The Things That Are Covered By Home Insurance In Nigeria
There are many things that are covered by home insurance in Nigeria, and it is for these things that we buy home insurance.
These things covered are the major reason people purchase insurance policies all over the globe and Nigeria is not an exception.
I will be helping you see some of the things that are covered by home insurance so that you know what to expect when you are buying insurance premiums.
6 Things That Are Covered By Home Insurance In Nigeria
The residing coverage
This is the part of your home insurance policy that helps you repair or rebuild your home that you reside in. this can only happen if the damage is as a result of a covered loss.
Some components of your home like the electrical wiring, plumbing etc, fall into this category.
This is one of the things that are covered by home insurance in Nigeria.
It covers the costs that are associated with lawsuits when you or a family member is responsible for injuring someone or if someone is injured on your property.
It also covers the damage that you or a family member inflicts on another person’s property.
Affiliated structures to your home
This particular component of your home insurance covers the cost of rebuilding a detached structure that is affiliated with your home. Examples of such structures include garages, sheds etc.
The coverage of personal property
This particular component covers your personal properties like clothes, electrical gadgets, furniture etc that is destroyed by a cause that is covered by your home insurance policy in Nigeria.
Most insurance companies have a booklet that you document your personal properties.
The loss of use
The particular component bears the cost you residing outside your house due to the damages that befall it and it is under repair.
Your housing and living expenses will be paid through this component of your home insurance.
The guest medical coverage
This is the medical coverage that is provided by your home insurance to people that got injured on your property but are not pressing charges against you.
Most of the home insurance coverage offers similar services; you can get the best of these services by comparing these services and their rates so as to know the one that best suit you and your home.
I believe that after you might have gone through these things that are covered by home insurance in Nigeria; your choice of these services will be very objective.