INTRODUCTION Hippo insurance is an American property insurance company with its office in Palo Alto, California, USA. The main area of specialization of the company is homeowners insurance. Home owners insurance is a class of insurance coverage that offers protection to the homes as well as the possessions of the policyholders. It equally covers the liability…
INTRODUCTION Car insurance is one of the classes of insurance policies. It is the policy which covers the expenses for damages your car sustains due to accidents, or even theft. These situations can cause real financial and proprietary loss to you and damage to your car. In this article, we shall be discussing all you…
INTRODUCTON As has always been said in our various articles or literature on insurance, the main function of insurance is to make provision of protection for probable chances of loss. It is probable loss because, the time and the level of loss at every of such event is always uncertain. And as such, where one…
The Nigerian Insurance Act 2003 is the principal Insurance Law in Nigeria and it regulates insurance business in Nigeria. Section 1 of the Act makes provision for its application. The Act applies to all insurance businesses and insurers, other than insurance business carried by insurers of the following description. A friendly society. That is, an…
Ship insurance is an insurance policy or coverage that protects shipper from damages, package, loss or theft. In this sense, if a policyholder’s ship/package does not get to its destination or if it suffers damages on delivery, the shipper gets indemnity the value of the items or ship in question. stolen. In shipping insurance, the…
It has been observed that one of the major hazards facing an Insurance company is the risk of catastrophe. The solution to this risk is to transfer or spread part of the risks by means of Reinsurance. Reinsurance is very important as it serves as a means of enhancing financial security of Insurers within the…
INTRODUCTION Insurance is a contract in which an Insurance Company undertakes to indemnify a Policyholder in the event he incurs loss to property or other specific contingencies or perils. The focus of this article is on Insurance Companies. From the above definition of insurance, it is very clear that there are two main parties to…
The question about travelers insurance remains one of the various questions prospective Policyholders ask pertaining Traveler’s Insurance. And this is in a bid to find out what travelers insurance means, the desirability of travelers insurance, its scope/coverage etc. WHAT TRAVELR’S INSURANCE MEANS Travel insurance is used to describe an insurance policy that covers risks connected…
MEANING OF CAR INSURANCE Car Insurance is a class of Insurance Policy between an Insurance Company and an Insurer wherein the former undertakes to protect the Later against financial loss in the event of an accident, or theft of his car. it can be universal car insurance or specific. In consideration of payment of premiums…
MEANING OF MATERNITY Maternity is the period between pregnancy and immediately after delivery. It covers a period of 26 weeks after child birth or delivery. And it is this period of time that enjoys maternity Insurance Coverage. A couple of Insurers do not make provision for maternity insurance coverage for women already pregnant. The singular…