- Subsidence And Land Slip
- Water Tanks Or Pipes
- Impact Cover
- Aircraft And Aerial
- Hurricane Cyclone Typhoon Windstorm
- Earthquake Volcano
- Riot Strike
How much you can claim for Great Eastern Easi-Home
Who do I contact if I have a question or emergency?
Like many investment assets, a house not only appreciates by value over times, but also provides a shelter for your valuable treasures and loved ones. A home insurance ensures you have a peace of mind in the event of theft, fire or a natural disaster; you will be able to recuperate some or all your losses.
Great Eastern Easi-Home is a householder insurance plan that covers your valuable assets from loss and damage due to specified perils.
Great Eastern can indemnify you up to 100% of total sum assured when your home contents were badly affected by perils such as fire, flood, explosion and theft among others.
Also, you and your family can claim for personal liability of up to RM250,000 under this home insurance plan.
Absolutely, over an additional premium to your standard coverage. You may need to exercise prudent when adding on benefits as it may increase your annual premium.
It is important that you assess your home location, weather pattern or other factors which are considered necessary for you to go extra miles on your coverage.
Your home insurance premium will depend on the sum insured of your household contents and additional benefits 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 underinsured or paying too much.
Yes, you may cancel your home insurance policy. However, prior to cancellation, you should notify Great Eastern Life Assurance (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.