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):
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.
All buildings and structures on the premises used for private purpose along with solar water heaters and air-conditioning units.
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.
$250,000 free cover for injury, disease or illness with an option to increase. Employees include all personal domestic staff including gardeners
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.
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.
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.
Provides cover for accidental damage to valuables and personal effects, electronic equipment and outdoor sporting equipment anywhere in the geographic area.
Provides cover for accidental breakage of mirrors, fixed glass, plate glass, basins, baths and sanitary fixtures.
Provides up to $50,000 for the replacement and installation of external door locks if keys are stolen.
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:
Provide basic insurance protection for loss or damage resulting from fire, lightning and explosion.
Provide insurance protection for loss or damage resulting malicious damage, and riot and strike in addition to fire, lightning and explosion.
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.
Motor insurance is compulsory by law. At minimum, a person wishing to operate a motor vehicle on the roads of Guyana is required to have basic insurance coverage on the vehicle at all times. It covers damage or injury caused by you or someone authorised by you to drive the vehicle.
There are two main types of cover offered by GTM.
Comprehensive insurance covers your potential legal liability to other parties along with damage caused to your vehicle accidentally, fire and theft. Our Medical Professionals Club, Female Drivers’ Club and Special Private Motor Insurance Package provide much wider coverage than any other offered in Guyana.
Third Party insurance covers your potential legal liability for damage to another vehicle, damage to another person’s property and bodily injury to another person. Third Party insurance does not cover loss or damage to your vehicle.
Our Accident Protection Plan is benefit that can be included under your motor insurance policy for a small premium or purchased on its own, even if you are not the owner or driver of a motor vehicle.
Our Female Drivers’ Club provides enhanced benefits to all female GTM motor private insurance policyholders who become members of the club. The vehicles should be used for private purpose only.
Motor Private Comprehensive Policyholders
All existing and new female policyholders who own and drive the insured vehicle are eligible to become members at no additional cost provided certain conditions are met.
Female policyholders who have Third Party insurance coverage are eligible to become members of the Club however, they are required to pay a fee of five thousand dollars per year.
Prospective club members are required to submit two passport-sized photographs of themselves so that the Company can prepare identification cards. The identification card is required to access the service.
Our Medical Professionals Motor Club provides a wide range of benefits to medical professionals who own their own private motor vehicle. (Comprehensive cover ONLY)
INTRODUCTORY PREMIUM DISCOUNT. 20% on signing up.
Highest NO CLAIM DISCOUNT in Guyana. A maximum No Claim Discount of 65% per vehicle.
ACCIDENT FORGIVENESS: If your vehicle is involved in an accident after the first year, your No Claim Discount will not be affected even if you are at fault.
AUTHORISATION OF REPAIRS: GTM is the first to offer settlement via Authorisation of Repairs. If your vehicle is involved in an accident and can be economically repaired, GTM will issue a letter authorising repairs to the vehicle.
FREE ALTERNATIVE TRANSPORTATION: In the event of an accident, GTM will provide free alternative transportation while the vehicle is undergoing repairs up to a maximum of 14 days.
OPTION TO INSURE ‘FULL VALUE’ FOLLOWING AN ACCIDENT: If your vehicle is insured duty free, in the event of an accident, you will have the option of paying the additional premium from the inception of the policy year and benefit from a full value settlement.
FREE UNINSURED MOTORIST COVERAGE: GTM will pay the cost of repairs or replacement of your motor vehicle up to a maximum of $300,000 in the event of an accident even if the other party is at fault but has no insurance coverage.
FREE PERSONAL ACCIDENT INSURANCE COVERAGE: GTM offers compensation if you or any authorised driver is injured as a direct result of any motor vehicle accident in Guyana.
ROADSIDE ASSISTANCE: Roadside assistance is provided to all female divers in the event of a mechanical or electrical breakdown or a motor vehicle accident.
SPECIAL DISCOUNT FROM AUTOMOTIVE ART: Members of the Club will receive a 10% on all new tyres and other car care products purchased from Automotive Art.
Our Special Private Motor Comprehensive Insurance Package provides a wide range of benefits to owners of factory new vehicles. The package covers vehicles used for private purpose only.
The benefits are:
NO CLAIM DISCOUNT: Up to a maximum No Claim Discount of 65% per vehicle.
ACCIDENT FORGIVENESS: If your vehicle is involved in an accident after the first year, your No Claim Discount will not be affected even if you are at fault.
AUTHORISATION OF REPAIRS: If your vehicle is involved in an accident and can be economically repaired, GTM will issue a letter authorising repairs to the vehicle.
FREE ALTERNATIVE TRANSPORTATION: In the event of an accident, GTM will provide free alternative transportation while the vehicle is undergoing repairs up to a maximum of 14 days.
OPTION TO INSURE ‘FULL VALUE’ FOLLOWING AN ACCIDENT: If your vehicle is insured duty free, in the event of an accident, you will have the option of paying the additional premium from the inception of the policy year and benefit from a full value settlement.
FREE UNINSURED MOTORIST COVERAGE: GTM will pay the cost of repairs or replacement of your motor vehicle up to a maximum of $300,000 in the event of an accident even if the other party is at fault but has no insurance coverage.
FREE PERSONAL ACCIDENT INSURANCE COVERAGE: GTM offers compensation if you or any authorised driver is injured as a direct result of any motor vehicle accident in Guyana.
ROADSIDE ASSISTANCE: Roadside assistance is provided to all female divers in the event of a mechanical or electrical breakdown or a motor vehicle accident.
SPECIAL DISCOUNT FROM AUTOMOTIVE ART: Members of the Club will receive a 10% on all new tyres and other car care products purchased from Automotive Art.