Benefit from a 50% discount towards your first-year Home Loan Protect Insurance covering your Buildings from GasanMamo Insurance.
GasanMamo Insurance Limited will offer ‘Buildings Insurance’ for the first year at a basic rate of 0.08% of the sum insured excluding government duty and policy fee. Frank Salt Real Estate will apply a 50% discount on the basic rate for the first year only. Government Duty and Policy fee will be charged in full.
In order to benefit from this discounted rate, the policy for the Home Loan Protect Insurance needs to be purchased and issued through Frank Salt Real Estate acting as a Tied Insurance Intermediary of GasanMamo Insurance Limited.
The discount will be applied on presentation of the relevant voucher that will be delivered to the client at the signing of the promise of sale agreement.
For the voucher holders to be able to avail themselves of this offer by GasanMamo Insurance Limited, they need to be accepted as a policyholder for the Home Loan Protect insurance by GasanMamo Insurance Limited. This decision does not depend on Frank Salt Real Estate. Clients participating in the First Time Buyers Package scheme agree to indemnify and hold harmless Frank Salt Real Estate from any injury, damage, loss, delay, cost, expenses or inconvenience which may result should GasanMamo Insurance Limited not accept the client as a policyholder and the proposed risk as aforesaid.
Frank Salt (Real Estate) Ltd. (Enrolment No. C31667) is authorised under the Insurance Distribution Act to carry out Tied Insurance Intermediary activities for GasanMamo Insurance Ltd. as authorised under the Insurance Business Act. Both are regulated by the MFSA.
The voucher is not transferable.