Law Insights
A Guide to Third-Party Motor Insurance in Nigeria
When involved in an accident, many individuals tend to cover the expense of repairs from their own pocket, despite having insurance coverage. While this is a common practice, it is incorrect, a big mistake and one that primarily benefits insurance companies. Introduction: As a first step, let us provide you with a brief overview of […]
REAL ESTATE AND PROPERTY LAW IN NIGERIA
By Vanessa Irenuma Real estate and property law in Nigeria encompasses the legal framework and regulations governing the acquisition, use, ownership, and transfer of real property within the country. It plays a crucial role in ensuring the security of property rights, promoting land development, and resolving disputes related to real estate. Here’s an overview of […]
THE PRINCIPLE OF UTMOST GOOD FAITH
By Vanessa Irenuma The principle of utmost good faith, often referred to as uberrimae fidei, is a fundamental and longstanding concept in the insurance industry. It embodies the idea that both the insurer (the insurance company) and the insured (the policyholder) must act honestly and in good faith when entering into an insurance contract. This […]
PROFESSIONAL NEGLIGENCE-MEDICAL MALPRACTICE
By Vanessa Irenuma Professional negligence, also known as professional malpractice or professional misconduct, refers to the failure of a professional to perform their duties or provide services to a standard expected within their profession, resulting in harm or loss to their client or a third party. In Nigeria, professional negligence can occur in various fields, […]
MATERIAL FACTS IN AN INSURANCE CONTRACT
By Vanessa Irenuma MATERIAL FACTS IN AN INSURANCE CONTRACT A “material fact” in an insurance contract refers to a key piece of information or detail that could significantly influence the terms and conditions of the insurance policy. Insurance companies rely on the accuracy and completeness of information provided by the policyholder to assess […]