The “Average Clause” means that if your property is underinsured, your insurer will only cover a portion of your claim. E.G: If the actual value of your home is $200,000. Your sum insured is $100,000 (you only insured 50%). You have damages of $40,000. Your insurer will pay the 50% of your damages, which is $20,000.

An Excess/Deductible is the portion of a claim that you, as the policyholder, are responsible for.

A 2% Catastrophe deductible means that in the event of a major loss, you are responsible for paying the 2% of your home’s insured value. E.g: If your home is insured for $200,000, your deductible would be $4,000. In the vent of a catastrophe, you would be responsible for $4,000 of that claim.

The 2% deductible applies only to specific perils, while some perils carry no deductible at all.

The Company's liability for any one accident, or a series of accidents arising from the same occurrence, is limited to $250,000.00.

Building insurance covers the structure of the property.
Contents Insurance covers personal belongings and items inside the property.

Buildings should be insured for their full rebuilding cost, while contents should be insured for the cost of replacing the items.

Yes, you can pay your insurance premium in installments. We offer flexible payment options through our premium financing partner Solis, which allows you to spread the cost of your policy over monthly payments.

It’s an additional amount you choose to pay toward a claim, on top of the required excess, when making a Motor insurance claim.

Comprehensive: Covers damage to your vehicle as well as liability to other to others.
Third-Party: Covers your legal liability for damage or injury caused to others but does not cover damage to your own vehicle.

Yes, if your policy is an open policy. However, you should always verify that the driver is authorized under the terms and conditions of your policy.

Coverage may include medical emergencies, trip cancellation, baggage loss, travel delays, and other travel related risks.

Business Interruption Insurance helps cover loss of income and certain ongoing expenses when business operations are disrupted by an insured event.

Requirements vary by product but may include profession, age, driving history, valuation, or details about the property or business being insured.

You can contact our Claims Department by phone: 758-458-8217, email: claims@mcg-insurance.com, or by visiting our office for assistance with reporting and managing your claim.