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HOME POLICY: HOUSEHOLD POLIC (MAIN PERILS COVER (INSURED EVENTS) (Fire,…
HOME POLICY: HOUSEHOLD POLIC
DIVISION OF HOME POLICY
Buildings only policies.
CONTENTS ONLY POLICIES
CONTENTS ONLY POLICIES.
Buildings and contents insurance together within one policy
Combined policies covering buildings and contents, plus a range of optional extensions (such as personal possessions and freezer contents).
HOUSEHOLD POLICY
Household policies are package policies
They combine, within a single document, a range of different covers; such as damage to the insured's own property together with legal liability for injury to others or damage to their property.
Consist of one section and stated in Section 2 under home policy
TYPES OF PAYMENT UNDER HOUSEHOLD POLICY
REPLACEMENT VALUE
TYPES OF PAYMENT UNDER HOUSEHOLD POLICY
Covers only the value of your possessions and the value of most items depreciates each year
NEW FOR OLD
Covered for the full cost of replacing lost or damaged possessions with new possessions
MAIN PERILS COVER (INSURED EVENTS)
Fire, Lightning, Thunderbolt, Subterranean Fire
Explosion
Aircraft and Other Aerial Devices and / or articles dropped therefrom
Impact with any of the buildings: i. For Private Dwellings, by any road vehicle or animals not belonging to or under the control of: • You; or • Your Family member. ii. For Block of Flats or Apartments, by any road vehicles or animals not belonging to or under the control of: • You; or • Your agent or servant; or • Any person resident on the Private Flats or Apartments.
Bursting or Overflowing of Domestic Water Tanks, Apparatus or Pipes
Theft, but only if accompanied by actual forcible and violent breaking into or out of a building or any such attempt
Hurricane, Cyclone, Typhoon, Windstorm
Earthquake, Volcanic Eruption
Earthquake, Volcanic Eruption
Flood
GENERAL EXCEPTIONS 1
War, invasion, act of foreign enemy, hostilities, or warlike operations (whether war be declared or not), civil war;
Mutiny, riot, military or popular uprising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege
Any act of terrorism
GENERAL EXCEPTIONS 2
Caused by cessation of work, or by confiscation, commandeering, requisition or destruction of or damage to the property by order of the government de jure or de facto or any public municipal or local authority of the country or area in which the property is situated
To property by its own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process
Arising from or in consequence of or contributed to by nuclear weapons material;
Arising from or in consequence of or contributed to by ionizing radiations
GENERAL EXCEPTIONS 3
Not cover Consequential loss or damage of any kind except Rent Insurance.
CLAUSE
Temporary Removal Clause
The property insured under this policy is insured whilst temporarily removed including whilst in transit but remaining in Malaysia or Republic of Singapore or Brunei for amount not exceeding 15% of the sum insured. (Etiqa Household Policy)
SETTLEMENT OF CLAIM
Insurable Interest
No Right of Claim from Any Other Person
Limit to Three (3) Paying Guest only
Market Value
The market value shall be determined by a valuation obtained by Us from the: i. manufacturer, or ii. authorised sole agent or agent, or iii. authorised broker,
Our Maximum Liability
6) Average 7) Excess 8) Other Insurance 9) Subrogation 10) Fraud