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SME Insurance

SME Insurance

We recommend to the policyholder, in order to receive benefits of all the guarantees of the policy, to consider some relevant aspects before and after contracting the policy:

  • You shall give us immediate written notice if at any time anything materially affecting the risk insured occurs.
  • If any loss, damage or liability which you are claiming is covered by any other insurance, we will pay only our proportionate share of that claim.
  • As soon as you become aware of an incident that may lead to a claim, and also upon the receipt by you of notice of any claim, you or your legal representatives must tell us immediately, and provide us at your own cost with all the information and help we need.
  • Every communication to us must be written or printed.
  • You must inform the police immediately about loss destruction or damage caused by theft or attempted theft.
  • You may cancel this policy at any time during its term. Any refund of premium will be made from the date we receive your command. Provided no claim or loss has been made in the period of insurance, we will return part of the premium calculated on our rates for the unexpired period of insurance.
  • If we disagree about the sum to be paid under this policy, you and we have the right to refer to arbitration. We will inform you of this option and you must then write and tell us if you want to proceed. An arbitrator will be appointed in accordance with the statutory provisions. The making of an award is a condition precedent to any right of action against us.
  • Policyholders have to permit any act reasonably required by us for the purpose of enforcing any rights and remedies, or of obtaining relief or indemnity from other parties.
  • The indemnity provided by us shall apply only to judgements or orders that are delivered by or obtained from a court within the Maltese Islands.
  • If any claim under this policy is in any respect fraudulent, or if any fraudulent means or devices are used by you, or anyone acting on your behalf, to obtain any benefit under this policy, all benefits shall be forfeited.
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