General Insurance

Burglary and housebreaking

 

Burglary policy tries to indemnify insured against financial loss to privately owned property or any part be lost by theft. It is a burglary private dwellings insurance policy which is available to households.

Scope of cover

  • Property lost by theft which only accompanied by actual forcible and violent breaking into or out of a building;
  • Any damage to the property insured or to the premises falling to be bear by the insured and which shall be due to any theft or attempt threat.

Exclusions

Some of the basic exclusions are loss:

  1. arising whilst the dwelling is unoccupied for given days, whether consecutive or not;
  2. happen during the progress of or following upon fire or explosion accidents;
  3. arising in consequence of or occasioned by or happening through war, invasion, or similar acts;

 

 

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...

Investments

Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...

Links

Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76