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Monday, 3 September 2018

Otedola Bridge Tanker Explosion: Insurers to Compensate Only 7 Car Owners


Seven out of the 54 vehicles that were burnt in the tanker explosion that took place on the Otedola Bridge end of the Lagos-Ibadan Expressway recently have been confirmed to have comprehensive insurance.

Figures obtained from the Nigerian Insurers Association revealed that 22 other vehicles had third party insurance. The NIA noted that the ownership and full details of 15 vehicles were yet to be ascertained.

According to the association, investigations were still ongoing on how to know the owners of the unidentified vehicles, Punch reported.

The Director-General, NIA, Mrs Yetunde Ilori, said the underwriters that insured the identified cars had been notified of the vehicles under their purview.

“We have told them not to wait until the owners come forward, but because they have the details, they should contact the owners on time and commence the claims payment,” she said.

She said that the insurance companies would settle the claims of vehicles with comprehensive insurance.

However, for vehicles with third party insurance, the tanker will take responsibility for their losses as the tanker was not proved to have any insurance cover.

The tanker accident, which occurred on June 29, claimed no fewer than 12 lives

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