General Insurance Services

Motor Insurance

We provide financial coverage in the event of accident, theft, vandalism or collision involving a motor vehicle. Universal Insurance Plc covers all vehicles, ranging from cars to converted buses and trailers.
At Universal, our vehicle insurance specializes in providing the specific coverage you need so you can feel safe out on the road. From cars to long vehicles, we’ve got you covered, wherever your travels may take you.

Our Auto insurance package offers a variety of specialty coverage options that can be tailored to meet your specific needs. We help you decide which coverage is right for you, so you can be confident you are fully protected against potential losses and damages.

Coverage Options

• Bodily Injury and Property Damage Liability Coverage
• Medical Payments Coverage
• Emergency Expense Coverage
• Scheduled Medical Benefits and Disappearing Deductibles Coverage
• Replacement Cost Personal Effects Coverage
• Deluxe Package Coverage

Fire Insurance

No matter how careful you are, a fire could strike your home at any time. It could be due to faulty wiring, or a fire could start in your neighbor’s residence… and your home could suffer serious smoke or water damage.

Your landlord is probably covered for structural damage, but if your possessions are ruined, in most cases you would collect nothing or very little from your landlord’s policy. Suppose you had just purchased a new TV, VCR, a piece of jewelry, or a computer? You’d suffer a total loss. You’ve worked too hard to let this happen, especially now, when fire insurance protection from Universal is affordable and so easy to get.

What the policy covers

As a policy holder, the contents of your home are protected against all these problems related to fire – Smoke damage,
Damage to furniture, clothing and appliances, l

Plus you have the option of adding burglary and personal liability coverage to your policy.

Accident Insurance

Universal’s accident plan features a flexible plan design so that you can choose the coverage that best meets your individual needs. Coverage is available for both on and off-job accidents and several options are available so you can choose any additional protection you or your family may need. The options provide extra coverage and benefits for expenses resulting from hospital confinement due to a covered sickness, health screening tests, and disability due to a covered accident or a covered sickness.

Our supplemental accident plan offers the following types of benefits:

Accidental Injuries Benefits
Coverage for specific injuries and losses you may suffer in a covered accident including burns, dislocations and fractures.

Hospital Care Benefits
This coverage will help you with the hospital bills and expenses related to a covered accident. Such expenses include hospital admission, daily hospital confinement, intensive care, ambulance charges and emergency room expenses.

Accidental Death Benefits
These benefits will help your family meet continuing needs in case of an accidental death. The death benefit is increased if the accidental death occurred on a common carrier such as a commercial airplane or subway system.

Engineering Insurance

At Universal Insurance Plc, we understand that when it comes to insurance cover, each business has its own specific requirements. That’s why we’ve developed an insurance policy specifically for the engineers sector.

Engineers risks tend to be more complex than standard commercial risks, and it’s therefore essential that you deal with an insurer who really understands your business. We have a team of dedicated, qualified insurance specialists, with a range of experience who really understand the engineers sector. And by dealing directly with our customers, we can ensure that we keep our insurance premiums low, without cutting any of the cover you need.

Our engineers insurance is tailored to cover the assets, earnings and legal liabilities of your business. The standard policy provides cover for a range of risks including public and product liability, business interruption cover and cover for your trade contents, machinery, plant and stock. However, we know that every business has quite different insurance needs, so we also give you the choice of including a number of optional extras such as cover for your buildings.

We’ve already helped numerous companies to save money on their business insurance. Why not contact us now to learn more about what we could do for you.

Marine Insurance

We take to marine coverage like a duck to water. No matter where your company is setting sail, you want someone on board who knows the waters. You couldn't ask for a better mate than Universal Insurance. We're one of the leading underwriters of marine insurance solutions, working with companies involved in international trade, marine construction, terminal operations or other marine related businesses-just to name a few.

The marine specialists at Universal can create customized marine insurance programs for your company's most daunting risks. We offer local coverage in more than 10 countries, along with significant global capacity to meet your needs in all corners of the world. And if a claims situation does arise, we have a staff of highly trained marine claim specialists, including qualified average adjusters, to handle it quickly and painlessly. So you can get right back to navigating your business.

Bonds, Guarantees & Indemnities

Now you can have the best of both worlds: bonds with one of Nigeria's most reliable and experienced Insurance company at the most competitive prices. Under this class we underwrite Performance bond, Advance Payment Bond, Custom Bond etc. Performance Bond guarantees satisfactory performance of a project by a contractor, while Advance Payment Bond guarantees the satisfactory utilization of the fund advanced for the project.

The following are required or the execution of the bond:

• Letter of award of contract
• Memorandum and Article of Association of the company
• Three years tax clearance certificate
• The company’s three years final account
• Evidence of past performance
• Two passport photograph of the director
• Personal indemnity to be executed by the director
• Collateral