Without any exaggeration, the worth of the items in her store couldn’t be less than 5 million naira because we all know how expensive a single glass decoration or table can be.
In the course of discussion, I realised how hardworking and dedicated this woman was, and I knew she was into a very risky venture. I asked myself “what if she loses all these?”
So I said to her “I hope this place is insured sha,” expecting to hear the usual “yes of course. Why won’t it be?”
The way she hesitated and looked at me confirmed my worst fear when she said “Not really. You know, there is SPIRITUAL INSURANCE!”
Someone please slap me now.
Here is this gigantic interior décor store that takes the expanse of a whole flat with massive investment, plus another warehouse of another flat where we went to carry the items I bought, completely uninsured. And she says spiritual insurance.
I didn’t enter the warehouse to carry my items because someone did that for me, but I knew for a fact that it was even worth more than the store I was standing in. So this is a minimum of 10 million we are talking about. I am absolutely sure it is more than that because she has so many items, much more than you can imagine.
I asked her how much insurance would cost her annually, and she said N200,000 (two hundred thousand naira). I spent a quarter of that in her shop, and I know that she makes far more than that in a day. I said “excuse me ma, go and do insurance please.” I said I don’t want an incident that would be causing her to say “had I known.” I said “I think you should transfer that risk now, as soon as possible. This is to big for it not to be insured. Just too big. I am not an insurance agent, and I am not gaining anything from this so just take it as an important piece of advice which you must implement on immediately.”
After mentioning some cash flow issues, she said she would do the insurance. To be honest, I don’t know if she would do it. Even if she does it, she didn’t sound like someone who would do it soon, as she doesn’t see the urgency in it.
I didn’t want to outrightly tell her that “what if your store burns down” so that she wouldn’t say I wish her evil. I could see that her pastor and church sticker was on her entrance door so I was sceptical to talk anyhow to people who use spiritual insurance.
So my question is this. Do people shun insurance cover because they are Christians? In simple words, should we or should we not insure heavily invested businesses because we have prayed, and covered our businesses with the ‘blood of Jesus’? When fire outbreaks, flood, natural disasters or robberies occur, is it that the blood of Jesus or spiritual insurance is not at work in that business? Does using insurance cover for your business display a lack of faith?
I know comments here can get controversial because we live in a highly religious society, but let us carefully examine this matter, respecting those who have chosen to solely stick with spiritual insurance and those who have decided to walk by sight by paying the insurance companies.