Any type of business, be it a sole trader, small to medium enterprise or large business requires adequate cover for all its physical assets. This would include all Buildings as well as all Contents comprising furniture, equipment, machinery, stocks and other general content.
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.
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.
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.
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.
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.
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.
When the matter is a loved one’s health, ensuring your ability to give them access to the best healthcare is one of the best ways you can invest in their future. Avoid waiting lists, cut down the time it takes you to get better, choose where and who provides the treatment, and benefit from being treated in private facilities with a private room.
This article will give an explanation of what health insurance entails. Already have a pretty good idea? Read our article on how to reduce the expense of your health insurance in ways that are free, and easy.
Basic Cover — provides cover for limited benefits with a worldwide cover. This type of cover would typically be ideal for a customer who wants to have his medical expenses partly paid by the insurer.
Hospital Cover — provides cover for comprehensive benefits with cover for Malta as well as limited cover outside Malta. This cover, on the other hand, would be ideal for a customer who wants a more comprehensive cover in Malta which gives better peace of mind.
International Cover — this type of plan provides cover for comprehensive benefits with a worldwide cover, normally excluding USA and Canada. An International Cover is normally ideal for a customer who is a frequent traveller requiring piece of mind whenever abroad.
Treatment of abnormalities, deformities, diseases or illnesses that, are only present because they have been passed down through the generations of your family, except cancer.
Most Health Insurance Policies also include access to 24/7 Emergency Services. This would give you the possibility of getting in
touch with a doctor for guidance on any health-related situations and may also include other services such as having a doctor
sent to your residence.
There are a number of options which can help reduce the cost of your health insurance. One option would be to opt for in-patient and daycare treatment and exclude out-patient benefits.
Most Insurance Companies give you the option of having different levels of excess — this will allow various discounts on your annual premium. Some Insurers also allow discounts on premiums for customers who choose specific methods of payment such as Direct Debit.
Most Insurance Companies offer tailor-made health insurance plans for groups, which would normally include different benefits,
subject to the client’s specific requirements. Groups would also benefit from substantial discounts on the total premium payable.
Want to learn more about how you can dramatically decrease the cost of Health Insurance? Check our article: 5 easy (and free) ways to save money on your Health Insurance.
Vɪɴɢ ɪɴsᴜʀᴀɴᴄᴇ ʙʀᴏᴋᴇʀs ʟᴛᴅ ɪs ᴇɴʀᴏʟʟᴇᴅ ᴜɴᴅᴇʀ ᴛʜᴇ ɪɴsᴜʀᴀɴᴄᴇ ɪɴᴛᴇʀᴍᴇᴅɪᴀʀɪᴇs ᴀᴄᴛ 2006 ᴀɴᴅ ʀᴇɢᴜʟᴀᴛᴇᴅ ʙʏ ᴛʜᴇ ᴍᴀʟᴛᴀ ғɪɴᴀɴᴄɪᴀʟ sᴇʀᴠɪᴄᴇs ᴀᴜᴛʜᴏʀɪᴛʏ (ᴍғsᴀ)
Are you planning on going abroad? We all know that getting a travel insurance is a necessary precaution. It is also a truth — universally acknowledged — that, finding the right travel insurance package — one that isn’t going to break your bank, but will provide the appropriate protection, can be tedious. This article will go over what you should know when dealing with travel insurance.
Hiring a broker is the best way to go about getting an insurance, why?
When deciding on an insurance company, opting for the first suggestion that comes your way seems easy, but this tends to lead to disappointing results when filing claims.
Here’s the kicker,
There are literally hundreds of plans out there, steeped in complex legal language that is often misunderstood by even the most educated of consumers. Due to this, it is easy to miss something, or to fail at predicting certain eventualities. Multiple aspects of an insurance cover have different levels and limits, choosing the right one shouldn’t just be based on intuition.
Cancellation and Curtailment — There are a plethora of unforeseen circumstances that can lead to you having to cancel your trip — the death of a close family member, something could happen with the firm involved in your travel plan — different policies will offer different levels of cover.
Medical and emergency travel expenses — Probably the most important part of any travel insurance package — a large number of aspects are covered under the term medical and emergency travel expenses in your policy.
Coverage includes
Some Insurers provide 24/7 Emergency Assistance whilst you are abroad. This would normally include assistance in case of medical emergencies which would also potentially include direct payments for medical treatments abroad.
Talk with your Broker about this to see if you should look for a company that offers for this service.
If there’s a couple or family walking, tag behind them. Don’t inconvenience them, but don’t let yourself be an isolated target. On this line of thought — avoid dark or non-tourist areas at night.
Don’t let the possibility of embarrassment cost you your holiday — or more. If you feel you’re being followed, go to the nearest hotel, restaurant, or family and ask for help. Likewise, please do the same when it comes to directions.
Get the right gear, an experienced guide, and check that help is within easy access. Finally, make sure it is covered by your insurance coverage.
Don’t be afraid to reach for the stars! Just keep your feet firmly on the ground.
VING Insurance Brokers Limited (“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.
Health Insurance is essentially an insurance coverage which pays you or members of your family for unforeseen medical expenses incurred from illness or injury. You would normally expect different levels of cover available, including multiple plans for local cover and other plans which would cover you internationally.
There’s nothing quite as thrilling as boating. Whether you are using the boat for fishing, watersports or simply making nice memories and relaxing with your loved ones, you always need to make sure that you adequately protected.
Your home is possibly your biggest investment – unfortunately there are so many things that can go wrong. Home Insurance is designed to protect your home against damages to the house itself and the possessions inside your home. It also provides coverage for your liability to others.
A motor insurance policy is a mandatory policy as part of prevention of public liability to protect the general public from any accident that might take place on the road. The law stipulates that every owner of a motor vehicle must have a motor insurance policy.
Travel Insurance could cover anything from lost luggage to emergency medical care. It will even reimburse you if (unfortunately) your plans get cancelled—with coverage that’s normally called trip cancellation insurance.
