Sovereign Trust Insurance – What You Should Know

Sovereign Trust Insurance must be included when discussing insurance providers who have excelled in the financial sector.

One of the top insurance providers in Nigeria, Sovereign Trust Insurance began operations in 1995.

The company, which has offices around the nation, provides insurance and risk management services with the goal of being a highly professional organization that delivers distinctive risk management services and enhanced claims settlement procedures.

Sovereign Trust Insurance Management Structure

The Sovereign Trust Insurance Plc management team is made up of people with strong professional and entrepreneurial track records. A Managing Director, who doubles as the CEO, heads the organizational structure of the business.

Two Executive Directors support the CEO, one of whom is responsible for marketing and the other for technical matters.

The General Manager, who is also the divisional head of Finance and Administration, is a member of the Management Board.

The Deputy General Manager, who is in charge of risk management and compliance, is an additional option.

However, if we omit to mention the thirteen assistant general managers who are in charge of various sub-departments, the management board will not be complete.

Products Offered by Sovereign Trust Insurance

The Sovereign Trust Insurance company as earlier mentioned is an insurance company that offers a wide range of insurance services tailored to meet the specific needs of company’s clients.

The services they offer include:

1. Family well-being insurance.
2. Motor insurance.
3. Oil and Gas insurance.
4. Marine insurance.
5. Easy travel insurance cover.
6. All risk insurance.
7. Aviation insurance.
8. Burglary House Breaking Insurance.
9. Healthcare indemnity insurance.
10. Consequential loss insurance.

Claims Processing With Sovereign Trust

The company has outlined the way in which customers can process claims. They advise that customers willing to process claims should visit the company’s website and fill out the necessary information on the claims form.

Therefore, to allow a smooth and prompt processing of your claim, the following documents would be required for THIRD PARTY:

1. A completed Claim Form.
2. A copy of a valid Vehicle License.
3. Pictures of the damaged vehicle.
4. Estimate of repairs from a garage/ vehicle workshop.

In the case where a Third Party is involved, it is required that a letter of acceptance of liability from the Third Party/ Third Party Insurance Certificate/ Police Report must as well be presented.

For a THEFT-CLAIM, you will provide the company with the following:

1. Police Report.
2. Driver’s licence.
3. Purchase Invoice/Receipt.
4. Original & spare of Ignition Key (if vehicle was stolen in a stationary position).
5. Original Certificate of Insurance, Road Worthiness, Vehicle Licence, Proof of Ownership.
6. Letter of Transfer of Ownership to Sovereign Trust Insurance plc  (If they later find the vehicle)

As an alternative measure, you can contact their claim team via email at [email protected] or call 0700-STIPLC. It is furthermore required that all requested documents must be submitted by email to [email protected] or by post to Sovereign Trust Insurance plc, No 17, Adetokunbo Ademola, Victoria Island, Lagos.

Conclusion

For the fact that insurance companies are out there to ensure you live a better life, one of the foremost Insurance companies in Nigeria has placed you at the centre of their plans.

You can contact Sovereign Trust Insurance company through 07000784752, 017008609 or 17, Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria. Or [email protected].