Laferla Insurance Agency Announces New Insurance Options For Landlords
Laferla Insurance Agency has announced the offering of a new Commercial Home Insurance policy targeted towards landlords in Malta.
“This innovative product offers many improved benefits and options to local property investors.”, announced Mark Laferla Jr, Joint Managing Director of Laferla Insurance Agency.
He added that “Landlords can take advantage of Buildings, Contents and Liability cover, together with cover for Loss of Rent following an insured loss, cover for Tenants’ Alternative Accommodation following an insured loss, as well as cover for Tenant Rent Default up to three months.”
“Another key improvement is the upgrade in the basis of cover from an Insured Perils basis to Accidental Damage basis, resulting in a much wider scope of cover.”
Through a recent move which has seen Laferla Insurance Agency becoming agents for MAPFRE MSV Life p.l.c., the company is also able to offer a complete solution to landlords purchasing an investment property by means of financing, combining their Life Insurance requirements related to their bank loan with a Commercial Home Insurance policy to protect their investment.
More information is available on Laferla’s website www.laferla.com.mt.
The Product is manufactured by MMS and distributed by Laferla Insurance Agency Ltd.
Laferla Insurance Agency Ltd (C-14529) is enrolled under the Insurance Distribution Act to act as an Insurance Agent for MAPFRE Middlesea p.l.c. (MMS) and MAPFRE MSV Life p.l.c. (MMSV).
MMS (C-5553) and MMSV (C-15722) are authorised under the Insurance Business Act. All entities are regulated by the Malta Financial Services Authority.