Insurance Is The Only Protection For Fire Accident

Two days ago, I turned on the TV and I was watching Channels Television when I saw an NNPC petrol station on fire in Ogba. All I could think about was, I hope no one died in this fire outbreak. I went on their website and I saw pictures of damaged cars including the featured picture of this article. There would be no recourse for these victims. Which brings me to my view that car insurance is the only protection for fire accident.

Imagine you were at the petrol station when the fire started, with chaos everywhere, the roads in and out blocked as we are wont to do due to our impatience. The fire rapidly devouring everything within reach aided by the petrol pumps present, making it very potent and deadly. You are sitting in your car worth N3 million and that was when Dollar was $1 to N360. Now Dollar is trading at $1 to N500. Which means you would need about N4,000,000.00 now to replace that car due to the devaluation of Naira.

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At this time of uncertainty due to the Corona Virus, there are all manners of things going through your mind. Should you leave the car there to perish and run for your life? Or should you risk your life to at least try to save the vehicle?

The Igbos say Ndubuisi, which means that life first. However, when confronted with this situation, your mind would be processing a lot of information at the same time. It would be easy to sit where you are and say that, you will leave the car and run. But when confronted with such situation, the are factors that determine how you react. For instance, can I afford to lose the car? Can I afford to replace the vehicle? Do I need this car for my daily bread? How important is the vehicle to me? These things all would flash through your mind all at once and based on your answer, you would have to make an instant decision, usually withing seconds.

But if you have been following my page, you know by now that Fire accident is covered by comprehensive car insurance. Among many other things that comprehensive insurance covers. So if you have insurance and you find yourself in that situation, the only thing you should be thinking about is to run for your life. So from a financial point of view, insurance is the only protection for fire accident.