Often, we see people carry burdens that
isn’t theirs. Some pay for stuffs that should have been the responsibility of
another. Do you know that the law doesn’t require you to pay for damages to
another man’s vehicle or property while driving yours? What value does a third-party
insurance offer you?
This and many more are questions Mr Tunde was faced with some months ago. Tunde, like most Nigerians, purchased a third-party insurance on his vehicle all in a bid to escape the harassment from police and road traffic officials.
Tunde is an upwardly mobile young professional in his thirties. He works in Victoria Island, hence must grapple with the habitual daily traffic in that part of the State. On his way to work this fateful day, in his car, he tried reversing but mistakenly hit a brand-new car. Unfortunately for him, the damaged car is a new one and owned by an oil & gas servicing firm.
Tunde came out of his car confused and bewildered as he never expected this accident to happen. But sometimes accidents happen without any prior notice. The company impounded his car and demanded he repairs their damaged car. This again increased Tunde’s anxiety and frustration as his account was already in red.
Reluctantly, he decided to speak with a friend to borrow some funds for this repair. While his friend questioned him on why he needed that amount, he narrated the accident to him. His friend, Bode, who works with an insurance firm had earlier helped him with his car insurance. Bode told Tunde his insurance will cover the damage on the third-party vehicle up to 1 million naira.
Tunde didn’t believe what he just heard. He had always assumed third party insurance is to allow one drive without police harassment. He thought this was one of Bode’s April fool jokes but realized the month was still February. The relief experienced by this news was surreal. Suddenly he need not borrow anymore or worry about the repair of the third-party vehicle.
To cut this story short, Tunde’s insurance company repaired the third-party car and Tunde’s car was released to him, at no cost. Tunde was so grateful to Bode for this enlightenment and for saving him the hassles and worries. He has since scaled up his insurance from third party to comprehensive cover.
The moral of this short story is to highlight the values that a third-party insurance cover provides. Click http://ow.ly/4nrZiT to see the benefits.
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