Complete Coverage with Smart Home Cover
Imagine having home insurance that takes care of everything… and we do mean everything. Well, imagine no more. Smart Home Cover, Allianz Malaysia’s newly launched modular home insurance, offers to take care of everything from your building to the contents inside and even costs to fix your home. While your home is the largest asset you are likely to own, most homeowners take up home insurance upon purchasing their home, but tend to overlook the coverage or home insurance needs as the years go by despite knowing the rise in property worth. The Insurance Services Malaysia Berhad statistical bulletin on fire insurance reported a take up of just over two million houseowner policies and less than 100,000 householder policies in Malaysia last year.
Perceived high cost and rigid home insurance products have always been the biggest factors that holds a customer back. In prioritising customers, Allianz has come up with a product that is a flexible, customisable, value-for-money and probably the best home insurance currently out in the market. With Smart Home Cover’s modular approach, customers have the flexibility to customise their home insurance with the five features available. Using houseowner or householder as the base of the product, customers can add on Mortgage Loan Instalment Protection, HomeFix and Landlord Insurance to tailor make a home insurance coverage that fits their needs to a tee. Smart Home Cover encompasses everything that a homeowner would need in a home insurance. The five components that will answer every homeowner’s woes are:
Houseowner covers the residential building (detached and non-detached) against damage including fixtures, fittings, garages, walls, gates and fences around the house. A built-in calculator is used to define the sum insured based on agreed value. Besides that, Class 1A residential buildings such as bungalows, semidetached house, a row house, terrace house, town house or villa unit at nonflood prone areas also enjoy a 30% discount on premiums.
Householder covers the household contents and personal effects which belong to you or members of your family. Customers can choose either full value basis or first loss basis. Selecting full value basis, will allow customers to protect all household contents in the building while first loss basis offers protection to the household contents based on the plan chosen by the customer. Being a modular home insurance, customers will be able to choose the exact coverage from three different plans that they feel will offer them a coverage they are comfortable with.
MORTGAGE LOAN INSTALMENT PROTECTION
Covers the monthly loan instalment in the event that the house is deemed temporarily uninhabitable due to insured events or evacuation by local authority exceeding 72 hours or the insured suffers accidental death or total permanent disablement.
This cover includes reimbursement for: locks and windows arising from arising from theft (including temporary repair) Besides that, Homefix also covers any home repair or service solicited through Allianz partners such as Recommend.my and ServisHero. The types of services range from air conditioning repair or service to plumbing, electrical wiring to painting, roofing and even pest control. What’s more, customers can easily source for the required service easily available via the websites www.recommend.my and www.servishero.com or their mobile apps. Just use the promo code “ALLIANZ” to utilise the benefit.
A relief for landlords, this protects you from unruly tenants who cause damage to the home or runs away. The legal fee for issuing a Letter of Demand for rent past due will also be covered by Allianz General. Besides that, its agents can also help you to determine the amount to insure your residential building for, on an agreed value basis. Customers who live in non-flood prone areas will also enjoy a discount on their houseowner premium. If you are looking for a home insurance that is fuss-free, relevant to your needs and is great value for money, then Smart Home Cover is it. To purchase Smart Home Cover, walk into any Allianz General branch nationwide or contact Allianz General agents. For more information, visit allianz.com.my.