What is Flexible Hurricane Protection?
Flexible Hurricane Protection (FHP) is a parametric hurricane insurance product that provides fast financial support when a hurricane or tropical storm reaches specified wind speeds within a defined geographic area. Unlike traditional insurance, no damage assessments or individual claims are required.
When verified wind speed data confirms the trigger conditions have been met, payouts are processed — typically within 15 days. The payout is yours to use as needed: repair your home, replace damaged equipment, stabilize lost income, or cover emergency expenses.
Parametric Insurance Explained
A hurricane or tropical storm system forms and moves through the region.
Wind speed data is checked against the agreed threshold by independent meteorological sources.
If the trigger is confirmed, your payout is processed within approximately 15 days — no damage assessment required.
Important: Because this is parametric insurance, payouts are based solely on storm trigger conditions — not individual damage assessments. If the storm does not meet the trigger conditions within the defined coverage zone, the policy will not activate.
Who Can Purchase FHP?
Use Your Payout Your Way
There are no restrictions on how FHP benefit funds are used. The payout is yours to allocate based on what your household or business needs most after a storm.
- Repair your home or property
- Replace damaged equipment or inventory
- Restart farming operations
- Stabilize lost income during recovery
- Cover emergency living expenses
When Can I Purchase Coverage?
March – May
Policies must be purchased during the annual sales window.
June – May
12-month protection cycle aligned to the Atlantic Hurricane Season.
Purchasing coverage during the March–May sales window ensures your policy is active before peak hurricane months (August–October).
Built for the Caribbean
Caribbean communities often need fast financial support after hurricanes to begin recovery. Traditional insurance requires damage assessments and extended claims processing. Flexible Hurricane Protection is designed to provide rapid financial assistance based on verified storm data — cutting weeks of waiting down to approximately 15 days.
FHP is designed to complement traditional insurance, not replace it. Use it alongside your existing coverage to ensure fast liquidity when you need it most.
Enquire About EnrollmentQuick Facts
Annual Sales Window
Policies must be purchased during the annual sales window: March – May. Contact CICL or your participating Credit Union to get covered before peak hurricane season.
Contact UsHave Questions?
We've answered the most common questions about FHP — how triggers work, who qualifies, and what happens if a storm doesn't activate the policy.
Read the FAQs