MAPFRE Middlesea recently launched a commercial home insurance policy. It is designed to meet the needs of landlords who are looking to insure their rental properties and protect themselves against potential financial losses when the unexpected happens.
This innovative product offers many improved benefits and options to landlords, MAPFRE said when shedding light on its latest offering.
The new commercial home insurance policy provides coverage for personal belongings in the event of theft, fire, or other covered events, allowing the insured to replace or repair items such as furniture, electronics, clothing, and more, without having to bear the full cost.
The policy also includes liability coverage in the event that someone is injured in the rented property and decides to sue the landlord. This coverage will also cover any damages that the tenants may cause to the rented property.
“This new Commercial Home insurance is more affordable than one would expect, especially when taking into consideration the cost of replacing and rebuilding,” MAPFRE said.
The insurance also comes with home assistance, a 24 hour-365-days-a-year emergency service in the event of a sudden and unforeseen incident at the rented property.
“Most tenants consider it an advantage for the landlord to have the property they call home insured,” MAPFRE added.
“With this insurance in place, the landlord won’t hesitate to replace or repair items that have been broken, allowing their lives to return to normal as quickly as possible.”
MAPFRE Middlesea has launched this policy in line with its business philosophy. “We care about what matters to you,” said Boris Curmi, Commercial Chief Officer at the insurance firm, adding that the company wants “to provide added value so our clients can live with peace of mind knowing that their assets are properly taken care of”.
MAPFRE Middlesea p.l.c. (C-5553) is authorised by the Malta Financial Services Authority (MFSA) to carry on both Long Term and General Business under the Insurance Business Act. MAPFRE Middlesea p.l.c. is regulated by the MFSA.
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