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At A Glance

Cornerstone Insurance Plc offers straightforward motor cover across comprehensive and third-party options, with a strong ₦3 million third-party property limit and unlimited reasonable liability for third-party death or injury. As one of Nigeria's longer-established insurers, Cornerstone combines digital policy purchase with NAICOM regulation.

Compare Plan Benefits

Claims & Support

Report any incident to Cornerstone promptly and provide the documents requested to support your claim. The comprehensive policy covers accidental damage, fire, and theft to your own vehicle alongside third-party liabilities, with limited refunds for medical expenses and personal effects. Confirm the documents needed for your specific claim type before submitting.

How to Make a Claim

Notify Cornerstone promptly after an accident, theft, or fire incident
Complete a claim form and provide your policy details and photographs of the damage
For third-party claims, supply the third party's details and a police report where applicable
For theft or fire, submit a police report and proof of ownership
Provide receipts where claiming refunds for medical expenses or personal effects
Contact Cornerstone customer support for repair authorisation and claim queries

Cornerstone Plans

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1.

Comprehensive Private Motor Insurance (5% of car value per year) : Cover includes accidental damage to the insured vehicle, loss or damage from fire or theft, and damage to third-party property up to ₦3,000,000. Unlimited but reasonable liability applies for third-party death or bodily injury. Limited refunds are available for medical expenses and limited benefit for loss of personal effects.
2.

Third Party Motor Insurance (₦15,000 per year) : Statutory cover providing damage to third-party property up to ₦3,000,000 and unlimited but reasonable liability for death or bodily injury to third parties.

Who Should Consider This

1.

Drivers who want simple, compliant cover: The Third Party Motor Insurance plan meets the legal minimum with a strong ₦3 million property limit at a flat ₦15,000.
2.

Private vehicle owners seeking full protection: The Comprehensive Private Motor plan covers own damage, fire, and theft alongside third-party liabilities, suiting owners who want complete cover without complex add-ons.
3.

Buyers who prefer digital purchase : Cornerstone's online quote and purchase process suits motorists who want to arrange cover without visiting a branch.

nairaCompare Insight

Cornerstone's motor range is deliberately uncomplicated, which is its main strength. Both the comprehensive and third-party plans lead with a ₦3 million third-party property limit and unlimited reasonable liability for death or injury, so the protection that matters most in a serious accident is clearly defined. For drivers who find longer benefit lists confusing, this simplicity is genuinely helpful.

The trade-off is that medical refunds and personal-effects cover are described as limited rather than quantified, so it is worth confirming those figures before buying. Use nairaCompare to compare Cornerstone's comprehensive plan against AIICO, Leadway, and AXA Mansard at the same 5% premium rate, paying particular attention to medical and own-damage limits.

About Cornerstone Insurance Plc

Cornerstone Insurance Plc is a leading Nigerian insurer incorporated in 1991 and headquartered in Victoria Island, Lagos. The company underwrites a wide range of life and non-life products, including motor, aviation, marine, engineering, asset protection, takaful, and life cover for corporate and individual clients. It operates a branch network across major Nigerian cities, with FIN Insurance Company Limited and Hilal Takaful among its subsidiaries, and is regulated by NAICOM.

CONTACT ADDRESS 21 Water Corporation Drive, Off Ligali Ayorinde Street, Victoria Island, Lagos

WEBSITE www.cornerstone.com.ng

PHONE NUMBER 08106000800 / 01-2806500

EMAIL ADDRESS ecare@cornerstone.com.ng

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