Insurance Services

Our Insurance Services experience stretches back over thirty years. We have undertaken insurance work directly for numerous Cayman insurance companies. JEC has experienced surveyors who can handle day to day losses as well as dealing with major catastrophes such as hurricanes Gilbert, Mitch, Michelle, Ivan and Paloma.

We are associated with a major International loss adjusting firm who provides adjusting services throughout the Caribbean. This association enables us to draw on outside expertise and additional resources in the event of more complex claims or a natural disaster.

In addition to loss adjusting services, we offer risk assessment reports and insurance valuations. 

How much should you insure your property for?

For many people, real estate is often their greatest financial asset. Whether you own a house, a multi-family or an office block, being adequately insured us essential. So, how much should you insure your property for?

Your policy needs to cover the cost of rebuilding your property at current construction costs. Unfortunately, many simply purchase enough insurance protection to satisfy their financial lenders. Others confuse the real estate value (Market Value) of their home with what it would cost to rebuild it (Reinstatement Cost). Quite simply, you should have enough insurance to rebuild your property in the event that it is completely destroyed. Our reports cover build costs, plus an estimated amount for site clearance in preparation for construction and the professional fees associated with construction. We will also advise you of an inflation guard - to account for a reasonable increase in the construction costs of your property over a the insurance policy period. 

Our reports are available to guide you. Once you have the information provided by JEC, you should discuss the details of any policies on offer, what they include and exclude as providers coverage may differ significantly.