Leadway Assurance unveils affordable householder insurance for Nigerian homes

Leadway Assurance Company Limited has reinforced its commitment to safeguarding Nigerian households with its Householder Insurance plan, offering comprehensive protection for homes and personal property at an entry cost of as low as N10,000 per year.

According to the company, the policy is designed to cover loss or damage to residential buildings and their contents arising from common risks such as fire, theft, and burglary. In addition, the plan provides compensation for policyholders who are forced to secure alternative accommodation following unforeseen incidents that render their homes uninhabitable.

Leadway noted that beyond property protection, the policy also extends to public liability, covering situations where damage to an insured home affects third parties. It further includes compensation benefits in the event of the insured’s death, reinforcing its role as a holistic protection solution.

Speaking on the offering, the Executive Director, Retail and Partnership, Kikelomo Fischersaid it is accessible to both tenants and landlords.

She explained that while tenants can insure their personal belongings, landlords seeking more extensive building coverage are advised to explore additional comprehensive property insurance options offered by Leadway.

She highlighted that high-value personal items such as jewellery, laptops, and mobile phones are not automatically covered under the standard policy. However, customers can opt for an “all-risk” extension to include these items, subject to an additional premium.

To enroll, she said prospective customers are required to submit a completed proposal form, a valid means of identification, and a passport photograph, either in hard copy or electronically.

She emphasized the importance of adequate coverage, encouraging customers to insure their homes and contents based on realistic valuations rather than opting for minimum premiums.

As risks such as fire outbreaks and burglary incidents continue to pose threats to households, she reiterated that proactive protection through insurance remains a critical step toward financial security and peace of mind for Nigerian families.