- Water Tanks Or Pipes
- Impact Cover
- Aircraft And Aerial
- Hurricane Cyclone Typhoon Windstorm
- Earthquake Volcano
- Riot Strike
How much you can claim for Maybank Houseowner/Householder Takaful
Who do I contact if I have a question or emergency?
We constantly hear and read unfortunate news of house break-ins or natural disasters such as landslide and flood affecting homeowners and their households. While it may have not occurred to us yet, prevention is always better than recovery.
Maybank is giving the flexibility to homeowners and home renters to choose the right kind of coverage via Houseowner / Householder Takaful plan.
Underwritten by Etiqa Insurance Berhad, Maybank Houseowner / Householder Takaful covers you against loss and damage to your house or its contents due to natural disasters, theft and many more for up to RM5 million.
The best part of this Islamic home insurance plan is that you can combine both policies for a more comprehensive coverage.
Yes you do, but over an additional premium. For instance, you can add subsidence and landslip peril if you reside in an area prone to natural disaster; or if your house is unfortunately located near a space where public sit-in takes place, you can add riot, strike and malicious damage peril to your basic cover.
Your home insurance premium, payable annually, will depend on the total sum insured 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 Etiqa Insurance 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.