By Habibat Aliu
An underwriting firm, SUNU Assurance Nigeria Plc has assured insurance consumers of prompt claim settlement in the country.
In keeping to its promises during the yuletide, a banker, Okoro had insured his vehicle, a Range Rover 2018 model at about N70 million and bought a comprehensive insurance cover at about N2 million from the insurer.
Mr. Okoro went on to renew his policy in the second year, meaning he has insured the jeep for two years.
In the second year, his wife drove the jeep out for grocery shopping at a supermarket where she parked it, a tanker driver lost control and crashed the tanker into the jeep where it was parked along with three other vehicles.
He contacted his insurer, SUNU Assurances to seek compensation (indemnity) and sought to have a new jeep because the damage destroyed the whole back side of the vehicle.
SUNU, upon validating Okoro’s claim, agreed to buy him a new jeep, exactly like the accidental jeep subject to the limit of the sum insured.
Excited, Okoro praised the insurance company saying that the experience is the best he has had in his life.
He said SUNU helped his family not to suffer depression as his wife was greatly traumatised after the accident.
The Managing Director of the company, Samuel Ogbodu, called on Nigerians to take advantage of insurance in their day-to-day activities, noting that, insurance is very good.
He said, his insurer has paid N1.14 billion in claims to the insured as of September 2022 and will pay more before the end of the year.
He further advised Nigerians not to wait to have a bad experience before keying into insurance.
He called on individuals, corporate entities, and state and federal government agencies to insure their lives and assets against the New Year.
Ogbodu, said, SUNU Assurances brand remains committed long as in business to pay claims to policyholders when they suffer loss.
He said: “insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you.
“If you have no insurance and an accident happens, you may be responsible for all related costs.”
The Head, of Claims, Technical Group, Bamidele Akande, who also commented on the development confirmed that the negligent truck was not insured at the time of the accident.
“We are supposed to get subrogation from the tanker’s insurer but it will take a long process because he does not have a current certificate of insurance. But we will take it up with the recovery agent who will pursue it but we will have to first settle the client so that he does not feel any pain or stress.
“We may later get something from the owner of the tanker who fails to insure his truck before putting it on the road.
