All About Claims, FAQS on Insurance, General, Insurance in Nigeria

10 Top Excuses people Give for Not Insuring and Why they May be wrong

Insurance in Nigeria is a hard sell.  Most people do not have insurance policies. Surprisingly, a larger percentage of people who have one form of insurance or the other (in most cases, Third party Motor Insurance policy) do so because of the law requiring an individual to have a minimum cover. Yet, people face so much risk on a daily basis but still refuse to embrace a device (Insurance) which was developed to tackle these challenges. Isn’t it surprising?

Why would people see a solution and not embrace it? Why would people run a risk they know fully well  is dangerous?

We  interviewed several people and came up with some explanation.  You will find it interesting as we serve you the 10 Top Excuses people give for not insuring .  Happy reading……..



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