This year’s devastating hurricanes spotlight a major insurance issue for local apartment, condo and townhouse owners. Unless the properties share a single insurance policy, there may be problems with claims. Townhouses share walls and sometimes roofs. Apartments and condominiums may also share floors and ceilings. If adjoining properties have different policies, the insurers share theMore
Our Group Plans unit develops unique features for homeowners covered by blanket plans provided by employers, financial institutions and condominiums/townhouses. RMS’ Valued Customer Plans allow individuals to benefit from these features along with the economies of scale normally reserved for large homeowner plans. Customers will find easy access and ample parking to our premises at Borde Street, Port of Spain and Cipero Street, San Fernando.
Over the last two (2) years the cost of Construction has sky rocketed. The price of Structural and Reinforcing Steel has increased by more than 80%, Cement by 10%, Concrete by 30%, and Copper by 30%. Building costs have increased by over 20% in this period. As a result the replacement cost of existing buildings has increased significantly. TheMore
A tree branch falls and damages your roof. Your gate squeezes a visitor’s hand. Someone left the tap on – while you were away over a long weekend. Your homeowners policy provides insurance coverage for each of these situations and many more because it is a “package” of insurance for (1) your house, furniture and personal belongings,More
DOES YOUR INSURANCE POLICY COVER FLOOD? (by Tarran Dookie) UPSURGE IN FLOODS Floods have become a cause of increasing concern, especially for persons likely to be affected by them. Floods have become the most frequent type of disaster worldwide. That there has been an upsurge in floods cannot be denied. Flood damage due to hurricanes in the USA inMore
THE DOG CONTROL ACT 2014: INSURING THE LIABILITY (by T.Dookie) PROCLAMATION OF SECTIONS OF THE ACT After proclamation by the President of Trinidad and Tobago certain sections of the Dog Control Act, 2013 (as amended by the Dog Control (Amendment) Act, 2014 came into force on June 02, 2014. It is only those sections of the lawMore