As Jamaicans prepare to roll up their sleeves and beautify their communities this Labour Day, Tammara Glaves-Hucey, managing director of GK General Insurance and Key Insurance at the GraceKennedy Financial Group (GKFG), is urging them to exercise another form of protection by making sure the property they have worked so hard to build is properly insured.

Industry data from the Insurance Association of Jamaica (IAJ) show that only 20 per cent of homes in Jamaica are insured, leaving 80 per cent at risk.

“Across Jamaica, many homeowners and commercial property owners may be underinsured without even knowing it. The problem often starts quietly. A policy was taken out years ago, the premium is paid each year, and the property owner assumes everything is still in order. But life changes. Prices change, homes are improved, businesses expand. Furniture, equipment, appliances, and stock are added. Meanwhile, the cost to repair or rebuild continues to climb,” shared Glaves-Huey.