With this cover you are rest assured that if your vehicle is damaged or lost in the following circumstances listed below, AXA Mansard insurance will protect you.
- by accidental collision or overturning
- by collision or overturning caused by mechanical breakdown
- by collision or overturning caused by wear and tear
- by impact damage caused by falling objects
Civil Liability Benefits
Covered under travel insurance as the benefits due to third parties as a result of damage to property or physical injury caused by you.
When the risk being protected against occurs and the insured asks for compensation, this is termed a Claim. Claims are paid upon provision of evidence that the risk or loss has occurred.
Equity Income Fund
This is a type of mutual fund where the funds are invested in shares, stocks and equities as traded on the Nigerian Stock Exchange. This type of mutual fund is a high risk, high reward/yield (interest rate) investment type. It is managed on your behalf by a team of experienced fund managers and as such is an easy type of investment for beginners who want to invest in the stock market. Due to the volatility and fluctuations of share prices there is potential for high interest and also high risk of falling share prices. The fund itself has its own fund price per unit of the fund and you buy into the fund based on the fund price of the day. The fund price also changes based on an aggregate weighting of all the individual shares, equities that make up the fund portfolio.
The idea of purchasing an insurance policy is to protect you and your business against unwarranted and unexpected costs. However, even with an insurance policy in place, you will most likely still be liable for the ‘excess’, or the amount that you have to contribute towards each and every claim under an insurance policy. Excess buyback is a benefit that provides you with cover for your motor compulsory excess; this benefit supplements your motor insurance and ensures that your excess is zero. For example, in the event of a motor claim you do not pay anything!
Fire damage to vehicles is always a scary situation and can obviously do a lot of damage. You can enjoy full protection for fire damage to your vehicle with this benefit, regardless of what caused the fire.
Flood Storm & Tempest
During a flood, rising water levels caused by heavy rains may get into your vehicle's engine and interior, potentially causing a lot of damage. A flood can easily total out your vehicle. There is a need to have the proper financial protection if your car ever needs repairs or replacement due to flood damage.
Medical Expense Benefit
This cover will ensure that you are paid a certain amount for medical expenses incurred in connection with any bodily injury resulting from an immediate accident with the Insured Vehicle. ‘Immediate’ means treatment commencing within 24 hours of the time and of the accidental bodily injury.
Money Market Fund
This is a type of mutual fund where the funds are invested in money market instruments – a variety of investment securities including treasury bills, bonds, commercial papers, real estate etc. and excluding equities and shares. This type of mutual fund is a low risk, low-average reward/yield (interest rate) investment type. It is managed on your behalf by a team of experienced fund managers and as such is an easy type of investment for beginners who want to invest safely without the possibility of losing their initial capital. The fund itself has its own fund price per unit of the fund and you buy into the fund based on the fund price of the day. The fund price also changes based on an aggregate weighting of all the money market instruments that make up the fund portfolio.
A mutual fund is an investment vehicle made up of a large pool of money collected from a large number of people which is then invested in a variety of investment instruments such as money market instruments (treasury bills, bonds, commercial papers etc.), stocks, bonds and equity. Mutual funds are managed by professional assets managers and are listed and recognized by regulatory authorities. Each mutual fund has its own unit price based on the weighted average of all the individual instruments and/or equities that make up the fund. As an investor you essentially buy into the fund at the current fund price and the interest rate applies immediately.
Mutual Funds offer easy entry and exit for the investor as they are very liquid, without any charges.
This is simply the cost of the insurance i.e. the amount you pay for the insurance cover. Premium must be paid for you to be deemed to be under cover/protection.
Strike Riot Civil Commotion
Enjoy maximum protection from any loss or damage to your vehicle directly caused by strikers, locked-out workmen, persons’ participation in labour disturbances and riots of various kinds.
This is the monetary value that you are paid upon the successful processing of a claim due to an occurrence of a risk covered by the insurance policy/plan. The sum assured is usually paid into your account or the account of a named beneficiary in case of a third party benefitting from the policy, in the case of a life insurance policy.
If you're a victim of vehicle theft, you will typically be responsible for replacing the car yourself or any damages incurred to the vehicle if it is recovered. But with Theft cover we will ensure that you are protected against vehicle theft and related damage. We will replace/repair your vehicle if it is stolen or damaged as a result of theft or attempted theft. Alternatively a cash equivalent of the vehicle value will be paid to you in the event of a claim.
Third Party Property Damage
This refers to any physical property belonging to a third party that is damaged as a result of the accident caused by you/your car e.g. a fence, a building, shop, bicycle etc. We will cover you for any damage to a third-party’s property up to a limit of N1million.
Third Party Vehicle
This refers to the other vehicle or vehicles that suffer damage as a result of the accident caused by you/your car. We will cover you for any damage to a third-party’s car up to a limit of N1million.
The last thing you want to do when you're stranded on the roadside is panic about how expensive the towing cost will be. That’s where a common option like our towing benefit can help. Towing benefit is an optional coverage that typically protects you against some of the costs and hassles associated with common roadside breakdowns like dead batteries, flat tires or even an embarrassing lockout.
Enhance your cover with a vehicle tracker. This involves the installation of an electronic device in your vehicle so as to enable you to track the location of your vehicle at all times. The tracker will ensure that your vehicle is located and recovered no matter where it is hidden. So, with this benefit you never worry about having your car stolen.
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