Introducing its latest feature and the cheapest third-party auto insurance deal into the Nigeria market, VTpass now offers third-party car insurance for as low as #3,000 naira only.
Third-party insurance generally, is an insurance policy purchased for protection against the claims of another i.e it is meant for the protection of other road users while you use our car.
For instance, if you insure your car on third party only insurance (the premium is N3,000 naira), and you get involved in a road accident where you are at fault, the insurance company will be liable for the repair of the other person’s car while you repair your own car. Also, if you damage somebody’s property like a building’s fence in an accident, the fence will be repaired by the insurance company. However, you should take note that there is a certain limit to what the insurance company will pay for motor third party property damage. The maximum is N1,000,000.00, but some can pay as high as N2,000,000.00.
A lot of Nigerian drivers have wrong perceptions about auto insurance policies and only subscribe to it because it is among the vehicle license documents legally required for them to use the road. In fact, only 1 in 100 car owners understand that third party car insurance is not just a document for road usage, but a savior in times of unexpected occurrences. When you run into Police or other agency roadblocks, and your car particulars are checked, if you do not possess third-party insurance, you would be arrested.
Regardless, check out how to Purchase third-party Auto Insurance policy:
1) Visit www.vtpass.com
2) Select the Auto Insurance icon
3) Enter full information and payment details
4) Click Submit
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