Every car owner is at risk of collision on the road and other associated risks, either while on motion or parked; hence, the need for owning motor insurance coverage is imperative for all car owners. This is because motor insurance has the potential to be a powerful tool in managing the liability caused by motorist to other road users. Motor insurance policy is the coverage purchased for road vehicles such as cars, buses, lorries, trucks, vans, motorcycles, and any form of motorized road vehicles. With no doubt, if any vehicle owner owns this policy, it will be preventing from bearing the whole costs of losses arising from property damage and/or bodily injury emanating from traffic collisions as a result of his or her negligence. Furthermore, when theft of vehicle arises, motor insurance coverage allows insurance company to offset a significant portion of the costs of buying new vehicle.There are common types of motor insurance policies in Nigeria with their merits and demerits. When accidents happen, it is usually not about who is wrong or right, but
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