Commercial Assets

Property Protection Package

Covers both high-rise and gated and guarded strata landed communities managed by a Joint Management Body (JMB) or a Management Corporation (MC).

Important notice

You should read and understand the insurance policy and discuss with your insurance adviser or contact the insurance company directly for more information.

NEW

For condominiums, apartment, flats, and gated / guarded strata landed properties

This type of coverage applies to various types of residential properties.

NEW

Complimentary additional coverages for fire policy

Landscaping Allowance of RM5,000
Assistance Allowance of RM5,000
Average Relief Clause (85%)

NEW

Optional perils for fire policy

Enhanced Bursting or Overflowing of Water Tanks, Apparatus or Pipes (including repair or replacement cost up to RM5,000 of damaged water tanks, apparatus or pipes)
Flood (first loss basis)
Impact Damage (first loss basis)
Damage by Falling Trees or Branches and objects Therefrom (first loss basis)

Comprehensive coverage

While Fire is a mandatory cover, this plan also includes:

All-in-One Policy with coverage on Burglary, Money, Fidelity Guarantee, Machinery & Equipment, Plate Glass, Personal Accident and Public Liability.
Body Corporate and Office Bearers’ Liability Insurance Policy, insuring the entity and its members against losses arising from wrongful acts with extensions to cover libel and slander and loss of documents, subject to the policy terms and conditions.

Value added services

Risk management and loss prevention services.
Training on insurance coverage and risk management.
Building valuation for fire insurance on reinstatement cost from MSIG’s panel of valuers.
Home Assist Service Programme (for Unit Owners) - a 24-hour referral service which includes electrical wiring, plumbing, air-conditioning service, locksmithing, cleaning and restoration of carpets and furniture and roof repairs, but it does not cover the actual cost incurred.

Terms and Conditions apply.

The value added services provided to JMB/MC are optional.

MSIG merely provides recommendation on panel of valuers and does not make any representations and warranties (whether implied or expressed) as to the accuracy or quality of the services provided by the valuer that you engaged. As such, MSIG disclaims all liabilities in relation thereto. For any queries or complaints, please contact your appointed valuer directly.

Why do I need the All-in-One Policy and the Body Corporate and Office Bearers’ Liability Insurance Policy, apart from the mandatory Fire Policy?

Your Joint Management Body (JMB) or Management Corporation (MC) is responsible for the interests of many parties including the members of the JMB or MC, the unit owners and the residents.

The All-in-One Policy is designed for your convenience to protect your JMB or MC against many different types of unexpected losses in one policy with a competitive premium. Meanwhile the Body Corporate and Office Bearers’ Liability Insurance Policy insures the JMB or MC itself and its members against any claim or legal action they may face due to their negligence or wrongful acts committed or allegedly committed in their capacity as such.

Who is insured under the Body Corporate and Office Bearers’ Liability Insurance Policy?

How do I make a claim?

What do I need to do if there are changes to my contact details?

How do I lodge a complaint if I am unhappy with the product or services?

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