DISCLOSURE REQUIREMENTS

It is important you disclose any information in writing on any changes or developments in the risk profile of subject t insured that may influence the judgment of a prudent insurer in fixing or assessing the premium or accepting the risk, failure to do this may result in your policy being voided so we strongly advise you treat with the requirement of disclosure seriously on this and every renewal.

Pursuant to the Financial Obligations Regulations 2010 and the Proceeds of Crime Act (2000), AML/CTF Regulations mandate Brokers to conduct Due Diligence on their customers by obtaining the requisite Know Your Customer (KYC).

CLAIMS & NOTIFICATIONS

Please note that it is imperative you notify us immediately upon the happenings of any loss or development which may give rise to a claim. Any delay in notification can result in repudiation of a claim by Insurers. In a liability situation, you must neither give admission thereof nor undertaking to settle or make any payment in respect of any claim presented to you in connection therewith.

RESPONSIBILITY TO READ

It is your responsibility to read your insurance documents and familiarize yourself with the policy coverage, terms, conditions, and deductibles. Please take a moment to go over it. Should you require an explanation of your coverage, feel free to contact us at NGL

RESPONSIBILITY TO CHECK

It is essential to check the attached/enclosed broker slips and documents of Insurance to ensure that the information is accurate and in accordance with your requirements. If it is not, immediately notify us at NGL at for this to be corrected.

ARE YOU OVER THE AGE OF 60?

Once all persons named on the policy are over 60 years of age, they will not be subject to the 6% Government Tax. Two valid forms of government-issued identification from each person are required to enable us to exempt you from this Tax. Please note this exemption does not apply to properties held in company names.

SEPARATE VALUES ADVISE

We advise that Policyholders declare separate values where possible. Buildings, stock in trade, tenants improvements, values per location etc. This exercise may be beneficial in determining the adequacy of your sum insured and applying excesses in the event of a loss.

DEDUCTIBLES/ EXCESSES

A deductible/excess is the amount you are responsible for in the event of a loss as stated on your policy.

EXAMPLE
Agreed Loss $100,000.00
Policy Excess $ 5,000.00
Claim Settlement $ 95,000.00

Simply put, insurers will not entertain claims below the stated policy deductibles.

CHANGE IN OCCUPANCY OF THE POLICY

Policyholders must advise us if the property is no longer occupied as a private dwelling, as this affects the policy cover. Informing us will ensure we secure the necessary cover on your behalf.

FOR MORE INFORMATION

If you would like to discuss any matter with respect to your policy please contact any member of our Personal Lines Division for assistance.

Telephone: +1 (868) 62-COVER, +1 (868) 622-0007

WhatsApp - +1 (868) 723-0472