How is Peril Insurance premium calculated?

Your Peril Insurance premium is a percentage of the value of the property that has been insured and the premium rate is dependent on the location of the property, structure and usage.  The percentage currently ranges from .5% (.35%) for strata contingencies such as apartments, to .875% (.95%) on Household Comprehensive Coverage.

Posted in: Mortgage FAQs

Share and Enjoy


Copyright © 2010. Jamaica National Building Society. All Rights Reserved.

How is Peril Insurance premium calculated?

Your Peril Insurance premium is a percentage of the value of the property that has been insured and the premium rate is dependent on the location of the property, structure and usage.  The percentage currently ranges from .5% (.35%) for strata contingencies such as apartments, to .875% (.95%) on Household Comprehensive Coverage.

Posted in: Mortgage FAQs

Share and Enjoy