Experts Recommend Insurance That Doesn't Ghost You After an Accident

For years, many Nigerian motorists have treated Third-Party Motor Insurance like that one relative you only remember when government officials are nearby. Buy it, keep the paper in the glove compartment, and hope nobody ever asks questions.

Then comes the small surprise.

Apparently, if your own car gets damaged in an accident, your standard third-party policy is likely to look at you with the emotional support of a motivational quote.

That's because the basic policy mainly exists to protect other people and their property, not necessarily your beloved vehicle that you've named "Baby."

As repair costs continue their Olympic sprint into the stratosphere, more drivers are discovering that replacing a bumper now sometimes requires the financial planning of a destination wedding. Naturally, motorists are beginning to ask a revolutionary question:

"Can I get something between 'just obeying the law' and selling a kidney for comprehensive insurance?"

Enter Sovereign Trust Insurance Plc, which says it has created what can only be described as the insurance equivalent of ordering medium fries instead of small.

Its Enhanced Third-Party Motor Insurance is designed to sit comfortably between Nigeria's traditional Third-Party Insurance and Comprehensive Cover. In other words, it keeps the legal protection everyone needs while throwing in some protection for your own vehicle too.

According to the company's Managing Director/CEO:

"Insurance should not only help motorists comply with the law; it should also provide meaningful financial protection when the unexpected happens. Our Enhanced Third-Party Motor Insurance gives customers an opportunity to enjoy wider coverage at an affordable premium, making it an ideal option for motorists who want more than the basic statutory cover."

Translation: surviving an accident is stressful enough without discovering your insurance policy has suddenly become a spectator.

For an annual premium of