Malayan Insurance offers Home Protect Plus package

Malayan Insurance, the country’s Number one non-life insurer, stressed the need for earthquake insurance coverage and urges Filipinos to take lessons from the devastating earthquake that struck Nepal.

Judel Rosario, Malayan Insurance fire underwriting head said “what happened in Nepal can happen to any country. Earthquake is a reality in our country. In 1990, we experienced an earthquake of the same magnitude and witnessed its devastating effects first hand.”

Many home or building owners do not have insurance coverage that includes a natural disaster like earthquake, making recovery difficult.

“Earthquake coverage is one of the standard exclusions in a regular fire insurance policy. Those who would like earthquake coverage would have to buy back this exclusion. It is an additional cost but the benefits are rewarding,” Rosario said.

The coverage will help in repairing or rebuilding the policy owner’s home or property and his life in general.

“We know the importance of earthquake cover that is why we created a packaged product called Home Protect Plus, which includes several catastrophic covers in one fire policy,” he said.

Home Protect Plus includes fire and lightning, earthquake fire, and earthquake shock. Its extended covers include smoke damage; explosion; sprinkler leakage; and overflowing of water tanks, apparatus, and pipes.

Aside from this coverage, the product also provides rent money of up to per month for a maximum of six months should the assured’s home be destroyed.

“As an out-of-the-shelf product, Home Protect Plus is an economical, practical, and beneficial answer should unfortunate events happen,” he said.

More details about Malayan’s Home Protect Plus can be inquired by calling 628-8628 or by visiting the nearest Malayan Insurance branch or through the website www.malayanonline. com.