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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Thursday, February 19, 2009

Personal Property Insurance: Transit & Destination


In 2006 the transport carrier Cougar Ace lost stability from a believed mechanical failure on calm seas. The outcome was damage and ultimately the destruction of 4,703 new Mazdas said to be valued at $117 million.

Chances are, your personal belongings being transported to your new home will be valued somewhat less than $100 million, but that doesn’t mean you shouldn’t be financially protected with transit and destination coverage for your personal property.

Learn more about Personal Property Insurance for expatriates and get a quote on our website.

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Tuesday, November 18, 2008

A rough day at sea... good thing you bought insurance!

Transit coverage is one of the most important types of insurance to have if you are moving since most damages happen while your stuff is in transit.

Clements International's transit coverage is automatically included if you opt for Plan 1 when purchasing your personal property coverage. Our personal property plans cover everything that could happen during transit including breaking, denting, marring... and if the ship your stuff is traveling on is hijacked by pirates...

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