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Insurance is a contract represented by a policy through which individuals and entities receive financial protection or compensation against losses.

Insurance policies are used to hedge against the risk of financial losses. These losses may result from either damage to the insured or their property, or from liability for damage or injury caused to a third party.

Many of the risks we are exposed to throughout our lives can be insured, as can any owned property and any legal liability you may be exposed to. These risks can be broken down into the following three categories:

• Personal risks related to the loss of income or loss of life;
• Property risks related to loss or damage of property;
• Liability risks related to obligations held to others.

We at Delta provide a wide array of insurance products, divided into the following two categories:

• Individual insurance products: Include but are not limited to medical insurance, property insurance, life insurance, and travel insurance;
• Corporate insurance products: Include but are not limited to group medical insurance, group life insurance, group travel insurance, property insurance, and liability insurance.

Policy: A formal contract issued by an insurance company to the insured, serving as legal evidence of the insurance agreement. It guarantees and specifies indemnity, details the exact terms of the agreement, and specifies associated information, including the specific risks and perils covered, the duration of coverage, the premium amount, and the deductibles.

Premium: The price of a policy. Determined by the insurance company on the basis of the risk profile of the insured or their property, the premium is paid in monthly installations.

Claim: A formal request from the insured to the insurance company for compensation for losses on the basis of the terms agreed upon in the insurance policy.

Deductible: Whenever a claim is made, the insured is required to fulfill a minimum out-of-pocket expense, otherwise known as a deductible. This expense shall be paid before the insurance company compensates the insured for their losses. Deductibles can be applied per-policy or per-claim depending on the insurance company and type of policy.

Indemnity: An agreement to compensate the insured in the event of a loss.

Policy Exclusion: The risks, perils, or properties excluded by an insurance policy.

Negligence: Failure to exercise the degree of care expected to be exercised in any given circumstance by a sensible and cautious person.

Market Value: The value of an asset based on a current market valuation or the amount for which an item is sold on the open market. 

The soaring cost of medical care is reason enough to make health insurance a priority. Make sure that you receive only the highest quality and widest array of medical services through Delta’s partnership with the global medical network provider, GlobeMed.

Delta offers a wide array of insurance policies that insure individuals and their properties against various perils. Individual insurance products include but are not limited to the following:

• Home & Contents Insurance  
• Fire & Allied Perils Insurance
• Motor Insurance
• Personal Accidents Insurance
• Travel Insurance
• Medical Insurance
• Life Insurance
• Yacht Insurance
• Personal Jewelry Insurance

*Please refer to the individual insurance products section of the website to learn more about the insurance products and privileges offered by Delta.

While businesses are subject to the same types of risks as individuals, there is more diversity in each category due to the nature of business operations. Corporate insurance products include but are not limited to the following:

• Fire and Allied Perils Insurance
• Property All Risk Insurance
• Liability Insurance
• Fidelity Guarantee Insurance
• Workmen’s Compensation Insurance
• Contractors All Risks Insurance
• Machinery Insurance
• Electronic Equipment Insurance
• Marine Insurance
• Personal Accidents Insurance
• Group Medical Insurance
• Group Life Insurance
• Cybercrime Insurance

*Please refer to the corporate insurance products section of the website to learn more about the insurance products and privileges offered by Delta.

Finding the insurance that best meets your precise individual or business needs may seem like a daunting and complicated process. Allow us at Delta to employ our expertise to help you select the insurance policy that suits you best. 

After submitting the designated proposal form, one of our representatives will contact you to help you select the right coverage. If you would prefer to visit us at one of our locations, please call us to schedule an appointment. We’ll be able to help you identity your insurance requirements and guide you through the process of buying the right insurance policy.

The amount you should insure for depends on what you are insuring:

• If you are insuring your house and its contents, insure for the actual value or market value of the house.
• If you are insuring your business, please contact one of our representatives to help you make the decision that meets the unique needs of your business.
• If you are insuring your motor vehicle on a comprehensive basis, insure for the actual cash value of the vehicle in its present condition.

After paying the quoted premium, Delta will provide confirmation of coverage following the entry of the insurance into effect.

Notify us via telephone or e-mail of the changes you would like to make.

You should report any changes that would affect your insurance coverage. This includes any changes to your place of residence, as well as your desire to extend your insurance policy’s coverage to include additional items or perils. After receiving your notice, one of our representatives will be in touch with you to advise you on the appropriate course of action.

You should inform us, in writing, of the losses incurred. One of our representatives will then follow-up and assist you through the simple procedures of making a claim.

The merits of each individual insurance claim will be studied as a separate case in order for our team to make suggestions on how to improve certain conditions or actions that may result in the minimization of losses in the future.