284-494-3354, 284-494-3854 awia@awiabvi.com

Services

Customized solutions for your insurance needs

Tortola BVI has put its trust in us for their complete insurance needs. We are proud to have happy clients, diverse coverage, smart plans and the financial strength to protect your family and valuable possessions. When you visit us, you will find our agents willing to know you personally so as to create customized insurance policies to fit your needs.

At Alphonso Warner Insurance Agency, we make sure that we keep your loved ones and personal assets insured through our wide range of coverage options. Whether it is commercial or residential protection, our vast array of services covers them all!

Commercial Insurance

Protecting what you’ve worked hard to build

A leading provider throughout the BVI Islands, Alphonso Warner Insurance Agency brings flexibility, strength and unmatched experience to commercial property insurance. If you own a commercial property in the British Virgin Islands, we can insure you for loss or damage to it. From building, plants, tools, stock to machines, we protect everything against unexpected circumstances.

We encourage you to take some vital steps to reduce the risks of damage and save yourself from financial loss resulting from an earthquake. Whether your office equipment gets damaged or stolen, an insurance claim can help you replace those items. Stay focused on your business needs, and leave the rest to us!

Residential Insurance

Protecting your little castle for life

We have a full range of options for the level of home insurance you’re after. Our agency gives most extensive cover for your residence up to a maximum specified amount. Our tailored solutions offer you the flexibility needed for maximum protection and address the uniqueness of your valuables within your house.

AIWA offers you the best home insurance policies and safeguards the structure of your residence from natural and man-made disasters. We keep our premium rates low and turnaround time of settling claims fast. We can help with timely insurance payouts so that your home is rebuilt quickly and you can move on and get back to your normal life. We are your backup plan in case of unforeseen circumstances. Get ready, get insured!

Our Products

Property

Motors
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Homeowners Contents
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Builder’s Risks
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Marine
  • Cost Determining factors
  • What’s Right For Me
  • FAQ

Personal

Life Insurance
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Major Medical
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Critical Illness
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Disability Insurance
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Annuities’ Retirement Plans
  • Cost Determining factors
  • What’s Right For Me
  • FAQ

Commercial/Group Products Property & Liability

Motor
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Commercial Building I Contents
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Employer I Public Liability
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Contractor’s All Risks
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Business Interruption
  • Cost Determining factors
  • What’s Right For Me
  • FAQ
Burglary
  • Cost Determining factors
  • What’s Right For Me
  • FAQ

Employee Benefits

Group Medical Insurance
  • Cost Determining factors
  • What’s Right For Me
  • FAQ


Keeping you safe when you’re at the wheel

Over the years, we have been responding to our customers’ needs and thus today we are able to offer to our clients some of the most comprehensive motor vehicle coverage in the region. In the BVI, it is mandatory for all motorists to obtain motor insurance to get licence plates and road license to drive legally on the roads. Likewise, coverage for vehicle damage or theft usually is necessary to finance the purchasing of a motor vehicle.How much you pay for motor insurances depends on the driver’s age, driving experience and record, the value of the vehicle, type of coverage, and the deductible options.

Cost Determining factors

Drivers’ age Young drivers (less than 25 years of age) generally attract a higher premium for the increased risk.

Driving experience and record Drivers with less than 2 years of driving experience usually pays more for motor insurance. Also, drivers who are at fault in previous accidents generally pay more than those who are accident-free for several years. No claim discount is usually awarded to safe drivers.

The value of the vehicle Generally, the more expensive the car, the more you pay. If you’re shopping for a car, consider how your choice will affect premiums. For instance, sports car usually attracts a higher premium.

Type of Coverage:-
There are 2 types of coverage available.
1. Comprehensive or All Risk Coverage – Protects against Third Party damage, collisions, theft, fire, malicious damages, floods and hurricanes. In addition to being covered by the cause of your loss, the motor policy covers the loss of use, towing of your vehicle and windscreen damage.
2. Third Party Coverage – Protects against damages you cause to other parties involved in an accident. The insurance will provide cover for any injury or death caused to third parties or damage to their property for which you are legally liable.

Deductible Options The deductible is the portion of a covered loss that is your responsibility. The deductible, when applicable, applies to each covered loss. Although deductibles vary, they are typically available in amounts such as $0 or $1000. The higher the deductibles, the lower your premium, but the amount increases if a loss occurs

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What’s Right For Me

1. Should I carry comprehensive or third party coverage?

You may be required to carry comprehensive coverage if your vehicle is leased or financed. As your car’s value decreases, you might consider dropping these coverages and pocketing the savings on premiums. Consider, though, if the savings are enough to offset the risk of footing the entire cost of repairing or replacing the vehicle.

2. How high should my liability coverage limits be?

No one can predict exactly how much you would have to pay if you were to cause an accident. Ask yourself how you would pay for any damages exceeding your coverage limits. The higher your limits are, the more likely your policy will be able to pay all of the damages.

3. How high or low should my comprehensive deductibles be?

The higher the deductibles, the lower your premium, but you must pay out more from your own pocket if a loss occurs. Ask yourself how much you are willing to pay on short notice in order to save on premium.

4. What can I do to save money on my auto insurance?

Choose a motor vehicle that costs less to insure. Increase your deductible.

FAQ

Coming Soon

Cost Determining factors

Type of Coverage:-
We provide coverage options to suit your varied needs.

The value of the house or contents Generally, the higher the value (or replacement cost) of the property, the higher the premium.

Deductible Options The deductible is the portion of a covered loss that is your responsibility. The deductible on homeowners insurance is usually a percentage of the value of the property and is typically 2%. However, the higher the deductibles, the lower your premium but you must pay out more from your own pocket if a loss occurs.

What’s Right For Me

Understanding the Value of Your Home Your home may be the biggest investment you’ll ever make. So if you’re serious about protecting that investment, make sure that your home is insured for at least 100% of its estimated replacement cost.

To determine your amount of homeowner’s insurance coverage:
1. Get an estimate of the replacement cost of your home.
2. Select the coverage amount that best fits your needs.

We recommend that you purchase an amount of coverage at least equal to the estimated replacement cost. Determining your home’s estimated replacement cost is important because this will ultimately determine the percentage of the value loss you will receive in the event you have a claim. If you cover only 50% of the replacement value of the house then only 50% of the value of the loss you will be eligible for in the event of a loss. Since, it is impossible to predict today what the exact cost will be to replace your home in the future, it’s important to have enough coverage to account for unforeseen circumstances.

Know the value of your belongings or contents Computers, electronics, jewellery, clothes, furniture or maybe something particularly valuable such as an engagement ring, art collection or musical instrument. Add up the value of all your property and you’re probably looking at thousands of dollars. Could you afford to replace it all if it were stolen or damaged in a fire? Our contents coverage covers your property at home or on the go.

Estimate the value of your personal property Once you’ve figured out what everything is worth, you’ll know how much renters insurance coverage you need.

Understand the difference between market value and replacement cost

Market value is the amount a buyer would pay for a home, including the land, regardless of how much it would cost to rebuild the home. Replacement cost for this purpose is the rebuilding cost necessary to repair or replace the entire home.

Replacement cost is NOT:
1. The market value of the home.
2. The home’s purchase price or the cost of the land.
3. The outstanding amount of any mortgage loan.

FAQ

A contractor or appraiser can help estimate your home’s replacement cost
Building contractors or professional replacement cost appraisers are a good source for obtaining an estimated replacement cost of your home. Estimates from these sources should reflect your home’s features and any architectural details or unique building materials that may affect your estimated replacement cost.

Review your homeowner’s insurance coverage annually to make sure that your coverage meets your needs

Have you recently remodelled or improved your home?
When you upgrade or improve your home, you may increase your home’s estimated replacement cost. We can help you adjust your policy to meet your coverage needs.

What influences the building costs in your area?
Market conditions in your area may impact the amount it will cost to rebuild your home if you experience a loss. Replacement cost estimates are influenced by the supply of labour, demand for labour, and the cost of construction materials. Keeping up with the current market conditions in your area and changing your coverage amount accordingly, will help you maintain coverage at least equal to 100 percent of the estimated replacement cost coverage for your home.

If you have any questions, contact us at 284-494-3854.

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