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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 GH¢ 3,000.00
    • Unlimited third party death and bodily injury
    • Personal Accident Cover of GH¢ 2,000 for the driver

    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 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 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 also 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 also 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

  • Yacht

    X

    Yacht (Pleasure Boat) Insurance

    This provides indemnity to the owners and/or charterers of a ship / vessel, against loss or damage to the subject matter of insurance (i.e. the ship / vessel) as a result of maritime perils.

    Features

    • Coverage available for a wide range of risks, including brown water vessels.
    • Flexible programs, tailored for client needs.
    • Covers negligence of masters, officers, crew or pilots( though they are not to be considered as owners).
    • Covers protection and indemnity
    • It provides cover for both the vessel and Machinery.
    • It cover Insured liabilities to third parties

    Benefits

    • Covers loss or damage due to perils of the seas, rivers, lakes or other navigable waters.
    • Covers fire and explosion (including lightning for Institute Time Clauses Hulls)
    • Covers violent theft by persons from outside the vessels
    • Covers accident in loading, discharging or shifting cargo or fuel.
    • Underwriting, claims, recovery, loss control and risk management services provided by marine specialists.
    • It could be on New for Old arrangement.

    Claims documentation requirements

    • Repair estimate from a certified mechanic.
    • Clear photographs of the damaged vehicle
    • Police report in the event of injury or death of a third party

    Documentation

    • Completed proposal form
    • Certificate of incorporation
    • Certificate of seaworthiness
    • Most recent survey report

  • Marine

    X

    MARINE

    Marine Cargo Insurance provides indemnity for loss or damage to imported goods being conveyed by sea or air.

    Features

    • Ship being stranded, grounded, sunk or capsized
    • overturning or derailment of other land transport
    • collision of the ship or other form of transport with any external object
    • General Average & Jettison

    Benefits

    • Protects you from footing the bill of loss/damage of cargo
    • Provides unlimited cover for third party property loss
    • Cover is warehouse-to-warehouse; from the time the goods leave the seller to the place of storage at the final destination
    • Wapic offers an annual open cargo policy which automatically insures your shipments on set terms, conditions and rate without the need to contact us each time.

    To enjoy these benefits?

    • Original policy or certificate of insurance
    • Original or copy shipping invoice, together with shipping specification and/or weight notes.
    • Original Bill of Laden and/or other contract of carriage
    • Survey report or other documentary evidence to show the extent of the loss or damage
    • Landing account and weight notes at final destination.
    • Discrepancy certificate
    • Correspondence exchanged with the Carriers and other parties regarding their liability for the loss or damage

    Documentation

    • Copy of Form M
    • Country of origin / destination
    • Proforma Invoice
    • KYC Documentation

  • Home Owners

    X

    Home Owners Insurance

    Home Insurance is a comprehensive insurance that covers damage to a building occasioned by flood, fire and fallen trees as well as injury to visitors to the property. The product also covers the contents of a home such as furniture & fittings, jewelleries, refrigerator and so on.

    Features

    • Covers the loss of rent or the additional cost of alternative accommodation in case of fire
    • Covers replacement of stolen items (based on inventory provided)
    • Covers contents while temporarily removed for cleaning ,renovating, repairs or similar purpose.
    • Spouse is automatically considered an ‘Insured’ under this policy
    • Compensation for damage due to bursting or overflowing of water tanks and pipes

    Benefits

    • Indemnifies in the event of damage to the structures of the house.
    • Indemnifies in the event of loss due to burglary (theft) or fire
    • The policy will also cover you against liability for accidental injury to third parties or damage to their property that occurs on your premises
    • Can be extended to cover larceny (Theft not involving violence or forcible entry/exit is covered)

    To enjoy these benefits?

    • Witness statement / Security report (if any)
    • Purchase receipts / Invoice of stolen items
    • Quotation for the repairs of damage parts from a certified building contractor
    • Police Report (this is applicable if the claim is due to Burglary)
    • Fire brigade report (for fire claims) or Wapic appointed adjuster
    • Photographs of damaged properties or premises

    Documentation

    • Completed proposal form
    • Utility bill/Evidence of address
    • Record of inventories
    • Acceptable means of identification

  • House Holders

    X

    Home Holders Insurance

    This policy is designed to meet the needs of the insured who do not own their home (and therefore do not require building insurance) but still desire protection for their belongings.

    Features

    • Protects against damage caused by burst pipes, flood and earthquakes
    • Provides financial compensation for items lost due to theft or fire
    • Covers public liability
    • Limited Compensation for Death of the Insured due to fire or violent burglary

    Benefits

    • Covers the loss of or damage to the landlord’s fixtures and fittings
    • Covers items stolen during break-ins
    • Legal costs incurred under public liability are also covered
    • Covers losses arising from fire damage or burglary
    • Can be extended to cover larceny (Theft not involving violence or forcible entry/exit is covered)

    To enjoy these benefits?

    • Witness statement / Security report (if any)
    • Purchase receipts / Invoice of stolen items
    • Police Report (this is applicable if the claim is due to Burglary)
    • Fire brigade report (for fire claims or Wapic appointed adjusters report.
    • Photographs of damaged properties or premises

    Documentation

    • Completed Proposal Form
    • Utility bill/Evidence of address
    • Record of Inventories
    • Acceptable means of Identification

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