- Water Tanks Or Pipes
- Impact Cover
- Aircraft And Aerial
- Subterranean Fire
- Hurricane Cyclone Typhoon Windstorm
- Earthquake Volcano
How much you can claim for Chubb My Home Insurance
Who do I contact if I have a question or emergency?
Unsure of what is the right insurance plan for your home and contents? Chubb can help you tailor your own policy via MY Home Insurance plan.
Chubb MY Home Insurance provides a comprehensive solution to your home protection that is divided into 4 sections:
Chubb MY Home Insurance plan offers basic coverage under Section A: Houseowner and/or Householder against all perils named in the insurance policy wording.
Situations that can lead to loss and damages to your building and content such as fire, explosion, flood, impact and theft among others can be indemnified under Houseowner and/or Householder.
You can choose whether to insure just the building or home contents per se or combine both policies to get maximum coverage.
That’s not all, you can also claim for Public Liability for up to RM250,000, Accidental Death for up to RM100,000 and Loss of Rent of up to 10% of the total sum insured.
You can always extend your coverage to include, Subsidence & Land Slip, Riot, Strike, Bush Fire, Falling Trees and Branches with additional premiums.
If you want to limit spending on external insurance policies, be it a personal accident or third party liability, you can extend your benefits to include Section B and Section C.
Or, if you like to collect valuable items like arts, jewellery, vintage home-ware etc, you can insure them under Section D.
Your home insurance premium will depend on the sum insured, additional extensions required and the Sections selected, 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, where applicable. 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 under-insured or paying too much.
Yes, you may cancel your home insurance policy. However, prior to cancellation, you should notify Chubb Insurance 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.