Com­plete Cov­er­age with Smart Home Cover

Insurance - - CONTENTS - Text Al­lianz Malaysia

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

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

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.

HOMEFIX

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.

LAND­LORD IN­SURANCE

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.

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