Building Fire Insurance

27th February 2011

Fire insurance is designed to provide protection against material damage to properties such as buildings, contents such as household equipment, fixtures and fittings. The policy covers the loss or damage caused by fire and lightning or damage caused by explosion of domestic boilers or gas used for domestic purposes. 

It's the time again that we would need to purchased our building fire insurance and this year, it has been done so a week before it expires. 

For house owner's information, the individual insurance policy is ready for collection in the management office and therefore, all residents are advise to proceed to the office and collect them before sending it to the bank for further process. Do take note that all residents are advise to make the fire insurance payment before collecting the individual insurance policy based on the calculation of your unit size. Thus, it varies from one home to another.


Do aware that for those house owner who is taking loans to purchase the unit, the bank would by default purchased another fire insurance for them unless they (the house owner) provide the copy of individual insurance policy to them within a stipulated time frame.


Therefore, to home owner, please take note on this matter. Proceed to the management office for the policy collection together with the payment.


Thanks