Motor Insurance

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The Motor Vehicle (Third Party) Insurance Act of 1945 mandates every user of motor vehicle to obtain a motor insurance cover from a registered insurance company in Nigeria. Major categories of motor insurance coverage that we can assist with are:

Third Party Only

The Third Party only cover provides indemnity to the policyholder against his legal liability to Third Party’s death, bodily injury or property damage resulting from the use of the insured vehicle.

Comprehensive Motor Insurance Policy

Under this policy, in addition to the cover provided under the Third Party Only cover, this policy also indemnifies the policyholder for loss or damage to the insured vehicle due to road accident, fire or theft.

Risk Retention Fund

Heirs Insurance Brokers’ auto risk retention solution is specifically suited for organizations with large fleets of vehicles. This alternate risk transfer product will help turn a cost center (vehicle insurance) into a profit center (Comprehensive Proposal will be sent on request if you choose this option).