MorethanThirdParty.LessthanComprehensive.
NEMEnhancedThirdPartyMotorInsuranceprovidesbroaderprotectionwithoutthecostofcomprehensiveinsurance.Inadditiontothethird-partycoverrequiredbylaw,thepolicyincludesbenefitsforyourownvehicle,medicalexpenses,towingassistance,legalexpenses,andmore.
WhyChooseEnhancedThirdPartyCover?
Many motorists choose Third Party Insurance because it'saffordable. The challenge comes after an accident, when they discover their own vehicle isn't covered.
Standard Third Party Insurance protects you against liability to other road users, not protection for your own vehicle. Enhanced Third Party Motor Insurance bridges the gap between Third Party and Comprehensive Insurance by providing additional benefits that help reduce out-of-pocket expenses after an accident.
The result is wider protection at a premium that remains affordable for many vehicle owners.
third-party insurance
Threespecialistproductsforourinsurance
Type A - Private Cars
For vehicles used strictly for private and personal purposes.
PREMIUM: ₦30,000
Type B - Private Buses
For privately owned buses and pick-up vehicles used by organisations such as schools and companies for transporting staff or students.
PREMIUM: ₦35,000
Type C - Goods Carrying Vehicles
For vehicles used to transport goods connected with the insured's business or profession.
PREMIUM: ₦40,000
EnhancedMotorThirdPartyInsuranceissuitablefor:
Private car owners
Small business owner
Schools operating staff or student buses
Companies with privately used buses
Businesses transporting their own goods
Private car owners
Small business owner
Schools operating staff or student buses
Companies with privately used buses
Businesses transporting their own goods
WhatDoesEnhancedmotorInsuranceCover
Dependingonthepolicyselected,covermayinclude:
Third-party property damage
Unlimited cover for third-party bodily injury or death
Own-damage cover of up to ₦1,000,000 following an accident involving a third party
Medical expenses of up to ₦50,000
Legal fees of up to ₦50,000
Towing assistance
Limited fire peril protection
Limited windscreen damage protection
Why Businesses Choose NEM Insurance
Over 75 years of insurance expertise
More than ₦136 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide support network
Over 75 years of insurance expertise
More than ₦136 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide support network
Frequently asked questions
No. The compulsory requirement is standard Third Party Motor Insurance. Enhanced Third Party Insurance is an optional upgrade that provides additional benefits.
Yes. Enhanced Third Party Motor Insurance is designed for motorists who want broader protection without the higher premium associated with Comprehensive cover.
Private vehicle owners, schools, companies, and businesses operating eligible vehicles can purchase this policy.
Notify NEM Insurance as soon as possible following an incident and provide the required supporting documentation. Our claims team will guide you through the claims process.