Dashcams are small video recording devices mounted on your car’s windshield or dashboard. They continuously record your journey, capturing valuable footage of the road ahead. In the unfortunate event of an accident, dashcam footage can provide undeniable evidence that strengthens your case and streamlines the claims process.
In Nigeria’s bustling traffic scene, unexpected situations can arise on the road in the blink of an eye. According to the Federal Road Safety Corps (FRSC), there were over 26,000 reported road accidents in Nigeria in 2022 alone. Having a dashcam can significantly improve your claim process if you’re involved in an accident.
5 Significance of Dashcams for Motor Insurance Claims in Nigeria
1. Provides Concrete Evidence: Accidents can be stressful and confusing. Witness accounts can be unreliable, and determining fault can be a complex process. A study by the American Bar Association found that dashcam footage can be influential in over 80% of accident liability cases. This indisputable evidence strengthens your claim and simplifies the process for both you and your insurance company.
2. Combats Fraudulent Claims: Sadly, staged accidents and false claims are not uncommon occurrences. The Nigerian Insurers Association (NIA) estimates that fraudulent claims account for over 20% of all motor insurance claims filed each year. Dashcam footage can expose fraudulent activities, protecting you from being blamed for an accident you didn’t cause. This not only saves you time and frustration but also ensures genuine claimants receive fair compensation.
3. Faster Claims Resolution: Having clear video evidence readily available can significantly expedite the claims settlement process. By eliminating the need for lengthy investigations and witness testimonies, dashcams can help you receive your rightful compensation quicker, minimizing financial burdens after an accident. A report by PricewaterhouseCoopers (PwC) found that claims with dashcam evidence can be resolved up to 70% faster than traditional claims.
4. Protects Against Hit-and-Run Scenarios: Hit-and-run accidents can be incredibly frustrating, leaving you without vital information to file a claim. A study by the National Highway Traffic Safety Administration (NHTSA) in the US revealed that hit-and-run accidents account for nearly 11% of all reported accidents. A dashcam can capture the fleeing vehicle’s details, including license plates and model information, allowing your insurance company to track down the at-fault party and ensure you receive proper compensation for damages.
5. Facilitates Dispute Resolution with Law Enforcement: In the event of an auto accident, ensuring proper documentation with law enforcement can be challenging, especially if there are conflicting accounts of what transpired. Dashcam footage serves as an objective record of the incident, providing law enforcement agents with a reliable source of information for their investigations. The presence of clear visual evidence can lead to quicker resolution of disputes, helping law enforcement authorities make informed decisions and potentially reducing the burden on the legal system. According to a study by the International Association of Chiefs of Police (IACP), dashcam footage has been instrumental in improving the accuracy and efficiency of law enforcement investigations, benefiting both drivers and the legal process.
In conclusion, as a driver committed to responsible and safe driving practices, your decision to install a dashcam will not only enhance your road safety but also ease your claims process in the event of an accident.
Contact PRA Insurance Broker on 0906 437 5345 today and let us help you secure your insurance needs.