nemsupport@nem-insurance.com
It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965 and incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968..
The NEM Home Protection Policy is designed to provide insurance protection for household contents within a residential building. It offers financial relief against losses arising from common risks associated with residential living, including fire, flood, domestic accidents, and personal liability.
This policy is suitable for tenants and landlords who wish to protect their household contents against unexpected events that may result in damage or loss. The policy comes in different packages, allowing proposers to choose coverage based on the value of their household contents and the level of protection required.
Home Protection Insurance in Nigeria plays an important role in safeguarding personal property and reducing the financial burden that may arise from residential-related incidents.
Home Protection Insurance is a policy that provides cover for household contents in a residential building against specified risks. It is designed to protect movable items such as furniture, appliances, and other domestic property used within the home.
Unlike standard fire insurance, this policy also includes cover for domestic accidents and personal liability, making it a more comprehensive residential protection solution.
The policy aims to provide immediate financial relief to the insured in the event of losses arising from insured perils commonly associated with residential buildings.
The NEM Home Protection Policy covers losses arising from the following:
Loss or damage to household contents caused by:
Fire
Lightning
Explosion
Flood from rainfall
Water damage from home piping
Storm and wind
Impact from aerial devices
Property damage during temporary removal (transit risk)
Losses on household contents arising from these perils are covered up to the limit of the insured package selected by the proposer. This cover complements Fire and Special Perils Insurance for broader residential risk protection.
The policy provides cover for domestic accidents that result in hospitalization. Medical expenses arising from such accidents are covered up to the limit stated under the insured package.
The policy covers the insured’s legal liability to third parties arising from incidents within the residential premises, up to the limit of the insured package.
All occupiers of residential buildings are eligible to take the Home Protection Policy. This includes:
Tenants
Landlords
Apartment residents
Family homeowners
The policy is suitable for individuals who want protection against common household risks and who wish to insure their household contents against loss or damage.
The Home Protection Policy comes in different packages to provide flexible options based on the value of household contents and desired protection level.
Bronze Package
Household Contents: ?250,000
Legal Liability: ?50,000
Medical Expenses: ?10,000
Premium: ?1,500
Silver Package
Household Contents: ?500,000
Legal Liability: ?50,000
Transit Risk: ?50,000
Medical Expenses: ?20,000
Premium: ?2,500
Gold Package
Household Contents: ?750,000
Legal Liability: ?50,000
Transit Risk: ?75,000
Medical Expenses: ?30,000
Premium: ?3,500
Platinum Package
Household Contents: ?1,000,000
Legal Liability: ?50,000
Transit Risk: ?100,000
Medical Expenses: ?50,000
Premium: ?5,000
These packages allow insured persons to choose coverage based on their household content value and risk exposure.
The Home Protection Policy does not cover the following:
Tenants or landlords living in makeshift houses with walls made of wood, bamboo, polythene, or zinc
Cash
Laptops
Jewelry
Mobile phones
Failure to pay rent
These exclusions ensure that the policy focuses strictly on household contents and residential risks as defined under the policy terms.
The Home Protection Policy offers several key benefits:
Financial protection against fire and flood damage
Medical expense cover for domestic accidents
Personal liability protection
Affordable premium packages
Peace of mind for homeowners and tenants
By transferring residential risks to an insurer, policyholders can avoid the financial burden associated with unexpected household losses.
Home Insurance in Nigeria is increasingly important due to rising property values and exposure to risks such as fire, flooding, and domestic accidents. Household contents are often acquired over time and represent significant financial investment.
This policy helps Nigerian households recover quickly from losses without disrupting daily living or incurring heavy replacement costs.
The Home Protection Policy can also be combined with Motor Insurance and Burglary Insurance to create a more comprehensive personal insurance plan.
NEM Insurance provides a structured and affordable Home Protection Policy designed to meet the needs of Nigerian households. The policy offers:
Clearly defined coverage
Flexible package options
Protection against common residential risks
Reliable claims support
This policy is suitable for individuals seeking simple and effective protection for their household contents and personal liability
.