House Insurance Malaysia: A Complete Guide 2023

House Insurance Malaysia: A Complete Guide 2023

by | Dec 23, 2022 | Home Insurance

 

Top Insurance Companies in Malaysia

To most of us, home is our safe place. It’s also where we spend most of our money. The overall costs of maintaining a home can be expensive for some. With all the money invested in building your dream home, you’d do whatever it takes to protect it at all costs.

Like car insurance, a house insurance policy can protect your home against any harm and help your finances in the long run. If you have no clue what house insurance is about, in this article, you’ll learn everything you need to know about it!

What is house insurance?

House insurance is one of the property insurance which provides protection for your home as well as everything that’s inside against any form of damage or loss.

Why do we need house insurance in Malaysia?

Though owning house insurance in Malaysia isn’t compulsory, it’s still good to have it if you own a home or even just rent a home. House insurance comes in handy for natural disasters such as earthquakes, floods, tsunamis, and so on.

For instance, when your home gets damaged by a flood, rebuilding your home from scratch including all of your belongings will be much more costly than paying a monthly fee for house insurance. Besides, home insurance plans in Malaysia aren’t too expensive either.

Available types of house insurance in Malaysia

There are a few types of house insurance in Malaysia, but the ones below are the common ones offered by insurance companies:

1. Householder Protection

For this house insurance policy, you’ll be covered for anything that’s inside your home. This would be ideal for those who are just renting their home. All of your possessions will be protected rather than the property itself. Some of the possessions that are covered include furniture, electronics, and so on. 

2. Houseowner Protection

This house insurance policy protects your entire home so that you can protect the entire exterior and interior of your home. In cases where there are road accidents, floods or landslides that affect your home, it will be covered entirely. However, your possessions that are found inside your home will not be covered. This house insurance policy is suitable for those that own property. 

3. Basic Fire Protection

Those who take this policy will only be covered for damage or loss caused by lightning or fire. What’s included in the coverage would be both your building and possessions inside your home. 

4. Both Houseowner & Householder Protection

This house insurance plan covers both the householder and houseowner. That means the structure of your home along with your possessions are protected.

Which house insurance plan should I take?

It all depends on your current situation. The best plan would be the one that meets your requirements and needs. Without a doubt, taking a plan which includes both houseowner and householder would be ideal.

Tokio Marine SecureHome

If you’re looking for a house insurance plan in Malaysia that’s worth the investment, you should consider Tokio Marine SecureHome.

What is Tokio Marine SecureHome?

Tokio Marine SecureHome is a comprehensive policy that offers ample protection for the building of your home as well as your possessions. There are also additional add-ons you can include in your house insurance policy should you require more protection.

You have the option to choose between just the Houseowner or Householder policy.

What’s Included in Tokio Marine SecureHome

1. Houseowner (Building)

This includes your entire property building including the gates, fittings, walls, garage fixtures as well as any fences found around the building.

2. Householder (Content)

This includes any possessions or household goods found in your home. You can choose to insure on full value or just based on first loss basis.

3. Housecare

This includes any pipe repairs, repair or replacement of locks, doors, and windows affected by theft. It also includes any domestic or emergency assistance.

4. Inconvenience Allowance

Any damage or loss to insured perils will be paid a large amount of money upfront. 

5. Worldwide Personal All Risk

You will be covered for any damage or loss of personal effect which has to do with either reinstatement, repair, or replacement of the property that was insured.

6. Free coverage

  • Public Liability up to RM100,000
  • Rent Insurance
  • Damage to mirrors
  • Servants Property
  • Contents Temporarily removed
  • Death due to insured perils
  • Impact Damage

For a more detailed version of the policy details, you may take a look here.

How to make a claim with Tokio Marine SecureHome

Step 1: Notify Tokio Marine as soon as possible with all the necessary details.

Step 2: You should take action whenever necessary to prevent any further loss or prevent the situation from getting worse. If temporary repairs are required, you should do so straight away.

Step 3: Upon submitting your claim, you should include any supporting documents or information to Tokio Marine.

The Key Takeaway

Despite house insurance not being compulsory, we strongly advise you to take it up if you can. You will not regret doing so. If you are keen on buying house insurance in Malaysia, you can consider purchasing through Fatberry!

___________________________________________________________________________________________________

Fatberry is a comprehensive platform with a wide range of car insurance in Malaysia where you can buy your preferred insurance online instantly. You can choose from the available insurance brands and select the plans that suit your needs as well as requirements.

*The content provided is for informational purposes only. Fatberry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us. 

 

GET QUOTE

Recommended Reads

Follow Us For Latest Updates!

The Best Malaysia Tyre Brands 2022

The Best Malaysia Tyre Brands 2022

by | Dec 1, 2022 | Auxiliary Services, Life

The Best Malaysia Tyre Brands 2022

Choosing the best tyre quality is really important especially when you are in Malaysia. Malaysia is in the zone in the world where we will have to experience rainy weather during the Monsoon season that will cause a slippery road which will definitely affect your tyre when you are traveling.

Apart from that, it is definitely crucial to purchase a good quality tyre brand so you will be able to carry your vehicle through challenging roads and improve your driving experience!We’ve listed out the best Malaysia tyre brands for your future reference and in case there’s an emergency happens, we got your back 😉

1. Bridgeston

One of the well-known tyre manufacturers would be Bridgeston from Japan. Bridgeston actually was the biggest tyre manufacturer from 2009 until 2020 and that is when the title was taken by Michelin. This brand supplies a variety of passenger, truck and aircraft tyres.

We highly recommended Bridgestone tyres for your car as it is a street performance tyre that is designed to give you stable handling with an excellent response especially when you are driving in a straight line and the corners.

Bridgestone tyres are definitely top-notch that offer a mid to high price range that is worth the price!

We’ve prepared a recommended Bridgeston products and their segments that you could put into consideration when choosing good tyres:

Product Segment
Ecopia EP 300 (2017) Comfort
Turanza T005 (2018) Touring
Potenza RE004 (2020) UHP
Alenza 001 (2017) SUV

2. Michelin

Who doesn’t know Michelin? They are definitely well-known for their premium products. Founded in 1889, Michelin is the only brand that would publish test results of their latest products against their premium competitors just to show customers how strong they are!

The best thing about Michelin tyre is that it has a very good grip whether it is wet or dry. The asymmetric tread pattern on the tyre provides good traction and braking efficiency.

We definitely recommended Energy XM2+ & Primacy 4st as there are the best-in-class tyres in the particular segment:

Product Segment
Energy XM2+ (2019) Comfort
Primacy 4st (2017) Touring
Pilot Sport 4 (2016) UHP
Primacy SUV (2015) SUV

3. Goodyear

One of the most successful American companies, Goodyear is also one of the driver’s choices when it comes to the best tyre brand in Malaysia. Goodyear also owns other brands Fulda and Dunlop.

We will highly recommend customers purchase The Goodyear Eagle F1 Asymmetric as it has solid detail for innovation and safety. One of the excellent features is that the tyre has a Grip Booster Technology that includes a grip booster and an adhesive resin. In addition, it has a robust design and it is lightweight! Also, not to mention that it has Active Braking technology that is very efficient in increasing contact area when it’s time to break.

Apart from Eagle F1 Asymmetric 5, EfficientGrip SUV is also could be put into your consideration. Other products from Goodyear have their own specialty for your car:

Product Segment
Assurance TripleMax 2 (2018) Comfort
Eagle F1 Asymmetric 5 (2019) Touring
– UHP
EfficientGrip SUV (2018) SUV

4. Continental

Continental is a premium tyre brand that offers a diverse tyre model. The price is a bit high but compared with Michelin, Goodyear, and Bridgeston, Continental could be considered affordable. This brand is a German automotive manufacturer and the best thing about their tyres is they have exceptional dry grip and outstanding wet traction.

From our research, we would recommend you Continental Ultra Contact 6 Tyre for your daily traveling to work and also long traveling to your vacation! This tyre is built to give a balanced performance and the functionality of the tyre pattern is to instantly drain water from wet roads while giving you a pleasant, quiet ride for your driving experience.

There are also other products that are also excellent for you to purchase:

Product Segment
Comfort Contact 6 Comfort
Max Contact 6 Touring
– UHP
Ultra Contact 6 SUV SUV

 

5. Pirelli

Pirelli is well-known in the motorsport arena. This brand is originally from Milan and it does not have a region-specific tire line product compared to Michelin or Continental. Their tyres are popular when it comes to sound choice as they are producing low noise when you are driving.

The best thing about Pirelli’s manufacturer is that they produce a good quality tyre model for the eco-conscious driver.

Product Segment
Cinturato P1 (2010) Comfort
Cinturato P7 Blue (2012) Touring
P Zero Corsa (2014) UHP
Scorpion Verde (2010) SUV

Protect Your Vehicle

When it comes to choosing the best tyre for your vehicle, you might also want to consider getting the best insurance to protect them. The easiest way to compare insurance for your vehicle is by purchasing your insurance online. Fatberry offers the best car insurance that you could compare in Malaysia and it could be done with an effortless process online!

___________________________________________________________________________________________________

Fatberry is a comprehensive platform with a wide range of car insurance in Malaysia where you can buy your preferred car insurance online instantly. You can choose from the available insurance brands and select the plans that suit your needs as well as requirements.

*The content provided is for informational purposes only. Fatberry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us. 

 

GET QUOTE

Recommended Reads

Follow Us For Latest Updates!

Top 5 Cheapest Cars in Malaysia

Top 5 Cheapest Cars in Malaysia

by | Dec 1, 2022 | Auxiliary Services, Life

Cheapest Cars in Malaysia

We get it, everyone is now looking for a cheaper option for every purchase they’ve made especially when you are buying a car. Buying a car is a big deal, you are looking for the cheapest car you could get out there but also, but you want all the best features!

We are here to tell you that yes, it is possible to get the cheapest cars in Malaysia and the best thing about them is they are all made in Malaysia. We’ve made a Top 5 Cheapest Cars in Malaysia list for you to make your affordable choice!

Axia

For a first-time car buyer, we highly recommend you buy an environmentally friendly and one of the cheapest cars in Malaysia, Proton Axia. It has the best features that you need, and its small size is one of them! It is not as small as Perodua Kancil but it is small enough to get you through narrow roads and small parking spots. 

You also don’t have to worry about how to navigate Axia, it is easy to drive, and they are excellent at running errands. Don’t forget that they are fuel efficient. It is proven that your journey from Kuala Lumpur to Johor Bahru could survive with only RM40 fuel (RON95), how awesome is that? On top of that, it is without a doubt that the maintenance cost is not as pricey as fancy cars as everything is easy to find in a simple workshop as it is made in Malaysia!

Bezza

Why Bezza? Because it is an energy-efficient Sedan that only costs RM 34,490+! Apart from being the first Perodua Sedan, it is the cheapest Sedan you’ll find out there and it is one of the best options for the e-hailing industry. 

Bezza might seem small for a Sedan, but it has everything in a package, a high-tech car that matches global standards. It is also proven safe, Perodua is using a high tensile strength steel that has improved its safety status. 

Also, good news for those who wanted to purchase Bezza for a family car because their boot is super huge! You could fit your vacation bags and your grocery items!

Iriz

If you are looking for a car that looks smart, unique, and chic, Iriz is the car for you! It is an affordable car with a medium-sized engine that only costs RM 36,700. Proton Iriz has excellent safety measures including 6 airbags, an Isofix child seat, Electronic Stability Control, hill assist, ABS with EBD, and the best thing is they received a 5-star ASEAN NCAP rating. 

This trendy and modern look car is not only comfortable for you and your family but also has stable handling that would make you feel confident when you are driving. 

Another extra advantage for you is it has a rear camera to help you park easily and it is always convenient for those who always take forever to park as sometimes you need to keep looking back to make sure that you won’t hit anything. 

The fuel consumption is not bad at all as it only uses 1 litre for 14.5 KM driving. This Proton Iriz comes in several solid colours such as red, white, and silver!

Myvi

Yes, you read it right! King of the road, Myvi is also one of the cheapest cars in Malaysia. The Perodua Myvi Standard G will only cost you RM 40,863 and as you could see on the road, they have amazing advantages that you could take into consideration for your first or affordable car purchase. 

This car might seem small to you, but it has a big engine capacity that would make it comfortable to drive at a high speed. Myvi has exceptional fuel consumption that would take you on a long journey. One of the best features that you need to know is it has a front parking sensor that is very helpful to drivers. 

Also, let’s not forget the elephant in the room, this is the main reason why people prefer Myvi over any other affordable car! It is all about a modern and stylish look, especially its sleek and sharp-looking headlights that add an elegant character to it.

Saga

Old but gold is the most accurate expression of this car model. Get yourself a Saga for a budget-friendly car, it will only cost you RM 33,591 and above. For those who usually have a problem with handling a heavy steering wheel, Saga has recalibrated the hydraulic power steering, giving it a lighter steering feel that will ease your journey. 

The best feature for Saga must be its audio system, this is an advantage for drivers who love to listen to music while driving. Their audio system has a punchy bass and clear treble that made it impressive.

Get the right car insurance when you purchase your new car!

Have you decided which affordable car you want? While we are here, we would also want to give you an extra tip if you are planning to get your car insurance! Everything that you need is at your fingertips, just click Fatberry and you’ll find out that you could easily compare and purchase insurance online for your brand-new car.

___________________________________________________________________________________________________

Fatberry is a comprehensive platform with a wide range of car insurance in Malaysia where you can buy your preferred car insurance online instantly. You can choose from the available insurance brands and select the plans that suit your needs as well as requirements.

*The content provided is for informational purposes only. Fatberry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us. 

 

GET QUOTE

Recommended Reads

Follow Us For Latest Updates!

Third Party Insurance: Everything You Need To Know

Third Party Insurance: Everything You Need To Know

by | Dec 1, 2022 | Car Insurance

 

Third Party Insurance

Do you happen to own your own car? Well, you probably know by now that you’re required to have motor insurance. It’s actually stated in the Road Transport Act 1987 that all vehicles in Malaysia are required to have insurance. If you’re wondering what third party insurance is, read on to find out more about it!

Why do we need insurance for our cars in Malaysia?

In order to drive your car legally in Malaysia, you need to have an insurance plan for your car to be able to renew its road tax.

Third party insurance is actually the minimum level of coverage for your vehicle. Though there are three different types of car insurance in Malaysia, if you can’t afford the other two car insurance policies, at the very least you have to take up the third party insurance policy for your vehicle.

What are the types of car insurance in Malaysia?

In Malaysia, there are three main types of car insurance which are:

1. Comprehensive Insurance

This is the most expensive car insurance plan but it covers a wide range of coverage. It usually covers all of the details under the other policies.

2. Third Party, Fire & Theft Insurance

For this insurance policy, if there is any damage or loss on your car caused by your own negligence, it will not be covered.

3. Third Party Insurance

Third party insurance is known as the cheapest as it only offers basic coverage. For instance, you will only be covered if there are any injuries or death caused by any third party in an accident. This also includes damage caused by you to a third party’s car.

What is Third-Party Insurance in Malaysia?

Now, on to the main focus of this article which is: third party insurance. The first party represents the driver, which is yourself. The second party represents the insurance provider or company. The third party represents other people that are involved. So essentially, third party insurance involves other people aside from yourself and your insurance provider/company.

What is included under Third-Party Insurance in Malaysia?

To explain third party insurance better, consider this scenario: You’re casually driving across the road and then you hit the car in front of you. There’s some sort of damage to that person’s car, which is caused by your own negligence. With third party insurance, the costs for the repairs and any medical costs will be covered.

  • When you purchase third party insurance, you’ll be covered for the following:
  • Any damage caused to someone else’s car or property
  • Any injury to the body caused to a person in another car or a passenger (a third party)

What is not included under Third-party Insurance in Malaysia?

If you purchase third party insurance for your car, it does not include coverage for damages caused to your own car, property or any injury you face during the unfortunate event.

Generally, third party insurance does not include the following:

  • If your vehicle gets damaged, stolen or harmed by fire
  • Any medical costs that are related to injuries impact on yourself
  • If your vehicle got damaged during accidents caused by you
  • When your vehicle’s windscreen gets damaged
  • When your personal belongings get damaged

For those who want to get all of the above covered, you have to purchase comprehensive car insurance instead.

Should you purchase third party insurance for your car?

It all depends on the condition of your car. For vehicles that are more than 10 years old, you might not be eligible to purchase the comprehensive insurance plan so you need to go for third party insurance instead. Additionally, if your car is not new and is an old model where it’s not that expensive to repair, getting a third party insurance would be suitable for you.

Besides that, if you are not under any financial loan agreement such as a Car Loan or a Hire Purchase, you will benefit the most from a third party insurance plan.

The reasons above are because at least if there is any damage caused to your car, you can repair them easily without worrying about the cost being too steep. With that being said, you won’t have to fork up all of your savings to settle the bills.

Which insurance provider offers third party insurance?

Most insurance providers offer third party insurance plans. However, it depends as some may only offer comprehensive insurance coverage. Do check with the respective insurance provider beforehand.

Can I have add-ons when I purchase third party insurance?

It depends on the insurance provider. Nevertheless, most insurance providers don’t offer add-ons to any third party insurance policy. Instead, they will suggest you take up their comprehensive insurance policy as the add-ons are available for it.

To make sure your preferred insurance provider offers add-ons to third party insurance policies, you can always reach out to them and do your own research.

Purchase third party insurance with Fatberry!

Now that you know all about third party insurance, you’ll be able to make the right decision for your car. If you need help comparing the available third party insurance for your car, you can head over to our website and get an instant quote (for free) within minutes!

___________________________________________________________________________________________________

Fatberry is a comprehensive platform with a wide range of car insurance in Malaysia where you can buy your preferred car insurance online instantly. You can choose from the available insurance brands and select the plans that suit your needs as well as requirements.

*The content provided is for informational purposes only. Fatberry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us. 

 

GET QUOTE

Recommended Reads

Follow Us For Latest Updates!

How To Check NCD Online (No Claim Discount)

How To Check NCD Online (No Claim Discount)

by | Dec 1, 2022 | Car Insurance

Check No Claim Discount (NCD) Online

Attention to car owners! We are pretty sure you are familiar with the term No Claim Discount, also known as NCD. If you have, you might be wondering how to check NCD online too. Well, NCD is a form of motor insurance discount given to you for certain situations:

1. If you are a driver who does not make any insurance claim throughout the coverage period
2. If you are not having any insurance claim by a third party made against your insurance policy

NCD rates for private cars, motorcycles, and commercial vehicles

Before we dig deeper, let’s see the types of NCD rates for private cars, motorcycles, and commercial vehicles!

1. NCD Rates for Private Cars

First year 0%
Second year 25%
Third year 30%
Fourth year 38.33%
Fifth year 45%
Sixth year and above 55% (maximum)

2. NCD Rates for Motorcycles

First year 0%
Second year 15%
Third year 20%
Fourth year 25% (maximum)

3. NCD Rates for Commercial Vehicles

First year 0%
Second year 15%
Third year 20%
Fourth year 25% (maximum)

To summarise, the longer you can go without filing your insurance claim, the higher the NCD percentage you will get.

Check NCD Online

It is so much easier that everything could be done online! Checking NCD is important for you to keep updated on the status as you might not know what’s going to happen in the future.

There are a few simple steps that you could follow to check NCD online:

1. Visit MyCarInfo

2. Key in your vehicle plate number and NRIC

3. Click ‘Get My NCD Record’ or if your vehicle is registered under a company, you can key in the business registration number

4. After you key in the details, you’ll be able to check the information below:

i. Next NCD Percentage
ii. Next NCD Effective Date
iii. Current NCD Percentage
iv. Current NCD Effective Date

The best part is, you could check NCD online on MyCarInfo for free! This includes NCD status for motorcycles and rental vehicles.

What you should know about NCD?

Now you have the basic knowledge of NCD, it’s important for you to know factual information about it. Don’t worry, we’ve made some research and listed it out for you!

1. If you are a first-year car user, you’re not eligible for NCD.

2. You can still enjoy your NCD even if you change to a new insurer provider

Yes, you can still enjoy the NCD that you’ve accumulated previously if you decided to change to a better insurer provider.

3. Your NCD will not be affected if you are not the cause of the accident

It will not affect your NCD as the claim will be made against the other driver at fault.

4. Replacing your broken windscreen

a. If you have included windscreen insurance, you can claim your windscreen replacement from your insurer

b. If you didn’t include your windscreen insurance, you can claim the payment from your insurer and it will affect your NCD as it is considered a claim against your main car insurance policy.

5. You can transfer your NCD from your old car to new car insurance

If you wish to transfer your NCD, you need to go to the insurer’s branch and request them to transfer your NCD.

Alternatively, if you are purchasing or purchased insurance from Fatberry, similarly you can request us to transfer your NCD.

6. You cannot transfer your NCD to someone else

For example, if your family members want you to continue their NCD, it is not possible as

NCD is tied to one person and it cannot be transferred.

7. You will not lose your NCD if you cancel your insurance policy

You will lose your NCD if you don’t renew your car insurance in 1 to 2 years.

Why is NCD Important?

NCD might seem like it’s not a big deal to you but it is definitely crucial for you to have the desire to increase your NCD each year as it would definitely help to reduce accidents on the road. Isn’t it better to be a safe driver and on top of that, to get a discount for your NCD? 😊

Apart from that, you could see NCD as a reward for you for driving safely! We can’t predict the future, but it is better if we could be ready for anything that could happen.

 

___________________________________________________________________________________________________

Fatberry adalah platform yang menawarkan insuran-insuran yang terbaik dalam talian. Anda boleh memilih dari pelbagai jenis insuran daripada harga yang terendah! Jenis-jenis insuran yang ditawarkan di dalam laman sesawang Fatberry adalah insuran kereta, motor, kesihatan, pelancongan dan akan datang, insuran denggi.

*The content provided is for informational purposes only. Fatberry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us. 

 

GET QUOTE

Recommended Reads

Follow Us For Latest Updates!