How to protect your home or your home business?

How to protect your home or your home business?

Destroyed homes from the October 15, 2013, earthquake; Loon, Bohol, Philippines. source: wikipedia.org

As a parent or if you're a home business owner, we all do worry for protecting our home or house against accidents, crimes, natural calamities or disasters like storms, earthquake, flood, lava flow, fire, and even burglary or other equal events that are unexpected. But that is not only the case that we need to protect our home, because we need also to protect yourself or our family against a lawsuit when a stranger got injured in your property. Because of all those problems that might occur in the future, the insurance company was introduced to every country, to provide a service that will protect you and your family to those problems. Insurance can help you to lessen most of the burden during accidents, crimes, calamities, or any problem within your home that needs protection or replacement.

What is home insurance, property insurance, and homeowner insurance? All the three insurance have the same common goal is to protect you, your family, and your home to any problem may occur. But each insurance has a different policy to protect. Below are the details in regard the three kinds of insurance you might need.

Property Insurance for the Philippines protects houses or buildings structure against natural calamities or disaster, such as flood, earthquake, storm, or other equal events that might occur or will happen.

Home Insurance or Homeowners Insurance in the Philippines protects private homes, valuable investment against fire or theft, and liability insurance for any injuries and property damage caused by the owner or family members to other people. But there are some differences between these two insurances, please consult with your insurance agent or insurance company in regard to this matter. Because every company has different insurance policy even though it has the same goal.

In Malayan Insurance Corporate it has an unbeatable home and property insurance in the Philippines. Therefore, whether you are looking for property insurance, homeowners insurance, or home insurance in the Philippines the “Home Protect Plus” Insurance has it all.

Home Protect Plus Insurance Features and Benefits
Your property is insured against damages resulting from the following:

  • Fire and Lightning
  • Earthquake Fire and Earthquake Shock
  • Typhoon and Flood
  • Riots, Strikes, and Malicious Damage
  • Bursting or Overflowing of Water Tanks, Pipes and Fittings (BOWTAP)
  • Sprinkler Leakage
  • Volcanic Eruption
  • Extended Coverage
    • Smoke Damage
    • Explosion
    • Vehicular Impact
    • Falling Aircraft

 

Other Extension of Coverage:

  • Burglary and Housebreaking
  • Personal Liability
  • Accidental Breakage of Fixed Glass
  • Alterations and Repairs
  • Alternative Accommodation
  • Architect and Surveyor’s Fees
  • Automatic Increase Clause
  • Debris Removal
  • Expediting Expense
  • Fire Fighting Expense
  • Professional Fees
  • Replacement and Lock Keys
  • Temporary Removal Clause
  • Outbuilding Clause
  • Special Assessment Clause (For Condominium Only)

 

Personal Accident
Covers the insured, the spouse and children in the event of accidental death or dismemberment arising within the period of coverage.

  • Accidental Death, Disablement and/or Dismemberment
  • Medical Reimbursement
  • Burial Expenses

 

Family Hospitalization Insurance
Provides financial assistance to the insured and/or any member of his family for hospital confinement or surgical expenses incurred due to the accident.

Household Employee Insurance
Provides hospitalization, personal accident and personal belongings protection to the insured’s household employees.

Valuable Items Protection
Provides protection for your personal possessions or declared valuable items such as works of art and antiques whilst contained within the insured premises only and solely against the named perils.

Fine Arts Insurance
Protects your artworks such as paintings, sculptures, antiques, and collectibles within your home.

 

 

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