Tuesday, 22 November 2016

HOW TO AVOID TRAFFIC GRIDLOCKS




What is it about Traffic jams and gridlocks that drive shivers down our spine?

What we find more terrifying is that according to some psychology studies, traffic jams, and especially sudden gridlocks are indirectly or partly responsible for a number of sanity-related problems in drivers who are frequently finding themselves in this dreadful situation.

Firstly, we should probably summarize what we know so far about traffic jams and it effects.


- It is one of the main reasons for city pollution in most large cities.
- It is a top reason for psychological problems when they are dealt with on regular basis.
- According to studies, travel delays due to traffic congestion caused drivers to waste billion litres of fuel and keep travellers stuck in their cars for nearly billion extra hours in a year. Should we talk about the cost for this horrifyingly high number of traffic jams? Surely around a million naira per each commuter in a year.

- Emergency vehicles are unable to reach their destinations as urgently as they could without being stuck in gridlock. 



Let’s think less about how bad traffic is in most cities in Nigeria and more about ways to improve our lives behind the wheel, starting of course with tips to avoid traffic jams.


The list is exhaustive but a short list of "dos" and "don'ts" on this subject, if read and put in action, will help.

1. Leave your car parked 

If you can use more efficient alternative modes of travel, like public transportation, leave your pride at home and do it. There's no shame in using the subway, the bus or the tram, despite being the proud owner of a luxurious sedan, SUV or a flashy sports car. 


2. Study the route and leave early. If you lose an hour, you can also win an hour

If you slightly change the schedule of your departure to and from work, you might circumvent the biggest traffic jams of the day.


3. Upgrade your knowledge of inner routes
The shortest distance between two points isn't always a straight line. So, instead of taking the most obvious route, which everyone else is already using, go against the flow by using smaller side streets to reach your destination inside the city. 

4. Get better informed even before jumping in your car

You should never rely just on your better judgement since you can't predict the future when leaving home. Always listen to the radio for any gridlock announcements so you can plan your route ahead, before actually arriving right in the middle of a traffic jam. 


5. Use Social Media
Technology has become a vital aspect of our lives. It has impacted our lives in various ways. Social media apps like twitter and facebook help with traffic updates. If you are on twitter, kindly follow @Gidi_traffic for current traffic updates. Confirming traffic updates before leaving for another location can help save time & unnecessary waste of fuel.

6. Avoid road where construction is ongoing Road Construction impacts free flow of traffic in no small way. With the right information, avoid roads undergoing repair or construction, especially at peak moments.

7. Make a mental note of weekly or monthly events in certain areas.

Certain areas are beset with heavy traffic because of social and religious events on weekly and bi-monthly basis. Note these events and seek alternatives.

Note these tips and do have a traffic-free ride always.

For necessary protection on your vehicle, contact us for great car insurance discounts.

Follow us on our twitter handle - @con_hallmark 
& facebook page - conhallmark


Visit our website for more tailor-made insurance covers at www.consolidatedhallmark.com



Friday, 18 November 2016

ARE YOU INSURED? FIND OUT IF YOUR INSURANCE IS ADEQUATE

The Nigerian law requires that every vehicle on the road must have the minimum of a third party auto insurance cover. This was enacted to solve the conflict that may arise when an accident occurs. This means that insurance will always step in if either or both parties involved in an accident have the minimum insurance.


What is auto insurance? Auto insurance is the insurance policy designed for vehicles. There are three (3) major forms of auto insurance. 
1. Third-party 
2. Third-party, fire and theft
3. Comprehensive 

As stated above the least auto insurance mandated by law is the third-party auto insurance. 

What is third-party insurance?

Third-party insurance is the policy designed to protect other people, vehicles and property in the event of an accident that was deemed to the fault of the insured.

Let say you drive into the rear of someone's car, causing damage to the bumper and injuring the driver. Third-party insurance would cover the cost of the other person's car and medical expenses. However, your own car damages will not be covered by the insurance.

Third-party, fire and theft insurance would also cover the same cost as third-party insurance with additional coverage as listed below;

ü  replacing your car if it's stolen
ü  fire damage to car
ü  damage because of an attempted theft e.g. broken window or stolen radio. 

Comprehensive insurance is the policy that covers the cost of your car from accidental damages and other damages outside an accident like theft, fire damages. The policy also protects the insured against damages to other people, vehicles and property if the accident is deemed your fault. This policy can also accommodate additional clauses to adequately protect the insured against unusual risks at additional cost. 

The policy also applies when fault can't be proven, e.g. if you return to your car after shopping to find that someone has hit you and driven off. The comprehensive auto insurance will compensate for the damage to your car.

How do you ensure your insurance is adequate? 

Drivers who bought any of the third-party auto insurance plan run the risk of being under-insured, that means the cover on their auto insurance policy are not adequate to cover the damages incurred from the unexpected accident.

That is because policies like third-party insurance and third-party, fire and theft insurance have limited coverage/compensation to the insured. 

However, with a comprehensive auto insurance cover you are completely and adequately protected from any extra liability or cost of damages you may have to bear either to your own car or to the third-party car or their properties.

Hence, we advise you to consider the complete protection of a comprehensive auto insurance cover and not just obey the law with the purchase of third party auto insurance cover

For more information, contact us on our twitter handle - @con_hallmark
                                                                                & facebook page – conhallmark


Visit our website for tailor-made insurance coverage at www.consolidatedhallmark.com

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Thursday, 3 November 2016

Consolidated Hallmark excites clients with more claims payments




Customers of Consolidated Hallmark Insurance Plc had several reasons to be happy with the foremost underwriter during the Nine Months ended 30th September 2016, as N1.296billion was expended on payment of claims to them during the period.
The amount paid out represents a 43% increase over the N902,208,592 paid out by the company during the corresponding financial period of 2015, a trend in line with the prompt claims settlement disposition of Consolidated Hallmark Insurance.
The Managing Director of the company, who is also the current chairman of the Nigerian Insurers Association, Mr. Eddie Efekoha has continually assured the numerous and rapidly growing clientele of Consolidated Hallmark of the very best in Customer Service delivery, culminating in prompt claims settlement.
A further glimpse at the results show a modest rise in Net underwriting income  from N2.558billion in 2015 to N3.02billion as at close of business on 30th September, 2016.
The 18% increase (after provisions for reinsurance expenses and commissions/fees) is attributable to astute management by the firm, in spite of the prevailing economic situation in the country which has seen premium rates remaining stagnant or reducing while inflation spirals to double digit figures.

Consolidated Hallmark achieved a Gross Premium Income rise of N4.88bn when compared with the N4.65 recorded during the nine months period of 2015. 

Follow us on our twitter handle - @con_hallmark 
& facebook page - conhallmark


Visit our website for our tailor-made insurance covers at www.consolidatedhallmark.com