The serene island of Barbados, inhabited by an approximately 274,000 people is the most developed country in the Eastern Caribbean.
The island is known to be among countries with the "densest" and "most crowded road networks," with 62.6 vehicles per kilometer of road, states the Economist Intelligence Unit, which compiles and publishes data on a range of economic and social issues every year.
Owing to the above facts motor vehicles are more prone to accidents. Apart from the commonly known road accidents, vehicles can be damaged due to natural calamities like fire, storm and flood to name a few. Additionally, there are other types of threats such as burglary, malicious damage or impact damage and the list goes on.
The importance of Motor Insurance cannot be undermined. Often people do not understand the gravity of its importance. Moreover, often they do not know which policies would correctly meet their needs. They are either unaware or confused. Thus, by becoming aware of motor insurance and knowing which policy, from which company correctly meets your need and suits your pocket, you are better prepared and secured as a driver.
To help with situations and challenges that may arise, there are innovative solutions from insurance companies that facilitate easy decision making for motor vehicle owners. For instance, one of the most trusted insurance companies, CGI Consumers' Guarantee Insurance has revolutionized the insurance market in Barbados through its innovative solutions.
Standing tall for two decades, the company has built its reputation through innovation and value addition to the insurance industry. Its deep understanding of consumer's needs and concern for the greater good have led it to come up with novel solutions like "Agreed Value" motor insurance, "AutoMate" roadside assistance and free car valuations.
So, what are the factors to bear in mind while choosing motor insurance?
CGI offers competitive pricing with a customer oriented focus in delivering products and services.
Today, in response to the increased risks on roads, CGI counteracts it by bridging the gap between a challenging economic climate and the consumer's pocket. State of the art online services and the introduction of ‘Monthly Insurance Plans' enable customers to pay their installments in a way that is most convenient to them.
Firstly, as a smart vehicle owner, you need to evaluate judiciously the amount of financial protection you will need. Subsequently you can avail a policy that covers your vehicle completely. This is where a company like CGI Consumers Guarantee Insurance steps in and helps vehicle owners to assess accurately how much to spend without unnecessary expenditures. It is this approach and a customer oriented point of view that makes an effective insurance organization stand out and benefit the customer.
Secondly, be sure to look into the services that the insurance company is providing. For example, CGI's ‘free vehicle valuation' is to provide customers with the current market value of their vehicle so that they only purchase the coverage they actually need. This results in savings through lower cost insurance.
Third, the provision for online services that replaces tedious paperwork makes the whole process quicker, simpler to understand and easily available to the customers anytime at their convenience. This makes the whole process transparent and much more comfortable for you.
Fourth, look out for free motor insurance quotes and installment calculators allow you to compute premiums that suit your budget.
Fifth, don't miss out on the additional free services that companies offer. For instance, ‘AutoMate' from CGI is available to CGI Private Motor Policyholders and is a 24-hour emergency response team trained to respond to common automotive problems. AutoMate services include accident response, key retrieval, emergency fuel delivery, flat tyre assistance, mechanical breakdown assistance and shuttle service from site of accident or breakdown.
Sixth, ensure that the company has a sound track record of settling claims. CGI Consumers' Guarantee Insurance settles an average of 2 million dollars in claims per month.
Seventh, find out if their customer service is quick, efficient and responsive. Can they quickly handle your query? Features like live chat enable customers to directly communicate in real time with the customer service representatives in total confidentiality
Given the dramatic increase in risks concerning road accidents and unforeseen incidents that affect motor vehicle owners in Barbados today, the need for insurance cannot be diluted. Basically what you need to look out for are policies from well known companies which meet your needs and are within your budget.
Thus, while choosing your motor insurance as you keeps the above factors in mind, you can be sure to find the necessary peace, comfort and security needed for a smooth drive!
The island is known to be among countries with the "densest" and "most crowded road networks," with 62.6 vehicles per kilometer of road, states the Economist Intelligence Unit, which compiles and publishes data on a range of economic and social issues every year.
Owing to the above facts motor vehicles are more prone to accidents. Apart from the commonly known road accidents, vehicles can be damaged due to natural calamities like fire, storm and flood to name a few. Additionally, there are other types of threats such as burglary, malicious damage or impact damage and the list goes on.
The importance of Motor Insurance cannot be undermined. Often people do not understand the gravity of its importance. Moreover, often they do not know which policies would correctly meet their needs. They are either unaware or confused. Thus, by becoming aware of motor insurance and knowing which policy, from which company correctly meets your need and suits your pocket, you are better prepared and secured as a driver.
To help with situations and challenges that may arise, there are innovative solutions from insurance companies that facilitate easy decision making for motor vehicle owners. For instance, one of the most trusted insurance companies, CGI Consumers' Guarantee Insurance has revolutionized the insurance market in Barbados through its innovative solutions.
Standing tall for two decades, the company has built its reputation through innovation and value addition to the insurance industry. Its deep understanding of consumer's needs and concern for the greater good have led it to come up with novel solutions like "Agreed Value" motor insurance, "AutoMate" roadside assistance and free car valuations.
So, what are the factors to bear in mind while choosing motor insurance?
CGI offers competitive pricing with a customer oriented focus in delivering products and services.
Today, in response to the increased risks on roads, CGI counteracts it by bridging the gap between a challenging economic climate and the consumer's pocket. State of the art online services and the introduction of ‘Monthly Insurance Plans' enable customers to pay their installments in a way that is most convenient to them.
Firstly, as a smart vehicle owner, you need to evaluate judiciously the amount of financial protection you will need. Subsequently you can avail a policy that covers your vehicle completely. This is where a company like CGI Consumers Guarantee Insurance steps in and helps vehicle owners to assess accurately how much to spend without unnecessary expenditures. It is this approach and a customer oriented point of view that makes an effective insurance organization stand out and benefit the customer.
Secondly, be sure to look into the services that the insurance company is providing. For example, CGI's ‘free vehicle valuation' is to provide customers with the current market value of their vehicle so that they only purchase the coverage they actually need. This results in savings through lower cost insurance.
Third, the provision for online services that replaces tedious paperwork makes the whole process quicker, simpler to understand and easily available to the customers anytime at their convenience. This makes the whole process transparent and much more comfortable for you.
Fourth, look out for free motor insurance quotes and installment calculators allow you to compute premiums that suit your budget.
Fifth, don't miss out on the additional free services that companies offer. For instance, ‘AutoMate' from CGI is available to CGI Private Motor Policyholders and is a 24-hour emergency response team trained to respond to common automotive problems. AutoMate services include accident response, key retrieval, emergency fuel delivery, flat tyre assistance, mechanical breakdown assistance and shuttle service from site of accident or breakdown.
Sixth, ensure that the company has a sound track record of settling claims. CGI Consumers' Guarantee Insurance settles an average of 2 million dollars in claims per month.
Seventh, find out if their customer service is quick, efficient and responsive. Can they quickly handle your query? Features like live chat enable customers to directly communicate in real time with the customer service representatives in total confidentiality
Given the dramatic increase in risks concerning road accidents and unforeseen incidents that affect motor vehicle owners in Barbados today, the need for insurance cannot be diluted. Basically what you need to look out for are policies from well known companies which meet your needs and are within your budget.
Thus, while choosing your motor insurance as you keeps the above factors in mind, you can be sure to find the necessary peace, comfort and security needed for a smooth drive!
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