Anchor insurance – Life happens, one cannot rule out the possibility of hazards and unforeseen circumstances in the course of going about daily activities that make the essence of living.
We often times found ourselves in positions we never budgeted for, more often car collisions and accidents, fire disaster, damages caused to others by our very own actions or the other way round.
Given these, you need a backup plan in place to help ameliorate the effect of these challenges when they come knocking especially at a time we are least prepared to tackle any form of financial challenges head-on.
Consequently, if you are looking to buy an insurance policy in Nigeria but at crossroads on where and how to go about it, here is the best guide you’d ever read on the internet pertaining this subject matter.
This guide will deal particularly with one of the leading insurance policy providers in Nigeria “Anchor insurance.”
If you’ve heard about Anchor Insurance Limited good, if not then read on.
What is Anchor Insurance?
Anchor Insurance is one of the insurance policy providers in Nigeria registered and licensed by the apex body “National Insurance Commission (NAICOM)” as a general business but non-life insurance provider in 1989.
This company seek to be the most innovative and preferred provider of the business insurance services in Nigeria.
Products offered by Anchor insurance include
- Auto Easy
- Burglary and Housing
- Hall and Cargo
- Anchor LoEis and
- Agricultural insurance
Auto Easy/Motor Insurance
This is a third party motor insurance aimed at indemnifying another driver/his vehicle from damage or injury rising from your action.
Anchor Insurance provides a third party auto insurance on a scratch card based.
Your auto insurance could be activated via Web/SMS, it’s configured into “Auto easy scratch card.”
All you’ve got to do is sign up for a user name and password.
How Anchor insurance works
Either you apply the SMS or Web version
Kindly follow the under listed steps to get going
- Scratch off the silver panel to uncover the PIN on the scratch card purchased
- The agent from whom you bought the card you make an agent code available to you
- Activate your policy by dialing *PIN*Agent code*Insured name*Engine No*Chassis No*Reg No
- In a situation you do not have the Reg No, kindly type letter “N.”
- Send the above as SMS to 08075590900
This can be done on the Insurance website
- Visit anchorautoinsure.com/anchorauto/logon
- Enter your user name and password, sign up if a new user
- Click on the generate policy utility as seen at the bottom
- Enter required details then hit the update button
Benefits of this insurance
- It’s genuine
- It swift, seamless and saves time
- It’s verifiable on FRSC and the Nigerian Police data base through NIID platform.
The business interruption policy
This policy is meant to provide compensation against financial losses suffered in consequence of the interruption in the business of insured resulting from eventual/material damage under fire policy.
Hull and cargo policy
In this policy, anchor insurance deals with “Marine cargo and Marine Hull.”
a. Marine Cargo: This deals with policies contained in clause “A” and “B.”
While “A” sees to all risks, and “B” takes care with average or clause “C.”
Required documents include,
- Duly prepared Form “M” from the bank and
- Corresponding invoice
While every other thing is in check, the marine cargo Policy is meant to be on open cover or single transit.
b. Marine hull: This is a policy that covers all ocean vessels including fishing trawlers and speed boats.
- Certificate of valuation
- Out of water survey report
- Certificate of sea worthiness
- Classification certificate
Burglary and house breaking policy
This is a policy that provides compensation for loss or damage to movable properties, household goods and personal effect, in event of forcible and violent entry or exit.
Damages on attempt of theft or violence are equally indemnified.
Frequently asked questions
Anchor Insurance third party?: The third party in this policy is like a third party in any insurance policy.
A third party refers to a person who sustained injuries, damages to properties in effect of the direct or indirect actions of the insured.
Example: Assuming Mr. Bernard buys auto insurance policy from Anchor insurance, if on the cause of driving his vehicle he damaged Mr. Dominic’s car.
It’s binding on the insurance company to indemnify against this damage. Mr. Dominic whose vehicle is being damaged and will be repaired by the insurance company is the third party here.
Anchor insurance contact?: You may have a need to reach out to Anchor insurance customer support for enquiry or complaint, kindly use this number: 08067617500