• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

MONEY MATTERS: Securing Your Properties Against Flood During This Rainy Season

by Leadership News.. and Zaka Khaliq
2 years ago
in News
CORRECTS FROM CANAL TO ROAD - A road is flooded during the passing of Hurricane Dorian in Freeport, Grand Bahama, Bahamas, Monday, Sept. 2, 2019. Hurricane Dorian hovered over the Bahamas on Monday, pummeling the islands with a fearsome Category 4 assault that forced even rescue crews to take shelter until the onslaught passes. (AP Photo/Tim Aylen)

CORRECTS FROM CANAL TO ROAD - A road is flooded during the passing of Hurricane Dorian in Freeport, Grand Bahama, Bahamas, Monday, Sept. 2, 2019. Hurricane Dorian hovered over the Bahamas on Monday, pummeling the islands with a fearsome Category 4 assault that forced even rescue crews to take shelter until the onslaught passes. (AP Photo/Tim Aylen)

Share on WhatsAppShare on FacebookShare on XTelegram

In the last four years, there hass  been incessant loss of income and lives due to the devastating effect of flood , a common natural disaster cursed majorly by climate change nationally  and globally

Advertisement

Despite being  a risk that could be mitigated, the generally negative perception about insurance services have made most flood victims turn deaf ears to flood insurance, a weapon, which should expectedly be instrumental to the dreaded disaster.

Flood insurance, in areas where it is embraced, enables businesses, including farmers and communities in flood-prone arrears, recoup their investment and also get indemnified in the event of a loss.

Recall that the Nigeria Meteorological Agency(NIMET), had, earlier in the year, warned that ‘2023 will witness an early onset of rainfall accompanied by flooding.’

For those who are proactive and live in flood-prone areas, its time to protect their farms, animals, houses, offices, properties and so on, against flood through flood insurance coverage.

RELATED

Ag COAS Investigates Video Of Major General, Orderly Brutalising Motorist

Army Debunks Reports Of Delayed Promotion, Allowances

17 minutes ago
Use Existing Frameworks To Bridge Metering Gap, NERC Tells Distribution Firms

Expert Tasks NERC On Multiple Tariffs Model For States

25 minutes ago

To this end, the managing director/CEO of Leadway Assurance, Tunde Hassan-Odukale, said, there is an urgent need to prioritise food security and protect the enormous investment in agriculture, disclosing that his insurer has designed insurance policies to help victims of devastating flooding recover from the massive financial losses.

An insurance broker, Desmond Ibekwe, had advocated for  national insurance policy for flood following huge losses always recorded after flood incidents in the country.

He said it’s important that business and exposed areas are adequately insured against flood, particularly now that deforestation is having huge impacts on environment.

On his part, the head, Corporate Communications and Market Development, the National Insurance Commission(NAICOM), Mr. ‘Rasaaq Salami, assured Nigerians that insurance companies are bracing up for claims settlement to policyholders that were affected by the flood ravaging many parts of the country.

An insurance expert, Mr. Valentine Ojumah said, despite the wide room for growth, life assurance is still at a low per cent penetration, while general insurance has just about 1.5 per cent penetration.

Financial adviser, Nimi Akinkugbe, said: ‘we live  in uncertain times. Violent floods and storms, volcanic eruptions, earthquakes, tsunamis, hurricanes; the list goes on. Such disasters have one thing in common; they are ‘catastrophic risks’ that are not likely to affect you in your lifetime, but if and when they do happen, the consequences can be devastating.’

He suggested that Nigerians should procure insurance as a risk mitigation mechanism that will return policyholders to their financial position as if nothing happened, promising Insurers armed

 

How To Subscribe

You can approach any Registered insurance company and pay a token as premium to enjoy flood insurance cover.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Sanwo-Olu Swears-in SSG, Chief of Staff, Urges Efficient Service Delivery

Next Post

IAWPA: Chef Hilda Baci Receives Eminent Peace Ambassador Award

Leadership News.. and Zaka Khaliq

Leadership News.. and Zaka Khaliq

You May Like

Ag COAS Investigates Video Of Major General, Orderly Brutalising Motorist
News

Army Debunks Reports Of Delayed Promotion, Allowances

2025/07/27
Use Existing Frameworks To Bridge Metering Gap, NERC Tells Distribution Firms
News

Expert Tasks NERC On Multiple Tariffs Model For States

2025/07/27
Tinubu, Idris Mourn Veteran State House Correspondent, Usigbe
News

Tinubu, Idris Mourn Veteran State House Correspondent, Usigbe

2025/07/27
Tinubu
News

Tinubu Fair, Even Favoured North – Umahi Replies Kwankwaso

2025/07/27
Wike
News

Rivers NASS Caucus Hails Wike’s Visionary Leadership

2025/07/27
Court Remands TikToker In Prison For Lying About Tinubu
News

Court Remands TikToker In Prison For Lying About Tinubu

2025/07/27
Leadership Conference advertisement

LATEST

Army Debunks Reports Of Delayed Promotion, Allowances

Expert Tasks NERC On Multiple Tariffs Model For States

Tinubu, Idris Mourn Veteran State House Correspondent, Usigbe

Tinubu Fair, Even Favoured North – Umahi Replies Kwankwaso

Rivers NASS Caucus Hails Wike’s Visionary Leadership

Court Remands TikToker In Prison For Lying About Tinubu

Chidoka Endorses Gov Soludo For 2nd Term

Minister Tasks Service Image Makers, Media Teams On Effective Public Engagement

TCN Shareholders Approve Board, Demand Urgent Reforms For Profitability

Buhari Rejected UAE’s Personal Jet Gift In 2016 –Garba Shehu

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.