Tanker explosion: Insurers to compensate vehicles’ owners

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By Juliet Odey
The explosion occurred due to a combination of vehicular defect, seven out of the 54 vehicles were burnt in the tanker accident.
The Lagos State government has announced that it has discovered the owner of the fuel tanker that was responsible for the explosion that claimed at least 12 lives in the state last month.
Figures obtained from the Nigerian Insurers Association revealed that 22 other vehicles had third party insurance.
The NIA noted that the ownership and full details of 15 vehicles were yet to be ascertained.
According to the association, investigations were still ongoing on how to know the owners of the unidentified vehicles.
The Director-General, NIA, Mrs Yetunde Ilori, said the underwriters that insured the identified cars had been notified of the vehicles under their purview.
“We have told them not to wait until the owners come forward, but because they have the details, they should contact the owners on time and commence the claims payment,” she said.
She said that the insurance companies would settle the claims of vehicles with comprehensive insurance.
However, for vehicles with third party insurance, the tanker will take responsibility for their losses as the tanker was not proved to have any insurance cover.

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