How to protect a home against Earthquake and Volcanic Eruption

How to protect a home against earthquake and volcano eruption? Do you recall earthquake cracking its way into Malaysia soil?. Without any apparent warning sign, a magnitude size of 6.00 on June 5, 2015, erupted at Mt Kinabalu had rocked the nation off guard. The Sabah earthquake not only devoured 18 life but brought masses destruction to the infrastructure and building with estimated total damage to US$2.84 billion. Consequently, we are no longer living in the free earthquake zone. But fortunately, we do not have the volcano eruption occur here. Have you insured your home against the Earthquake and volcanic Eruption? Now, have you ever thought how to protect a home against earthquake and volcano eruption yet?

Not only in Malaysia, very frequency we hear the occurrence of earthquake associated with Tsunami globally. Also the volcano eruption, the oozing lava burned everything along its path.

The spillage of the volcano ashes would blanket the sky for month and years. All commercial aircraft ground on the ground. Not only suffer massive economic loss, but also causes hardship to the stranded passengers.

Nevertheless, it is not too late to review your home or fire insurance policy content. Please call your agent to pass endorsement for this clause if it is not covered. It is just a nominal sum to protect a home against earthquake and volcano eruption.

How to protect a home against earthquake and volcanic eruption

Home insurance Earthquake and Volcano Eruption

The earthquake and volcano eruption protect a home against all kinds of damages, including those arising directly or indirectly out of earthquakes,

tsunami or volcano eruptions including fire, explosion, landslide, and land collapse, including the foundations and retaining walls in the cover.

Additional earthquake and volcano eruption to protect a home

The following four items to cover the loss due to the cause of

Earthquake.

The Volcanic Eruption means eruption,

explosion, or effusion of a volcano.

Any Sprinkler Leakage is resulting from Earthquake.

The Sprinkler Leakage resulting from Volcanic

Eruption. Volcanic eruption means the

The eruption, explosion, or effusion of a volcano.

All Earthquake shocks or Volcanic Eruptions

concurrently occurrence within 168 hours will constitute a single Earthquake or Volcanic Eruption.

The expiration of this policy will not reduce the 168 hours.

volcano eruption lava oozing out — volcano eruption lava oozing ou

Exclusion clause for earthquake and volcano eruption

The insurer shall not be liable for any damage arising out of the loss of insured items during fire and explosions caused by earthquakes or volcanoes.

Deductible:

Insurers are liable for damages over Total Loss occurrence in 72 hours, the period in damages caused by earthquake and volcano eruptions excluding fire.

The concrete building will attract a higher deduction than a wooden structure as the former razes to the ground completely. Nevertheless, it is unusual to have over $50 000 for any claim loss unless you can prove to the underwriter that the building will build to earthquake resistance proof-like in Japan. Sad to say that the Malaysian government’s lukewarm attitude, sitting in the comfort zone, has not acquired such enforcement skills.

Premium Rate: 0.010%

If you are insuring your commercial building for a sum insured of $2 million thus, the affordable premium is $200 per year. Why saves a penny now, spending a fortune later to reconstruct your sweet home later on?

Important to have Earthquake and Volcano eruption clause

Occasionally occurrence tremor on the Peninsular Malaysia hailing from large earthquakes in the Sumatran plate margin. The highest observation recorded VI on the Modified Mercalli (MM) scale. No exception to East Malaysia with the localized Earthquake rampages on properties damage and human casualties.

The peak VII on MM scale intensity earthquake on the Southern Philippine and in the Straits of Macassar, the Sulu, and the Celebes Sea had spilled over the Sarawak and Sabah.

The Earthquake occurs, the magnitude size is not a contributing factor for asunder destruction, but the population density and fire as a secondary event.

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How to claim Impact Damage by Insured Own Car

How to claim Impact Damage by Insured own car? What are we going to do? Do you want to make claim on the owner’s car insurance? There will be no claim discount for the upcoming car insurance renewal. What should the house owner do as the next best course of action? Are you repairing one’s own car and home out of one’s own pocket?

Impact Damage by insured own car

Nowadays, it is common for people to be distracted by their cell phones while driving. If a slip gets out of hand, it may accidentally collide with the insured house’s pillar or outbuilding. In most cases, the insured would have to pay for the repairs themselves. However, most people are unaware of house fire insurance or homeowner policies. Furthermore, the insurer or agent would not draw attention to the fine print of such a policy.

In the fine print of the policy, it read as follows”-

Impact Damage due to Insured’s Rail/Road Vehicles, Forklifts, Cranes, Stackers, and the like and articles dropped from there. “In consideration of an additional premium of RM._____________, it is now agreed and declared that the policy extended to cover loss and damage caused due to impact by direct contact to Insured’s property caused by Insured’s Rail/Road Vehicles, Forklifts, cranes, stackers, and the like and articles dropped from that place.”

Impact Damage in the Wee hours of the morning

A loud “Bang Bang” broke the eerie silence of the moonshine night. After attending a relative’s wedding reception at a posh hotel, an elderly couple drove for over an hour. His white shirt had turned blood red due to the amount of blood oozing from his forehead. His wife, with a broken arm, begged her daughter for assistance.

Impact Damage by Insured own car

After crawling out of the vehicle, he discovered that the strong impact had destroyed the front auto gate; his car had rammed directly into the front broken brick wall. The main hall was partially damaged, with broken glass strewn all over the place.

“Oh my God,” Lina, get up!” The couple shook their daughter vigorously, but it was in vain. Lina and her companion were motionless in a pool of fresh blood.

How to claim Impact Damage by Insured Own Car

They quickly summoned an ambulance, which arrived 15 minutes later. They were rushed to the hospital by paramedics. Fortunately, their younger son was in the backroom and was unharmed. He was shocked when he saw the chaos in the hall. In sixth and seventh grades, students are unsure of the next course of action to take. A freak accident like this does happen; the general public would panic.

Take pictures of the Impact Damage Scene.

The insured is required to file a police report right away. Attempt to limit further loss by guarding the house contents against being robbed. Examine the fire or house owner or householder policy to see if it includes an additional peril for Impact damage caused by the insured’s vehicle.

Adequately insured.

There is only a RM 400 deductible for impact damage caused by the Insured’s vehicle. The auto gate and brick of the main hall and a portion of the damaged wiring system, door, and lock cost approximately RM50 000 less the Rm 400 deductible; thus, the insured can claim up to RM49 600.

THE ELDER COUPLE AND HIS DAUGHTER.

They are entitled to a claim of up to RM10,000, or 50% of the sum insured. On the other hand, Lina’s friend can make a claim for up to RM300,000 for her bodily injury under public liability in the fire or house owner policy.

The householder policy covers items such as a television, sofa set, decorative items such as a painting, flower vase or table, and a chair. The elderly couple also bought such a policy. Otherwise, they behave as if they are their own insurer.

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