The four main types of insurance listed below are the most common types of home insurance.
Buildings Insurance
Buildings insurance covers the physical structure of your house: your walls, garage, the roof and all permanent fixtures. Most banks require you to have some kind of buildings insurance coverage before you get a mortgage.
Contents Insurance
Contents insurance covers everything […]
What is property owners insurance?
Property owners insurance is a special kind of insurance for landlords and people who own property. You will need to pick up property owners insurance if you own any kind of property that you don’t use yourself, including unoccupied property.
Can I buy normal household insurance instead of property owners insurance?
No, because […]
Why home insurance in Nigeria is important
Home insurance in Nigeria is important to protect families against burglaries, fire, floods, windstorms and other natural disasters that may occur. While they are not at a major threat for hurricanes or tsunamis, like some countries, home insurance in Nigeria has protected many families against other unexpected casualties and […]
When to buy empty house insurance
Depending on your normal apartment insurance plan, your insurance company may not cover you if they can prove that your house was unoccupied for a long period of time at the time of an accident or robbery. If you plan on leaving your home unoccupied for more than 30 days, […]
Rule number one: tell your insurance company everything
Before you buy building insurance, find out from the insurer wants to know about your home. Be sure to provide your insurer them with detailed information about your house, otherwise they may reject your insurance claim if something bad happens to your house. Even after you buy building […]
What kinds of disasters are covered by apartment insurance?
If there’s a fire, lightning storm or a hailstorm and your property gets damaged, apartment insurance will pick up the bill. It also covers riots and explosions, damage caused by vehicles, vandalism, theft, volcanos, falling objects as well as damage caused by appliances or by voltage spikes.
What […]
Go with a High Deductible Vehicle Insurance
If you save up and set aside some money to pay for a high deductible in the event of an accident, you will save money over the long term.
Opt Out of Towing Coverage
If you get basic collision coverage, towing costs are already covered if you get in […]
Some car owners opt to get third party insurance instead of comprehensive coverage in order to save money, but they aren’t aware of the many negative consequences of going with the cheaper plan..
Third Party Insurance Benefits
Third party insurance allows drivers to meet the requirements of the law regarding insurance. It’s the most basic kind of […]
The best insurance companies follow the seven main principles of insurance. If you are in the market to buy insurance, familiarizing yourself with these concepts will help you understand the insurance company’s point of view before you sign on the dotted line.
Utmost Good Faith
The first and most important of the seven principles of insurance […]
Let’s face it: car insurance companies are in the business of making money. Insurance companies are more concerned with the bottom line than they are about helping you recover after an accident. So if you want to save money on your car insurance, it’s up to you to do the necessary homework to find out […]