Why You Need Home Insurance in Malaysia

image

Does Home Insurance Really Cover Fire and Other Disasters? 

A Real-Life Example: The Putra Heights Pipeline Fire 

Remember the massive gas pipeline explosion occurred in Putra Heights, Subang Jaya, Selangor, earlier this year? The incident injured 145 individuals, including children, and caused significant property damage. The fire damaged 190 houses and 148 cars, with flames reportedly reaching 20 stories high and creating a large crater. The Malaysian government and Petronas have pledged to repair the damaged homes, a process expected to take several months. 

This tragedy underscores the critical importance of comprehensive insurance coverage. While standard policies might cover some fire damage, they often fall short in covering extensive damages from such catastrophic events. GoInsuran’s #HOMEPROTECTOR ensures that homeowners are safeguarded against a wide range of natural disaster, providing peace of mind in the face of unforeseen events. 

While most home insurance policies include basic fire coverage, many Malaysians don’t realize that standard policies might have significant limitations: 

  • Contents might be covered only up to a certain percentage of your property value
  • Valuable items like jewellery or electronics might have sub-limits
  • Some policies exclude certain types of fire damage
  • Flood coverage is often an optional add-on, not automatically included

This is why GoInsuran’s #HOMEPROTECTOR offers an added layer of protection beyond basic home insurance. It provides comprehensive protection against multiple unforeseen disaster, without the typical limitations that leave homeowners vulnerable. 

When Nature Strikes: The Reality of Natural Disasters in Malaysia 

Picture this: You’re sound asleep at 3 AM when suddenly, heavy rain transforms your peaceful neighbourhood into a flash flood zone. Within hours, your ground floor is submerged, and your car parked outside is slowly filling with water. It’s a nightmare scenario, but unfortunately, it’s becoming increasingly common in Malaysia. 

In 2024 alone, Astro Awani reported flood losses marked at RM933.4 million, with the highest losses recorded in living quarters or homes, estimated at RM372.2 million. 17% of these flood victims took proactive measures by purchasing insurance plans against potential damage or loss, while another 25% did not make any preparations at all, creating post-disaster hurdles towards faster recovery. 

These aren’t just random statistics—they represent real Malaysian families suddenly facing massive repair bills because they didn’t have the right insurance coverage for their home. So, let’s talk about what your home needs to stay protected from Malaysia’s unpredictable natural hazards.  

What Are “Natural Disasters” and Why Should Your Home Insurance Need to Cover Them? 

You’ve probably heard the term “Natural Disaster” but what does it mean? It refers to specific natural events that standard insurance policies might not automatically cover. These include: 

GoInsuran’s #HOMEPROTECTOR: More Than Just Basic Home Insurance 

When it comes to protecting your home, #HOMEPROTECTOR offers a complete package designed specifically with Malaysian homes in mind. Here’s what makes it different: 

  • Building and contents coverage: Protection against fire, flood, lightning, and more—all in one policy!
  • No “Per Article Limit” on Contents: Unlike other policies, #HOMEPROTECTOR let you claim the full value — as long as it’s within your total coverage.
  • No Penalty for under Insurance: You won’t be penalized or receive reduced compensation when making a claim.
  • Full Cost of Repairs: #HOMEPROTECTOR cover the full cost without deductions for wear-and-tear or depreciation.

Beyond these key features, #HOMEPROTECTOR also includes unique benefits such as: 

  • Worldwide Personal Accident Coverage: RM10,000 per person for up to 5 family members residing with you
  • Emergency Cash Allowance
  • Burst Water Pipe Repair Fraudulent Credit/ATM Card Use

“My Car Caught Fire—Will My Insurance Cover It?” 

This is one of the most common questions and the answer might surprise you: It depends on your policy. 

Comprehensive motor insurance policies in Malaysia typically cover fire damage but there are important exceptions. For example, if the fire was caused by undeclared modifications to your vehicle your claim might be rejected. Additionally, personal belongings inside the car that were damaged by the fire usually aren’t covered. 

That’s why having comprehensive coverage with add-on special perils protection is crucial. With the right coverage, gives you peace of mind, knowing both your car and your journey are protected — no matter what comes your way.  

Why You Need Both Car Insurance and Home Protection? 

Think about it: your car and home are likely your two biggest investments. Yet many Malaysians have gaps in their coverage that leave them vulnerable when disaster strikes. With natural disasters becoming more frequent and intense due to climate change, having comprehensive protection for both isn’t just smart—it’s essential. 

A comprehensive approach ensures that when flood waters rise or fires spread, you’re not left wondering which assets are protected and which aren’t. Instead, you can focus on keeping your family safe, knowing that the financial side is taken care of. 

Get Complete Peace of Mind Today! 

Ready to ensure both your home and vehicle are fully protected against special perils? Don’t wait until disaster strikes to discover gaps in your coverage. Visit GoInsuran’s #HOMEPROTECTOR page today to get a free quote and secure comprehensive protection for everything that matters most. 

Plus, don’t forget to use promo code GOINSURAN to enjoy up to RM100* OFF your car insurance at checkout page. Renew now!