Elmo Insurance launches health, car products

Elmo Insurance has launched Health 123, a hospital daily allowance benefit and Gap Insurance, a guaranteed asset protection policy.

Health 123 provides daily hospital benefit according to the number of in-patient stays in any hospital, whether the stays are related to accidental bodily injury or illness. Applicable in any hospital, whether public or private, the benefit is only valid within Malta.

Benefits are payable once the patient exceeds a continuous stay of 24 hours in hospital. Benefits are doubled in the case of treatment in intensive therapy units, and tripled when the patient is admitted to hospital after an an accident. Available to any person aged three months to 60, the benefit is paid up to a total of 90 days in any one period of insurance. A policy can be renewed up to the maximum age of 69.

Gap Insurance aims to ease the financial difficulties faced by car owners whose vehicles are declared a total loss after suffering accidental damage, fire or theft. Gap insurance will top up the insurers’ settlement by a maximum of 25 per cent, putting car owners in a better position to purchase a replacement car.

Gap Insurance can be purchased regardless of whether the car insurance is provided by Elmo. For Elmo private comprehensive car insurance customers, there is free 10 per cent Gap cover, with the option of increasing the Gap cover to 25 per cent subject to an additional premium. For information call 2343 0000 or visit www.elmoinsurance.com