The statement reads in part,"I entered into a vehicle insurance contract with Leadway covering my Mercedes Benz E 300 2017 model. The insured car was involved in an accident with a trailer on Kubwa express in Abuja on 23/07/2021.
"They did not go to the hospital and they lied that they went there. When I went back to the hospital, I requested for CCTV footage of the said day that I came to the hospital, the hospital management asked me why and I showed them Leadway letter. "The pertinent question is - with attitude such as displayed by Leadway, what is the hope for insurance and adequate/efficient service delivery in Nigeria.”
It said among other things, “You disclosed to us that the vehicle was purchased in April, 2021 while the first servicing was done in Lagos before bringing it to Abuja. However, we discovered that the vehicle was sold via auction on 08/09/2020 with primary damage to front end, secondary damage right front and airbags not reinstalled. Being an accident vehicle, the maximum sum insured value is N7,250,000.00 as against the sum insured of N15million placed on same.
In another letter to Jolayemi Woleola dated October 5, 2021 and signed by Okanke Eze of Claims Department and Onasanya Mustapha for Divisional Director, Leadway Assurance Company said, “We refer to your mail of 17th September, 2021 and letter dated 15th September, 2021 respectively in which you rejected our offer of N3,769,941.56 given to you without prejudice.
Source: News Formal (newsformal.com)
Sorry for he lost next time you are insuring property in Nigeria, engage a broker Ole lo mo ese ole tan lori apata.
You do not even see your vehicle policy documents until you have made the premium payment. So, you do not get to read the fine prints before making a commitment. Assuming there was a clause in the policy that indicated a ceiling value for vehicles formerly involved in accident
Moreover, if a car has been involved in accident and repairs had been undertaken to bring the car back to its original value, what value should it be insured for?
If insurance company do not want cars that has been formerly involved in an accident to be insured and/or want such information disclosed, then it should be part of the question in the proposal form.
If utmost good faith was breached, then why is Leadway assurance offering the client 3.7m?
Customer Accuses Leadway Assurance Company Of Fraud Over Multi-million Naira Claims On Damaged Vehicle | Sahara Reporters
Na job
The client would have been forthright about the car been a auction refurbished car, instead of claiming it new. Insurance companies are very particular about prospects telling the truth before any policy is incepted so as to avoid stories like this
Customer wan defraud insurance company 😂😂😂
Please did heaven fall on this car
This customer is a fraud… but Leadway ready for him. 13m to repair someone seized accidented car — bought from custom auction Did you noticed there’s no picture of the accident. He probably stage this set up. Charge this crook for fraud joor
Radiator almost half a million naira. I thought they were made of aluminum, not platinum. That estimate though.
Who says insurance in Nigeria is fraudulent? Far from it. Always endeavor to be truthful about your declarations (utmost good faith) & note that you can’t make a gain out of insurance. Insurance will put you back to your position before the loss occurred. No more! 👌
The insurance companies in Nigeria are fraud and the most dishonest cooperation in Nigeria.
So... I want to explain a lot of things in the article. I will start by saying that 1. Insurance is not betja. 2. It is a contract and all parties involved must adhere the terms of the contract. 3. Insurance companies are not money doublers...
This guy might need to provide more evidence to support his claims coz in Leadway’s letter to him, they accused him of many things pertaining to breach of contract. I hope they get everything sorted out. We all need to stay truthful in times like these
I've read the article and if it's true the owner of the car hid those facts, he better accept their offer. You bought an accidented car and expect an insurance company to pay you for a brand new one? Insurance companies abroad will sue you on top this kain deceit sef
He played himself
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LeadwayInsure is a pure scam...they have entered debt and they don’t want to stick to agreement...why ask people to insure cars and properties at a very high rate and be unable to settle the customers when problem arises
Na LEADWAY I dey use o
You for use AXA MANSARD!!!
Insurance for Naija na Local scam nah. Leadway self be Gee Company, you Gerrit? If you don't Gerrit forget about it
Ehen nau? Sebi insurance is scam that lives within us? We all know that
Every car owner in Nigeria have a third party insurance, tell me how many times have you seen them call their insurance firm to fix they car of somebody they hit or pay hospital bills of somebody they knocked down.
People should understand insurance before picking a policy. The secret is this, insurance firms in Nigeria will do everything possible to avoid paying because from the day you signed the contract they never had the intention of paying.
Nigeria insurance companies are so frustrating. You will ensure your property and when a tragedy happens to that property the company will be dragging you. So pathetic
The guy is a criminal. The Insurance co is even lenient and understanding. Once you conceal a car's accident records from the insurance co prior to insuring it, it means you are out to cheat them by overvaluing the vehicle in order to raise your possible pay out later
See insurance in naija no dey work no dey waste your money
That na Nigeria for u everything is a scam
Like Leadway like SamuelOgundipe
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