AIICO Home Insurance protects you financially in the event that your home and property is damaged as a result of burglary or fire outbreak. It is designed essentially for those in a rented apartment.
Coverage:
The policy offers protection in respect of:
• Fire
• Burglary & Theft
• Death
• Bodily injury
Benefits:
The benefits include;
• Compensation to the tune of N2million for fire damage to the content only
• Compensation to the tune of N1million for burglary,
• Rent for alternative accommodation up to N250,000
• Personal accident cover (disability, death, & medical expense) for the insured and spouse for claims occurring in the insured residence.
Premium:
The policy is structured on a flat premium basis of N10, 000.00/annum
(Multiple entries are not allowed on this policy).
Exceptions:
• It is strictly CONTENTS ONLY insurance
• Does not provide cover for sum insured beyond N2million limit
