The spokesperson of the Rivers State Police Command, SP Grace Iringe-Koko, has advised motorists to ensure they obtain their Third-Party Vehicle Insurance through a licensed insurance company. This comes as the police commenced enforcement of the third-party vehicle insurance policy on February 1. However, SP Iringe-Koko clarified that the police have not officially approved any specific insurance company for the registration process.
Meanwhile, insurance expert Victor Ogbonna has outlined the registration process for third-party vehicle insurance. In an interview with our reporter, he explained that applicants are required to fill out a form with their personal details and make the necessary payment. He noted that the insurance is valid for one year and offers additional benefits, including coverage for damages incurred while driving in other West African countries, provided the driver holds an international passport.
Ogbonna further elaborated that third-party insurance covers the cost of repairing another person’s vehicle if the insured driver is at fault in an accident. He stated that the policy also includes medical expenses for passengers involved and can provide financial coverage of up to ₦3 million.
“The third-party insurance policy protects the third party against accidents, agricultural damage, or any other form of damage. For instance, if you own a vehicle and have registered for third-party insurance, in the event of an accident, your own vehicle is not covered. Instead, the insurance covers the damages to the other vehicle involved in the accident—that’s why it is called ‘third-party’ insurance,” Ogbonna explained.
