Besides the “basics”, your family may have other insurance needs. For instance, couples who are just starting out might need to protect for home and maternity insurance. For those with bigger households, they might consider car insurance and domestic helper insurance. And of cause families who go on holidays regularly will need travel insurance. Here is a quick look:
1. Home Insurance is designed to protect your home contents (e.g. furniture, television, etc.) and cover the cost of renovations in the event that they are damaged by events such as water damage, fire damage, theft and other causes outlined in the policy.
2. Car insurance is mandatory in Malaysia and protects your vehicle against theft or damage from accidents. It also provides liability protection from legal claims in the event’s that you get into an accident that causes accidental injury, death or damage to property. Costs for car insurance vary widely, depending on you and your vehicle.
3. Domestic helper insurance is mandatory in Malaysia and provides important coverage for your helper against health concerns.