Imagine losing everything you have worked hard for in just one moment through a fire, a flood, or a sudden break-in. This is why protecting your property isn’t just brilliant, it is essential for every Nigerian homeowner and business owner.
We have seen countless stories of families and businesses devastated by unexpected events. But we are here to change that narrative through reliable insurance provisions that protect you financially from the risk of losing your property to unplanned accidents and natural disasters.
What is Property Insurance? Let’s Break It Down Simply
Property insurance is a financial product that protects your building and its contents from unexpected events such as fires, floods, theft, and natural disasters. It ensures that you have the coverage you need to repair or replace your property and its contents if something goes wrong, allowing you to get back on your feet quickly.
Why We Care About Your Property
Life can be unpredictable, and we understand how much your property means to you. Whether you own a small shop in a bustling market, a family home in a quiet neighborhood, or a large commercial building, we know each property has its unique needs and the good thing is that we cater to them all.
The Different Types of Property Insurance in Nigeria
There are different types of Property Insurance in Nigeria some of them include.
- Homeowners Insurance
This policy safeguards your residential property, including your home, apartment, or condominium, against damages and losses. It covers the structure, your personal belongings, and even provides liability protection. This policy can be tailored to your particular needs and wants.
- Commercial Property Insurance
For business owners, this insurance protects your commercial buildings, offices, warehouses, and other commercial properties. It covers the physical structure, equipment, inventory, and more, ensuring your business can continue operations even in the face of unexpected events.
- All-Risks Insurance
This comprehensive policy offers the highest level of protection, covering all types of property against various risks, including natural disasters, accidents, and criminal activities. It provides both building and content coverage, giving you the ultimate peace of mind.
Leadway Property Insurance Product Portfolio
As a leading insurance provider in Nigeria, we do not just offer the general property Insurance products listed above. We have more specialized and tailored policies that cater to your unique needs:
- Art Insurance: Protects your valuable art pieces, sculptures, studio/building, and other art-related assets in your property from damage or theft.
- Business Interruption Insurance: Safeguards your business operations and revenue in the event of unexpected disruptions, such as natural disasters or equipment failures.
- Burglary Insurance: Covers your property and its contents against the risk of break-ins and theft.
- Fire & Allied Perils: Protects your property from the devastating effects of fires, explosions, and other allied perils.
- All-Risks Insurance: Offers the highest level of protection, covering your property against a wide range of risks, including natural disasters, accidents, and criminal activities.
Your Step-by-Step Property Insurance Journey
Step 1: Know Your Property’s True Value
Before anything else, understand what your property is really worth:
– How much did it cost to build?
– What would it cost to rebuild today?
– What valuable items are inside?
– We will help you calculate this accurately
Step 2: Understand Your Coverage Options
Property insurance isn’t one-size-fits-all. We offer:
– Basic protection for tight budgets
– Comprehensive coverage for complete peace of mind
– Custom plans tailored just for you
Step 3: Document Everything
This step is crucial:
– Take clear photos of your property
– Keep receipts for valuable items
– Create a detailed inventory
– Store documents safely
Step 5: Calculate the Right Coverage
Our experts will help you:
– Identify potential risks
– Recommend perfect coverage
– Explain everything in simple terms
Step 6: Understand Your Premium
Your insurance cost depends on a number of factors including:
– Property Location
– Extent of coverage
– Value of the property and others
Step 7: Regular Policy Check-ups
Your property changes, so should your insurance:
– Annual reviews
– Update for renovations
– Adjust for new valuables
Common Myths About Property Insurance We Want to Bust
– “Insurance is too expensive” – Actually, it is cheaper than replacing everything
– “I don’t need insurance” – One accident can change everything; it is better ready than sorry.
– “All policies are the same” – Our plans are uniquely Nigerian and tailored to cater to each individual’s needs.
Why Choose Us?
We are not just an insurance company. We are your partners; we understand the unique Nigerian challenges because we live them too and for more than 50 years, we have made it a mission to bring smiles back to the faces of millions of Nigerians. At Leadway, Insuring Happiness is what we do.
Our property insurance is, Flexible, Affordable, Transparent, Made for Nigerians by Nigerians and above all very Reliable.
Protect Your Future with Us Today
Don’t let unexpected events jeopardize the security of your most valuable assets. Partner with us and discover the comprehensive Property Insurance solutions that will safeguard your property and give you the peace of mind you deserve.
Contact us today by sending an email to or visit our Website to get a personalized quote and unlock the protection your property deserves.