Life encompasses several uncertainties. One of the most prominent and inevitable uncertainties of life is death. We often refer it to as a debt owed by every living being, hence no one can escape it. Having this in mind, it is important to provide for and prepare ahead of the unexpected. In view of the […]
Top 7 Insurance apps in Nigeria
The 21st century ushered us into a new age where we get to do a lot of things via the Internet. This is because of the vast development in technology and web-based activities. The concept of insurance was not left behind in the manual world. In other words, you can access different insurance, including health, […]
Insurance Premium – Meaning and what you should know
Insurance is the transaction of exchanging money for risk transfer. When this transaction goes through, they compensate you should any damages come to your insured asset. Now, in a more professional statement; it means exchanging insurance premium for risk transfer. The money you pay to purchase insurance is called an insurance premium. In this article, […]
Insurance rights of subrogation – Meaning and how it works
The broad nature of insurance means that you could have different parties to consider in an insurance claim. This includes the insurer, the insured, and other third parties. As a result, sometimes damages might be incurred by the insured which, although covered in his policy, resulted from the recklessness of a third party. In such […]
Ex Gratia in Insurance Explained
It is a well-known fact that insurance companies only pay for what they cover in the policy contract. Therefore, you can damage your car, along with the engine or even have a disability in the process and not get cover because your policy isn’t broad enough. In situations like this, the insurer can stick to […]
Insurance for riots and looting – Does insurance cover riots and looting?
Individuals purchase insurance policies because they intend to transfer the risk associated with certain assets. Hence, there are common policies like business insurance, auto insurance, home, and personal insurance. However, it becomes unclear for business individuals in knowing what specifics your policy covers, as in this case, insurance for riots looting. This is the one […]
Unic insurance Plc – All you need to know
It is already general knowledge that the basic idea behind an insurance is that two major parties come together Io after on how to secure the future. Each party has a major role to play. While one party known as the insurer, is to guarantee to make certain payments at the happening of an uncertain […]
Naicom Review – What you should know about the National Insurance Commission
The ever-growing nature of the insurance industry in Nigeria means that the sector has to be regulated by some form of body. Essentially, there is no sector that does not have this kind of regulation. Naicom is the controlling and regulating body for insurance in Nigeria and is to oversee the operations of all insurance […]
Steps To Processing A Car Insurance Claim In Nigeria
Car insurance is one of the most common policies in insurance today. This is because of how cheap and accessible it is, and of course, the number of cars in the country. What is less obvious, however, is how to make a car insurance claim. Although the steps to processing a car insurance claim in […]
Great Nigeria Insurance Review
Great Nigeria insurance of the top insurance companies in Nigeria. As a business personnel, dabbling with risks is inevitable. Whether it is that new investment or building an asset, insurance is a very important part of the process. Having insurance transfers the risks form you as a business owner to the insurance company. This is […]