Home contents insurance is really useful for students, homeowners and renters to reduce their losses in case of any damage.
The list below shows what home contents coverage is all about and the benefits for its coverage.
One must remember that the up to sum insured is a subject to the sub-limits of the maximum benefits that will be listed below.
These are damages caused by fire, natural disasters, gas explosions, theft, water damages and accidental damages where the maximum coverage can be divided into several parts: i.
Furniture or home appliances - these can be categorized as sofa or hi-fi sets.
Depending on the items you have listed for insurance and the up to sum insured, the maximum amount insured for each piece of item listed would be RM 10,000.
ii.
Properties that are valuable - these can be jewellery or watches A maximum insured amount of RM 2,000 per item with a limit of RM 20,000 maximum in total per event which also depends on your up to sum insured iii.
The decoration of the interior - in built closet or newly made flooring A maximum amount of RM 20,000 will be covered with the insurance per event depending on your up to sum insured.
The excess for this coverage would be: i.
The first RM 200 of the claim will not be covered by the insurance unless stated otherwise in the agreement form.
ii.
As for damages caused by water, the first RM 250 of damages will not be covered.
The data given above varies from company from company.
You have to check the same from the company in which you want to buy insurance.
Next Step: Read more on Home Contents Insurance.