- Water Tanks Or Pipes
- Impact Cover
- Aircraft And Aerial
- Hurricane Cyclone Typhoon Windstorm
- Earthquake Volcano
How much you can claim for Allianz Smart Home Cover
Who do I contact if I have a question or emergency?
Regardless who you are: homeowner, landlord or tenants, a home is more than just a costly investment. Safeguarding your home is a top priority; however, with cost of living ever rising, it is important to be smart in choosing the right home insurance plan.
Smart Home Cover by Allianz GeneraI Insurance Company (Malaysia) Berhad is a new kind of home insurance plan where you can tailor make your own home insurance coverage.
Divided into 5 components, Smart Home Cover allows the flexibility for you to choose which coverages that can go along with your basic benefit, depending on your needs and budget.
First, you select one basis of coverage (Houseowner and/or Householder) to begin with Smart Home Cover. Each Section provides unique cover:
Section 1: Houseowner – covers loss and damage only to your building against named perils
Section 2: Householder – covers loss and damage only to your home contents against named perils
Then, you can extend the coverage, over additional premiums, to include optional benefits such as:
Section 3: Mortgage Loan Instalment Plan
Section 4: HomeFix
Section 5: Landlord Insurance
Always remember to avoid adding on unnecessary risks as it will increase your premium, which is potentially variable in pricing every year.
Smart Home Cover allows you to design your own home insurance coverage that suits your budget and needs. Specifically, you can choose to insure your property based on Agreed Value (via Allianz built-in sum insured calculator) or Market Value (your own estimation).
That’s not all, Smart Home Cover offers an extensive range of coverage to meet the needs of different customers (houseowner, landlord or tenant). To top it off, you can also receive a discount of up to 30% on Houseowner premium, subject to terms and conditions.
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 of 15% 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.
Always check with your insurance agent regarding this matter to avoid being underinsured or paying too much.
Yes, you may cancel your Smart Home Cover insurance policy. However, prior to cancellation, you should notify Allianz General Insurance Company (Malaysia) Berhad 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.