(246) 538-2277      info@barpbb.com       Mervue House, Marine Gardens, Hastings, Christ Church, Barbados
Thursday, 22 October 2015 07:20

Golden Homes Insurance Plan

CGM Gallagher Group Plan CoverThere is no doubt that the economic situation has affected every Barbadian household. More so it has substantially decreased the spending power of BARP members, especially pensioners who already live on a limited budget.

As the membership of BARP grows, the Association continues to partner with Corporate Barbados in an effort to lower the cost of living of its 40,000 plus members.

BARP’s partnership with CGM Gallagher in launching the Golden Homes Group Homeowners Insurance Plan, affirms its position that home insurance is an absolute necessity in reducing the vulnerability of its members. This home insurance plan will offer security regarding one of their most valued assets and is underwritten by A.M. Best A Rated insurers who has been operating for several years across the Caribbean.

Under the Golden Homes Group Homeowners Insurance Plan, BARP members can insure any residential property including condominiums, town houses, villas, apartment blocks and individual homes. Construction can be of wood, concrete or a combination of both. They may also insure their contents, even if renting. Buildings and contents are covered against a range of events including flood, hurricane, earthquake and related perils.

The plan provides cover for loss of rent/alternative accommodation, accidental damage to building and contents, public liability, personal liability and employers’ liability. All these are covered at limits that offer more benefits.

BARP Members also benefit from flexible payment options, lower deductibles and more savings on their current insurance plan.

To join the programme, BARP members must be in good financial standing. For further information, contact CGM Gallagher, 434-2200/434-2282 or BARP, 228-7554.

 

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20170116 BARP Medical Plan Sign Up Ad Revised

Group Health FAQs

  • When does coverage start? +

    Coverage starts on the 1st of April, 2018.
  • What is Open Enrolment? +

    Open Enrolment is enrolment without medicals
  • When do I sign up? +

    You can sign up at any time during the Open Enrolment period from the 1st of January 2018 to 30th March 2018.
  • Where do I sign up? +

    You can sign up at the BARP office in Hastings and at CGM Gallagher’s office in Haggatt Hall
  • Do I have to provide Evidence of Insurability? +

    No, only if you sign up after the 1st of April 2018.
  • What is a Deductible? +

    Your deductible is the initial amount you must pay each year for covered health services before the Insurer will start to pay. You must be mindful of the
  • Is there an annual deductible? +

    There is an annual Medical deductible of $500.00 per member with a maximum of two per family. The Deductible for the Dental Benefit and the Vision Benefit is
  • What is Co-payment? +

    A co-payment is a fixed 20% amount you pay toward each medical service since the plan will pay 80% of eligible charges.
  • What is Co-insurance? +

    Coinsurance is a fixed 80%, rather than a flat amount, that the insurer pays toward medical service.
  • When are premium payments due? +

    Premiums are payable monthly and in advance. Payment must be made to the BARP office.
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