covers the Insured's liability for death/injury to Third Party and loss or damage to the third-party property in the event of accidents.
Third Party Motor Insurance is one of the compulsory insurance policies in Nigeria. This means it is the legal minimum level of motor insurance cover any motor vehicle owner plying the Nigerian road is required to have.
Beyond the fact that Third Party Motor Insurance is compulsory by law, the benefits of the policy make it a must-have for every Nigerian motorist. The policy takes care of the damage caused by the insured to the Third Party’s property or vehicle, also the Third Party’s medical expenses (if any) in the event of an accident, when the policyholder is at fault.