Wednesday, January 10, 2007
posted by PabloPabla at 2:25 pm

I used to work in an insurance company prior to getting called to the Bar. It was a good learning ground for me as I am now doing a bit of insurance work as a lawyer. Anyway, we all know how important it is to have insurance. But I am not going to be selling insurance here. I just want to highlight the importance of being insured.

Recently, the spate of flooding in Johor and Melaka and currently, Kelantan and Terengganu has caused many to lose personal belongings including household effects and cars. Not many people consider taking up home insurance and even if they do, they do not take extra coverage on flooding. Those with perhaps expensive AV sets at home or expensive furniture and antiques should seriously consider getting insured. As for car insurance, do you know that flooding is not automatically covered? You actually have to pay extra premium for it. Therefore, consider getting additional protection for flood coverage if you are staying at a flood-prone area.

Of course, if your house or your property is located at high risk areas, chances are your proposal for that extra coverage on the peril envisaged may be declined or some form of loading may be applied which would result in your total premium being much higher than those in "safe" areas. It is therefore important that you scout around or seek your agent's advice.

In the United Kingdom, Insure 121 provides an online guide for car, home and travel insurance quotes. It's a very useful tool for those living in the UK. Shame we don't have such in Malaysia, unless I am not aware of it.

This is a sponsored post and the risks highlighted are real.