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Why You Need Insurance In Zimbabwe

17th Aug 2023 in

Why You Need Insurance in Zimbabwe

 

As they say, life happens; the good, the bad, and the ugly, and when life happens insurance is there to save the day. Insurance is a financial safety net that can protect you and your loved ones from financial ruin. It is especially important in Zimbabwe, where the cost of living is high and medical care, property damage, and other unforeseen expenses can be expensive to manage.

We all have an emergency fund or something we can hang on but when disaster strikes you don’t need to crack your head on where to find resources. Let’s say for example you have been an exceptional driver and someone hits your car from the back or as we have seen in mainstream media a tree happens to fall on your car, what will you do? The cost of repairing the car that’s if you are lucky it isn’t written off can be daunting. This is where your insurer comes to play, you need that cover to help you recover lost property.  

If you do not have insurance, and you are injured in a car accident, you could be left with a mountain of medical bills. According to a 2010-11 Demographic Health Survey, only 7% of Zimbabweans have health insurance or medical aid coverage. This means that the vast majority of people in Zimbabwe are not financially protected in the event of a serious illness or accident.

If your home is destroyed by fire, you could be forced to rebuild it out of your own pocket. Not to mention the risk of theft. Losing something you worked hard for is painful and restarting again might be difficult. And if you lose your job, you could find yourself unable to pay your rent or mortgage. Contrary to belief, insurance is not an expense, it is a way to not only safeguard your priced possessions but also give you peace of mind in an unforeseen event.

Insurance can help to protect you from these financial risks. It can give you peace of mind knowing that you will be able to afford the cost of medical care, property damage, and other expenses if something unexpected happens.

NMB Sure is the insurance division of NMBZ Holdings Zimbabwe. We offer a wide range of insurance products to protect you and your loved ones, including:

  • Vehicle insurance
  • Home Insurance
  • Travel insurance
  • Life insurance

 

We understand that insurance can be a daunting topic, but we are here to help you make sense of it all. Our team of experienced advisors can help you choose the right insurance products for your needs and budget.

Don't wait until it's too late. Get insured today and protect yourself and your loved ones from financial ruin.

Contact NMB Sure today to learn more about our insurance products and to get a free quote. We can help you find the right insurance to protect you and your loved ones from financial ruin.