more than two floors, you need this insurance. It protects against collapse risks and covers third-party injuries or property damage during construction.

Occupiers’ Liability Insurance – This applies to public buildings, including offices, malls, and hotels. It covers visitors in case of accidents within the premises, ensuring businesses take responsibility for safety.

Health Care Professional Indemnity Insurance – Medical practitioners must have this insurance to cover risks related to professional errors or negligence, ensuring patients get fair compensation in case of malpractice.

Each of these compulsory insurances plays a crucial role in keeping people, businesses, and assets protected. Yet, many Nigerians either don’t know about them or choose to ignore them—until trouble comes knocking. But why wait for trouble when you can get covered today?

Stay tuned as we break down different types of insurance, their benefits, and why you should consider getting one. Whether you’re a business owner, employee, driver, or just someone looking to secure the future, there’s something here for you.

Are you currently insured? If not, now might be the best time to start...

Thank you for following this guide...

Today, we'll be highlighting on a very important and another compulsory insurance... MOTOR INSURANCE

What You Need to Know Before You Hit the Road:

If you own a car in Nigeria, you’ve probably heard someone say, “Make sure you have your insurance o, before police wahala go start.” But beyond just avoiding trouble with the authorities, motor insurance is one of the smartest financial protections you can have on the road.

Why? Because accidents happen every day. Even the most careful driver can be hit by a reckless danfo driver, a speeding keke, or a trailer with bad brakes. When that happens, you’ll either:

✅ Pay for the damage out of pocket (which can be ridiculously expensive), or
✅ Let your insurance company handle it (which is why insurance exists in the first place).

Now, let’s break it all down.

Two Types of Motor Insurance in Nigeria: Which One Do You Have?
There are two major types of motor insurance in Nigeria:

1. Third-Party Motor Insurance (The Minimum Required by Law)
This is the most basic and compulsory insurance required for all vehicles on Nigerian roads. Without it, the police, FRSC, or VIO can stop and penalize you.

What does it cover?
✅ It pays for damages you cause to other people’s cars, property, or injuries in an accident.
❌ It does NOT cover your car. If your car is damaged, you’re on your own.

Example Scenario:
Adebayo, a Bolt driver, is rushing to meet a customer when he accidentally bumps into a brand-new Toyota Prado at a traffic light. The Prado owner steps out, furious. The cost to fix his bumper? ₦700,000.

Luckily, Adebayo has valid Third-Party Motor Insurance. Instead of selling his car to pay for damages, his insurance company handles the bill. He breathes a sigh of relief.

How much does Third-Party Insurance cost?
As of 2023, the NAICOM-approved rate for private cars is ₦15,000 per year. For commercial vehicles, it’s higher.

Enforcement by the Police
If the police stop you and ask for your insurance, you need to provide a valid certificate. These days, officers can even check your insurance status using the NIID (Nigerian Insurance Industry Database) to confirm if it’s real.

What happens if you don’t have it?
🚨 You risk paying a fine.
🚨 Your vehicle could be impounded.
🚨 In an accident, you’ll pay for damages out of pocket.

So, if you don’t have at least Third-Party Insurance, you’re literally playing with fire.

2. Comprehensive Motor Insurance (The Smartest Choice for Car Owners)
While third-party insurance covers damage to others, comprehensive insurance covers everything—including your own car.

What does it cover?
✅ Damage to your own vehicle (even if you’re at fault).
✅ Damage to other people’s vehicles and property.
✅ Theft of your car.
✅ Fire damage.
✅ Accidental damage.
✅ Some policies even offer personal accident cover for medical expenses!

Example Scenario:
Tosin just bought a Lexus RX350. One night, armed robbers attack him and steal his car. Without insurance, his ₦15 million investment is gone forever. But because he has Comprehensive Motor Insurance, his insurer reimburses him for the loss.

A few months later, he buys another car—this time, he doesn’t joke with his insurance.

How much does Comprehensive Insurance cost?
Unlike Third-Party Insurance, Comprehensive Insurance is not a fixed price. The cost depends on the value of your car and the insurance company.

Generally, the premium is around 3% to 5% of your car’s value per year. So, if your car is worth ₦5 million, your annual premium could be between ₦150,000 and ₦250,000.

Why is it worth it?
One accident, theft, or major damage can cost you millions. Instead of taking that risk, why not let insurance handle it?

How to Lodge a Claim if Something Happens
If your insured vehicle is involved in an accident or stolen, follow these steps to file a claim:

Report to your insurer immediately – Call or email your insurance company to inform them of the incident.
Gather evidence – Take clear photos of the damage, the accident scene, and any third-party involvement.
Get a police report – If your car is stolen or seriously damaged, you’ll need a police report.
Fill out a claims form – Your insurer will provide a form to document the incident.
Assessment and approval – The insurance company will assess the claim, approve it, and pay for repairs or compensate you based on the policy terms.
Common Mistakes That Delay Claims
🚫 Not reporting the incident on time.
🚫 Failing to provide a police report.
🚫 Providing false or incomplete information.

The key is honesty and quick action.

Final Thoughts: What Should You Do Now?
✅ If you own a car, make sure you have at least Third-Party Insurance. It’s the law!
✅ If you drive a valuable car, Comprehensive Insurance is your best bet.
✅ Always keep your insurance documents in your car to avoid issues with law enforcement.
✅ Know how to file a claim so you’re not stranded when you need it most.

Don’t wait until you’re in trouble before realizing the importance of motor insurance. Get covered today and drive with peace of mind!

Do you have valid motor insurance? If not, now’s the time to get it sorted!

Do you need support with getting an Insurance? Kindly reach out on 08104591211

Welcome back to our series on compulsory insurance in Nigeria! Today, we’re diving deep into one of the most underrated but life-changing policies—Group Life Insurance.

Imagine this: You wake up one day to the news that a colleague, friend, or even a family member who was the breadwinner of their home has passed away. Amid the grief, the family is left stranded—bills to pay, children’s school fees due, rent expiring soon. No savings, no safety net. It’s a devastating reality for many families in Nigeria.

But what if I told you that there’s a law in Nigeria that ensures employers provide financial security for their employees' families in such unfortunate situations? That’s exactly what Group Life Insurance is about.

What is Group Life Insurance?

Group Life Insurance is a policy that provides financial compensation to the family (or dependents) of a deceased employee if they pass away while still working for their employer. It ensures that the people they leave behind can at least manage financially in their absence.

It’s not just a voluntary benefit that employers can choose to provide—it’s a legal requirement under the Pension Reform Act 2014

Who is Required to Have Group Life Insurance?

Any employer with three or more employees is legally required to have a Group Life Insurance policy for their workers. This means:
✅ Private companies
✅ Government institutions
✅ NGOs
✅ Banks and financial institutions
✅ Even small businesses, as long as they have at least three employees

So if you work for a company with three or more employees, your employer is supposed to have this policy in place for you.

How Much is Paid Out?
The law mandates that the payout should be at least three times (3x) the annual salary of the deceased employee. That means if someone’s annual salary is ₦2 million, their family should receive at least ₦6 million as a lump sum payment.

Benefits of Group Life Insurance
* Financial Security for Families – It ensures that the deceased’s loved ones are not left stranded.
* Peace of Mind for Employees – Knowing that your family will be taken care of if anything happens to you is a major relief.
* Stronger Employer-Employee Relationship – It shows that an employer cares about their workers’ welfare.
* Legal Compliance for Employers – Failure to provide Group Life Insurance can lead to penalties for companies.

Does Group Life Insurance Cover Only Death? Nope!
While the primary coverage is for death, many insurance companies offer riders (extra benefits) that extend the coverage beyond just death. Some common riders and extensions include:

✅ Permanent Disability Benefit – If an employee becomes permanently disabled and can no longer work, they get a payout.
✅ Critical Illness Cover – If diagnosed with a serious illness like cancer, stroke, or kidney failure, the insurance pays out a certain amount.
✅ Burial Expenses Coverage – Some policies help cover funeral costs, so the family doesn’t struggle to give their loved one a proper burial.

How Does This Work in Real Life?
Scenario: Chinedu, the Family Breadwinner
Chinedu was a hardworking father of three who worked for an oil servicing company in Port Harcourt. He never really thought about insurance, believing it was only for “big men.” Unfortunately, he had a sudden heart attack and passed away.

Luckily, his company had a Group Life Insurance policy in place. His wife and children received three times his annual salary, allowing them to pay school fees, rent, and even start a small business to sustain themselves.

Without this policy, his family would probably have been left with nothing.

How Can You Ask Your Employer About Group Life Insurance?
Now, here’s the big question: How do you know if your employer has an active Group Life Insurance policy for you?

You don’t have to make it awkward. Here’s a simple and professional way to ask:

🔹 Kindly approach your HR team and say something like:
"Hello, I recently learned that employers in Nigeria are required to provide Group Life Insurance for employees. I wanted to confirm if our company has one in place and how it works. Could you provide more details on it?"

This way, you sound informed, and your employer will know that you take your financial security seriously 😎

Group Life Insurance is Not Just for Companies—It Works for Clubs, Societies, and Associations Too!
Did you know that clubs, societies, and professional associations can also have Group Life Insurance for their members?

✅ Imagine a club of traders at Balogun Market pooling together to get insurance. If any member passes away, their family gets a payout.
✅ Imagine an old students' association setting up a policy where, if any member dies, their family receives financial support.

It’s a smart way for organizations to protect their people, just like employers protect their workers.

Final Thoughts: Don’t Sleep on This!
Group Life Insurance is not a luxury—it’s a necessity and a legal requirement. If you’re an employee, find out if your company has one. If you’re an employer, ensure you have this in place for your workers. And if you run a club or association, consider getting a Group Life Insurance plan to protect your members.

Because at the end of the day, life is unpredictable. But with insurance, at least the people we leave behind won’t suffer unnecessarily.

Are you covered If not, now is the best time to ask!.. 🤗

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Hi Guys,
I'm about to engage the service of a driver for one of my vehicles.
Please i'll like to know what and what i need to look out for when engaging the service of a driver for e-hailing service to be remitting weekly in Lagos. Also, how much should one consider as weekly returns for this kind of business?

Gotocourt:
What type of car? Brand? Model?

Honda civic 09