Over the previous years, Nigeria’s National Insurance Commission (NAICOM) has recently been tracking down on fake insurance companies. Many lawbreakers have been shut down, there are still fairly a few fake insurance companies out there to watch out for.
5 tips to identify fake insurance companies
- Fake Insurance Companies tip: Verify Your Policy via Mobile Phone
After you acquire your insurance policy, send an SMS to NAICOM’s helpline at 33125. The following format should be used: policy number and license plate number. After you have sent the SMS, you will get a text message signifying whether or not your vehicle is insured.
Alternatively, visit ww.askniid.org and check your vehicle on their site. If it’s not there, it’s not insured. The Nigerian police use the similar system to confirm vehicle insurance, so be sure that your car is listed there before you hit the road.
- Fake Insurance Companies tip: Buy from Registered Insurance Companies
NAICOM has a long list of approved insurance companies available on their website at naicom.gov.ng. If you purchase insurance from an approved retailer, you won’t get ripped off.
- Fake Insurance Companies tip: Beware of Fake Motor Insurance Certificates
Beware of fraudsters waiting around licensing office parking lots. Their policies may be discounted and the certificates they sell may look genuine, but they’re probably not real.
Following an invasion on licensing offices situated in Ikeja. The Police uncovered a scam in which fake motor insurance certificates were being sold for N2,000. Disturbingly, the fake certificates had genuine looking names and logos of real insurance firms listed on the documents.
Read Also: Nigeria health Insurance for Europe Visa
- Fake Insurance Companies tip: If You Are Currently Using Fake Insurance, Buy Real Coverage ASAP
If you knowingly bought a false motor issuance certificate in order to give the impression as if you are insured in front of a police officer, now is the time to invest in real coverage.
Buying a cheap fake insurance policy today is not only unsafe because fake insurance policies won’t support you if you have an accident, it’s also a waste of money because it’s impossible to slide by with a fake document. Officers are using new mobile technology to authenticate insurance policies. If your insurance policy isn’t real, you could face a huge fine plus up to a year in prison if caught.
- Fake Insurance Companies tip: Don’t Buy Insurance from VIO Officials
People working for the Vehicle Inspection Office seem legit: they wear uniforms and they have the authority to inspect your car. VIO employees do not, however, have the authority to sell insurance to the public– so don’t fall for it if they try to get you to buy. Unfortunately, a few VIO employees have recently been caught selling fake insurance certificates to drivers.