Why you should insure your home

We all look forward to reaching home to be calmed of the day’s stress. It is a place where we are relieved after a hectic day and welcomed to the comfort arms of the place of abode.  If we get so much from home, isn’t it wise to place a premium on it and protect its benefits?  Think about insuring your home — it is a step further in ensuring that the functions of your home are reserved and would not be adversely affected should any unforeseen accident take place.

Shelter is one of the basic needs of humans. We all need the assurance that our home is always secure from any unexpected mishap, whether as landlords or tenants.

why you should insure your home

Are you wondering why home and property insurance coverage is important? The reality is, disaster can strike at any time. No one prays for disaster to happen but we must deliberately put plans in place to serve as a potential contingency to protect both our investment and families. Disaster strikes when we least expect. It could be a sudden house fire, or robbery. The question is, how prepared are you for these types of unfortunate occurrences?

At Cornerstone, we have a home insurance that caters for your needs either as a landlord or a tenant. Our Better Home Guard Insurance provides the following:

Landlord

As the homeowner, you are sure that rental income is secured if the property is damaged as a result of covered perils, the policy will reimburse you for the damage to ensure the property becomes habitable again!

If you are the landlord/homeowner and reside at the insured property, it is advisable to insure your personal properties against burglary in addition to fire and other perils. This option covers your interest extensively;

  • In the event of the building rendered inhabitable by the insured perils you will be entitled to alternative accommodation which is 10% of the value of your personal properties (if insured)
  • In the event of a burglary/armed robbery attack, leading to loss of your properties the policy will reimburse you (provided contents are insured)
  • Loss of rental income for the portion of the building rented to others a limit of 10% of value of property can be insured at an additional premium
  • Your liability to the public as owner of the building(s) in respect of bodily injury or damage to property up to N 200,000 at no extra cost!
  • Any legal cost payable to claimants or incurred with the consent of Cornerstone Insurance Plc in defending liability up to N 20,000
  • Reimbursement of medical expenses for domestic accidents such as electrical injury, cuts or burns suffered by you or members of your household up to N 20,000
  • Death of the insured as a result of fire or caused by thieves whilst at the building, provided contents of the building are insured up to N100,000

Tenant

As a tenant you can have your personal properties covered as well.

  • In the event of a burglary/armed robbery attack, leading to loss of your properties the policy will reimburse you
  • Your liability to the public as occupier of the building in respect of bodily injury or damage to property up to N 200,000 at no extra cost!
  • Any legal cost payable to claimants or incurred with the consent of Cornerstone Insurance Plc in defending liability up to N 20,000
  • Reimbursement of medical expenses for domestic accidents such as electrical injury, cuts or burns suffered by you or members of your household up to N 20,000
  • Death of the insured as a result of fire or caused by thieves whilst at the building, provided contents of the building are insured up to N100,000

You can’t be too careful when it comes to protecting your home and family.

Contact us to have your property insured.

Website: www.cornerstone.com.ng

Telephone: 0700 Cornerstone, 01 2806500

1 thought on “Why you should insure your home”

  1. Excellent publish, very informative. I’m wondering why the experts in this sector don’t notice this blog. You should continue your writing. I am sure, you’ve a huge readers’ base already!

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