What is the Kurnia Householder Plus Insurance?
There are a few types of insurance coverage plans out there, each with different angles of protection for your property. Kurnia’s Householder Plus is a protection plan specifically for the contents of your home. Whatever assets that you deem are precious and valuable can be insured against perils, theft and whatnot according to your wishes.
How much coverage do I get?
Since this is a content insurance all personal effects, such as appliances, furniture, electronics, and etc. will be covered against the following perils;
- Fire, lightning, and explosion
- Earthquake, typhoon, windstorm, and flood
- Riot, strike, and malicious damage
- Bursting or overflowing of water Tanks, Apparatus and Pipes
- Impact from vehicles and air-crafts
- Subsidence and landslips
- Any accidental external cause not Excluded under the policy.
Is that the only kind of coverage?
Not entirely, there is an option for you to get better coverage for your valuables such as cash, jewellery, paintings, and antiques. There is a coverage sub-limit for personal effects of up to RM5000, and a sub-limit of RM1000 for cash.
What are the benefits of this policy?
There are a few perks that you get for free with this policy, among them are a personal liability cover of up to RM75,000. In the case, you are hit by a typhoon or some other peril and need alternative accommodations, then for 30-days after disaster has struck you will get a reimbursement of up to RM7,500 for your hotel expenses.
Another perk, is that with this policy up to 5 members of your immediate family will get to have complimentary personal accident coverage of RM10,000 per person. If you have a domestic helper living with your, they too will get a personal accident cover of up to RM5,000.
How much are my premiums?
Well, your monthly commitments are usually calculated based on how much you have injured your assets for. That amount will be tabulated and a 6% GST implemented to make up your premium amount.
What are the plan exclusions?
With this protection plan being for home contents, one of the exclusions is any loss or damage to the building. Following that, loss or damages to the property due to theft will not be covered if the property is left vacant for 90-days or more.
You will also not be covered against, war, terrorism, civil war and damages cause by radioactive contamination.
Can I cancel my policy?
If you decided that you no longer wanted the policy, you can opt to cancel it by providing Kurnia Insurance with a written notice, prior to cancellation. If no claims have been made throughout your policy contract before cancellation, then you will get back a percentage of your premiums paid.
Your refunded amount is based on the current policy contract at cancellation, and it will be that the longer you had the policy the smaller the refunded amount.