When buying a house, it would be nice if you do not neglect home insurance. This is useful as protection, when the property owned is damaged due to unwanted things.
Home insurance provides protection for the risk of loss due to fire, lightning strikes, falling aircraft, to natural disasters. The protection provided is of course based on an agreement.
In addition to covering the cost of building damage, usually home insurance will replace the total property in it.
Legal Basis Of Insurance
Being a participant in home insurance has great benefits.
But before choosing an insurance product, you should first know the legal basis of this type of insurance.
Insurance law is a written regulation that binds two parties, namely the policyholder and the insurance provider.
Both are bound in a mutually agreed letter of agreement. There are five basic insurance laws that apply in Indonesia, namely:
- Law No.2 of 1992 on Business Insurance
- Criminal Law Act (KUHP) article 1320 and Article 1774
- Book of Commercial Law (KUHD) Chapter 9 Article 246
- Government regulation (PP) No.73 year 1992
- Government Regulation No.63 year 1999
- After reviewing the legal basis of insurance, here are three recommendations for the best home insurance in the country.
Best Home Insurance Recommendations
1.AXA Mandiri
PT Axa Mandiri Financial Services or AXA Mandiri is a form of cooperation between PT Bank Mandiri and National Mutual International.
Having been present for more than 17 years in Indonesia, AXA Mandiri is one of the best home insurance that can be used as an option.
AXA Mandiri provides protection against the risk of loss of property or assets, as well as loss of production of the company pledged.
There are several risks guaranteed by AXA Mandiri, including:
- Damage from fire, lightning strikes, explosions, falling aircraft, and smoke
- Damage from natural disasters
- Loss due to theft and robbery
- But before claiming the loss, make sure the minimum insurance coverage period has been running for 1 year.
The form of turnover itself uses rupiah or USD currency, as well as distribution channels through banks and brokers.
2. Allianz
Allianz is the best home insurance to choose next. One of the insurance policies presented by this company is RumahKu Plus, which provides compensation of up to Rp20 billion.
The value offered is quite high, when compared with other company policies. Not only that, Allianz also provides temporary accommodation costs, personal legal liability, and death compensation.
In the RumahKu Plus program, there are two types of protection, namely Houseowner and Householder.
The difference between the two, is:
- Houseowner: provides protection for buildings, including walls, roofs,
- floors, garages, and residential fences.
- Householder: provides protection for the contents of residential buildings, including electronic equipment and furniture.
- My home insurance also covers several risks, namely damage due to floods, hurricanes, storms, mountain eruptions, and earthquakes.
While the risks that are not guaranteed by insurance, is:
- War damage
- Rebellion Damage
- Melee damage
- Taking power
Confiscation and collection of damages under orders from legitimate
- government
- Damage from nuclear weapons
- For the time of the claim, you can report to Allianz in writing, then submit the necessary supporting claim documents.
Pay attention to the claim deadline listed, make sure it is in accordance with the policy provisions.
3. Sinar Mas
Sinar Mas is one of the best home insurance companies in Indonesia, which has been established since 1985. This company has a Simas Rumah Hemat insurance policy that can provide guarantees for residential homes and household furniture.
Some of the risks covered by this insurance product, is:
- Fires, lightning strikes, explosions, and aircraft crashes
- Riots, riots, terrorism, and sabotage
- Earthquakes, volcanic eruptions, and tsunamis
- Floods, storms, hurricanes, smoke, and water damage
- Demolition and theft
In addition, Sinar Mas will reimburse the cost of temporary housing if the house is uninhabitable for 3 ❸ 24 hours.
This is the best home insurance that you can use as a reference. After reading the summary above, are you interested in using home insurance services?