A 4 Step guide to the right Home Insurance cover.
Buying real estate is a big step for anyone — for most, it demands years of hard work and a significant financial investment. Usually, by the time the subject of home insurance props up, you’re strapped for cash and getting insured looks like a lap of luxury that can wait.
Your home is possibly your biggest investment. This article gives a brief and nifty explanation of what coverage homeowner’s insurance provides, how to go about getting the right cover for your house, and how to save
money on your cover.

What does a basic Home Insurance premium cover?
Damage to property — including your building, fitted interiors, boundaries, and permanently installed systems.
Damage, loss, or theft of content — this generally refers to all your household goods and personal belongings. This would normally include all electronic devices and equipment, furniture, kitchen appliances, clothes and linen, valuables, and money.
Liability — Most home insurance policies include Liability cover — protect you or your family member if found legally responsible for injuring someone else or damaging someone else’s property.
What other features should I consider?
All risks coverage — If you’re frequently on the move or a fan of travel, some home insurance companies offer the possibility to cover personal belongings and valuables even if damaged or lost outside your home. This usually includes jewellery, watches, laptops and mobile phones. Cover can be offered at three levels,
– Whilst anywhere in Malta
– Within the European Union
– Anywhere world-wide
Emergency 24/7 Assistance — Some insurance companies offer 24/7 emergency assistance in case of an unforeseen incident at your home. This refers to anything that creates an immediate risk to people to people in the household or a risk of loss or damage to your property or belongings.
How do I get the right insurance cover?
You don’t have to learn the furtive intricacies of insurance law to get a cover that is tailored to what you need. Insurance brokers use their professional knowledge and experience to help you properly assess the kind of
protections you need, shop for the best value in insurance coverage, and help you in the event of a claim.
Better yet?
You don’t pay for a Broker.
Brokers are paid a commission from the insurance cover you purchase by the company. This practice allows people to protect their possessions in a way that is sustainable, avoid scams and get the absolute best cover they could have.

How can I save money on home insurance?
- Check for discounts — Many insurance companies give a discount of 10% or more to customers who
maintain other insurance contracts under with them, such as motor or health insurance. There are other
discounts — particularly for senior citizens. Ask your broker about this. - Compare benefits — Consider asking your broker to obtain a quote for other types of insurances when looking for a company that will provide you with a homeowner’s insurance. You may end up saving on two annual policy premiums with one move.
- Notify your brokers if you add a burglar alarm to your house.
- Ask your Broker to compare your cover annually. Take advantage of the insurance industry’s competitiveness by checking if any there are any better premiums available.
We hope our article has helped you understand what a homeowner’s insurance involves, what to look for when purchasing one, and how you can save money while getting the best cover possible.
Contact Ving’s Brokers by calling us on 2016 1622 or through our facebook page, Ving Insurance Brokers Ltd.
This information was brought to you by VING Insurance Brokers Limited (“VING”). VING is enrolled under the Insurance Distribution Act (Cap. 487 of the Laws of Malta) to carry on business of insurance broking and regulated by the Malta Financial Services Authority (“MFSA”). The activities of VING are solely restricted to that of a distributor. VING is not the manufacturer or underwriter on any insurance product it distributes.