Houseowners and Householders Insurance

Houseowners and Householders Insurance is a regulated class of insurance business and all policies must be written in accordance with the rules and regulations of the Revised Fire Tariff as laid down by the Persatuan Insurans Am Malaysia (PIAM).

Under the Insurance Act 1996, all property in Malaysia must be insured with a licensed general insurer in Malaysia. The property can be generally classified into 3 categories, Buildings, Stock, Contents...

The houseowners policy is designed to provide cover for the BUILDINGS of Private Dwellings and Flats whilst the householders insurance provides cover for the CONTENTS within the Private Dwelling. The coverage provided is divided into the following sections :  

   
  Section I (Building) & Section II (Contents)

  This insurance provides for protection against loss or damage due to:   

• Fire, lightning, thunderbolt and subterranean fire
• Explosion
• Aircraft or other aerial devices and/or articles dropped therefrom
• Impact with any of the buildings by any road vehicle or animals not belonging to or under the control of the Insured or any member of his family
• Bursting or overflowing of domestic water tanks, apparatus or pipes (unless the building is left  unattended and excluding the first RM50.00 of each loss)
• Theft but only if accompanied by actual forcible and violent breaking into and out of the building or any attempt thereat
• Hurricane, cyclone, typhoon, windstorm (excluding the first 1 % of sum insured or RM200 whichever is the lesser
• Earthquake, volcanic eruption (excluding the first 1 % of the sum insured or RM200 whichever is the lesser)
• Flood but excluding loss or damage caused by subsidence or landslip (excluding 1% of the sum insured or RM200.00 whichever is the lesser)

   
   
  Section III (Other Contingencies) 

  This insurance can be extended to cover against:   

• Loss of rent in the event of loss or damage caused by the above perils causing the premises to be uninhabitable
• Public liability in the event of any legal liability towards third parties for any accidents caused.
• Subsidence, landslip, riot, strike and malicious damage, bush/lalang fire, damage by falling trees or branches and objects;
• Hurricane, cyclone, typhoon, windstorm to metal smoke stacks, awnings, blinds, signs and other outdoor fixtures and fittings
• including gates and fences;
• Alterations, repairs and additions;
• Extended Theft cover
• Increased limit of Liability to third parties for accidents in your house.

Duration of cover is for one year. You need to renew your insurance policy annually

To make an appointment or question, please

Email to: opulence.consultancy@gmail.com
SMS or Call:  +6012 2098986     

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