02/13/23

Know the Details of Your Insurance Coverage

Homeowners across the territory have been paying more attention to the details of their insurance coverage. It is vital for every property owner to fully understand their insurance, and the limits provided in their policy.

Understanding the differences between Basic, Broad and Special insurance coverage is essential for every islander. Fully understanding “under insurance” is also critical. Different carriers and insurance brokers offer different forms of coverage, and it is very important that every homeowner or property owner understand these differences, and what their policy does, and does not cover, as well as the limits or exclusions in that coverage.

For example, ask yourself this simple question. Do you know how your current insurance policy addresses the following perils:

Hurricane
Flood
Windstorm
Earthquake
Tsunami
Mudslide

The time to review and understand your coverage is now - not when a storm or catastrophic weather event takes place. We are here to review your current policy at no cost to you, and to recommend the insurance coverage that best fits your needs. More importantly, we can work with you so that you fully understand the details of your insurance, so you can be confident in your protection should a claim occur.

Plus, an insurance review is a great way to catch any changes that may have occurred with your property that you think may be trivial, but in fact may have an impact on your insurance policy. Whether it’s a remodeling project you’ve completed, or a change to one of your structures, many seemingly small changes can affect your insurance coverage.

As one of the oldest and largest insurance agencies in the Virgin Islands, we take the time to provide the level of attentive care each customer deserves. As a 100% employee-owned company, we strive to be an insurance agency unlike any other.