BY NGOZI ONYEAKUSI

*Nwachukwu

The Nigerian Insurers Association (NIA) has  sympathized with individuals, families, and businesses affected by the recent flooding across several parts of Lagos State following the persistent heavy rainfall experienced in recent days.

The Chairman of NIA, Mrs. Ebelechukwu Nwachukwu, in a statement Thursday acknowledged the emotional, social, and financial hardship occasioned by the flooding and stands in solidarity with all those who have suffered the loss of lives, homes, vehicles, businesses, and other valuable assets.

While emphasising the importance of proper environmental sanitation, responsible waste disposal, and the regular clearing of drainage channels to reduce the incidence of flooding,  Nwachukwu noted that natural disasters could occur despite preventive measures.

These unfortunate events, according to her further underscored the importance of insurance as a critical financial protection mechanism for individuals and businesses.

Nwachukwu therefore urged all policyholders whose insured properties or businesses have been affected by the flooding to promptly notify their insurance companies, insurance brokers, or insurance agents and commence the claims process without delay.

She pointed out that early notification and the submission of the necessary supporting documents would facilitate the timely assessment and settlement of valid claims.

She assures the public that its member companies remaind committed to providing professional support and the prompt settlement of all genuine claims in accordance with the terms and conditions of their insurance policies.

She stated that policyholders who require guidance on how to initiate or process their claims are encouraged to contact their insurers, insurance brokers, insurance agents, or the Nigerian Insurers Association for further information.

Nwachukwu reiterates that insurance is more than a financial product; ,’it is an essential pillar of economic resilience that enables individuals, families, and businesses to recover more quickly from unforeseen losses’.

As climate-related events such as flooding continue to pose significant risks, adequate insurance protection remains one of the most effective safeguards against financial disruption, she said.

She prayed for those affected by the floods even as she  wished  them strength, comfort, and a speedy recovery.

She  reaffirmed the commitment of the Nigerian insurance industry to fulfilling its promise of providing financial relief and restoring policyholders to their financial position prior to the loss through the prompt settlement on valid insurance claims.