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  • Moov

    (Third Party)

    X

    MOOV (Third Party)

    It is a simple insurance product which covers the policyholder against legal liability to third parties in the event of death, bodily injury and property damage involving the insured vehicle. Third party insurance is a mandatory requirement for all vehicles on Nigerian roads. It became mandatory through the Motor Vehicle (third party) Insurance Act of 1945.

    Features

    • A flat rate payable annually to insure a vehicle against all third party liabilities (subject to policy conditions)
    • The policy will still operate if you use your vehicle to tow another broken down vehicle provided you're not being paid to do so
    • Simple premium calculations

    Benefits

    • Pays third party property damage (up to a limit of N1million)
    • Pays third party property damage (up to a limit of N1million)
    • Reimbursement of legal fees if policy holder is prosecuted in court over an accident resulting in a valid claim

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Completed proposal form
    • Proof of ownership
    • Vehicle License
    • Acceptable proof of identification

    Exclusions and Limitations

    • Own damage, fire & theft claims are not covered
    • No provision for accidental bodily injury benefits for policyholder/driver
    • Medical expenses for anyone injured in your vehicle are excluded
    • The policy will not pay for bodily injury or damage to the property of any members of your household
    • No cover for accidents happening outside the stated geographical area (Nigeria)
    • Usual exclusions apply to war, nuclear risks and volcanic eruption
    • An excess of 10% of claim amount or N2,000 whichever is greater applies to third party property damage
    • If at the point of making a claim, it is discovered that the vehicle is also insured by other insurance companies,the cost of claim will be shared with the other companies
    • Loss of use or consequential losses

    Switching between policy covers

    Yes you can. With the Moov product suite, it is very easy to switch or migrate between product categories. All you have to do is simply follow the underlisted steps to migrate to your preferred product choice:

    • Identify the Motor product you wish to switch to
    • Request for a product migration form from our sales advisor
    • Complete and submit the migration form indicating your preferred product
    • Pay the additional premium as required
    • Your request will be processed subject to terms and conditions
    • You can begin to enjoy a new product category within 48 hours Is there provision for full or partial refund?

    Refund policy

    The policy is non-refundable

    Cover for non-owner driver

    Yes. Wapic covers the legal liability for loss or damage to someone else's property by any person who is driving, provided that you are fully licensed and operated the vehicle with your permission

    In case of an accident

    • Notify the Police immediately
    • Note the insurance details of the third party involved

  • Moov Plus

    (Fire and Theft)

    X

    Moov Plus (Fire & Theft)

    This is a simple insurance product which covers the policyholder against legal liability to third parties in the event of death, bodily injury and property damage. Beyond these, this policy also covers theft or damage by fire. Under Moov Plus, the cost of repairs and/or outright replacement is also covered. The policy allows you to buy additional features such as personal accident and cover for riots along with the standard features of the product.

    Features

    • Third party property damage (up to N1million)
    • Third party bodily injury & death (Unlimited)
    • Covers fire damage to the insured vehicle
    • Covers theft of the vehicle
    • Covers authorised repair limit (Up to N10,000.00)
    • Includes towing limit (up to N10,000.00)
    • Passenger liability (N75,000 per person and a maximum of N350,000 per vehicle)
    • Policy deductibles/excess applies

    Benefits

    • Covers third party property damage
    • Covers third party bodily injury & death (Unlimited)
    • Covers cost of repairs caused by fire damage
    • Indemnifies in case of theft
    • No-Claim Bonus of 2.5% payable after 2nd year of renewal

    To enjoy these benefits?

    • Complete the application process
    • Effect premium payment
    • Observe the terms and conditions outlined in the policy document

    Documentation

    • Completed proposal form
    • Proof of ownership
    • Vehicle License
    • Acceptable proof of identification
    • Photographs of all sides of the vehicle, including photo showing the License Plate on the vehicle

    Exclusions and Limitations

    • Mechanical or electrical breakdowns
    • Damage to tyres unless motor car is damaged at the same time
    • Any incident which happens whilst the car is being used outside the agreed limitations
    • The first amount of each claim for loss or damage (known as the “excess”), unless you have purchased the 'excess buy back'
    • Loss or damage arising from the vehicle being filled with adulterated fuel
    • Theft of your vehicle, accessories or parts if unattended and left unlocked and / or the keys to the ignition are left with the vehicle
    • Loss of or damage to the vehicle whilst the driver is under the influence of alcohol or drugs
    • Wapic will pay the lower of the current market value at the time of the incident or the value noted in your schedule
    • Loss of use or consequential losses
    • If at the point of making a claim, it is discovered that the vehicle is also insured by other insurance companies, the cost of claim will be shared with the other insurers

    Switching between policy covers

    Yes you can. With the Moov product suite, it is very easy to switch or migrate between product categories. All you have to do is simply follow the underlisted steps to migrate to your preferred product choice:

    • Identify the Motor product you wish to switch to
    • Request for a product migration form from our sales advisor
    • Complete and submit the migration form indicating your preferred product
    • Pay the additional premium as required Your request will be processed subject to terms and conditions
    • You can begin to enjoy a new product category within 48 hours Is there provision for full or partial refund?

    Refund policy

    The policy is non-refundable

    Cover for non-owner driver

    Yes. Wapic covers the legal liability for loss or damage to someone else's property by any person who is driving, provided the y are fully licensed and operated the vehicle with your permission

    In case of an accident

    • Notify the Police immediately
    • Note the insurance details of the third party involved

  • Moov Prestige

    (Comprehensive)

    X

    Moov Prestige (Private Comprehensive)

    This is an insurance product that pays for damages to your vehicle as a result of theft, accident or fire. It also covers third party damages for which you are liable. With this policy, the cost of replacing or repairing your vehicle is covered no matter who is at fault. If needed, you can buy additional features such as excess buy-back or increased third party along with the standard features of the product.

    Features

    • Third party property damage (up to N1million)
    • Third party bodily injury and death (Unlimited)
    • Covers loss from fire damage to the insured vehicle
    • Covers theft of the vehicle
    • Covers accidental damage to insured's vehicle (up to total value of vehicle)
    • Includes towing limit (up to N10,000.00)
    • Personal accident benefits for the insured (up to a limit of N20,000)
    • Loss of personal effects (up to a limit of N10,000)
    • Authorised repair limit (up to N40,000)
    • Free tracker for vehicle valued N4million and above
    • Passenger liability (N75,000 per person and a maximum of N350,000 per vehicle)
    • Policy deductibles/excess applies

    Benefits

    • Covers third party property damage
    • Covers third party bodily injury & death (Unlimited)
    • Covers cost of repairs caused by fire damage
    • Covers cost of repairs for own damage
    • Indemnifies in case of theft
    • Nil depreciation on total write off for a brand new vehicle of less than six months
    • No-Claim Bonus of 2.5% payable after 2nd year of renewal

    To enjoy these benefits?

    • Complete the application process
    • Effect premium payment
    • Observe the terms and conditions outlined in the Policy Document

    Documentation

    • Completed proposal form
    • Proof of ownership
    • Vehicle License
    • Acceptable proof of identification
    • Photographs of all sides of the vehicle, including photo showing the License Plate on the vehicle

    Exclusions and Limitations

    • Mechanical or electrical breakdowns
    • Damage to tyres unless motor car is damaged at the same time
    • Any incident which happens whilst the car is being used outside the agreed limitations
    • The first amount of each claim for loss or damage (known as the “excess”), unless you have purchased the 'excess buy back'
    • Loss or damage arising from the vehicle being filled with adulterated fuel
    • Theft of your vehicle, accessories or parts if unattended and left unlocked and / or the keys to the ignition are left with the vehicle
    • Loss of or damage to the vehicle whilst the driver is under the influence of alcohol or drugs
    • Wapic will pay the lower of the current market value at the time of the incident or the value noted in your schedule
    • Loss of use or consequential losses
    • If at the point of making a claim, it is discovered that the vehicle is also insured by other insurance companies, the cost of claim will be shared with the other insurers

    Switching between policy covers

    Yes you can. With the Moov product suite, it is very easy to switch or migrate between product categories. All you have to do is simply follow the underlisted steps to migrate to your preferred product choice:

    • Identify the Motor product you wish to switch to
    • Request for a product migration form from our sales advisor
    • Complete and submit the migration form indicating your preferred product
    • Pay the additional premium as required
    • Your request will be processed subject to terms and conditions
    • You can begin to enjoy a new product category within 48 hours Is there provision for full or partial refund?

    Refund policy

    The policy is non-refundable

    Cover for non-owner driver

    Yes. Wapic covers the legal liability for loss or damage to someone else's property by any person who is driving, provided the y are fully licensed and operated the vehicle with your permission

    In case of an accident

    • Notify the Police immediately
    • Note the insurance details of the third party involved

  • Moov Luxury

    (Comprehensive)

    X

    MOOV Luxury

    This is an insurance product that pays for damages to your vehicle as a result of theft, accident or fire. It covers third party damages for which you are liable. With this policy, the cost of replacing or repairing your vehicle is covered no matter who is at fault. If needed, you can buy additional features such as increased third party along with the standard features of the product.

    Features

    • Third party property damage (up to N1million)
    • Third party bodily injury and death (Unlimited)
    • Covers loss from fire damage to the insured vehicle
    • Covers theft of the vehicle
    • Covers accidental damage to insured's vehicle
    • No policy deductible / Excess applies Includes towing limit (up to N10,000.00)
    • Personal accident benefits for the insured (up to a limit of N100,000)
    • Loss of personal effects (Up to a limit of N30,000.00)
    • Riot, strike and civil commotion (RSCC)
    • Authorised repair limit (up to N50,000)
    • Free tracker if vehicle value is N3million and above Passenger liability (N75,000 per person and a maximum of N350,000 per vehicle)
    • Increased third party property damage (TTPD) up to N2million Own damage caused by flood

    Benefits

    • Covers third party property damage
    • Covers third party bodily injury and death (Unlimited)
    • Covers cost of repairs caused by fire damage
    • Covers cost of repairs for own damage Indemnifies you in case vehicle is stolen
    • Nil depreciation on total write off for a brand new vehicle of

    To enjoy these benefits?

    • Complete the application process
    • Effect premium payment
    • Observe the terms and conditions outlined in the Policy Document

    Documentation

    • Completed proposal form
    • Proof of ownership Vehicle License
    • Acceptable proof of identification
    • Photographs of all sides of the vehicle, including photo showing the License Plate on the vehicle

    Exclusion and Limitations

    • Mechanical or electrical breakdowns
    • Damage to tyres unless motor car is damaged at the same time
    • Any incident which happens whilst the car is being used outside the agreed limitations
    • Loss or damage arising from the vehicle being filled with the adulterated fuel
    • Theft of your vehicle, accessories or parts if unattended and left unlocked and / or the keys to the ignition are left with the vehicle
    • Loss of or damage to the vehicle whilst the driver is under the influence of alcohol or drugs
    • Wapic will pay the lower of the current market value at the time of the incident or the value noted in your schedule
    • Loss of use or consequential losses
    • If at the point of making a claim, it is discovered that the vehicle is also insured by other insurance companies, the cost of claim will be shared with the other insurers