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HOUSEHOLDER INSURANCE (SECTION 2) (Scope of Cover (Belonging to Insured or…
HOUSEHOLDER INSURANCE (SECTION 2)
Types of payment
Replacement Value
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
Scope of Cover
Belonging to Insured or any member of Insured Family normally residing with Insured contained in the Private Dwelling House, Flat or Apartment and all domestic offices, stables, garages and out-buildings, used solely in connection to it, on the same Premises specified on the Schedule.
Relates to movable possessions such as furniture and electrical appliances
Covers the financial cost of repairing or replacing insured household personal possessions, including furnishings from accidental loss or damage.
Main perils covered
1.Fire, Lightning, Thunderbolt, Subterranean Fire
2.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
Flood
Robbery and hold up in the premises of Your property
Main Perils Do Not Covered
The Excess amount stated on the Schedule.
Destruction or damage occurring while the Private Dwelling House is left unoccupied.
If the Private Dwelling House is unoccupied for more than ninety (90) days whether consecutively or not in any one Period of insurance, the cover will be suspended unless agreed by Us by way of an Endorsement.
Loss or damage due to theft by Your domestic servants or any member of Your Family.
Loss or damage to:
any building in the course of construction, reconstruction or repair, unless all outside doors, windows and other openings are complete and protected;
metal smoke stacks, awnings, blinds, signs and other outdoor fixtures or fittings including
Loss or damage to buildings caused by subsidence or landslip, except as a result of earthquake or volcanic eruption
a) Loss or Damage to Contents
What is not covered:
Part of the structure or ceiling, wallpapers or anything similar
b) Contents Temporarily Removed
What is not covered:
a) Contents removed for sale or exhibition.
b) Contents placed at furniture storage area.
c) Losses due to hurricane, cyclone, typhoon, windstorm, earthquake, volcanic eruption, flood.
It is covered if remaining within the Geographical Area
c) Breakage to Mirrors
It is covered with the limit of liability is RM500.00 per piece any one accident.
What is Not Covered:
Hand Mirror
d) Compensation for Death
It is covered against fatal injury (death) occurring in the Private Dwelling House due to external or visible violence caused by thieves or by fire.
e) Servants Property
Covered for loss or damage caused by an Insured event to clothing and Personal Effects of domestic servant(s)
Make a claim
1) Notice and Proof of Claim
2) Building Plans
3) Liability Claims
Clause
Temporary Removal Clause
(Content of Private Dwelling)
Settlement of Claim
1) Insurable Interest
2) No Right of Claim from Any Other Person
3) Limit to Three (3) Paying Guest only
4) Market Value
5) Our Maximum Liability
6) Average
7) Excess
8) Other Insurance
9) Subrogation
10) Fraud
11) Right of Access and Control
12) Arbitration
General Exceptions
General Exception 1:
war, riot, any act of terrorism
General Exception 2:
damage to property by order local authority of the country
Arising from nuclear weapons material or ionizing radiations
General Exception 3:
Not cover Consequential loss or damage of any kind except Rent Insurance.