Insurance, A Relief to the Victims of Flooding

Abstract: It has been a known fact from several studies from both developed and developing world that people constantly fall victim of natural disaster. Even in the developed countries where technologies are used as a mechanism to forewarn people about the incidents of disasters, some numbers of people were still recorded as victims of flood disaster. The magnitude and occurrence of flooding were observed to be increasing due to climate change and anthropogenic factors, victim records are also increasing. Therefore, this study examines the magnitude of havoc wrecked by flooding,measures problems encountered, as well as inform the victims about possible assistance to alleviate their problems. Methodology: data used in this research are both primary and secondary data. In primary data; questionnaire were used to elicit information from victims on; Persistence of exposure to flood, various problems encountered, and havoc rendered by flood in the area. Secondary data; from other related researches were used to augment the field data. The data were analysed using descriptive statistic; percentage, and (chart and graph). It wasconcluded that large number of people in the area were suffering from flood disasters and had no knowledge on insuring their various properties, particularly those that were exposed to persistence flooding because their houses were built in the endemic area of flooding. Insuring their houses against flooding will alleviate their problems