What Insurance Can Do For You

It is possible to get insurance coverage for practically anything these days.  In many foreign markets, insurance is available for body parts, animals and a host of other things.
Companies seem to be increasingly offering insurance on all manner of things in part because they are loss averse. This births the question “Is insurance really necessary or worth it?”

Getting insurance is an obligation. 
For example, in Nigeria it is imperative that all vehicle owners have a minimum of third party liability insurance, to protect external parties in the event of an accident.

Insurance is worth paying for assets and tools matter to you. 
Many believe they do not need phone insurance but once you consider the repair or retail price of a fridge or freezer, an iPhone or Samsung phone. It is cheaper to pay a little insurance premium for damage or replacement costs.

Insurance is worth paying for protection in the event of a devastating loss financially or emotionally.   
For instance, getting health insurance coverage reduces expenses when a family member is sick, has a serious illness or an accident. A group life insurance policy will cover medical expenses, funeral costs and provide compensation upon the death of a family member or the policy holder.

Getting insurance coverage for your assets is not a luxurious expense, it gives you a safety net and a backup option. In the event of a loss, insurance will replace and recover your insured assets at the time of the loss. 

For more information on any of the above forms of insurances, contact

Insurance Brokers of Nigeria Limited,
4, Ilabere Avenue, off McPherson Avenue, Ikoyi
Tel: 0700 -CALL- IBN (0700-225-5426)

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