Jack’s Japa Empowerment - Diaspora Handbook

111. INSURANCE In Nigeria, many people go without insurance, relying on faith, family, or luck. However, in the United Kingdom, insurance is a system of protection that can keep you safe from tragedy. The premise behind health, car, home, and life insurance is the same: you pay little amounts on a regular basis so that you are protected if something unexpected happens. Take vehicle insurance as an example. In the UK, it is mandatory rather than optional. If you drive without it, you could face fines, penalties, and even a criminal record. Insurance provides financial protection in addition to legal compliance. One accident without insurance might deplete your funds and leave you in debt. The same is true for home or contents insurance. If fire, theft, or damage occurs, insurance helps you recover. Without it, you are left alone to carry the burden. Nigerians also undervalue health insurance. While the NHS provides free healthcare, it does have limits, such as high wait times, cer...