- Subsidence And Land Slip
- Water Tanks Or Pipes
- Impact Cover
- Aircraft And Aerial
- Subterranean Fire
- Hurricane Cyclone Typhoon Windstorm
- Earthquake Volcano
- Riot Strike
- Falling Trees And Branches
How much you can claim for AIG Premier Client Solutions
Who do I contact if I have a question or emergency?
It does not matter where is your private dwelling located in, what matter is the sense of security. With AIG Premier Client Solutions, you will get best-in-class protection for your home and personal effects against natural strikes, criminal attempts and freak accidents.
AIG Premier Client Solutions provides a comprehensive and flexible protection plan for your home, divided in 4 sections: Houseowner, Home Contents (All Risk), Worldwide Personal Effects (All Risk) and Worldwide Personal Liability, with each section offers unique cover.
The best part about Premier Client Solutions is that your valuable items will be covered from accidental loss or damage in most perils and will be indemnified based on the Reinstatement Value.
Under Home Content All Risks cover, AIG goes extra miles to make sure all your valuable contents are insured regardless of the cause (except for perils under specific exclusions).
You can also claim for death compensation, cash allowances and disability costs among others, subject to special coverage limits in any one occurrence.
If you plan to sublet your house for rental income or investment purpose, you can stretch your policy to cover extended unoccupancy of more than 3 months, by paying an additional premium.
Always bear in mind to avoid adding on unnecessary risks as it will increase your premium, which is renewable annually and potentially variable in pricing.
Your home insurance premium will depend on the type of your residence (landed or flat / apartments), type of constructions, cover selected and the sum insured, including a commission between 15% to 25% paid to the insurance agent.
In addition, you will also need to pay for a Stamp Duty of RM10 and a 6% GST. The premium charged follows the standard minimum rate in accordance with the Malaysia Fire Insurance Tariff.
The rules of thumb to purchasing the right home insurance plan is knowing the appropriate amount to insure your house and personal belongings. It is worth noting that you should always cover your house based on the market value of your property at the time of loss and damage.
In other words, your total sum insured should correspond to the cost of rebuilding of your house and replacing its contents. You may also select to insure your property based on the Market Value (equivalent to the depreciated value of lost / damaged items) or Reinstatement Value basis.
Yes, you may cancel your AIG home insurance policy. However, prior to cancellation, you should notify AIG Malaysia Insurance by way of a written notice. Upon cancellation, you will receive a partial refund of the premium provided of which you have not made any claim during the insurance period.