Micro Property Protection Plan

Review the policy benefits, coverage limits, exclusions, and premium details before proceeding.

This policy compensates the customer against loss or damage resulting from a fire outbreak or burglary incident to the insured items

Fire

This policy covers your personal belongings, stock in trade and household items against financial loss by fire.

Risk Amount (₦)
₦500,0000
Premium (₦)
₦1,2500
Benefits
  • Stock and asset recovery: The policy compensates the customer for loss suffered as a result of the fire
  • Peace of mind: Takes off the stress of personal recovery
Exclusions
  • Loss or damage attributed to arson.
  • Loss or damage occasioned by the activities of government actions
Conditions
  • Utmost good faith
Claim Condition
  • Notification of loss
  • Photograph/Video of incident
  • Take reasonable care to prevent further loss

Burglary

Burglary Cover provides financial protection against loss of or damage to insured property resulting from theft involving forcible and violent entry into or exit from the insured premises.

Risk Amount (₦)
₦300,0000
Premium (₦)
₦6000
Benefits
  • Loss of insured property due to burglary.
  • Damage to doors, windows, locks, safes, or other parts of the building caused during forcible entry or exit.
  • Replacement or repair costs for stolen or damaged insured items, up to the policy limit.
  • Reasonable expenses incurred to secure the premises immediately after the burglary (where applicable and stated in the policy).
  • Peace of mind by reducing the financial impact of burglary incidents.
Exclusions
  • Theft without evidence of forcible or violent entry or exit.
  • Loss due to negligence or carelessness by the insured.
  • Theft committed by the insured, family members, employees, or persons lawfully on the premises acting alone or in collusion.
  • Mysterious disappearance or unexplained loss.
  • Loss resulting from war, invasion, terrorism, civil unrest, or rebellion.
  • Loss caused by nuclear risks or radioactive contamination.
  • Loss occurring while the premises have been left unoccupied beyond the period stated in the policy without prior notification to the insurer.
  • Damage caused by fire, flood, or other insured perils unless separately covered under the policy.
Conditions
  • Maintain reasonable security measures at the insured premises.
  • Ensure doors, windows, gates, and other access points are properly secured when the premises are unattended.
  • Declare the correct value of all insured property.
  • Promptly notify the insurer of any material changes affecting the risk.
  • Take all reasonable steps to prevent or minimize loss.
  • Allow the insurer or its representatives to inspect the premises when required.
  • Keep records or proof of ownership of insured items where applicable.
  • Cooperate fully with the insurer during claim investigations.
Claim Condition
  • Completed claim form.
  • Police report confirming the burglary.
  • Evidence of forcible entry (photographs where available).
  • Inventory of stolen or damaged items.
  • Proof of ownership (purchase receipts, invoices, warranties, valuation reports, or photographs).
  • Repair or replacement quotations for damaged property.
  • Photographs of the damaged premises and affected property.
  • Valid means of identification of the insured.
  • Bank account details for claim settlement.
Policy Summary
Covers 2
Total Premium ₦1,850
Back
FAQs

The risk amount is the value you declare for the asset or exposure you want to insure.

Premium is calculated by multiplying the risk amount by the cover rate.

Yes, policies can be updated before final approval or payment.

Your policy is activated instantly and your certificate is generated.