Home Protect

FEATURES AND BENEFITS

BASIC ALLIED PERILS COVERED
- Fire
- Lightning

PROPERTY-RELATED EXTENSION
- Alternative accommodation
- Personal liability insurance
- Architect & surveyor's fees
- Replacement of locks and keys
- Accidental breakage of fixed glass

HOUSEHOLD EMPLOYEE INSURANCE
- Hospital cash allowance
- Personal accident
- Personal belongings

OTHER ALLIED PERILS COVERED
- Earthquake
- Typhoon
- Flood
- Smoke, falling aircraft, vehicle impact and explosion
- Riots, strikes and malicious damage

FAMILY ACCIDENT AND HOSPITALIZATION INSURANCE
- Accidental death, disablement and/or dismemberment within the period
- Dismemberment (AD&D)
- Medical reimbursement
- Burial expense benefit
- Hospital cash allowance
- ICU benefit
- Surgical benefit

VALUABLE ITEMS PROTECTION
- Provides protection for your personal possessions or declared valuable items such as works of art, antiques, in the event they are damaged by a covered peril (such as fire)

HOW TO APPLY
1. Choose a product - choose the right insurance best for you.
2. Apply online - be insured through Malayan's online platform (or guided by InsureAssist.ph rep)
3. Verification - the insurance policy will be delivered to your registered email address.

APPLICATION QUALIFICATION
- no minimum sum insured
- you must be an owner or a renter of a residential structure
- the building or structure must be made of heavy materials (concrete)

FAQs

WHAT IS HOME PROTECT AND WHY DO I NEED IT?
Home Protect is one of Malayan's flagship products dedicated to residential structures that provides comprehensive property insurance. This product relieves the insured from the financial burdens brought about by unexpected damages to their residential property. It is important to have home insurance to protect your investment, personal belongings, and provide liability coverage to help you ease your financial burdens in case the unexpected happens.

WHAT DOES HOME PROTECT COVER?
Aside from the basic coverage of Fire and Lightning, other events such as Acts of God may be covered. In addition, Home Protect is packed with other benefits such as:

- Alternative Accommodation: if your home becomes uninhabitable due to a covered event, this coverage helps pay for temporary housing, like a rented apartment (with proof of payment), while your home is being fixed.
- Personal Liability: this helps with legal costs and/or compensation if you accidentally cause damage to someone else's property or unintentionally harm them.
- Replacement of Locks and Keys: if someone intentionally breaks into your home, this coverage helps cover the cost of changing locks and replacing keys to enhance your home's security.
- Burglary and Housebreaking: this coverage provides financial protection if your home is broken into, helping you recover the value of stolen items and repairs due to the break-in.
- Accidental Breakage of Fixed Glass: if glass windows or doors break accidentally, this coverage helps cover the cost of repairs or replacement to restore them.

DO I HAVE TO BE A HOMEOWNER TO BE ELIGIBLE TO BUY HOME PROTECT?
Ownership is a requirement to purchase Home Protect. But if you're renting a place to live, you can still get insurance for things you own inside (like your furniture and appliances), and even for upgrades you've made to the rented property.

WHAT REQUIREMENTS DO I NEED TO SUBMIT IF I WANT MY HOME TO BE INSURED?
You'll be required to fill out an application form that asks for the detailed information of the property you wish to insure. Written declarations or photos of the immediate areas surrounding the property may also be asked to be submitted.

WHAT DO I HAVE TO DECLARE UPON APPLICATION?
When filling out the application form, please make sure that you put an amount on the items that would apply to you, or depending on what you wish to be included in your insurance coverage:

- BUILDINGS: refers to the main structures of your home, like the walls, roof, and floors.
- LEASEHOLD IMPROVEMENTS: these are the changes or upgrades you've made to a rented space to make it better, like adding shelves or renovating.
- CONTENTS: your personal belongings inside your home, such as clothing, appliances, and other items, including electronics.
- FURNITURE, FIXTURES AND FITTINGS: the movable items in your home, such as chairs, tables, lights and curtains.

HOW DO I KNOW MY PROPERTY'S TOTAL SUM INSURED
Figuring out the total sum insured for your property involves calculating and adding up the overall value of your belongings and home.

WHAT OTHER SUPPLEMENTARY COVERAGES DOES HOME PROTECT HAVE?
Home Protect does not only provide protection for structures and contents. The property insurance is just the basic coverage, and you have the option to add or mix-and-match the following coverages:

- Family Personal Accident: protects you, your spouse, and your children/dependents against financial burdens due to unexpected and unforeseen injuries anytime, anywhere.
- Family Hospitalization Insurance: pays you, your spouse, and your children/dependents cash assistance for every day of confinement due to accidents.
- Household Employee Insurance: provides coverage for accidents and assistance in case of hospitalizations (due to accidental injuries)
- Valuable Items Protection: insures works of art that are stored and/or displayed inside the insured residential property against all risks.

HOW MANY OF MY FAMILY MEMBERS CAN I INCLUDE TO BE INSURED?
You may include your spouse, provided you (the Principal Insured) and your spouse are within the ages of 18 to 64 years old. If you have children or dependents, you may include up to four (4), provided they are within the ages of 1 to 21 years old.

WHO IS ELIGIBLE FOR HOUSEHOLD EMPLOYEE INSURANCE?
Any person who works under your care and supervision is considered as a Household Employee. They may be referred to as kasambahays, cooks, gardeners, drivers, and the like. So longa as they are within the age of 18 to 64 years old, they are eligible to be included in your Home Protect policy, regardless if they stay-in or live-out.

WHAT DO I HAVE TO SUBMIT IF I HAVE A VALUABLE ITEM TO BE INSURED?
Valuable items are limited to paintings, antiques and other works of art (excluding jewelries). Upon application, you'll be required to submit a copy of the Valuable Item's Certificate of Authenticity and Certificate of Valuation for reviews and evaluation. This shall also be the basis of the Premium Rate that will be added on top of the property insurance.

WHAT SHOULD I DO IF I NEED TO FILE A CLAIM?
In the event of a loss, immediately notify Malayan Insurance or your accredited insurance agent at InsureAssist.ph, verbal or in writing, within thirty (30) days from the date of loss. As much as possible, provide detailed information about the incident. You will be furnished with a claim form accompanied with the list of documents you are required to submit for review and evaluation.

WHAT ARE THE CLAIM REQUIREMENTS FOR HOME PROTECT?
Required documents vary depending on the coverage you wish to claim. The general requirements are as follows:
- nature of ownership of the property insured
- location of property
- extend of damage and salvage value
- liens and encumbrance, if any
- any other information relative to the loss.