You invest a substantial amount in acquiring your house, contents, personal effects and other assets. If you are an entrepreneur, you may have made significant financial investment in buildings, stock and equipment. In the event of loss or damage resulting from fire, flood, earthquake, burglary or other perils can prove costly. Extensive loss or damage may even result in financial ruin. Purchasing adequate property insurance coverage ensures peace of mind and guard against financial disaster.
Our Homeowners Comprehensive Insurance Package offers the best value and widest range of coverage in Guyana. It is ideal for private dwellings, condominiums, self-contained apartments or contents only. The policy covers (but not limited to):
Perils
Fire, lightning, explosion, flood, burglary, vandalism, malicious damage, earthquake, overflow of the sea, windstorm, storm, hurricane, impact damage, accidental damage, bush fire, riot, strike, civil commotion, subsidence, landslip, ground heave, etc.
Buildings
All buildings and structures on the premises used for private purpose along with solar water heaters and air-conditioning units.
Contents
Household furnishing, appliances, fixtures and fittings, electronic equipment, valuables and personal effects, clothing, contents in freezer and internal decorations. There is also limited coverage for sporting equipment.
Employers Liability
$250,000 free cover for injury, disease or illness with an option to increase. Employees include all personal domestic staff including gardeners
Public Liability
You or members of your household may become legally liable to a third party for injury or loss or damage to their property. The policy provides up to $750,000 free cover with an option to increase.
Personal Accident
If you suffer bodily injury caused by an accident which results in permanent total disablement, the policy provides $250,000 free cover with an option to increase.
Alternative Accommodation or Loss of Rent
If your home becomes uninhabitable due to damage caused by an insured peril, the policy covers the cost of alternative accommodation or loss of rent up to 10% of the sum insured on buildings while repairs are done.
Accidental Damage
Provides cover for accidental damage to valuables and personal effects, electronic equipment and outdoor sporting equipment anywhere in the geographic area.
Accidental Breakage of Glass
Provides cover for accidental breakage of mirrors, fixed glass, plate glass, basins, baths and sanitary fixtures.
Replacement of External Door Locks
Provides up to $50,000 for the replacement and installation of external door locks if keys are stolen.
All Risk (Optional)
Provides optional cover against loss of or accidental damage by any cause to valuables and personal effects and electronic equipment while overseas.
GTM provides three fire insurance policy options for both residential and commercial risks. They are:
Fire Only:
Provide basic insurance protection for loss or damage resulting from fire, lightning and explosion.
Fire and Limited Perils:
Provide insurance protection for loss or damage resulting malicious damage, and riot and strike in addition to fire, lightning and explosion.
Fire and Full Perils:
Provide basic insurance protection for loss or damage resulting flood, malicious damage, earthquake, windstorm, hurricane and other allied perils in addition to fire, lightning and explosion.
All Risk
Covers loss or damage to property however caused including fire and perils, burglary and accidental damage subject to the terms and conditions of the policy.
Bonds
The Company offers Bid, Customs, Mobilisation and Performance Bonds.
Provides a guarantee to pay a sum of money in the event of failure to deliver or perform as per the terms of the contract.
Provides a guarantee to pay a sum of money in the event of failure to deliver or perform as per the terms of the contract.
Burglary
Covers loss or damage to the Insured’s property as a result of theft or attempted theft following forcible or violent entry to or exit from the premises including armed robbery/hold-up.
Business Interruption / Consequential Loss
Covers loss of profit due to the interruption of your business as a result of an insured peril under the Fire and Perils Policy.
Cash in Transit
Provides cover for loss of cash during transit (subject to terms and conditions of policy).
Fidelity Guarantee
Covers an employer against loss of money or merchandise arising out of fraud or other acts of dishonesty committed by employees including collusion.
Contractors All Risks
Covers All Risks of physical loss or damage to the property that is under construction which includes contract works, construction, plant and machinery.
Computer All Risk
Covers All Risks of physical loss or damage to equipment.
Professional Indemnity
Provides cover for select professionals and businesses in the event that legal action is taken against them by third parties claiming to have suffered loss or injury as a result of mal-practice or advice given to them.
Goods in Transit
Covers loss of merchandise during transportation due to various perils including robbery/hold-up.
Money
Covers loss or damage to money whilst on premises or in transit including hold-up and damage to safe or strong room due to burglary or attempted burglary.
Employers Liability
Covers an employer’s legal liability to the employees in respect of bodily injury, illness, disease or accidental death arising out of and during the course of their employment.
Public Liability
Covers an Insured’s legal liability for death or bodily injury sustained by a Third Party or damage to a Third Party’s property caused by negligent acts arising from the operations of the Insured’s business.
Travel
Provides cover of expenses associated with medical emergencies, lost baggage, Personal Accident and other benefits while you are travelling overseas.
“In 2013, when my business was completely destroyed by Fire, GTM's efficient handling of my claim provided me with the peace of mind that all was not lost. I was able to rebuild my business and my livelihood due to the Company's commitment and excellent service delivery. GTM has stood with me when I needed it the most."
DENNIS CHARRAN
Managing Director, Comfort Sleep
DR. EMSCO REMY
Optometrist, Director of St. Lucia Eye Centre
"As a busy business man, effective management is vital to my business. Choosing GTM Insurance has taken me one step closer to achieving my business goal. GTM ensures that I have sufficient coverage for all potential risks and gives advance reminders of policies that are due for renewal"