Insurance Brokers

MAX Insurance Brokers Limited is the result of the association between Andrew Magri Demajo and J&K Properties Ltd.

Andrew Magri Demajo has over 15 years experience in the insurance industry, of which the past 8 years had him acting as an insurance broker with reputable insurance broking firms. He is a registered broker with the MFSA. 

His experience and knowledge of the insurance industry will be used to form a synergy and tap into the resources offered by the J&K Group. MAX Insurance Brokers is bound to do everything possible to satisfy the insurance requirements of its clients and to place the clients’ interests before all other considerations. MIB’s aim is to offer the best value for money – the most beneficial covers at the most competitive premiums.

Classes of insurance currently available in Malta and Gozo can be broken down into:   

Motor Insurance

Motor insurance is purchased for cars, trucks, and other road vehicles. Its primary use is to provide protection against physical damage and/or bodily injury resulting from a traffic collision, and against liability that could also arise therefrom. Most insurers offer similar basic cover but differ in pricing and additional benefits. This depends on your age, driving experience and age of vehicle. Following a fact find, we will source out the best deal suited for you.

Home Insurance

Home insurance is a type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory. Cover ranges from fire and theft, to floods following a storm, burst pipes or water containing apparatus. Most insurers offer similar basic cover but differ in pricing and additional benefits, depending on the occupancy and security of the private residence. Following a fact find we will source out the best deal depending on the above mentioned factors.

Travel Insurance

Travel insurance is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling such as money and luggage. Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a more extensive, continuous insurance can be purchased from insurance companies or travel agents. However, travel insurance purchased from travel suppliers tends to be less inclusive than insurance offered by insurance companies. Travel insurance often offers coverage for a variety of travellers. Student travel, business travel, leisure travel, adventure travel, and cruise travel are all various options that can be insured. Having access to the main insurers we will make sure you will get the most extensive possible cover depending on your destination, type and duration of travel.

Health Insurance

This is insurance against loss by illness or bodily injury. Health insurance provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies differ in what they cover, limits of coverage and the options for treatment available to the policyholder. Health insurance can be directly purchased by an individual, or it may be provided through an employer. There are a number of companies which provide private health insurance. We ensure sourcing the plan most suitable for you.

Boat Insurance

Boat insurance, which is also called marine insurance, is a form of insurance which gives the coverage in the case of harm to ships or its loss, consignments, freight, and whichever transportation or goods with the help of which consignments is shifted, obtained, or seized between the starting destination and finishing destination.

Traditional boat insurance policies provides protection for Material Loss or Damage to Liability to third parties, Medical Expenses, Personal Accident and also includes a suite of additional covers. If you are considering a new Yacht and Motor Boat Insurance Policy, or if you are searching for a better deal on your existing insurance, talk to us today to gain excellent cover and quality insurance protection.

Commercial Insurance

Commercial insurance is a contract between an insurer and a business owner whose purpose is to minimize the owners’ risks against losses, whether from weather, theft, vandalization, lawsuits, accidents or any other reason. So in essence, the potential for a greater (possibly devastating) loss is reduced to a smaller loss (the cost of the premium). Let us source out a policy according to your type of business – be it a small to medium enterprise to a large commercial risk. 

Life assurance guarantees a payment of a sum of money (known as the “sum assured’) in the event of your death (the “insured”). There are two main types of life assurances:

Term assurance

Term assurance – which covers the life of the insured and pays the sum assured in the event of death of the insured. This type of assurance has no cash value and once the term of the plan is over, the plan will expire.

Endowment assurance

Endowment assurance – provides cover as explained above with the added benefit of having part of the premium being invested. There are two types of endowment plans namely:

“With-profit” plans – having the invested portion of the premium earning a bonus declared annually by the company and

“Unit-linked” plans – having the invested portion of the premium being invested in a selection of investment funds.

Whatever your needs, we will source out the right product specifically designed to protect and secure your life assurance needs.

Professional Indemnity

Professional Indemnity (PI) provides cover for claims brought against the policyholder due to their professional negligence.

There are three types of Professional Indemnity wordings:

• Negligent act, negligent error or negligent omission

This indemnifies the policyholder against loss/circumstances incurred only as a result of their negligent act, negligent error or negligent omission in carrying out the policyholders business. This is the narrowest form of cover

• Negligent act, error or omission

This indemnifies the policyholder against loss/circumstances incurred only as a result of their negligent act, error or omission in carrying out the policyholders business.

• Civil liability

Some PI policies go further than the standard cover and provide indemnity ‘for any civil liability’. This covers such areas as breach of contract, libel and slander. (Some standard cover policies may also include libel and slander as extensions to the policy wordings if required.)

Professions purchasing Professional Indemnity Insurance

Professional Indemnity insurance is typically obtained by business professionals who provide advice to their customers. Common industries to purchase PI include:

• Accounting and Financial Services
• Architecture
• Building Professions
• Consulting
• Doctors of Medicine
• Information Technology
• Lawyers