When subscribing for House Insurance/Takaful, most of the term is OK until you read the fine print.
Normally, we state the total sum of our house content assuming the Insurance company will pay in full for its content.
True, but for the maximum value for each item of RM2,000 only!
So what if you haveRM15,000 curved 16inches TV hanging on your wall? what about your RM4.5k sofa?
For this cases, the customer is advised to state their purchase receipt & list down each item(+ value) to be insured during insurance/takaful proposal stage.
**Best advice we have is, scan the receipt & policy, email it to yourself. In the event of house on fire or flood, we very much will be “paperless”
You might want to re-look into your House Insurance/Takaful policy.
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