Evaluation of the Level of Information Drivers Have on the Compulsory Third Party (CTP) Insurance of Motor Vehicles in Uromi, Nigeria

Abstract

This paper seeks to evaluate the levels of information drivers have on the compulsory third party insurance of motor vehicles using Uromi, a town in Edo State, Nigeria as a case study. It has been observed that Third Party Vehicle Insurance is own by virtually every Nigerian vehicle user. This has been accredited to the strict regulations be the Nigerian Road Safety Corps, Vehicle Inspection Officers (VIOs) and the Nigerian Police Force. Oral interview was used to collect information from one hundred respondents across the Uromi Extraction. It was revealed that most of these vehicle users do not claim the benefits associated with the insurance they regularly pay for in cases when such incidence occurs. They rather, on their own takes care of the bodily harms on another in which they have insurance. This we believe is due to the level of information which the vehicle owners have concerning the third party insurance system.