Overview
Most homeowners have insurance to cover the building that they live in, however, they often overlook the need to cover the contents in their home.
SOMPO Home Content is an insurance plan that covers your home contents against loss or damage by fire, theft or accidents. In addition, it also offers full theft cover where theft by visitors to your home such as contractors or part-time cleaners are also covered.
SIMPLE & HASSLE-FREE
For example, you bought a policy with sum insured of RM 30,000. However the total value of your home content is RM 60,000. This means you are underinsured.
SOMPO Home Content is an insurance plan that covers your home contents against loss or damage by fire, theft or accidents. In addition, it also offers full theft cover where theft by visitors to your home such as contractors or part-time cleaners are also covered.
WHY IS THIS PRODUCT DIFFERENT?
SIMPLE & HASSLE-FREE
- Easy to buy. You do not need to disclose to us the value of every item of your home contents, just choose your preferred plan to sign-up.
- Easy to claim. You do not need to show proof of receipts for your home contents. However, a police report is required if it is a criminal act.
For example, you bought a policy with sum insured of RM 30,000. However the total value of your home content is RM 60,000. This means you are underinsured.
- If underinsurance is applied, your insurer pays RM 30,000/RM 60,000 = 1/2 ratio x (RM 30,000) = RM 15,000. You will have to pay remaining RM 15,000 yourself, which is the penalty.
- If no underinsurance is applied, your insurer pays RM 30,000. No penalty.
- Houseowner Insurance covers your home building only.
- When combined with SOMPO Home Content Insurance it covers both your home building and household contents, personal effects which belong to you or your family members.