Gulf Coverage Insurance & Reinsurance Brokers

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Gulf Coverage Insurance & Reinsurance Brokers

Gulf Coverage is a SAMA licensed insurance and reinsurance brokerage firm established by a group of Saudi businessmen & managed by highly qualified team.

Gulf Coverage was established with the vision to provide quality service to our clients, in a professional & competitive manner to exceed their expectations. We visualize long term relationships with our clients based on this vision as we will only provide customized quality products via our network of Insurance suppliers. Continuously grown relationships and personal service are the basis of our

understanding of service, and the provision of customer focused insurance broking service to our unique clients to maximize their portfolio at affordable. premiums.

09/02/2016

Gulf Coverage for Insurance & Reinsurance Brokers - "We Build Trust"

26/01/2016

Commercial or Personal Auto Coverage?

In most cases, home-based business owners use their personal vehicles for work-related purposes. So, should you insure your vehicle with commercial or personal coverage?

If you're not using the car during your normal course of business, you should be fine with a personal auto policy. However, if you use it for business purposes, you likely need a commercial auto policy. As an example, if you deliver pizzas, newspapers, or other types of products in your vehicle, you need to insure it with a commercial auto policy. Your personal auto policy likely excludes these activities, which means an accident or other loss incurred during the course of business would not be covered.

If you are paid to transport people from one place to another using your personal vehicle, such as a taxi service, you also need a commercial auto policy, as this type of action is not covered by a personal auto policy. Another consideration is who's riding in the car with you. If you are an independent real estate agent and you transport clients on a regular basis, or if you operate a delivery service out of your home, you need a commercial policy - insurance that will cover your business assets if you are involved in an accident during work.

Commercial auto policies are priced the same as your regular auto policy. To set the premium in both cases, insurance companies look at the number of miles you drive, who drives the vehicle, and the insured's driving record and claims history. The liability limits you choose and your comprehensive and collision deductibles are also factored into the equation. The higher the limits, the higher the premium. Lower deductibles will cost more too.

Do not make the mistake of assuming low limits will save you money in the long run. You need to pay careful attention to liability limits in order to adequately protect both personal and business assets. If you cause an accident, involved parties can go after you as an individual, and as a business owner. In order to minimize financial risk, higher liability limits are strongly recommended.
In summary, whichever policy you choose, commercial or personal auto, you will be protected just as you are with any auto insurance policy.

13/12/2015

"Full Coverage" is not full coverage.

29/11/2015

Motor Insurance:

Motor Insurance is one of the most important insurance coverage. Accident can occur any day or any time, regardless of how careful you drive. The cost of repair can be, at times, significant not to mention the bodily injury or even death due to accident.

Motor Comprehensive Insurance provides a complete insurance protection in case of accident, not just for your vehicle, but also for the third party if the accident is judged to be due to your fault. You can choose from a variety of options that suit you, including the choice of deductible and the option of repair at the authorized agency.

Motor Third Party Insurance is one of the few forms of insurance which are compulsory globally. The possibility and severity of losses inflicted to the third party due to accidents makes it extremely important to have this insurance in place.

Gulf Coverage Insurance and Reinsurance brokers offer both Motor Comprehensive Insurance and Motor Third Party Insurance to its customers. The key features include:

Motor Comprehensive Insurance:-
-Wide network of garages in the Kingdom
-Option of repair at the authorized agencies
-Coverage of accidental loss or damage to third party vehicle
-Optional coverage against convulsion of nature
-Accidental death benefits for the drivers, passengers and third party

Third Party Liability Only Motor Insurance:-
-Coverage of accidental loss or damage to third party vehicle
-Accidental death benefits for the third parties

16/11/2015

What is travel insurance?
Travel insurance serves exactly the same purpose as any other insurance product i.e. protection from risk. Travel Insurance protects you and your belongings while you are travelling.

Why does u need travel insurance?

Risks are of all kinds and of different magnitude. Risk tolerance also differs from person to person. There are risks of all types such as medical need, risk of losing your belongings etc. Travel insurance helps you by securing you from uncertainties which one may have to face during travel. These uncertainties can cause all kind of losses.

1. If you happen to travel to a different country you should always protect yourself from losses which you may have to suffer due to medical reason and climatic conditions. People who are aged or are more prone to medical need are people who are categorized as high risk people. People who are overweight or have high blood pressure are more likely to experience difficultly during travel causing discomfort resulting in medical needs. In such conditions medical insurance is a requirement.

2. If there are chances that there is a cancellation of flight or a change in the travel plan due to unforeseen reasons then travel insurance becomes a must.

3. If there are chances that you are not able to travel due to inconvenience caused by the travel agency, airline or the hotel due to bankruptcy or any other reason, then in such cases travel insurance becomes very important to cover financial losses.

4. If you are travelling overseas where you have a connecting flight or have to board a ship then there may be chances of luggage being misplaced. Travel insurance will help to cover the cost involved in such a case.

*Leisure activities and adventure sports which are termed as risky activities such as surfing, skiing, and scuba diving.

10/11/2015

WHAT IS LIFE INSURANCE?
Life insurance is designed to pay out a lump sum in the event that you die unexpectedly. Some policies enable beneficiaries to receive monthly payments instead of a lump sum.
One of the most common kinds of life insurance is called ‘term’ insurance. This type of policy runs for a set term, perhaps 20 or 25 years and, in return for fixed monthly premiums, will pay out if a death case is occured during this period.
Another option is ‘whole of life’ cover. This sort of policy will cover you for your whole life rather than a set term and, as a result, premiums are much more expensive than they are for term insurance.
When buying life insurance, the first step is deciding how much cover you need. This is known as the ‘sum insured.’ Remember that the bigger the sum insured, the steeper your premiums will be, so you need to consider carefully how much you can afford to pay each month.

07/08/2015

What to expect from "Gulf Coverage"??

As we are your appointed broker, Gulf Coverage commits the following:

1- Marketing of your new business and renewals to ensure the right product, right service and right price are achieved to suit your needs & requirements.

2 - Insurance review : we are highly committed to our clients. Thus, visiting our customer is highly important to ensure everything is on the right track.

3- Value & money: Gulf Coverage believes in providing the right services at the lowest cost possible. We believe that the customer is a valuable asset, thus following up for after sales services is a must to us.

4- Qualified Staff: We employ qualified professionals to service our clients and their needs.

29/06/2015

Our professional and experienced team who is of different background & specialties prides itself of being specialist in Engineering (Contractor All Risks, Er****on All Risks, Machinery Breakdown, Loss of profit following MBD, Electronic Equipment & Contractor's plant and Equipment/Machinery) and Marine Hull/ P&I and Cargo businesses.
In addition to the above lines of business, we are offering our professional services to various clients in the the following insurance classes:
- Motor Insurance
- Health Insurance
- Personal Accident Insurance
- Property and Fire Insurance
- Fidelity Guarantee Insurance
- Money Insurance
- Theft/Burglary Insurance
- Aviation Insurance
- Liability Insurance
- Professional Indemnity Insurance
- Life (Individuals & Groups)
- Bloodstock Insurance
- Energy Business Insurance
- Political Violence Insurance
- Travel Insurance

26/06/2015

Gulf Coverage Jeddah offices

Address

Ground Floor/Shahd Commercial Center/Ibrahim Jaffaly Street Al Andalos District
Jeddah

Website

http://www.gulfcoverage.com/

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