Lesson 2 ECOWAS BROWN CARD This is a protocol established by the 16 ECOWAS Countries of the sub region where any motorist from any of these countries can drive their vehicles in any of the member countries and the protocol will take care of any of the insured’s negligence arising from driving the ….  Read More

           Lesson 3  Types of Commercial Vehicles.   Common Types of Commercial Vehicle Insurance In Nigeria it is compulsory to buy an insurance policy for your vehicle in order to stay protected all the time and keep you on the right side of the law. First of all, you must endeavour ….  Read More

      Lesson 4   Motor Cycle Insurance . Table of Contents: • Types of Two Wheeler Insurance Coverage • Coverage • Claim Process • Exclusions • Renewal Process • Important Aspects   Bike Two Wheeler Insurance Nigeria Bike Two Wheeler Insurance Nigeria For many people in Nigeria, a two wheeler is an important ….  Read More

        Lesson 5 Theft and Burglary Insurance.   Theft generally covers all acts of stealing. There are three major types of insurance contracts for burglary, robbery, and other theft. Burglary is defined to mean the unlawful taking of property within premises that have been closed and in which there are visible marks evidencing forcible entry. ….  Read More

    YHWH HAMASCHIAC School Christmas Term Class: SS2 Subject: Insurance Time: 2hrs. 1. List properties covered by theft and Burglary insurance 2. Explain the term “All Risks Insurance Policy .” 3. What do you understand by the term “ ECOWAS Brown Card .” 4. Outline the way motor insurance policy settle claims as regards ….  Read More

  Comprehensive Insurance Scope of Cover on Agricultural Vehicles/ Machine. What Is Tractor and Farm Equipment Insurance? Your farm equipment helps you run a successful business and if something were to happen to any of it, you’d have some pretty major setbacks. Simply put, an insurance policy for your tractor and farm equipment helps protect ….  Read More

    Money Insurance. Lesson outline: Money insurance Meaning What constitutes Money This covers cash whilst in transit to and from the insured’s business premises until it is delivered at the insured’s bank. This policy also covers cash in premises, cash in personal custody, and cash in safe during business hours/out of business hours. EVENT ….  Read More

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    Money Insurance Policy Cover in Transit This covers cash whilst in transit to and from the insured’s business premises until it is delivered at the insured’s bank. This policy also covers cash in premises, cash in personal custody, and cash in safe during business hours/out of business hours. EVENT INSURED AGAINST Loss of ….  Read More

                                               Engineering Insurance   Introduction Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. ….  Read More

                                       Marine Insurance     What is Marine Insurance? Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are transferred or ….  Read More

     Business Interruption Insurance.   Lesson outline:  Business  Interruption Insurance Meaning ( consequential loss) Causes of business interruption –          Machinery breakdown –          Fire Incident           Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss ….  Read More

                                  Causes of Business Interruption. Causes of business interruption therefore is when a business is put on hold due to weather, fire or infrastructural break0-down. Fire Breakout. Direct physical damage to business property, such as by fire, is usually ….  Read More

                             Insurance Claims   What Is an Insurance Claim? An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim (or denies ….  Read More

      Areas of Concentration.    marine insurance  Business interruption insurance.  

          Insurance Test     Time: 1 hour:30Mins.   Attempt all questions.     What does business interruption cover? What does business interruption not cover?      3.define marine insurance?     3b. List three types of marine insurance with different protection.     4.write briefly on Hull protection insurance        

   Reinsurance.     What Is Reinsurance? Reinsurance is also known as insurance for insurers or stop-loss insurance. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its ….  Read More

   Mock Examination, Senior WAEC. Culled from 2018 Questions. Insurance.   1. Use the following information to answer the question below. Basanya’s vehicle was hit at the rear by jaguna’s vehicle. The two vehicles had a minimum cover. estimate of repairs were as follows; Basanya’s vehicle – N155,000; jaguna’s vehicle- N75,000 The compensation would be ….  Read More

      What is Insurance? Represented in a form of policy, Insurance is a contract in which the individual or an entity gets the financial protection, in other words, reimbursement from the insurance company for the damage (big or small) caused to their property. The insurer and the insured enter a legal contract for ….  Read More

        YHWH HAMASCHIAC School, SS2 Spring/third Term Insurance Examination, 2021.   Insurance  Examination Time: 1hour: 30 minutes.  Instruction:  answer all questions accurately in YHWH YESHUA HAMASCHIAC  ( LORD CHRIST).     1. Itemize those things that business interruption Insurance does not cover. 2. What is an Insurance claim? 3. In Insurance claims, ….  Read More

    SS2 Easter Term Insurance Examination Time: 2hours. Answer all questions accurately.   1. In Money insurance policy cover in Transit,  what are the events insured against. 2. There are exceptions,  to money insurance policy cover in transit, that the policy will not insure against. Name two. 3. Define the term ” Engineering Insurance ….  Read More