Getting Started with an Insurance Plan

Insurance is not something a lot of people in this part of the world are very familiar with and there are several factors that can be responsible for that. One of such reasons is that a lot do not just understand Insurance or how it works. A big question on the heart of several people who are interested in Insurance is – where do I start from? How do I get started? How do I determine what Insurance plan is best for me? What should I do first?

If this is you, then this article was written with you in mind. In the following paragraphs, you will learn what you need to know about Insurance, what you can insure as an individual, how affordable insurance can be, and what benefits you stand to enjoy when you sign up for a policy. Let’s get started!

What is Insurance?

Think of it this way – what do you do when something that can be fixed by money goes wrong? Do you dive into your savings, borrow money from someone to sort it out? Create a Go-fund me profile to raise the money? Or something else?

Investopedia defines Insurance as a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. In other words, when something that can be fixed with money goes wrong, an Insurance policy is there to help you get that money to fix that problem without any hassle.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

What can be Insured?

Almost anything can be insured! Anything that you can place value on, and is at risk of loss, damage or theft can be insured. Even your life can be insured! 

Other types of insurance include Health Insurance, Motor Insurance, Travel Insurance, Property Insurance, Liability Insurance, etc.

If you are not still sure if something can be insured, maybe because it’s not listed here, please talk to us and we will help you check it out.

How affordable is Insurance?

A common myth among some people is that Insurance is expensive. On the contrary, Insurance is affordable. As a matter of fact, it is always more expensive to be without Insurance especially when a loss incident occurs.

But think about it, with as low as N5,000 you can get an authentic third party insurance policy for your car that protects you from liability to a third party during an incident. You don’t have to prostrate on the road to beg for mercy, or even argue rights when you can let your insurance speak for you.

More so when you use a Broker like FBN Insurance Brokers. We will ensure that you do not pay more than you need to for any policy at any given time, and we will not even charge you for this service! Amazing right?

Where can you buy a Policy?

There are numerous insurance companies in this part of the world with some similar products and some differentiated ones. But you don’t have to worry about who best to talk to concerning your insurance needs. FBN Insurance Brokers is a one stop shop for any Insurance Policy you might need. Just talk to us and we will get you started.

What are the Benefits of Insurance?

The benefits of Insurance are enormous. We probably can’t list everything here in this article. The most important ones are that you will get financial compensation for your loss. Furthermore, you can go about your business with peace of mind knowing that you are protected against risk exposures and any loss that can occur.

When is the best time to get started? Now is!

Contact us and let us get you started.

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