NEM HOME PROTECTION POLICY

NEM HOME PROTECTION POLICY

Scope of Cover

NEM Home Protection Policy is designed to provide protection against losses on household content in a residential building. The policy provides covers against losses from:

  • Fire, lighting, explosion and special peril such as flood from rainfall, water from home piping damages, Ariel device, storm, wind and property damage on temporary removal (Transit risk). The losses on household contents in the event of these perils will be covered to the limit of the insured package.
  • Domestic Accident leading to hospitalization. The medical expenses on the accident are covered to the limit of the insured package.
  • Personal Liability to the limit of the insured package.

The policy is aimed at giving the insured the immediate needed succor in the event of losses arising from any of the above perils which are common to residential building.

The policy comes in different packages to provide options for proposers based on the size of content that the proposer is willing to insure.

All occupiers of residential buildings- either tenants or landlords are eligible to take this protection policy.

Policy Package & Premium

Benefits

Bronze Package (N)

Silver Package (N)

Gold Package (N)

Platinum Package (N)

Household content (N)

250,000

500,000

750,000

1,000,000

Legal Liability (N)

50,000

50,000

50,000

50,000

Transit Risk (N)

 

50,000

75000

100,000

Medical Expenses (N)

10,000

20,000

30,000

50,000

Premium (N)

1,500

2,500

3,500

5,000

 

Policy Exclusions

  • Tenant or landlord living in make-shift houses with walls made of wood, bamboo, polythene and zinc.
  • Cash, Lap top, Jewries and mobile phone are not covered.
  • This policy does not cover failure to pay rent

 

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