Houseowner's (on building)

This is a packaged policy that covers the buildings/contents of private dwelling against fire and other perils. It also provides cover for the owner against legal liability to the Public for accidents caused by defect in the buildings.

This policy covers the loss of or damage to the building and/or contents of residential houses, flats and condominiums by: 

  1. Fire, lightning, thunderbolt, subterranean fire
  2. Explosion
  3. Aircraft and other aerial devices and / or articles dropped therefrom
  4. Impact by any road vehicles or animals not belonging to or under the control of the Insured or any member of his family
  5. Bursting or overflowing of domestic water tanks, apparatus or pipes
  6. Theft but only if accompanied by actual forcible and violent breaking into or out of a building or any attempt thereat
  7. Hurricane, cyclone, typhoon, windstorm
  8. Earthquake, volcanic eruption
  9. Flood but excluding loss or damage caused by subsidence or landslip
Section IBuildings
Section IIHousehold contents:-
  1. Loss or Damage to Contents
  2. Property Temporarily Removed
  3. Damage to Mirrors by breakage (excluding hand mirrors)
  4. Compensation for Death of the Insured provided death occurs within 3 calendar months of injury
  5. Servants' Property
Section III (A)Loss of Rent if dwelling is rendered uninhabitable
Section III (B)Liability to the public up to RM50,000

The basic premium is calculated based on a standard fire tariff rate and is affected by the type of building (detached, non-detached, flats or apartment), construction classification of the building.

The policy can be extended, by additional premium, to cover loss of or damage to property caused by: 

  1. Riot Strike and Malicious Damage
  2. Subsidence and Landslip
  3. Full Theft

The sum insured for the building is based on the cost of reconstruction of same quality and not the market value of the property.