- How does insurance work?
- Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.
- Do you accept Installment payments?
- No premium, no cover.
- Do Insurance Companies pay claims?
- At Regency Alliance Insurance Plc, we make it our duty to keep our promises on prompt claim settlements.
- If a claim occurs, what can I do?
- Report to the nearest branch office of Regency Alliance Insurance Plc, as soon as possible.
- Is Insurance not a waste of money?
- No. You buy peace of mind and transfer of risk with premium you pay for insurance, When the unexpected happens to you, your property or business you are sure that an institution like Regency Alliance is there for you and you can be sure of adequate restoration or compensation.
- What are the compulsory insurances?
- The following are compulsory insurance.Third Party Motor Insurance
Builder’s Liability Insurance
Fire & Special Perils on public buildings
- How promptly does Regency Alliance Insurance Plc settle claims?
- We settle claims within a week after all documentations have been submitted.
- In case of an accident, what does Regency Alliance require me to do?
- In the event of an accident, look for ways to minimize the extent of the damage and please notify the company forthwith in writing.
- What is the difference between comprehensive and third party?
- The difference between comprehensive and third party insurance is that the comprehensive insurance will not only compensate for the death or bodily injury and/or damage you cause to another person’s property but will also compensate you for damage to your vehicle and theft of your vehicle whereas third party only takes care of damage and /or injury you cause to other people i.e. third party (ies)
- What makes Regency Alliance better than other Insurance Companies?
- Drawing on deep industry and underwriting expertise, superior claims handling and market experience, Regency Alliance stands out with offers of customized Insurance Products in collaboration with our intermediaries and Technical Partners all over the world. Our Mission is to create wealth for all stakeholders and mitigate risks associated with it.
- What is Regency’s branch network like? Do we have branches in major cities like Abuja and Port Harcourt?
- Yes, Regency Alliance Insurance Plc has branches nationwide and we do have branches located in major cities like Abuja, Ibadan and Port-Harcourt. See Contact us Section for our Branch and Regional Office Listing.
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