Leadway Pick and Pay Motor Insurance

Leadway Pick and Pay Motor Insurance

Comprehensive insurance on your precious car doesn’t have to be expensive any more with the Leadway Pick and Pay Motor Insurance that offers you the opportunity of a cover with ease.

Designed to suit your specific need, the Leadway Pick and Pay provides a range of benefits per level of cover so that whatever the situation, you can choose a cover that is just right for you. Pick from our array of Auto Platinum, Auto Gold, Auto Silver or Auto Bronze plans and enjoy the freedom of a tailored plan that is made just for you.

The Leadway Pick and Pay Auto Cover… our hassle-free cover for whatever the streets might throw at you!

Offering:

  • The product offers comprehensive third party liability, including death of, or bodily injury to, third parties.
  • The Pick and Pay Auto Insurance will cover you against loss of, or damage to, the motor vehicle and or its accessories caused by any of the following:

(1) Accidental collision or overturning consequent upon mechanical breakdown or wear and tear

(2) Fire, external explosion, self-ignition or lighting, vandalization or theft

(3) Malicious act whilst in transit (including the process of loading and uploading incidental to such transit) by road, rail, inland waterway, lift or elevator

  • The product offers you a reimbursement (up to the product limit in the table below) for medical expenses you may incur as a direct result of an accident with the insured vehicle.

Benefits:

The table below shows the level of cover on the four different plan options from which you may choose:

COVER/FEATURES AUTO BRONZE AUTO SILVER AUTO GOLD AUTO PLATINUM
APPLICABLE RATE ON CAR VALUE 3% 3.50% 4% 4.50%
MEDICAL EXPENSES LIMIT N10,000.00 N20,000.00 N30,000.00 N50,000.00
TOWING LIMIT N10,000.00 N30,000.00 N40,000.00 N50,000.00
LOSS OF PERSONAL EFFECT LIMIT N10,000.00 N30,000.00 N40,000.00 N50,000.00
AUTHORISED REPAIR LIMIT N50,000.00 or 5% of sum insured which ever lower N100,000.00 N150,000.00 N250,000.00
THIRD PARTY PROPERTY DAMAGE LIMIT N1m N1m N2m N2m
PERSONAL ACCIDENT TO THE INSURED N75,000.00 N100,000.00 N300,000.00 N500,000.00
PERSONAL ACCIDENT TO THE DRIVER N25,000.00 N50,000.00 N100,000.00 N250,000.00
VEHICLE TRACKING vehicle above N5m to be tracked Vehicle Above N4.5m to be tracked Vehicle Above N4m to be tracked Vehicle Above N3.5m  to be tracked
POLICY EXCESS N25,000.00 or 10% of Loss WIH N20,000.00 or 7.5%of Loss WIH N15,000.00 or 5% of Loss WIH N10,000.00 or 5% of Loss WIH
STRIKE, RIOT AND CIVIL COMMOTION 0.15% of sum Insured 0.15% of Sum Insured Free Free
FLOOD COVER 0.15% of sum Insured 0.15% of Sum Insured Free Free
DEPRICIATION Graduated Depreciation with 10% as Maximum Graduated Depriciation with 10%as Maximum Graduated Depriciation with 10% as Maximum Graduated Depreciation with 10% as Maximum

No matter the plan option you choose, the Pick and Pay Motor insurance covers the cost of towing the vehicle in the event of an accident. Then, you may enjoy free vehicle tracking, depending on the plan you choose and the cost of your vehicle.Other Benefits:

 Cover Features:

The default cover period for the Pick and Pay Motor Insurance is one year, after which the plan can be renewed. However, you may elect to choose shorter cover periods that may suit you better. For instance, you may choose a monthly, quarterly or semi-annual cover period. For cover periods other than the annual period, the first premium installment payable shall include the full year third party premiums due on each vehicle covered.

Your Next Step:

Select one of the Pick and Pay Plan options that suits you and call: 01-2800700 to speak to any of our representatives who will attend to your requests. You may also e-mail lcs@leadway.com for more information or click the button below to buy right away.

Be the first to know