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Homeowners Insurance in Cebu


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David_LivinginTalisay

I have posted many times to this Forum about Malayan Insurance 'Home Protect Plus'

 

The 'Acts of God' are covered if you are prepared to pay the premium.

 

I went with Malayan Insurance for their very good Comprehensive Motorcycle IPolicy (normally for imported, high value motorcycles of at least 400cc), from recommendations of Bikers on various Philippines Motorcycle related Forums.

 

I then went with Home Protect Plus and the Car is covered with them also.

 

I read that their Claims Service is excellent.  We claimed TWICE in one year under Family Hospitalization and they paid out promptly, after obtaining the Form signed by the Doctor at the hospital, along with the Bills Receipts.

 

 

The new and improved Home Protect Plus is specifically designed to secure your home, and more importantly, your family from unfortunate events that may happen. The product offers the maximum coverage equal to the value of your home and, is very flexible. Plus, this is applicable not only to homeowners but also to home renters! Coverage includes:

  • Property Insurance

Provides your property coverage for potential losses to both the structure of your house and its contents. Included are damages resulting from fire and lightning, earthquake fire & earthquake shock, smoke damage, explosion, vehicular impact, falling aircraft, burglary & housebreakingriots, strikes and malicious damage, sprinkler leakage, and bursting or overflowing of water tanks, apparatus, and/or pipes.

  • Alternative Accommodation

Provides the cost of rent for assureds’ temporary shelter when relocated with PhP 5,000.00 per day for fifteen (15) days as alternative accommodation expense.

  • Typhoon and Flood Assistance

Reimburses you from the cost of clean-ups due to damages caused by typhoon and flood. Should flood waters within the insured premises rise up to one foot from floor level, you may likewise reimburse the reasonable cost of electrical check-up. 

  • Burglary and Housebreaking Insurance

Provides coverage for the insured against loss or damage to property following an actual forcible and violent entry of the property by persons committing acts of felony.

  • Personal Liability

Protects you from damages that you may be liable for if a third party is injured or as a result of property damage. This will also pay legal expense in defending the policyholder against any lawsuit.

  • Personal Accident

Covers the insured, the spouse, and children in the event of accidental death or dismemberment arising within the period of coverage.

  • Hospitalization Insurance

Provides financial assistance to the insured and/ or any member of his family for hospital confinement or surgical expenses incurred due to sickness or accident.

  • Household Employee Insurance

Provides hospitalization, personal accident and personal belongings protection to the insured’s household employees.

  • Valuable items Protection

Provides protection for you personal possessions or declared valuable items such as works of art, and antiques, in the event they are damaged by a covered peril.

 

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Click the URL  Malayan Insurance 'Home Protect Plus' and it takes you to their Website.   I dealt directly with their CEBU Office not via any 'Agent'.   The Malayan Insurance Office in Cebu, is a

I have posted many times to this Forum about Malayan Insurance 'Home Protect Plus'   The 'Acts of God' are covered if you are prepared to pay the premium.   I went with Malayan Insurance for their

I don't think there are any who pay out on claims.Their only there to collect premiums.

A bank would be the perfect institution to ask, as they deal with insurance companies on mortgaged properties all the time.

....This would make the most sense since mortgaged properties are actually THEIR properties until they're paid off.
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cebubird

It sits right under the "No White Ladies Allowed" sign.

 

HEY!!!! WHERE IS THE MODERATOR HERE?????

There are people with serious concerns/questions especially after the recent event, so how about we keep the comedians off here!!!!!

Thanks in advance for policing this!!

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Boss Ross

had just renewed my house insurance on October 11th:

premium 7.670,80 PHP

covers 2.400.00 PHP for the building and1.600.00 PHP on household furnitures

 

insured  against fire & lightning, typhoon, flood and earthquake.

I am confused. Maybe you put periods and commas in the wrong place. It looks like you paid an annual premium of 7 and IF you ever make a claim make a claim you get 2 and 1 back. If that is correct, what is the point?

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I am confused. Maybe you put periods and commas in the wrong place. It looks like you paid an annual premium of 7 and IF you ever make a claim make a claim you get 2 and 1 back. If that is correct, what is the point?

 

sorry for the mistake

 

correct:

 

premium 7670 PHP

covers 2,400,000 PHP for the building and1,600,000 PHP on household furnitures

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cebubird

I have posted many times to this Forum about Malayan Insurance 'Home Protect Plus'

 

 

 

 

The 'Acts of God' are covered if you are prepared to pay the premium

 

 

.

 

I went with Malayan Insurance for their very good Comprehensive Motorcycle IPolicy (normally for imported, high value motorcycles of at least 400cc), from recommendations of Bikers on various Philippines Motorcycle related Forums.

 

I then went with Home Protect Plus and the Car is covered with them also.

 

I read that their Claims Service is excellent.  We claimed TWICE in one year under Family Hospitalization and they paid out promptly, after obtaining the Form signed by the Doctor at the hospital, along with the Bills Receipts.

Do you have contact info for an agent in Cebu??

Seems tome like I have actually seen a sign for them somewhere.

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David_LivinginTalisay

Do you have contact info for an agent in Cebu??

Seems tome like I have actually seen a sign for them somewhere.

 

Click the URL  Malayan Insurance 'Home Protect Plus' and it takes you to their Website.

 

 

Malayan Insurance

Malayan is a major non-life insurance company in the Philippines. Its history dates back from 1930 and as at 2012 has 35 branches across the country including the cities of Quezon City, Makati City, Davao City and Cebu City. It offers its policyholders motor car insurance, casualty insurance, marine insurance, fire insurance (including coverage for earthquakes, typhoons and flood) as well as engineering and aviation insurance.

 

Source: http://www.malayan.com

 

nsurer Information
 
  Company Branches History Specialist Parent Members Type dp4f613a0f540ac.jpg Malayan Insurance 35 branches across the country 1930 n/a n/a n/a car,fire,marine

 

 

I dealt directly with their CEBU Office not via any 'Agent'.

 

The Malayan Insurance Office in Cebu, is above  RCBC (Rizal Commercial Banking Corporation) on Fuente Osmenia.

Roundabout.

 

Rizal_Commercial_Banking_Corporation_log

 

logo.jpg

 

http://www.ygc.com/businesses.php?id=5

 

 
hdr-business-5.jpg

Malayan Insurance Co., Inc. is the leading non-life insurance company in the Philippines.  Founded in 1930, Malayan offers its client and the public guaranteed peace of mind through service excellence, quality insurance protection, and the prompt processing and settlement of just and valid claims.

As of December 31, 2010, it has a total assets of US$411.96 Million, or Php 18.06 Billion.

Number One non-life insurance company in the Philippines since 1970 (41 consecutive years).

A.M. Best financial strength rating of B++ (Good) and issuer credit rating of "bbb" (2011 & 2012).  Standard & Poor's rating of BB/Stable (2011). 

Received the Best in Corporate Governance and Best in Corporate Social Responsibility (CSR) awards during the 1st Philippine Insurers and Reinsurers Association (PIRA) Awards.

Malayan Insurance is authorized by the Insurance Commission to underwrite the following: Aviation, Engineering, Fire/Property, Marine, Miscellaneous Casualty, Motorcar, Personal Accident, Residential Fire and Travel Insurance, and Surety/Bonds.

Extensive network of 34 branches and service offices nationwide and is a member of the Yuchengco Group of Companies (YGC).

Contact Us

HEAD OFFICE (CUSTOMER SERVICE)

Address: 484 Quintin Paredes St. Binondo, Manila

Tel. No.: (632) 243-10-33

SALES AND MARKETING DEPARTMENT

Tel. Nos.: (632) 241-2939, (632) 241-1265, (632) 241-2743

Fax Nos.: (632) 241-2188, (632) 241-1205

CLAIMS DEPARTMENT

Tel. Nos.: (632) 241-7124, (632) 243-0943

Fax No.: (632) 241-1484

Website: www.malayan.com

 

www.malayan.com
 
I have just created an Account with Malayan Insurance - On-Line
 
FAQs > General FAQs

How is the Malayan Online Store different from a face-to-face transaction?

Purchasing insurance from Malayan Online is different from more traditional face-to-face transactions in a number of ways, but all stem from one idea: the convenience of managing your insurance from your own home. From browsing our insurance products, to purchasing, and even submitting claims, everything can be done online.

How do I buy from the store?

Purchasing insurance from the Malayan Online Store is easy once you've created an account. First, choose the product. Second, fill-up the form. Third, make the payment. All of this is done online for your convenience. Once paid for, a PDF copy of your e-policy will be sent to you via email. Congratulations, you're insured! You can also watch a video on how to purchase from Malayan Online HERE.

How is my transaction and data secured?

Malayan Online employs 3D Secure Payment & Confirmation for transactions, an online service designed to make internet transactions safer by authenticating the cardholder's identity at the time of purchase. All account information is confidential, and is made available only for insurance assessment purposes within Malayan Insurance.

 

Product: Fire > Home Protect Plus

 

 

The new and improved Home Protect Plus is specifically designed to secure your home, and more importantly, your family from unfortunate events that may happen. The product offers the maximum coverage equal to the value of your home and, is very flexible. Plus, this is applicable not only to homeowners but also to home renters! Coverage includes:

  • Property Insurance

Provides your property coverage for potential losses to both the structure of your house and its contents. Included are damages resulting from fire and lightning, earthquake fire & earthquake shock, smoke damage, explosion, vehicular impact, falling aircraft, burglary & housebreakingriots, strikes and malicious damage, sprinkler leakage, and bursting or overflowing of water tanks, apparatus, and/or pipes.

  • Alternative Accommodation

Provides the cost of rent for assureds’ temporary shelter when relocated with PhP 5,000.00 per day for fifteen (15) days as alternative accommodation expense.

  • Typhoon and Flood Assistance

Reimburses you from the cost of clean-ups due to damages caused by typhoon and flood. Should flood waters within the insured premises rise up to one foot from floor level, you may likewise reimburse the reasonable cost of electrical check-up. 

  • Burglary and Housebreaking Insurance

Provides coverage for the insured against loss or damage to property following an actual forcible and violent entry of the property by persons committing acts of felony.

  • Personal Liability

Protects you from damages that you may be liable for if a third party is injured or as a result of property damage. This will also pay legal expense in defending the policyholder against any lawsuit.

  • Personal Accident

Covers the insured, the spouse, and children in the event of accidental death or dismemberment arising within the period of coverage.

  • Hospitalization Insurance

Provides financial assistance to the insured and/ or any member of his family for hospital confinement or surgical expenses incurred due to sickness or accident.

  • Household Employee Insurance

Provides hospitalization, personal accident and personal belongings protection to the insured’s household employees.

  • Valuable items Protection

Provides protection for you personal possessions or declared valuable items such as works of art, and antiques, in the event they are damaged by a covered peril.

Edited by David_LivinginTalisay
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  • 4 months later...

Moin Peter, thanks for the valuable Info about your latest insurance deal.

I enjoyed the meeting with you and the chat about other "Living in Cebu" facts. :coffee:

Lets do it again and keep in contact. Thanks

K

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  • 1 month later...

had just renewed my house insurance on October 11th:

premium 7.670,80 PHP

covers 2.400.00 PHP for the building and1.600.00 PHP on household furnitures

 

insured  against fire & lightning, typhoon, flood and earthquake.

 

sorry to ask if I missed it, but who is your insurance provider?

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Tinbum
newbster

I have posted many times to this Forum about Malayan Insurance 'Home Protect Plus'

 

The 'Acts of God' are covered if you are prepared to pay the premium.

 

I went with Malayan Insurance for their very good Comprehensive Motorcycle IPolicy (normally for imported, high value motorcycles of at least 400cc), from recommendations of Bikers on various Philippines Motorcycle related Forums.

 

I then went with Home Protect Plus and the Car is covered with them also.

 

I read that their Claims Service is excellent.  We claimed TWICE in one year under Family Hospitalization and they paid out promptly, after obtaining the Form signed by the Doctor at the hospital, along with the Bills Receipts.

This policy seems great since it covers medical (for you and your family I assume)? What sort of premium do you pay and what's the deductible like? I'd like to consider this for my retirement budget....thanks.

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  • 2 months later...
Oasis Monarch

 

 

Click the URL  Malayan Insurance 'Home Protect Plus' and it takes you to their Website

 

. Searched for 'fire insurance' and came across your post. I need a policy to cover my condo.

 

Thanks for the link and the info following it.

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cebubird

Just got our home insurance with them last month and they seem to be good folks to deal with. Of course the norm here is good service before the sale.

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4thDan

do they have renters insurance??? to insure the goodies in the house we rent?

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