CIIA urges residents to make insurance claims asap

| 04/07/2024 | 45 Comments
Damaged doors at Windsor Village in South Sound

(CNS): Homeowners whose property was damaged by Hurricane Beryl should contact their insurance providers as soon as possible, the Cayman Islands Insurance Association has said. Insurance providers can receive and assist with claims, CIIA said, but prompt communication is crucial to ensure they are processed efficiently and effectively. However, the association said that most insurance policies include a catastrophe deductible, which is typically at least 3% of the insured value of a property.

“This deductible will apply to claims related to damages caused by the hurricane,” CIIA said in a press release, encouraging people to review policy documents and reach out to insurers for clarification. “Your insurance provider is there to assist you through this process and to help you understand the specifics of your coverage and deductibles.”

The CIIA said it was committed to supporting the community through this recovery period. “We will continue to work closely with all stakeholders to ensure that claims are handled promptly and fairly,” it added.

Insurance coverage has become a major challenge for homeowners in Cayman. Premiums have become increasingly unaffordable and are expected to get worse as climate change makes what were once infrequent natural disasters a regular event. In the coming months, the cost of premiums coupled with the deductibles will add to the misery of many of those whose property was damaged during the hurricane at the start of a hurricane season that is expected to be exceptionally busy.

See video from social media of Windsor Village in South Sound below:


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Category: Business, Insurance

Comments (45)

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  1. Chet Oswald Ebanks says:

    Woow, Really now, you build on our precious ironshore and destroy our mangroves, thus killing the juvilene sea life. What you expect the beautifull Caribbean Sea to do. You greedy home owners, real estate agents and companies get what you get coming to you. Mother Nature takes it back. Washing water in and out, oh my honey what we gonna do. Use your darn common sense stop destroying my Caribbean island nation. Building on our ironshore, walls, boat docks etc Mother Nature takes it back. You really now expect to stop that vast Caribbean Sea. You dum bunch of that almighty green dollar idiots. Serves you right for destroying my home island.

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    • Big Bobo In West Bay says:

      Chet, Perhaps you should look into who were the family / people who built Windsor Park years ago. They were our people who destroyed our home island.

  2. Anonymous says:

    Were any of the developments on South Church Street damaged?

    • Anonymous says:

      What were the Fin developers expecting after building on the ironshore?

      • James S. says:

        Michael Ryan and Dale Crighton will be long gone. Fin was finished years ago and the condos will all be sold by now. It’s not their problem.

        • Carol B. says:

          I agree, I don’t doubt Michael Ryan and Dale Crighton are long gone. The condos were finished in 2021. It is odd that three of the Fin penhouses are back on the market. I guess that is all of them. They are being advertised with stock photos. There isn’t anything to show they were on the market before Beryl. Is it okay if problems are just passed onto new owners? Is that okay in Cayman? In NY you would face a lawsuit.

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  3. Anonymous says:

    what really is mind boggling that some living in these buildings decided to stay instead of going to one of the shelters. Entire houses were washed out to sea during Ivan.
    Nobody told them? Ignorance? Lack of common sense?

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  4. Anonymous says:

    Biggest scam since organized religion.

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  5. Anonymous says:

    Never a better time to buy.
    Contact your CIREBA realty agent.

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  6. Anonymous says:

    This damage proves once again that shutters are no match for the direct impact of truck loads of water being thrown on to them. So DON’T BUILD SO CLOSE TO THE OCEAN.

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    • Anonymous says:

      you know what they say about fools and sand…

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    • Anonymous says:

      Storm Conditions:
      How those conditions affect specific locations in our 3 islands. Regrettably though …Developers laze in too much of their own greed to listen to smarter people when it comes to building close to the ocean in a vulnerable place.

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  7. Elvis says:

    I honestly for the life of me understand how you can live on south sound without hurricane standard glass as well as hurricane shutters. I mean, NOTHING UP?

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  8. Anonymous says:

    Premiums have become unaffordable because of reckless builders and homeowners that have waterfront properties but don’t design in any defence against water egress.
    The Windsor Village properties, being a prime example, illustrates this. No shutters, no sandbags or any other barrier defence. Sheer stupidity!

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  9. Anonymous says:

    South Sound condos aren’t cheap if people can afford to live there they can afford to fix the damages. They knew the risk when they moved to Windsor Village.

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    • Anonymous says:

      Ah, but they may not have. It’s not on the glossy realtor brochures. All this talk of climate change and raising sea levels while water front properties command higher and higher prices, no matter how poorly designed. Many live for the day and or lack any understanding of our environment.

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  10. Anonymous says:

    And this right here is why you shouldn’t build so close to the water 🙂

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  11. Anonymous says:

    Video shows once again how foolhardy it is to build so close to the ocean. It is beautiful until it comes to visit.

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  12. Anonymous says:

    insurance companies are not there to help you.

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    • Anonymous says:

      ok…go uninsured then….zzzzz

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      • Anonymous says:

        You weren’t born here, were you?

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      • Anonymous says:

        As daft as it sounds you might be better off. I had 30k of damage in Ivan and my deductible now is 33k and my policy does not include debris removal. I have no mortgage and contemplating giving up the crazy insurance premiums and self insuring. The ‘peace of mind’ selling tagline isn’t working anymore.

        • Anon says:

          you’ve only just realized the reality is other than total loss virtually everybody here is pretty much uninsured,simply because of the deductible.you yourself can fix alot of damage with that 33k.so your best put the premium in the bank each month and only touch it for doing work on your property if you get any damage.
          it’s all bullshit,the bankers are in bed with the insurance companies.thieves all of them.

    • Anonymous says:

      Then don’t insure. It’s your choice. Good luck.

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      • Anonymous says:

        It’s not your choice if a) you have a mortgage or b) you live in a strata community (like Windsor Village). It’s only your choice if you are wealthy enough to have a single family home or other non-strata property that has no mortgage. Given your flippant “good luck” remark, I can tell humility and empathy for those not as wealthy as you are obviously not your strengths.

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      • Anon says:

        yeah an good luck to you making a claim.

    • Anonymous says:

      Nope – They are there for the same reasons our politicians are there – to make boatloads of money.

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    • Anonymous says:

      Exactly right. They are a necessary evil. Few of us can afford to self-insure. Insurance is like betting against yourself and hoping you lose. It used to be an honourable profession, until they realised how vanloads of money could be made by arguing and stonewalling claims.

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