This article explains subrogation in the Nigerian insurance industry, detailing how insurers can recover claim costs from third parties responsible for the loss. It covers the legal framework, process, types, importance, challenges, and best practices for policyholders to facilitate effective subrogation.
This article explains liability insurance, covering its definition, types, and applications. It highlights its importance for businesses and professionals in Nigeria, offering protection against unforeseen claims and legal actions. It also guides on selecting the right liability insurance to ensure financial stability and growth.
This article provides comprehensive insights into vehicle third-party insurance in Nigeria. It covers its definition, coverage, legal requirements, and how to check policy validity. Notably, it highlights recent premium changes by NAICOM. The FAQ section addresses common queries, and it concludes with a reminder to ensure valid insurance coverage and contact information for inquiries.
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