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Common misconception around home insurance

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  1. Home insurance is not important. It is just another hidden cost in the expense of owning a home.

  2. Home insurance is only for apartments, condominiums, or rented buildings.

  3. I don’t need to review the value of my home insurance.


  1. Burglaries, accidents or damage to one’s home can happen to anyone at any unpredicted time. Getting an insurance policy for your home and its contents could protect your financial interest should anything goes wrong.

  2. For flats, apartments, and condominiums, it is compulsory for the management corporation (MC) of the building to ensure that the whole building is insured against fire. However, the contents of your unit will not be covered, so if you want to protect your own household contents, you can consider household insurance coverage, such as the content-focused insurance policy.

  3. Persatuan Insurans Am Malaysia (PIAM) recommends house owner to conduct a yearly review the value of their property and belongings before renewing the policy to avoid under- or over-insurance.


Source: Ringgit Plus - 5 Home Insurance Myths You Need To Stop Believing

Now that you’ve busted these myths about home insurance, you have a clearer idea of what to look for when shopping for a home insurance plan. If you are still unsure about choosing the right insurance coverage for your home, why not choose Home Insurance from Chubb?


This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.

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