Investing in your property to make it into a home often takes a significant amount of time, effort and money. Helping you to feel comfortable, safe and secure in your home environment, home insurance offers a substantial level of protection to safeguard your property and its contents.
Recent research shows that homeowners in Malta and across the EU agree that home insurance is essential when considering the security of their home. In fact, 68% of study respondents say that home insurance products provide value for money, alongside a sense of reassurance about home protection.
Considering how to protect your home over the long term is important. In this article, we delve into the facts of home insurance and share a home insurance guide for homeowners in Malta.
Contents
- What is home insurance?
- Why does home insurance matter in Malta?
- Home insurance explained for Maltese homeowners.
- Choose the right home insurance with GasanMamo.
What is home insurance?
A home insurance policy offers financial protection for your home and its content in the face of an unexpected event, such as a fire, storm or burglary. Homeowners should make sure that they invest in a home insurance policy from an established and respected provider to ensure their home is properly protected.
Home insurance is a policy that is typically divided into two categories: buildings insurance and contents insurance. Many homeowners like to combine both categories into one convenient policy.
Buildings insurance
Buildings insurance covers damage to your property. Most policies will cover you for storm damage, fire, and accidents that occur within the home.
Contents insurance
Contents insurance looks after your possessions inside your home. In most cases, items must be listed individually and their value declared in advance. This will also help you decide your insurance premium to cover these items.
Why does home insurance matter in Malta?
For many, the weather in Malta is temperate and welcoming. However, this cannot always be counted on to be the case. Unforeseen weather conditions, such as stormy weather, thunderstorms or lightning can take place at any time. Homeowners should consider these possibilities when planning their home insurance policy.
Home insurance can help you in a number of ways, including:
- Recompense for the costs of repairing covered damage incidents to your property.
- The replacement of approved belongings that have been stolen from your property or that have been damaged.
- Legal liabilities concerning your property, such as personal liability or your liability as occupier of the property.
If you apply to take out a mortgage, it is general practice for mortgage companies to require that you have buildings insurance in order to have the mortgage approved. Banks expect this level of coverage to protect their investment into the property and to support you if something untoward happens to the buildings of your property.
Home insurance explained for Maltese homeowners
As a homeowner, you will know how vital it is to take out an insurance policy that protects your home with a provider that you can trust. Having access to flexibility within insurance is also a priority for many insurance policy holders, so that they can achieve coverage that suits their needs.
GasanMamo’s home insurance policy protects your house and everything inside it, including the fixtures, fittings and belongings. It covers theft and damage to your property caused by fire and bad weather, and will protect your possessions against theft, damage and loss.
This policy is also versatile, with the option for you to take advantage of automatic extensions, such as cover for the accidental breakage of fixed glass, sanitary fixtures and underground services or up to €1,000 cover for locks and keys.
Home insurance with GasanMamo covers your buildings and contents against loss or damage caused by:
- Fire, explosion and smoke
- Theft or attempted theft
- Leakage of water or oil
- Civil commotion and malicious damage
- Impact by aircraft, vehicles or animals
- Storm, flood or falling trees
- Lightning, thunderbolt or earthquake
- Breakage or collapse of television and radio aerials
By obtaining home insurance, you are also covered for your liability as the owner and occupier of your buildings, liability to your domestic employees, and personal liability.
Accompanying this home insurance plan, policy holders have access to free 24/7 emergency home support service which covers the loss of house keys, alongside an option for the repair of pipes or blocked drains that have been suddenly or unexpectedly damaged.
Choose the right home insurance with GasanMamo
Based in Malta, we have deep experience of the Maltese home insurance industry, trends and effective support for householders. GasanMamo’s home insurance policy provides you with flexibility of cover and strong protection in the event of an unexpected event or damage to your property.
We understand what’s important to you and support you in finding the most reasonable insurance policies to reduce stress and protect your possessions. We also work within your budget, so your insurance plans are cost effective and make sense.
If you’re looking for the best possible insurance policy to suit your needs, why not get in contact with our friendly team of experts? We listen and guide you to the most suitable insurance options to give you freedom and peace of mind.
GasanMamo Insurance is authorised under the Insurance Business Act and regulated by the MFSA.
