Great Shield Home

Shelters your home against the unexpected

Home is where love and memories reside, a place that belongs to you and your loved ones. Given such importance, it is therefore essential to secure it and its content before hand. Great Shield Home is a yearly renewable plan that provides coverage for your properties against different types of hazards, and grants you financial aid when unanticipated damages occur to your house and your household. We designed this product to lend you a helping hand whenever such losses happen to you, to alleviate your burden when an unexpected event happens.

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Key benefits

Mortgage protection for uninhabitable house

Should your private dwelling is deemed temporarily uninhabitable and necessary to be reinstated, we will pay your monthly loan amount, maximum up to RM3,000 per month, up to 6 months.

Mortgage discharged costs

We will cover any legal costs associated with the discharge of any mortgage you have left owing (provided the total loss is covered under insured perils).

Thirty (30) days' purchase protection

We will reimburse you and your family (upon our option) for loss or damage of any household goods and personal effects that you purchased within thirty (30) days caused by any of the perils within your private dwelling. Subject to a maximum of 5% of the total sum insured or RM5,000, whichever is lower.

Machinery breakdown

We will cover for any unforeseen and physical loss/damage to the home appliances/equipment items stated in the Schedule, whilst on the private dwelling, necessitating repair or replacement, up to 10% of the total sum insured. Subject to the maximum limit of RM50,000, whichever is lower, not exceeding the total sum insured.

Other benefits

Loss or damage to buildings

We will indemnify you against loss or damage caused by any of the perils to the buildings of the private dwelling.

Mortgage protection for death or Total Permanent Disablement (TPD)

In the event that accidental death or TPD occurs within the private dwelling, we will cover the mortgage you have left owing, up to 10% of the total sum insured or RM250,000, whichever is lower.

Loss or damage to contents

Reimbursement will be made to you for the loss or damage caused by any of the perils to the household goods and personal effects belonging to you or your family in the private dwelling.

Damage to mirrors

We will indemnify you against breakage of mirrors (except hand mirrors) whilst in the private dwelling, up to RM500 per piece on any one incident.

Property temporarily removed

We will pay you up to 15% of the total sum insured on contents when the contents are temporarily removed from your private dwelling except for sale, exhibition or to furniture depositories, given that the contents are remaining within Malaysia and not insured under other policy.

Death compensation

In the event of death that happens within 3 months after fatal injury occurring in the private dwelling due to outward and visible violence by thieves or fire, we will pay the sum up to RM50,000 or half (1/2) of the total sum insured on contents, whichever is lower.

Servants’ property

We will indemnify your loss or damage caused by any of the perils to clothing and personal belongings of your domestic servants.

Rent insurance

In the event of your private dwelling being deemed uninhabitable, we will cover you up to aggregate of 10% of the sum insured or up to the limit of the total sum insured on your buildings and/or contents (whichever is lower), for:

a) as the owner but not occupier of the private dwelling, your loss of rent; and/or

b) as the occupier of the private dwelling, reasonable additional expense necessarily incurred by you at a hotel, lodging house or boarding house.

Liability to the public

We will indemnify you or your spouse against all sums you may be held legally liable to the public, in respect of accidents to another person who is not in your household, or any legal costs and expenses incurred by you, subject to a maximum of RM250,000 per accident. In the event of your death, we will indemnify your personal representative in respect of such liability.

Schedule of benefits

No.	Benefit	Limit of Indemnity
1	On building	Sum insured determined by customer
2	Mortgage discharge costs	Any legal costs associated with the discharge of any mortgage the customer have left owing
3	Mortgage protection for uninhabitable house (per month)	Up to RM3,000 (up to 6 months)
4	Mortgage protection for death or disablement	Up to 10% of the sum insured or RM250,000
5	Loss or damage to contents	Sum insured determined by customer
6	Property temporarily removed	Up to 15% of the total sum insured on contents
7	Damage to mirrors (per piece for each incident)	Up to RM500
8	Compensation to insured's death	Up to RM10,000 or half (1/2) of the total sum insured on contents
9	Servants’ property	As per the limit stated in the Schedule
10	Thirty (30) days’ purchase protection	Up to 5% of the sum insured or RM5,000
11	Machinery breakdown	Up to 10% of the sum insured or RM50,000
12	Rent insurance	Up to aggregate 10% of sum insured on buildings and/or contents
13	Liability to the public (per accident)	Up to RM250,000

Premium rating

The basic premium is calculated based on the type of building (detached, non-detached, flats or apartment) and construction classification of the building. The premium is subject to RM10.00 Stamp Duty and Government Tax.

Insured perils

Fire, lightning, thunderbolt, subterranean fire;
Explosion
Aircraft
Impact with any of the buildings by any road vehicle or animals not belonging to you or any of your family
Bursting or overflowing of domestic water tanks
Theft
Hurricane, cyclone, typhoon, windstorm
Earthquake, volcanic eruption
Flood

Note: Terms and conditions apply.

Impact of Movement Control Order on Fire Policy Coverage from Persatuan Insurans Am Malaysia. Click here for more details.

General exclusions

Important notices

Great Shield Home | Mortgage Protection and Home Insurance