Houstrip Realty: Insurance and Your Building

On May 8^th, 2017, a house of a prominent Nigerian in Ikoyi, Lagos was razed by a fire which destroyed the first floor of the house.
This is one of many stories of loss of properties and valuables due to fire incidents and other perils. Many have lost means of livelihood and have developed health complications due to such disasters.

Building/ property owners have a duty of care to themselves to secure their investments after all owning a building might probably be your largest investment. It is therefore key we realize how important it is to protect our assets which is the House we live in or the Property we rent to others.

Building insurance is a type of insurance that covers the cost of repairing any damage that is done to your building or house. If you own the building then it is your responsibility as the owner to have insurance, not the tenants.

Building insurance will cover any damage to the actual structure of your home that can be a roof, floor, and walls. A building/home owner insurance policy covers the cost of rebuilding/replacing the building in case of any damage due to fire or any other peril.

Premium is the amount of money you must pay for an insurance policy. The value of the building and cost of replacing same in case of any eventuality are some of the factors considered in determining the amount of premium payable on a building.

Make sure you have enough cover. Being under insured and not paying your premium on time can be a costly mistake.

Safeguard your investments.

Here are pocket friendly offers for you:

Bricks & Bars Estate is located 3 minutes after La Campaqne Tropicana Beach Resort, Ibeju Lekki, Lagos.
Title: Excision in Progress
Price: 600K per Plot