NEMA will encourage traders, residents to insure property in 2020 -Coordinator

Insurance
By Stanley Nwanosike
Enugu, Jan. 14, 2020 (NAN) The National Emergency Management Agency (NEMA) says it will introduce insurance and taking up insurance policy to traders and residents of the South-East in 2020.

The South-East Zonal Coordinator of NEMA, Mr Fred Anusim, disclosed this to News Agency of Nigeria (NAN) in Enugu on Monday.

Anusim was speaking on plans to reduce losses associated with disasters within the zone this year.

NAN reports that the zone have four major frequent and yearly recurring disasters, which included; flood, fire, windstorm and erosion.

Anusim said that as part of its prevention and risk mitigation strategy, the Agency would partner with insurance firms and brokers as well as incorporate them as part of its zonal wide sensitisation team this year.

“At any sensitisation and public awareness against natural or man-made disasters in the zone, we will be going with people from the insurance sub-sector.

“They will help to further enlighten our people and let them know the immense benefits inherent in insuring not only their goods but other aspects of their lives.

“It is really abnormal that we have businessmen and women, whose businesses or goods worth multi-million and there is no insurance to back such a business to mitigate it risk,’’ he said.

The zonal coordinator noted that indemnity that insurance pay during losses would surely resuscitate any business back to life.

According to him, this indemnity outweighs whatever NEMA or state government could give as succour to traders and residents. (NAN)
KSN/ISMA
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Edited by Ismail Abdulaziz