Cornerstone Insurance Insight: Protecting your building with home cover

In compliance with the Nigerian Insurance Industry Reform Act (NIIRA), which mandates that every public building be insured against hazards such as collapse, fire, earthquake, storm, and flood, Cornerstone Insurance Plc is reinforcing the importance of home insurance as a safeguard for property owners.

The company emphasizes that having a Home Insurance policy is not just a legal requirement but a smart financial decision that protects one’s property and valuables against unexpected losses.

According to Charles Nwachukwu, General Manager, Business Development at Cornerstone Insurance, the Home Insurance policy provides indemnity to the insured against loss or damage to buildings caused by insured perils such as fire, lightning, explosion, flood, and malicious damage. “It also covers loss or damage to the contents within the building when affected by any insured peril,” he said.

Beyond structural protection, Cornerstone Home Insurance offers several additional benefits designed to ease the financial and emotional burden that may follow a disaster. These include cost of alternative accommodation, loss of rental income (for insured buildings), legal liability to the public, medical expenses up to a specified limit, and even compensation in the event of the insured’s death caused by fire or the action of thieves.

Nwachukwu noted that these features demonstrate Cornerstone’s commitment to providing comprehensive protection that goes beyond the basics, ensuring clients enjoy true peace of mind and financial security.

Property owners, landlords, and tenants alike are encouraged to take advantage of the policy to protect their assets against life’s uncertainties.

For more information, interested customers can visit any Cornerstone Insurance branch, call 07086216957, or learn more online at https://www.cornerstone.com.ng.