AVIATION INSURANCE

Aviation Hull (All Risks & Third Party Liability) Insurance : This provides cover for accidental damage to the aircraft whilst in the air or ground including legal liability to third parties for accidental damages to property or bodily injuries and death arising out of the operations and or ownership of the air craft.

Underwriting requirements: Name, Registration Number, Year of Manufacture, Flight Hours, Circle Time of the Air Craft including number of passengers

Crew Personal Accident Insurance : This provides cover for liability incurred on the crew and passengers arising from bodily injuries or death whilst engaging in air travel as pilot, crew members or passengers in the air craft.
Underwriting requirements: Numbers of Crews and Passengers per Air Craft including Capital Sum Assured per Person.

MARINE CARGO INSURANCE

This policy provides cover for loss of or damage to goods whilst in transit from overseas’ ports to the insured’s site or warehouse within the Federal Republic of Nigeria. The categories of covers in this regards are as follows; CLASS ‘A’: All risk covers (that is, worldwide to factory/warehouses/sites within the Federal Republic of Nigeria); CLASS ‘C’: Limited cover (i.e., total wreckage of the vessel)

Underwriting requirement: Estimated Annual or Single Import/Export Value and limit anyone voyage.

MARINE HULL INSURANCE

This policy provides cover for ships, boats, vessels, hull, machinery and equipment cause by fire explosion, theft, sinking, collusion, malicious damage, etc. It can used to cover Hull Owner’s Cargo (i.e., Cargo belonging to you) including cover for third party’s protection and indemnity insurance.

Underwriting requirements: Description and value(in Naira) of the Vessel and other relevant information.

MOTOR INSURANCE

This policy provides the following covers:

•   Comprehensive cover:

It covers loss or damage to the Insured’s motor vehicle resulting from accidental collision, over-turning fire or theft; legal liability to third parties for death or bodily injury in the event of an accident, including damage to their property; reasonable medical expenses incurred for injury sustained following an accident, claimants cost, etc.

• Third Party Fire & Theft cover:

 This policy covers loss or damage to third party properties including injury to third parties. It does not cover damage to own vehicle except fire damage or theft of the owners car.

•  Third Party Only cover:

  The policy cover loss or damage to third party properties including injuries to third parties. In this case, it does not cover own damage.

Underwriting requirements: List of all the vehicles, trunks, motorcycles, etc showing the followings; Make, Registration Number, Engine & Chassis Number and the value (that is the cost price of the vehicle which must be present market value)