As part of Bank Negara Malaysia’s (BNM) ongoing efforts to ensure that all Insurance and Takaful industry players uphold their commitments and deliver services as outlined in their Customer Service Charter (CSC), both BNM and the Boards and Management Committees of the Associations (MTA/LIAM/PIAM) have approved the appointment of NielsenIQ Malaysia as the research agency to conduct the Customer Satisfaction Survey (CSS) 2024/25. Please visit our Announcement page for more information. 

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Condo Insurance

The Condo Insurance Plan is an all-in-one insurance plan covering the property against fire and other related risks. This insurance will ensure that ]the building is protected and complies with the Building and Common Property (Maintenance & Management) Act 2007.

The plan provides the following insurance coverages: 

  • Fire 
  • Money 
  • Burglary 
  • Plate Glass 
  • Fidelity Guarantee 
  • Machinery Breakdown 
  • All Risks 
  • Public Liability 
  • Error & Omission

Table of benefit

Section I: Fire Insurance
Interest insured
Building (excluding foundation) as defined in Section 2 of the Act, machinery and equipment and all contents in Management Office.
sum Insured to be provided by insured.
Section II: Combined all risks insurance (for JMB / MCO)
To be sold strictly together with Fire Insurance on Condominium / Apartment
 
Interest insured

Money insurance

  • On money in premises: RM10,000.00 limit of liability any
  • On money in transit: RM10,000 One accident

Bulgary insurance

  • On all property of every description belonging to the Insured or held by them in trust or on commission including business furniture, fixtures and fittings, office plant, machinery and equipment.
  • Sum insured: RM50,000.00

Plate glass insurance

  • On all plate glass: RM50,000.00

Fidelity guarantee insurance

  • On all employees
  • Amount guarantee: RM30,000.00
    (any one employee and in the aggregate)

Machinery breakdown insurance

  • On all machinery related to the insured's business (lift, air-conditioners, generators, transformers, fire-fighting equipment and the like).
  • Sum insured: RM 100,000.00

All risks insurance

  • Excluding Fire & Extraneous Perils as provided for and insurable in accordance within the Fire Tariff and Burglary
    On all types of office machines and equipments on leased, hired or rented.
  • Sum insured: RM100,000.00

Public liability insurance

  • Limit of indemity RM1,000,000.00 any one occurence
Section III: Error & omission insurance
To be sold strictly together with Fire insurance on Codominium / Apartment
 
Interest insured
  • Third party liability (optional cover)
  • Limit Of Indemnity: RM500,000.00 any one occurrence / in aggregate
  • Deductibles: RM5,000.00 any one occurrence
  • Limit Of Indemnity: RM1,000,000.00 any one occurrence / in aggregate
  • Deductibles: RM10,000.00 any one occurrence
  • Limit Of Indemnity: RM2,000,000.00 any one occurrenc / in aggregate
  • Deductibles: RM10,000.00 any one occurrence

Note:

Subject to Great Eastern’s standard terms, conditions & exceptions of Fire, Combined All Risks and Error & Omission Insurance Policies.

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

Get this plan

Should you require any further product information, you may call us at 1300-1300 88. Alternately, you may email us at GICare-MY@greateasterngeneral.com.

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