The fire insurance policy offers cover against an unexpected loss or damage to property due to fire or other risks covered under the policy agreement.
Insurance agents are middlemen between customers and insurance companies. They sell insurance policies to customers on behalf of their agency (the insurance company) they represent.
The term insurance is pretty straightforward. It is a contract that provides protection to an entity against a loss. This protection, therefore, guarantees reimbursement from an insurance company. Protecting yourself is not uncommon. However, it becomes sacred when the law is involved. There is a legal agreement that covers two parties. That is, the insurer […]
Every business demands a subscriber make timely payment to continue enjoying the services provided; Insurance companies are no exception
Read on to know more.
Liability Insurance is a part of general insurance that provides an insured with protection against negligence for accidental loss or damage to property or bodily injury (including death) to a person.
Life throws the unexpected at us. While we usually can’t prevent these things from occurring, we can opt to give our lives a bit of protection. Insurance provides us with some measure of protection, at least financially, should a disaster happen.
As a policyholder, this is also the time to go through your insurance policy contract thoroughly – find out what it covers and what it doesn’t cover to avoid any challenges during claim processing and also to guide your actions during this trying period.
We all know insurance costs money. However, a term that is often new when you first start buying insurance is regarded as ‘premium.’ Here, we discuss the basics to help you understand what an insurance premium is and how it works in Nigeria. What Is an Insurance Premium? An insurance premium is the amount of […]
Because we can’t predict the future, we want to be ready to cover our financial needs if, or when, something bad happens. Insurance companies understand this and provide insurance policies to protect us from unforeseen calamities. These could range from diseases to disabilities and everything in between. While we always hope for luck to be […]
As the premier insurance body in Nigeria, the National Insurance Commission (NAICOM) perform several functions ranging from regulation to monitoring and developing new systems. This article discusses everything you need to know about NAICOM in full. NAICOM – History and Overview The National Insurance Commission, NAICOM regulates the practice and operations of Insurance in Nigeria. […]