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PROTECT WELL
The Importance Of Fire & Home Insurance
16 May 2023
2 mins read
2 mins read
THINK YOUR HOME IS SAFE?
THINK AGAIN.
Here's why Fire Insurance is a no-brainer.
Imagine this:
You return home from a vacation, after escaping from the stresses of life. However, you are struck with devastation as your home has been completely destroyed by a fire. All your possessions, memories and sense of security reduced to ash.
It’s raining season, and suddenly water pours into your home. Furniture floats around you as your prized possessions are destroyed. You wonder how you will recover from this.
A landslide swallows your home completely. Amidst the chaos, you find cracked walls, the roof caved in under the weight of debris and your family members injured.
Do you have sufficient funds to cover temporary shelter and home repairs, or even medical family insurance to cover the bills for the family?
In scenarios like these, having fire and home insurance can make all the difference!
Did you know
Fire Insurance does not only cover fire incidents but also...
Lightning
Flood
Landslide
And other perils
It is important to understand the specifics of your coverage so you are not caught off guard when trying to file your insurance claim. Make sure you know what is covered and what is not before disaster strikes.
HOW DO I KNOW WHAT TO PROTECT?
It depends on the type of home you live in.
If you live in a landed property
(i.e.
bungalow, terrace, semi-detached house)
Is your home built on full brick or partial brick?
Full
brick
Made of solid brick,
cement &
concrete floors. (i.e.,
layered
with parquet, vinyl, wooden
or
other types of floor
layering)
Partial
brick
Made partially of brick,
concrete, wood, and/or
glass.
Normally, full brick properties are only insured since partial brick properties have higher risks of getting damaged
If you live in a high-rise property
(i.e. condominium, apartment,
flat)
Depending on your property type, your home may have fire insurance purchased by the Joint Management Body (JMB). However, this only covers the damage of the building, not your belongings in your home.
This is why it is always recommended for you to insure the contents of your home, including furniture and electronic appliances, so that you could repurchase them if an unfortunate event were to happen.
It is also a good idea to review your family insurance to make sure you are fully covered in the event of any medical needs arising from an emergency.
In summary...
Landed
Property
Always remember to only
insure the
rebuilding cost and
not the
market value of your house.
High-rise
Property
The building is insured by
JMB but
not your personal
belongings
within.
How
much should I insure
my
home
for?
You can use the calculator
provided by PIAM (Persatuan
Insurans Am Malaysia) by
clicking
here.
Finally, make sure your fire and
home insurance include these:
Cash to rebuild your home
after the
damage
Cash to repurchase the furniture in your home
Cash to temporarily relocate
your
families to a safer
place
Cash for medical treatment
for any
injury occurred
Now that you know all about fire insurance, head over to your Touch 'n Go eWallet app to get SafeHome! The only plan that allows you to customise your coverage and pay for only what you need.
Start protecting your home now before it's too late.
Think your home is safe? think again.
Here's why Fire Insurance is a no-brainer.
Imagine this:
You return home from a vacation, after escaping from the stresses of life. However, you are struck with devastation as your home has been completely destroyed by a fire. All your possessions, memories and sense of security reduced to ash.
It’s raining season, and suddenly water pours into your home. Furniture floats around you as your prized possessions are destroyed. You wonder how you will recover from this.
A landslide swallows your home completely. Amidst the chaos, you find cracked walls, the roof caved in under the weight of debris and your family members injured.
Do you have sufficient funds to cover temporary shelter and home repairs, or even medical family insurance to cover the bills for the family?
In scenarios like these, having fire and home insurance can make all the difference!
Did you know
Fire Insurance does not only cover fire incidents but also...
Lightning
Flood
Landslide
And other perils
It is important to understand the specifics of your coverage so you are not caught off guard when trying to file your insurance claim. Make sure you know what is covered and what is not before disaster strikes.
HOW DO I KNOW WHAT TO PROTECT?
It depends on the type of home you live in.
If you live in landed property
(i.e. bungalow, terrace,
semi-detached house)
Is your home built on full brick or partial brick?
Full brick
Made of solid
brick, cement & concrete floors. (i.e., layered with
parquet, vinyl, wooden or other types of floor layering)
Partial brick
Made
partially of brick, concrete, wood, and/or glass.
Normally, full brick properties are only insured since partial brick properties have higher risks of getting damaged
If you live in a high-rise property
(i.e. condominium,
apartment, flat)
Depending on your property type, your home may have fire insurance purchased by the Joint Management Body (JMB). However, this only covers the damage of the building, not your belongings in your home.
This is why it is always recommended for you to insure the contents of your home, including furniture and electronic appliances, so that you could repurchase them if an unfortunate event were to happen.
It is also a good idea to review your family insurance to make sure you are fully covered in the event of any medical needs arising from an emergency.
In summary...
Landed
Property
Always
remember to only insure the rebuilding
cost and not the market value of
your house.
High-rise
Property
The building
is insured by JMB but not your personal
belongings within.
How much should I insure my home for?
To
get a clearer picture, you can use the calculator provided by PIAM
(Persatuan Insurans Am Malaysia) by clicking here.
Finally, make sure your fire and home insurance include these
Cash to rebuild your home after the damage
Cash to repurchase the furniture in your home
Cash to temporarily relocate your families to a safer place
Cash for medical treatment for any injury occurred
Now that you know all about fire insurance, head over to your Touch 'n Go eWallet app to get SafeHome! The only plan that allows you to customise your coverage and pay for only what you need.
Start protecting your home now before it's too late.
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