The aftermath of the END SARS protest shows the benefits of insurance for everyone.
So far, the year has played out like a thriller.
A virus has circled the globe, crippling economies in its wake.
Also, we world experienced a global lockdown in a manner not seen before.
Additionally, police brutality sparked the EndSARS protest which was majorly lauded as an organized and peaceful demonstration.
Unfortunately, hoodlums hijacked the erstwhile peaceful and organized protest and unleashed mayhem nationwide.
Hoodlums looted warehouses and stores.
Moreover, they looted and defaced malls, shops and even homes.
Moreover, business owners and property owners counted losses that totaled N1 trillion according to the Lagos state government.
Below are three essential policies that cover the sort of losses suffered in the state.
1. Motor insurance
Hoodlums destroyed many vehicles during the hijack.
Comprehensive motor insurance provides financial protection against physical damage.
This insurance covers theft, vehicle damage, fire and other eventualities similar to those seen after the protest.
Only insured vehicles will access benefits of insurance in these cases.
2. Houseowner/ Householder insurance
This policy protects against fire, theft, burglary and other unforeseen eventualities.
Those who suffered any of the above as a result of hoodlum activity can access their premiums if they were insured prior to the incident.
3. Fire & Special Peril insurance
This is yet another handy insurance policy.
It safeguards against fire and damages that arise from man made activities like the ones unleashed by the hoodlums.
Are you yet to get insurance?