Cornerstone Insurance Insight: Driving with Third Party Motor Insurance
Cornerstone Insurance Plc
On Nigeria’s ever-busy highways and inner-city roads, driving is more than moving from one point to another, it is a shared responsibility. Accidents can happen unexpectedly, and when they do, the financial consequences can be overwhelming. This is where Third Party Motor Insurance plays a vital role.
Cornerstone Insurance Plc remains committed to helping drivers stay protected, compliant, and confident on the road because responsible driving begins with responsible insurance coverage.
To buy third party motor insurance, Cornerstone Insurance says, you will need your vehicle’s chassis number, engine number and vehicle registration number
In Nigeria, Third Party Motor Insurance is the mandatory minimum cover required for every vehicle owner. While Comprehensive Motor Insurance offers broader protection and is optional, third party cover ensures that innocent road users are not left stranded financially after an accident.
For an annual premium of ₦15,000 for private vehicles, motorists receive essential protection. The policy provides compensation of up to ₦3 million for damage to a third party’s property. It also includes medical coverage for individuals injured in an accident and financial compensation to families in the unfortunate event of a fatality.
An added benefit is cross-border protection under the ECOWAS Brown Card Scheme, enabling coverage when driving within participating West African countries.
With enforcement by the Nigerian Police Force ongoing, compliance is both a legal obligation and a civic duty.
Customers can obtain more information by visiting any Cornerstone Insurance branch nationwide, calling 07086216957, or exploring the company’s offerings online at www.cornerstone.com.ng.
