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Types of Home Insurance in Malaysia

Updated: Jun 8, 2022

Beyond brick and mortar, our homes are where we invest our hopes, dreams and spending time with our loved ones. As you know, things don't go as planned in life, repair the house before it rains! Hence, safeguard your important valuables and assets with these types of home insurance, read the details below:


Fire burning

1.Basic Fire Policy

This policy covers only the value of the building itself, in the event of loss due to damage caused by fire, lightning, as well as explosions from household gas and boilers.


At the same time, this policy can be extended to include a range of add-on covers such as storm damage, flood damage, subsidence, and other types of events (e.g. water pipe leakage, riots, strikes, damage caused by objects dropped from aircraft) that could result in loss or damage to the building.


Property agent bring clients to view house

2.Houseowner Policy

A comprehensive policy designed for homeowners to cover loss or damage to their home, including fire insurance policies (e.g. earthquakes and volcanic eruptions). In addition, riots, strikes and criminal damage, land subsidence and landslides are also covered.


In addition to that, the policy also covers burglary and loss of rent due to damage to the home.



House interior, white living room, minimalistic

3.Householder Policy

Homeowners insurance is almost the same as homeowners insurance, but it covers the contents of the home rather than the home itself. This policy is suitable for residents as homeowners insurance only covers the home, not the owner's property.


Wrong and tick, red wrong, red tick

Do's and Don'ts When Buy a Home Insurance

Do's

  • All necessary information should be indicated in the insurance application form

  • Read carefully and understand all the terms and conditions of the policy

  • Pay on time, because they may cancel your policy if the insurance company does not collect the payment within the time


Dont's

  • Do not sign on a blank insurance application forms

  • Do not hide facts or details that requested on the application form

  • Do not buy additional insurance for your property where you may not able to afford




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