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Do You Have Third-Party Insurance Coverage? | Gist Nigeria
Posted
May 9, 2019
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May 9, 2019
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5:09Now PlayingThird-party offers coverage against claims of damages and losses incurred by a driver who is not the insured.
In Nigeria, most vehicle owners are careless about insuring their vehicles against accident or damage.
The Nigeria insurers association is trying to change all that, urging all car owners in the country to invest in third party insurance.
And for those who claim they have, verify the validity by using their database.
Also, in our 360 segment, we take a look at how third-party insurance works in other countries.
For those in Nairobi Kenya, 40 per cent of vehicle insurance policies exists only on paper. Most times, it could be fake.
In Rwanda, insurance is mandatory as a means to reduce fraud in the sector, certificates are issued by the government with a code that can be verified by the police using smart devices.
All these are slightly different in Ontario Canada, there, motorists are among those paying the highest premium on insurance coverage.
Gist Nigeria is a 30-minute current affairs programme, co-produced by Channels Television and the BBC. The program offers in-depth reporting, focusing on stories behind the news and their impact on its audience.
Gist Nigeria airs at 9pm on Wednesdays on Channels TV and Channels 24 (UK) on Sky 518.
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