All posts by Abolaji Dairo

Abolaji Dairo is a seasoned insurance practitioner and an Associated member of the Chartered Insurance Institute of Nigeria (CIIN). He is a Risk Analyst with specialty in loss Adjusting and claims administration with several years of experience to his credit. He presently works with Consolidated Hallmark Insurance Plc. (in Nigeria) as a Claims Expert and he is committed to customers satisfaction by providing highly professional, timely and qualitative services.

UNDERSTANDING MOTOR INSURANCE POLICY (PT 1) – KNOW THE EXTENT OF YOUR COVER

 

textgram_1467900248Nothing could be more frustrating and humiliating than paying for something only to discover that it is useless. I would feel defrauded. The painful part is that this realization usually dawns on you at the point when you have suffered a loss and you expected that you have a right to compensation under your motor insurance policy. Continue reading UNDERSTANDING MOTOR INSURANCE POLICY (PT 1) – KNOW THE EXTENT OF YOUR COVER

THIRD PARTY MOTOR INSURANCE – SO MUCH FOR SO LITTLE.

mr dairo

Ignorance they say is a disease and what you don’t know can sometimes cost you much.

Two years ago, fortune smiled on my friend Mr. Tough and he got a new car for N2,500,000.00.  All our effort to ensure he insured it proved abortive as he claimed to be a “strong man”. Some months after, he was involved in a road accident where he damaged his car, another person’s car and also injured a pedestrian. He spent over N500,000.00 in repairing the 3rd party’s car and settling medical bills for the injured party. Something he would have done for just N5,000.00 if he had obtained a 3rd Party Motor Insurance cover. Continue reading THIRD PARTY MOTOR INSURANCE – SO MUCH FOR SO LITTLE.