Often property owners think their properties are fully covered in the event of a hurricane but forget about the “Average Clause” and how it can affect the funds received in the event of a claim.
Average Clause states, the policy owner should bear a portion of the loss if the asset is insured for less than the actual replacement value. So, in simpler terms, if your property is under-insured at the time of a loss, the amount paid will only be a percentage of the claim.
Don’t worry, you can prevent this by following these precautionary measures;
- Check with your insurance agent to ensure yearly adjustments to your premium reflects the cost of inflation and the overall value of your property
- Reevaluate your property to be sure that you are insuring for the correct value
- Take an inventory of the contents in your home including new valuables you may have.
If after you have taken the precautionary measure you realize that your sums insured are not adequate, then contact us at 4652511 (St. Kitts) or 4695430 (Nevis) today! Ensure your property is adequately insured…remember once a loss happens, it will be too late!
Each year the St. Kitts Nevis Fire and Rescue Services hosts an annual summer safety program in the month of July educating children from the age groups 5- 12 years old from various primary schools throughout the Federation.
The theme this year was “Building for a Safer Tomorrow by Preparing our Children Today”. Under this theme, the children were taught lessons in fire safety, traffic safety, water safety, disaster preparedness and crime and violence.
Upon completion of the program it is customary to award the Junior Fire Chief and the Junior Deputy Fire Chief. “The children were graded by answering questions about the camp, and re-enacting taught actions like the drop, stop & roll, emergency calls and what to do in an emergency”. -Leroy Caines, Assistance Coordinator
TDC Insurance company donated back to school packages to the top performers. “It is with pleasure that TDC Insurance gives back to this endeavor. We are always happy to help in programs where the importance of safety and disaster preparedness is taught.”- Evon Rogers TDC Insurance Company General Manager
The St. Kitts Nevis Fire and Rescue Services expressed its heartfelt thanks for this donation.