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Why Every Home Needs an Insurance Protection

Coronation Insurance

4 Aug 2022 · Thought Leadership Articles

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You’ve just invested in buying your dream home, which as an individual, is one of the biggest investments you will ever make. After furnishing and moving in your most valuable assets, you feel accomplished as you should. Now imagine the sudden and unprotected loss of all these assets due to a fire, flood, natural disaster, theft or untold calamity. The financial and emotional loss would be devastating. You may think this would never happen, but it all starts with a little mistake. An unchecked gas cooker, an electrical spark, a fire and just like that, you are dealing with the partial or total loss of one of your biggest investments. Global reports show that every 89 seconds a house fire occurs and billions of naira worth of property damage is reported. 1 in every 5 persons has reported being affected by a house fire or an accident and held accountable to pay for damages at some point or another.

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