DON'T BE CONFUSED LIKE TUNDE

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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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.

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

CONSOLIDATED HALLMARK OFFERS JOB TO BEST INSURANCE ESSAY WRITER

Consolidated Hallmark Insurance, in line with its Corporate Social Responsibility policy of encouraging research especially in the study of insurance at tertiary level organized an Annual Essay Competition. The competition which commenced in 2011 is currently in its 5^th Year.

Lot of entries were received from students in several tertiary institutions. The entries were thoroughly assessed by a double tier system comprising the HODs of the institutions on one hand and an independent panel of distinguished insurance practitioners  on another hand. 

The Managing Director, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha (left above), posited that the company is rewarding the overall winner of the insurance essay competition with instant employment in the company.

He said this while presenting the first three winners of the competition with prizes in Lagos. Efekoha said the company was keeping to its promise of rewarding the first prize winner with automatic employment and cash prizes every year.

He said “the winners from the previous competitions that were given employment in the company have continued to excel at work. The managing director said the company was using the competition to promote insurance awareness and increase students’ interest in pursuing a career in insurance.

A female student from The Polytechnic, Ibadan, Florence Ogunleye, emerged the overall winner and was presented with N250,000 and automatic employment.

Two students from University of Uyo, Julius Olabiyi and Esekwe Ifeanyichukwu came second and third, winning cash prizes of N150,000 and N100,000 respectively.

The Director General of the Chartered Insurance Institute of Nigeria, Alhaji Kola Ahmed said as part of its collaboration with Consolidated Hallmark, the institute will publish the essays of the winners in its next journal.

This is another proof of our commitment to deepening insurance awareness and giving back to the society. 

If you desire to talk to us, we are available on major social media platforms. Reach out to us for our array of customised insurance products today. 

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Website - www.consolidatedhallmark.com

Phone nos.: 01-2912543, 2912532

CONSOLIDATED HALLMARK INSURANCE PLC & OTHERS EARN 17bn AVIATION PREMIUM IN 2015

Consolidated Hallmark Insurance Plc and other insurance firms earned a gross premium of N17 billion from Nigeria’s weak aviation industry in 2015, indicating a capacity for a huge insurance market if the aviation industry is well energised. 

Consolidated Hallmark Insurance is market leader in aviation insurance in Nigeria with 12 aviation insurance policies and co-insuring another 36 policies, while NICON follows. 

The Managing director of the company, Mr Eddy Efekoha, who gave the figures during a presentation titled “Regulation and Aviation Insurance,” yesterday at Aviation Round Table (ART) breakfast meeting in Lagos, said that complying with the rules including timely payment of premiums would ease indemnity, should there be risk. 

Representatives of the two leading aviation underwriters, Consolidated Hallmark and NICON at the forum solicited for improved synergy between the insurance and aviation sectors noting that getting the system right would provide a win-win partnership for insurers and airline operators. 

Efekoha said that the numerous plane crashes in the past, business interruption and supply chain risk exposure necessitated the need for regulation as well as aviation insurance in the industry. 

He listed policies for the sector to include aircraft hull, passengers, aviation third party as well as excess liability. Also included are aircraft hull war, aviation refuelling; hanger keepers’ liability and airport operator liability. 

“In accordance with the Civil Aviation Act 2006, every airline operator, providing air transport services for hire and reward, must have adequate insurance for passengers/cargo and third party. The insurance must be sufficient to pay compensation of $100,000 per passenger in case of death or injury, Efekoha said. 

Consolidated Hallmark Insurance is a General Business & Special Risk insurance firm with branches scattered all over Nigeria. We have carved a niche for ourself through big ticket transactions in Aviation, Oil & Gas, Marine and Hull business and  other non-life policies such as Motor, Fire, Burglary etc.

We are available on major social media platforms. Talk to us for our array of customised insurance products today. 

Twitter - @con_hallmark

Facebook - conhallmark 

Website - www.consolidatedhallmark.com

Phone nos.: 01-2912543, 2912532