Introduction Reporting an insurance loss can seem complicated just thinking about it. You recently had a car accident or some other kind of loss to one of your vehicles, your loved one, or your business. And you’re wondering… Should I submit a claim to my insurance company or not? Will there be any negative consequences? […]
General Insurance
Insurance Premium and How it Works in Nigeria
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 […]
Is Disability Insurance A Good Idea?
No, not yet. You might reconsider closing the tab. Disability Insurance may not be what you think it is. Disability Insurance? What in the world of Insurance does that even mean? At first glance, one would imagine this is associated with insurance that caters to the underprivileged and ‘notoriously’ handicapped. We would be glad to […]
All You Need To Know About Cyber Insurance
Cyber insurance is a relatively new form of insurance as opposed to its Life and Health variants. Other novel types could include Engineering Insurance and Device Insurance. With the alarming rate of cyber attacks and threats, cyber insurance is becoming more prominent as a measure to cover the loss and damages of cyber intrusions. The […]
10 Reasons Why You Need An Insurance Policy
Why do I need to buy an Insurance policy? What is the reason people buy insurance policies? What are the benefits of Insurance policies in Nigeria? Truth is that many people conveniently ignore the ramifications of that it would mean if suddenly for some reason or the other, we were to die and leave loved […]
Top Insurance Companies in Nigeria [2020 Updated List]
One of the reasons Nigerians buy insurance is to protect themselves in addition to their properties against unforeseen circumstances. These events can take up a large chunk of their finances, and they’d want to avoid that. Hence, the need for buying insurance.Insurance helps individuals and companies safeguard their investments and properties against potential risks that […]
Insurance Meaning, Types, and Terms You Must Know
What is Insurance? The meaning of this term 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 oneself is not uncommon. However, it becomes sacred when the law is involved. There is a legal agreement that covers two […]