Comparing Quotes
Comparison Shopping in St. Maarten
Enterprise Insurance is an insurance broker based in Philipsburg and Cole Bay, St. Maarten. An advisor can request quotes from insurers and set them out side by side, so the differences in cover and price are easier to see.
In short: Comparison shopping means reviewing quotes from more than one insurer, looking at price alongside coverage, limits, deductibles and terms. A broker may approach insurers such as NAGICO, ICWI, Gulf Insurance, Ennia, Caribbean Alliance Insurance and Guardian Group, depending on the type of cover and the risk.
Looking Beyond the Price
Two policies that look similar can differ in important ways: lower limits, higher deductibles, exclusions, narrower definitions or stricter conditions. A lower premium may come with differences that matter at claim time, so it can be useful to compare what a policy includes as well as what it costs. In St. Maarten, a separate deductible or sub-limit for named-storm damage is one example of a difference that can matter after a hurricane.
What Can Be Compared
- Premium: annual cost and payment options.
- Cover: what is included and what is excluded.
- Limits and sub-limits: for example for contents, valuables, liability and storm damage.
- Deductibles and excess: the amount you pay on each claim, including any separate deductible for named storms or hurricanes.
- Currency: whether the premium and the sum insured are in US dollars or another currency, as stated in the policy.
- Terms and conditions: warranties, security requirements and renewal terms.
- Insurer details: how claims are handled and what support is offered, as described in the policy documents.
How the Process Can Work
- Brief: you and an advisor discuss what you want to insure and what matters to you.
- Quotes: an advisor approaches insurers that may be able to quote the risk.
- Comparison: the quotes are set out in a side-by-side summary.
- Discussion: the advisor can explain the differences and answer your questions.
- Decision: you choose whether to proceed, and an advisor can help with the paperwork.
Insurers an Advisor May Approach
Depending on the type of cover, an advisor may approach insurers such as NAGICO, ICWI, Gulf Insurance, Ennia, Caribbean Alliance Insurance and Guardian Group. Which insurers can quote depends on the risk.
What a Broker May Help With
- Approaching more than one insurer through a single contact
- Setting out quotes side by side
- Applications and documents
- Questions about policy wording
- Support if you need to make a claim
Reviewing Over Time
Review Regularly
Prices and products can change. An ongoing policy review is one way to revisit your cover at renewal and consider whether it still fits your situation. If you are not sure what to ask for, an insurance needs assessment may be a useful starting point.
Comparing Quotes in Sint Maarten and Saint Martin
When quotes are compared in Sint Maarten, it may help to line up the same details in each one: the sum insured, the currency, the deductible for named storms and for other claims, and any conditions linked to hurricane season, which runs from 1 June to 30 November. After Hurricane Irma in September 2017 caused widespread damage on the island, many people have paid closer attention to limits and deductibles. Quotes for a home in Cupecoy, a shop in Philipsburg or a boat in Simpson Bay Lagoon may differ because insurers assess each location and use differently. The Central Bank of Curaçao and Sint Maarten supervises insurance on the Dutch side. If property or activity is spread across Saint Martin or a nearby island such as Anguilla, Saint-Barthélemy, Saba or Sint Eustatius, it can be worth asking which insurers are able to quote for each location.
Contact Us
You can send your current policy or describe what you want to insure, and an advisor can discuss how quotes might be compared. Request a call back or call +1 721 542 5078.
Frequently asked questions
What is the role of a broker when comparing insurance?
A broker can approach insurers with one set of information, set out their offers in plain language, and help with applications and claims. Which insurers can quote depends on the risk.
Which insurers may be approached?
Depending on the type of cover, an advisor may approach insurers such as NAGICO, ICWI, Gulf Insurance, Ennia, Caribbean Alliance Insurance and Guardian Group. Which insurers can quote depends on the risk.
What should I check about hurricane deductibles when comparing quotes?
Some policies apply a separate deductible or sub-limit to damage from a named storm or hurricane, and it may be calculated differently from the deductible for other claims. It may be worth asking for it to be shown in writing next to the other terms of each quote.
Are insurance quotes in St. Maarten in US dollars?
US dollars are widely used on the island, and a policy may be written in US dollars or another currency, depending on the insurer and the policy. It can help to check which currency applies to the premium, the sum insured and any claim payment.
Is the lowest-priced quote the right one?
Not necessarily. Two similar-looking policies can differ in limits, exclusions and conditions, so it may be worth comparing what is included as well as the price.
Is comparison shopping available on the French side (Saint-Martin) as well as in St. Maarten?
The Enterprise Insurance offices are in Philipsburg and Cole Bay on the Dutch side. Insurers, rules and supervision differ between Sint Maarten and Saint-Martin, so availability depends on where the person, property or business is located and on the insurer. An advisor can explain what may be possible and whether a French-side insurer or intermediary is needed.
Last reviewed by the Enterprise Insurance team, St. Maarten. This website gives general information about insurance. It is not personal advice, a recommendation or an offer of cover. Terms, limits, exclusions and availability depend on the insurer and the policy wording.
Insurers an advisor may approach
Depending on the type of cover, an advisor may request quotes from insurers such as NAGICO, ICWI, Gulf Insurance, Ennia, Caribbean Alliance Insurance and Guardian Group. Which insurers can quote depends on the risk.
Contact Enterprise Insurance
If you would like to talk through your insurance needs, you can call or visit one of the offices in Philipsburg or Cole Bay, or request a call back using the form. An advisor can discuss your situation, explain how different types of cover work and answer questions about policies you already have. What suits you depends on your own circumstances.
- PhilipsburgIllidge Road #60, Philipsburg
- Cole Bay69 Welfare Road
- Call us +1 721 542 5078+1 721 544 3050
Request a Call Back
Leave your details and a short note about what you would like to discuss, and someone from the team can contact you. Please do not include payment or other sensitive personal details in the message.