When a disaster strikes, traditional insurance can take weeks—or even months—to process claims. But with Parametric Insurance, your business gets paid quickly, based on pre-agreed triggers like rainfall levels, wind speed, or seismic activity.
At Trinity, we offer Parametric Insurance which is an insurance solution to recover the cost of possible damage to properties, loss of income/profit, or loss of business opportunities caused by natural calamities. The insurance coverage is defined by pre-agreed parameters of weather conditions - e.g., a specific typhoon signal, or a particular magnitude reading on the Richter scale, within a defined proximity to your business operations.
Payment of insurance proceeds will be triggered by publicly declared weather parameters. There will be no claims handling costs, no huge deductible costs, no frustrating loss adjustment.
What is the information needed for Parametric Insurance?
• Assured's Name
• Location of Property
• Type of Property - residential, industrial, or commercial
• Properties to be Insured
o Building
o Contents
o Machineries and equipment
o Stocks
o Valuable items/works of art
• Valuation of Property
o Replacement Value - amount if a similar property will be built NOW
o Sound Value - replacement value less the accrued depreciation
o Fair Market Value - value of a similar property in the market
• Mortgage, if applicable
• Loss history
• Broker of Record (BOR) - form will be provided by Trinity
• KYC form – form will be provided by Trinity
Why choose Trinity?
• KNOWLEDGE & EXPERTISE. Trinity has more than 38 years of experience in the Insurance Industry.
• SECURITY & PEACE OF MIND. Trinity has an extensive network of reputable and trustworthy insurance providers both local and abroad.
• EXCELLENT CUSTOMER SERVICE. We offer Customized and Cost-effective programs coupled with Professional and Personalized touch.
• GLOBAL REACH. We are a part of various international networks which operate in more than 100 countries, providing you with local expertise and world-class services.
Don’t wait until it’s too late – secure your business today and give yourself PEACE OF MIND! Let’s discuss how we can protect your company from the unexpected. INQUIRE NOW!
At Trinity, we are always eager to serve you!