Features & Benefits
1 Home Plus Insurance is a comprehensive houseowner/ householder policy offer to HLB’s mortgage loan’s customers who own private dwelling house/ flat/ apartment/ condominium. The policy covers Building and/or Contents (as defined in the policy) against perils such as: fire, lightning, explosion, aircraft damage, impact damage, bursting or overflowing of water tanks, hurricane or windstorm, flood, falling trees, riot, strike and malicious damage and others more.
Additional Coverage
Inconvenience Allowance
Up to RM3,000 or 0.5% of the total sum insured, whichever is lower, due to losses arising from the Insured Events (as defined in the policy) that cause loss or damage above RM20,000 to the property insured.
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Up to RM3,000 or 0.5% of the total sum insured, whichever is lower, due to losses arising from the Insured Events (as defined in the policy) that cause loss or damage above RM20,000 to the property insured.
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Monthly Mortgage Loan Repayment
50% of the monthly mortgage loan repayment up to maximum RM3,000 until the building is reinstated or reconstructed or up to 6 months whichever comes first for losses arising from Fire, Hurricane, Cyclone, Typhoon, Windstorm, Earthquake, Volcanic Eruption or Flood. (Applicable only when claim payment more than 30% of the Sum Insured.)
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50% of the monthly mortgage loan repayment up to maximum RM3,000 until the building is reinstated or reconstructed or up to 6 months whichever comes first for losses arising from Fire, Hurricane, Cyclone, Typhoon, Windstorm, Earthquake, Volcanic Eruption or Flood. (Applicable only when claim payment more than 30% of the Sum Insured.)
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Repair or Replacement of Burst Water Tanks, Apparatus or Pipes
Limited to 0.5% of the total sum insured on buildings up to maximum of RM3,000.
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Limited to 0.5% of the total sum insured on buildings up to maximum of RM3,000.
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Loss or Damage of Building’s Title Deed
Replacement cost up to RM5,000 due to losses arising from Fire or Flood.
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Replacement cost up to RM5,000 due to losses arising from Fire or Flood.
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Escalation Clause
Escalation clause of 10%, an automatic increase in building’s sum insured each day by an amount representing 1/365th of 10% of the building’s sum insured.
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Escalation clause of 10%, an automatic increase in building’s sum insured each day by an amount representing 1/365th of 10% of the building’s sum insured.
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You can extend the policy to cover loss or damage due to the following with payment of additional premium:
Landlords household goods and furnishings in blocks of flats/apartments/condominium
Plate glass damage
Damage by hurricane, cyclone, typhoon or windstorm to metal smoke stacks, awnings, blinds, signs and other outdoor fixtures and fittings including gates and fences
Alterations, repairs, and additions
Extended theft cover (without evidence of forced and violent entry or exit)
Additional rent insurance
Increased limits of owner's liability
Subsidence and landslip (including for flood)
Monthly loan repayment for involuntary unemployment
If you become involuntary unemployed, this insurance will pay your monthly mortgage loan payment up to RM2,000 for a maximum of six (6) months, subject to the maximum limit being the outstanding loan amount to the bank.
Full value basis or First loss basis on Householder section with sum insured determined by policyholder, between RM10,000 and RM50,000 (covers your household contents and personal effects)
Solar PV for Residential add-on
* Note: Please contact BancaHotline at 1-800-88-6163 for more details and pricing.
Disclaimer
The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document.
This insurance product is underwritten by MSIG Insurance (Malaysia) Bhd. MSIG Insurance (Malaysia) Bhd is a member of PIDM. The benefit(s) payable under eligible certificate/policy/product is (are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact MSIG Insurance (Malaysia) Bhd (https://www.msig.com.my) or PIDM (visit www.pidm.gov.my). The Bank accepts no responsibility or liability for the plan or the products and services offered by MSIG Insurance (Malaysia) Bhd.