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C/bean Insurers drives good deals in tough economy

Caribbean Insurers Limited seized the initiative today, November 16, 2013 to partner with FirstBank and a number of car dealers to get themselves in one location to facilitate easy car sales and insurance. Photo: VINO
ROAD TOWN, Tortola, VI - The economy may not be as robust as has been touted by Government but at least some businesses are willing to adjust to ensure that they stay in business and also that persons are not exactly left walking on the road kicking bricks!

Caribbean Insurers Limited seized the initiative today, November 16, 2013 to partner with FirstBank and a number of car dealers to get themselves in one location to facilitate easy car sales and insurance.

“How it works is that people come down, pick the vehicle of their choice and if they need financing, FirstBank is there to provide financing and we at Caribbean Insurers are here to provide the insurance for the vehicle. We have a great special on today. We have sold quite a few cars already today,” Director at Caribbean Insurers (BVI) Limited (CIL), Mr Brian Jermyn told Virgin Islands News Online.

The Director noted that CIL was offering a comprehensive insurance package for six hundred dollars, which is lower than its normal rate.

“The dealers are quite excited. It is a good way for the customers to see a wide variety of vehicles. It is paying off for the dealers because we have already had a number of sales,” Mr Jermyn continued.

He said the partnership was important since it makes it very easier for the customer “instead of finding the vehicle and going to the bank to get some financing and get some insurance later on, they can get it done in one stop and that makes it so much more efficient for them.”

Among the car dealers out were Burke’s Garage, Tola Mitsubishi, VI Motors, NAPA, and International Motors.

VI Motors took the opportunity to showcase the popular Daihatsu Terios 2014, which is regarded as fuel efficient and popular among most customers. There was also the high-end Honda Pilot ready to be snapped up.

Ms Pemberton, the Sales Manager of Burke’s Garage, the dealer for Nissan, Subaru, and Landrover, informed Virgin Islands News Online that most of the persons who approached them were interested in the small SUVs, specifically the Nissan Xtrail. She was pleased to report that the company had already done quite a few Bills of Sales for that particular vehicle.

Athena Stanley of NAPA said the dealership showcased the Tuscon, which is a best seller among the ladies, along with the Toyata Hiace bus and the Hyundai Veracruz, which was being sold at a special price.

International Motors boasted the Kia, Suzuki and the 2014 Mazda as their most popular vehicles.

Sales representatives were kept very busy as persons had many questions about the various offers and many committed themselves to owning their vehicles, even at a time when most are complaining about the state of the economy.

8 Responses to “C/bean Insurers drives good deals in tough economy”

  • only saying (16/11/2013, 19:22) Like (5) Dislike (1) Reply
    This is good corporate responsibility now let’s get these banks to lower the rates on car loans
  • ... (16/11/2013, 20:57) Like (1) Dislike (0) Reply
    With the none robust economy thanks for this
  • moneyfacts (17/11/2013, 00:45) Like (2) Dislike (0) Reply
    Job insecurity, mortgage arrears, time for some luxury, time to buy a $20000 ride.Why worry about food bills, electricity and water, health insurance, in this robust economy. Be careful what you wish for.
  • cnn (17/11/2013, 02:28) Like (1) Dislike (0) Reply
    Keep the good works up Caribbean insurances
  • NO PAY DAY (17/11/2013, 09:28) Like (0) Dislike (0) Reply
    There is one insurance company who does not like to pay out but me aint calling NO TIME
  • bamsee (17/11/2013, 11:06) Like (0) Dislike (0) Reply
    I aint see one sensible looking yet.


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