HOME POLICY: HOUSEHOLD POLICY (CONTENTS OF POLICY (Servant’s Property…
Temporary Removal Clause
(Content of Private Dwelling)
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.
General Exception 2
Arising from or in consequence of or contributed to by ionizing radiations
Arising from or in consequence of or contributed to by nuclear weapons material;
To property by its own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process;
Caused by cessation of work, or by confiscation, commandeering, requisition or destruction of or damage to the property
CONTENTS OF POLICY
Cash, currency notes, bank notes and stamps.
covered for loss or damage caused by an Insured event to clothing and Personal Effects of Your domestic servant(s), who stay with You or Your Family within the Geographical Area
Loss/ Damage to Contents
Total value of platinum, gold and silver articles, jewelry and furs shall not exceed one third of the Total Sum Insured on Contents.
furniture, pianos, organs, Household appliances, radios, television sets, video recorder sets,
five (5) percent of the Total Sum Insured on Contents, unless such article is specially declared as a separate item
-Part of the structure or ceiling, wallpapers or anything similar
-Property insured under more specific policies
Compensation for Death of the Insured
covered against fatal injury (death) occurring in the Private Dwelling House due to external or visible violence caused by thieves or by fire, if the death occur within three (3) calendar months of such injury.
Property Temporarily Removed
-Contents removed for sale or exhibition, Contents placed at furniture storage area.
-Losses due to Insured event (hurricane, cyclone, typhoon, windstorm) and so on
-Insured event when the contents are temporarily removed from Your Private Dwelling, but remaining within the Geographical Area,
-The limit of liability of this benefit is fifteen (15) percent of the Total Sum Insured on Contents.
Damaged to Mirrors
for breakage of mirrors whilst in the Private Dwelling. The limit of liability is RM500.00 per piece any one accident.
Fire, Lightning, Thunderbolt, Subterranean Fire, Explosion, Aircraft
Robbery and hold up in the premises of Your property or Theft in actual forcible and violence
For Private Dwellings, by any road vehicle or animals not belonging to you and your family control
Bursting or Overflowing of Domestic Water Tanks, Apparatus or Pipes or Flood
For Block of Flats or Apartments, by any road vehicles or animals not belonging under you, agent, the resident control.
Destruction or damage occurring while the Private Dwelling House is left unoccupied.
Loss or damage to buildings caused by subsidence or landslip, except as a result of earthquake or volcanic eruption
Loss or damage due to theft by Your domestic servants or any member of Your Family.
Any building in the course of construction, reconstruction or repair, unless all outside doors, windows and other openings are complete and protected
Covers the financial cost of repairing or replacing your household personal possessions, including furnishings from accidental loss or damage.
Relates to movable possessions such as furniture and electrical appliances
Belonging to You or any member of Your Family normally residing with You
contained in the Private Dwelling House
Household goods and Personal Effects of every description
TYPES OF PAYMENT
NEW FOR OLD
Covered for the full cost of replacing lost or damaged possessions with new possessions.
Covers only the value of your possessions and the value of most items depreciates each year.
TYPES OF INSURANCE HOME POLICIES
House Holder Policy
Consist of one section and stated in Section 2 under home policy
Combine a single document, a range of different covers; (damage to the insured's own property together with legal liability for injury to others or damage to their property).
Household policies are package policies.
House Owner Policy