Home Insurance Otedola bridge accident insured vehicle owners to get claims – NIA

Otedola bridge accident insured vehicle owners to get claims – NIA


Barely nine weeks after the unfortunate petrol tanker accident at Otedola bridge in Lagos in which scores of vehicles were burnt and 12 lives lost, insurance companies are already working out modalities on how insured vehicle owners involved in the accident will be paid their claims.

The Nigeria Insurance Association (NIA), the umbrella body of all risk underwriting companies in the country is working with its members to ensure that no victim with insured asset is denied his/her claims.

The association confirmed at the weekend that already seven out of the 54 vehicles that were burnt in the accident were confirmed to have comprehensive insurance while 22 others had third party insurance cover for their vehicles.

The Director-General, NIA, Mrs Yetunde Ilori, who gave these hints on what the association is doing to ensure that insured victims get paid for their losses, said that the ownership and full details of 15 vehicles were yet to be ascertained.

According to her, investigations were still ongoing on how to know the owners of the unidentified vehicles as the various insurance companies that provided cover for the affected vehicles had been notified.

She also explained that the association had advised the underwriters not to wait until the owners come forward because they have the details, they should contact the owners on time and commence the claims payment.

Ilori assured that vehicle owners with comprehensive insurance would be paid their claims while those with third party insurance would be taken care of by the owners of the petrol tanker.

It would be recalled that the petrol tanker accident occurred on June 29 this year with 12 lives lost in the associated inferno.