Unforeseen events a reminder of the need for adequate insurance coverage

January 18, 2022
Life can hit us with some unexpected curveballs. In 2021, the Caribbean saw the eruption of the La Soufriere volcano, as well as the development and subsequent landfall of a subtropical storm prior to the official start of the hurricane season. This year, the world woke up to the news of a massive underwater volcanic eruption off Tonga on January 15, the effects of which were felt around the world. 

It is for these very reasons that Sagicor General Insurance (SGI) is advising every Trinidad and Tobago property owner or renter to begin 2022 by evaluating their insurance coverage needs and taking the necessary steps to protect what they have worked hard to amass. 

Dexter Mc Knight, SGI’s Vice President of Insurance Operations, said these unforeseen events in 2021, along with the continued impact of the COVID-19 pandemic, are clear reminders of life’s unpredictable nature and the need for persons to always be prepared. 

He said, “If the last two years are proof of anything, it is that we don’t know what is coming around the corner, but with the right approach, we can put ourselves in a position to withstand whatever may come our way. Having invested considerable sums to build or purchase a property, or to obtain appliances, equipment and other costly items, the thought of losing that investment is a very daunting proposition, especially when protection is readily available.” 

With the right insurance coverage, individuals can be assured that in the unfortunate event that their property or possessions are damaged or destroyed by such disasters, Sagicor will provide them with the necessary financial support to pick up the pieces and get their lives back in order. 

The insurance executive also made the point that the value of insurance in the context of the prevailing environment is even more critical at this time. 

Mc Knight said, “We at SGI are cognizant of the fact that many people have been impacted financially by the COVID-19 pandemic. However, we want to urge those who already have their properties insured to do their best to not only keep those policies in place but also to review them to ensure the sums insured are adequate. If they are experiencing financial difficulties, we encourage them to call us, explain their situation and we will do our best to work with them. The worst possible thing that could happen to any of these individuals at this time is to experience significant damage or loss of property without the financial ability to repair, rebuild or replace.” 

For more information and to get the best coverage for one’s  valued possessions, Mc Knight urged individuals to reach out to a Sagicor advisor, or engage with one of the company’s team of knowledgeable representatives, whether by sending a WhatsApp message to 1-246-467-7243, emailing [email protected], or connecting via SGI’s Instagram and Facebook pages.