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AIICO Auto Insurance – See everything you need to Know – Do you want to insure your vehicle? Why not read about Allco car insurance now? Let’s show you how to keep your car insured by Allco insurance company. We’ve got all the information you need.
We love insurance and that’s why we’ve decided to give you tips on how to get all types of auto insurance from Allco insurance PLC.
AIICO Auto Insurance covers all types of automobiles for both private and commercial uses. Also covered are motorcycles and tricycles.
Auto insurance is one of the compulsory insurance classes and anyone using a motor vehicle on the public highway must have it.
See This: History of insurance in Nigeria
Auto insurance which is the most common of all the known classes of insurance is designed to protect the insured for loss of or damage to his/her vehicle, damage to Third Party property including bodily injury and death to Third Party caused by an accident whilst using their vehicle.
READ This Also: Allco insurance PLC Home Insurance
Why do I need auto insurance?
- It is compulsory; it is the Law! (Road Traffic Act,1950)
- Provides replacement cost of damage or theft of your car
- To provide financial support for you when you damage other people’s property
- Re-imbursement of litigation cost
Types of Auto Insurance
Third Party Auto Insurance
This policy covers death, accidental bodily injury and damage to the property of a third party
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Comprehensive Auto Insurance
AIICO Insurance offers fully comprehensive, cost effective, motor vehicle insurance that cover all risks related to owning and driving a vehicle. Our motor policies are all customized and structured to suit your needs.
The Comprehensive Auto Insurance plan covers the loss or damage to insured vehicles as a result of fire, theft, vandalism, accidental damage or collision. Coverage also includes Legal Liability for death, bodily injury or damage to the property of 3rd parties arising out of the use of insured vehicles.
Get a Quote >> Each of the above mentioned policies are applicable in the following categories.
- Private Vehicle Owners
- Multiple Family Owners
- Taxi Owners
- Bus Owners
- Delivery vehicles
- Commercial fleets