Wednesday, February 17, 2010

A Reminder from Haiti

On behalf of the Clements team, our thoughts are with those affected by the devastating earthquake in Haiti. Not only have we received and processed numerous claims for our clients in Haiti, but several members of our staff also have family there, so we truly understand the personal and financial hardships caused by this natural disaster.

These are the times when insurance can come to the rescue and we’re honored to serve our clients in Haiti. This situation reinforces the importance of selecting an international insurance provider while you’re living and working abroad.

Two points to consider:

1) Your personal property coverage allows you to assign value to your belongings in the event that they are lost or damaged. It’s critical to periodically update your scheduled and unscheduled coverage as you make significant purchases to ensure you’re fully protected and receive the full value of your items should the unexpected occur.

2) There is a distinct advantage to having an insurance provider that is located outside of your host country. In the event of a natural disaster, political violence or other catastrophic event, your policy and the people administering it are at a safe distance. For this reason, Clements was able to process and settle claims quickly as opposed to local insurance providers whose businesses were likely suspended or nonoperational.

Clements salutes the individuals and organizations working in Haiti on the relief and rebuilding efforts. To our clients in Haiti and around the world, we’re here for you. You have our word.

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Tuesday, January 13, 2009

Clements Partner in the News

Kjaer Group, who has partnered with Clements International to provide vehicle solutions in developing countries, has been nominated in the World's Top Ten of Corporations in Global Development by the members of InterAction. InterAction has more than 165 members working in every developing country.This is an amazing achievement where we are in very prominent company with corporations like Coca Cola, Google and Citibank just to mention a few.

The article is featured in the November/December 2008 edition of Monday Development issued by InterAction. You may read the full article by clicking here.

Congratulations Kjaer Group!

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Monday, October 13, 2008

U.S. Spec vs. non-U.S. Spec Cars



When you are in the process of obtaining international auto insurance, you will be asked whether or not the car has been built to U.S. specifications.



What's the difference?
Besides recording miles or kilometers the main differences are emissions and safety regulations, but for insurance purposes, the value of the vehicle is main consideration. A car purchased in a different market has been priced differently than a similar car in the U.S.

If your car is U.S. spec, Clements uses the National Automobile Dealers Association (NADA) Guide to determine the value of the vehicle. If it is non-U.S. spec, Clements takes the purchase price then calculates annual depreciation of the vehicle’s value.

Find the value of your car at nadaguides.com

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