Let's answer your Insurance questions

• Insurance
  • How is my auto insurance premium calculated?

    1. The insurance premium you pay is based on standard calculations involving the following factors:

       - The vehicle’s profile (type, usage, engine size and value)

       - Each driver’s profile (including age, occupation, driving experience and driving history)

       - Higher premiums may be incurred by high performance engines, young or inexperienced drivers, and expensive or unusual vehicles

        

        

  • How do I make an auto insurance claim?

    1. In the event of an accident, remember:

       - Do not admit liability

       - Call the Police immediately

       - Contact us on the emergency hotline for assistance

       - Obtain the names and addresses of all parties involved and available witnesses who are not passengers in your vehicle

       - Record measurements taken by the Police

       - Take photographs or have photographs taken of vehicle/ property damage

       - Secure vehicle to prevent further damage

  • How is my home insurance premium calculated?

    1. ·         The premium you pay is based on careful calculations involving these factors:

       ·         Your home profile (timber, wall, square footage)

       ·         Age of your home (whether it's a brand new construction or more aged home)

       ·         If you live in a high-risk area (such as a beachfront property or hillside lot)

  • What is a policy deductible/excess?

    1. This is the first part of a claim, which You must pay.  If claims are under two or more sections for loss or damage sustained at the same time, the deductible/excess will be deducted separately from the total amount under the agreed claim settlement.

  • How is my mortgage indemnity premium calculated?

    1. The premium you pay is based on careful calculations involving these factors:

       ·         Purchase Price of property (including land)

       ·         Amount of Loan

       ·         Maximum Loan Amount

       ·         Term of Mortgage