Personal Line

Fire and Lightning Insurance


This insurance policy indemnify the  insured against financial loss or damage to privately owned property being damaged or destroyed by fire or lightening and other related perils.

Scope of cover

Loss or damage caused by fire and other insured perils against:

  • property specified by insured for cover at the location specified therein;
  • standard accessory property to the property, which falls under its fire insurance value stated at the inception;


 Some of the basic exclusions are damage or loss:

  1. by theft during or after occurrence of fire,
  2. which is consequential of any kind;
  3. or destruction caused by pollution or contamination

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...


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...


Contact us

Protection House, Mickey Leland Street

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