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.
What can I get from AIG Premier Client Solutions?
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.
What are the key features of AIG Premier Client Solutions?
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.
Can I include other benefits to my AIG home insurance plan?
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.
How much premium do I have to pay?
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.
How much should I insure my home and valuable contents?
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.
Can I cancel my home insurance policy?
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.