Explore our comprehensive home insurance plans
Smart Home Cover
HouseOwner & HouseHolder Insurance
Allianz KampungKu
Homeguard
Difference between Home Insurance and House Insurance in Malaysia
There is no real difference between home insurance and house insurance, the difference can be better understood to be between building insurance and building contents insurance.
Owning a valuable asset like a house is an outstanding achievement, and with that comes the need for sufficient protection to prevent mishaps that might catch you off guard. Whether your house is for your own accommodation or for renting out as a landlord, you should make sure you have protection for the building structure should anything happen to damage it.
Our home is where we establish a shelter to keep us and our belongings safe and secure. As much as our homes are a safehouse, there are times when unexpected incidents might happen, such as fire, burglary, flood, or even physical damage by your tenants and many others. This could result your house and its contents to be damaged or in the latter's case, even stolen.
In the case of property for rental purposes, you might suffer a loss of rental income if the property becomes uninhabitable due to damages both intended and unintended from your tenants. Allianz’s flexible home insurance plan helps you to protect yourself in many ways.
Protecting Home Contents & Houseowner’s Belongings
From the top, Allianz’s HouseOwner & HouseHolder home insurance has 2 parts. HouseOwner can cover your residential building, including fixtures, fittings and walls. In the case of landed property, it also covers your gates and fences around the house. HouseHolder insures your household contents and personal effects belonging to you or members of your family. In essence, Allianz’s Houseowner & Householder home insurance plan protects you from named perils, to list a few:
● Fire, lightning, thunderbolt
● Domestic explosion
● Damage from aircraft, vehicles, or animals
● Bursting or overflowing of water tanks, pipes
● Theft (Homeguard)
Allianz Smart Home Cover: More than House Insurance
For a more comprehensive solution, Allianz’s Smart Home Cover allows you to choose and customise your protection based on your needs and your home, offering you a more tailored solution for peace of mind. It offers HomeFix which covers the reimbursement for various domestic home improvement-related issues such as burst pipes, replacement of doors and locks, electrical wiring, and the likes.
Under Smart Home Cover, you are also get Mortgage Loan Installment Protection in the event your property is deemed temporarily uninhabitable, accidental death, or total permanent disablement. Landlords can also subscribe to landlord insurance where malicious damage caused by tenants and runaway tenants resulting in loss of rent will be covered. Furthermore, Allianz will bear legal fees for issuing letters of demand.
Say no more to uncertainty. Check out our comprehensive home insurance plans below and customise an optimum insurance plan that covers every possible unexpected events to your home and belongings:
Allianz KampungKu: Affordable Home & Contents Insurance for Kampung Houses
Allianz Kampungku, which is specially designed for “kampung” houses, insures such houses against fire and flood risks. A specially tailored home insurance plan in view of the high risk of fire due to “kampung” houses are typically located in remote areas that are flood prone and also challenging for fire department to arrive in a timely manner. This home insurance plan is made to facilitate the nature and circumstances of this type of house and insure against possible risks from its surroundings.
Home Insurance
Say no more to uncertainty. Check out our comprehensive home insurance plans below and customise an optimum insurance plan that covers unexpected events to your home and belongings:
Smart Home Cover that has five coverage components to customise which are the building, the content, the loan installment protection, home repairs and maintenance and landlord insurance.
Houseowner & Householder for a comprehensive house insurance plan, whether you are the owner or a tenant.
Allianz Kampungku if you would like to insure your “kampung” house and its contents.
Homeguard to indemnify you against loss or damage by many unexpected events.
1. Why is home insurance important?
Home insurance is vital for protecting your home's condition and your financial security. Firstly, it provides crucial financial protection, ensuring that the costs of rebuilding or repairing your home after insured accidents are covered. Secondly, for rental properties, home insurance secures rental income against potential losses. Moreover, comprehensive home insurance goes beyond mere structure coverage, offering options like insuring home contents, as well as coverage for accidental death and permanent disablement. Plans such as Allianz's HouseOwner & HouseHolder and Smart Home Cover provide tailored protection for various risks and needs.
2. What kind of protection will home insurance give me?
Home insurance offers comprehensive protection for your property and belongings. It covers the physical structure of your home, including fixtures and fittings, as well as your personal belongings inside. Named perils such as fire, lightning, and theft are included, ensuring coverage for insured events.
3. Can I customise my home insurance coverage with Allianz Malaysia?
Yes, you can tailor your home insurance coverage with Allianz Malaysia to match your unique needs and circumstances. Allianz offers flexible plans allowing protection against various unexpected incidents like fire, burglary, and floods. The Smart Home Cover option enables customisation for home repairs, mortgage loan installment protection, and Landlord Insurance. Specific plans cater to different types of homes, such as Allianz KampungKu for "kampung" houses, addressing risks in remote and flood-prone areas.
4. How much home insurance coverage do I need?
The right amount of coverage depends on various factors, including the value of your property and personal belongings, as well as the specific risks associated with your location. Assessing aspects like asset protection needs will guide you in selecting the ideal insurance plan.
5. Can I transfer my home insurance policy if I move to a new house?
You cannot directly transfer your home insurance policy to a new house when you move. This is because your old home and new home are entirely different properties located in different areas with distinct addresses and varying risk factor.
When you move from one house to another, your old home insurance policy should be cancelled as soon as you no longer own the property. The new owners will need to get their own insurance policy. When you take ownership of your new home, it is recommended that you should have at least a basic homeowners insurance policy in place for it.
6. What should I do if I need to make a claim on my home insurance policy?
It is important to review your specific policy for detailed instructions, as the process may vary depending on your insurance provider and plan.
Here are the basic steps to make a claim on your home insurance policy:
● Contact Insurance Provider: Reach out to your insurance provider immediately to inform them of the incident and initiate the claim process.
● Document Damage: Gather evidence of the damage by taking photos or videos, and prepare a list of damaged or stolen items.
● Review Policy Coverage: Ensure that the incident is covered under your policy’s terms, such as loss or damage caused by fire, burglary, floods or other insured risks.
● Submit Claim Form: Fill out the necessary claim form provided by your insurance company, attaching all required documentation.
7. How do I get a home insurance plan from Allianz Malaysia?
To get started, you can check out our home insurance plans that suit your needs on this page. Remember to consider the specific risks associated with your property type and location. At the basic level, you may:
● Explore Our Plan Options: Allianz offers various plans such as HouseOwner & HouseHolder, Smart Home Cover, and Allianz KampungKu. Each plan caters to different needs and property types.
● Determine Your Coverage Needs: On top of the standard insurance protection, you can explore additional coverage options within each plan such as insuring your household contents, loan instalment protection, home repairs, landlord insurance and more.
To clarify any further question or apply for a home insurance plan with Allianz, you may contact an authorised Allianz Agent or drop us an enquiry on your desired home protection plan.
