LordVoldemort:



You need to look at the other part too

Someone who paid just 200k to insure a house can collect as much as 20million if the house is gut by fire.

So it's not just collecting premium claims are being paid in huge amount

Sketchandcraft:
Marketing tenant go suffer it most cos it will bring more hardship to the citizen... Automatic increase in house rent and price of landed properties in the state

rockyh:
its a shame that our democracy is one sided whereby the government implement only laws that brings revenue to them n forget about the masses shame on scam n shame on change cos we now understand the definition of change

LordVoldemort:



You need to look at the other part too

Someone who paid just 200k to insure a house can collect as much as 20million if the house is gut by fire.

So it's not just collecting premium claims are being paid in huge amount

obembet:
Now I believe that AMbode have a great vision for Lagos state unlike that useless on my state

Thank God for insurance in Nigeria now for the great improvement unlike 2000-2006 Insurance companies.

I know that many will COMPLAIN or reject this... But at the end, they will enjoy it... go to advance country, u can't see a building with insurance cover there....

Lagos, Nation of afonja, Develop by developer

toxxnoni:
Morning, water borehole, soil test, pile foundation

izzou:

Who will pay you 20 million for a house worth 200k?

You think insurance firms na ponzi?

LordVoldemort:


If you don't know how insurance work just ask.

I never said the house is 200k maybe you should read again.

What I said is someone PAID 200k to INSURE a house.

obembet:


U lack knowledge about insurance

If you understand the benefit of having comperensive Insurance on your car.. Then u will knw that for house, its Important... Some pple are doing it before government implement it

Come look many building that collapse this days, where so u think the owner will start.... Its for their own safety..

Jabioro:
Fraud! simple our insurance are too technical to do business with, common man would just been paying for nothing..

izzou:


Oops sorry for not reading aright

That's why they have valuers. If your house isn't worth 20 million, nobody will give you 20 million

Odani:


Dnt be saying what u dnt know i live in port harcourt and i own a story building of four flats. I personally insured my house against fire make one tenant no go born my house for me. Its even for our own good

LordVoldemort:


The value of the house determines the premium you will pay. If you decide to value a 10M building @ 100M you will be shooting urself in the foot cos you be paying 10times of wat you should pay.

Odani:


Dnt be saying what u dnt know i live in port harcourt and i own a story building of four flats. I personally insured my house against fire make one tenant no go born my house for me. Its even for our own good

MakeADifference:
If these guys would focus on health, education, employment the way they focus on income generation, 'eko ma dubai'

izzou:

Who will pay you 20 million for a house worth 200k?

You think insurance firms na ponzi?

Wizzyblack3:
Only the rich will soon be the only ones to live in Lagos.

oladre:

If you don't know about insurance, why not ask rather than showing your ignorance. It's so easy to comment but rather seek knowledge before commenting.

LordVoldemort:



You need to look at the other part too

Someone who paid just 200k to insure a house can collect as much as 20million if the house is gut by fire.

So it's not just collecting premium claims are being paid in huge amount

oshaosha2014:
this is nigeria. you might not get your claim because one stupid somewhere that was compensated with the insurance top post has squandered all the money. and he will be untouchable. this. is. Nigeria.