Worries kept at bay with new landlord insurance
GasanMamo Insurance just introduced a new insurance policy specifically designed for property owners who rent their property. The Landlord Insurance is divided into four main sections, each of which is pivotal in providing overall comprehensive cover, including buildings cover, landlord’s contents insurance, rent guarantee (providing cover for loss of rent and the risk of rent default ) together with cover for legal liabilities.
“As part of our continuous commitment in providing improved and additional products to our customers, the Landlord Insurance, has been specifically developed to focus entirely on the clients’ risks and insurance needs with this kind of property in mind,” said Julian J Mamo, Director at GasanMamo. “In light of the growing home rental market, GasanMamo has come up with this policy, offering persons in the buy-to-let market insurance cover which caters for their requirements and their specific responsibilities as landlords.”
Increased and innovative cover applies in all sections including Buildings and Landlord’s contents. One of the most significant parts of the policy is the Rent Guarantee, where owners are given peace of mind with protection over their rental income in the event of the building being made uninhabitable following an insured event together with cover in the event of the non-payment of the rent due to specific insured circumstances. When a property is rented to third parties there are risks and responsibilities attached. The scope of this new and innovative policy is to provide protection against these risks, providing added peace of mind to the landlord..
For more information visit GasanMamo’s Head Office in Gzira or one of our branches or agents across Malta and Gozo or call 21 345 123 or www.gasanmamo.com.