Zurich Essential Fire Insurance (Detariff)
Cover the loss or damage to your property caused by fire, lightning and explosion.
Important Notice on Fire Takaful Cost Calculation
Under-insured / under-coverage for fire of your property can lead to inadequate compensation due to the application of average clause. To get a quick insurance / Takaful coverage estimate for your property (ie. residential properties, simple shop houses and shop offices), you may use the Building Cost Calculator, which is jointly developed by Persatuan Insurans Am Malaysia (PIAM) and the Malaysia Takaful Association (MTA). Do note that the calculator provides an estimate of the rebuilding cost of your property for evaluation purposes only, and does not guarantee the actual amount that the we may agree to cover your property for.
Fire (Detariff) Coverage and Contribution rates
The Zurich Essential Fire Insurance is a detariffed product which covers losses or damages to your insured property i.e your building and its contents; that are caused by fire, lightning or explosion of domestic boilers and gas used for domestic purposes only during the period of insurance.
You may extend your policy to cover the following perils by paying additional premium:
- Aircraft damage
- Earthquake and volcanic eruption
- Storm, tempest
- Flood
- Explosion
- Impact damage
- Bursting or overflowing of water tanks, apparatus or pipes
- Bush / lalang fire
- Subsidence and landslip
- Spontaneous combustion
- Sprinkler leakage
- Goods and stock undergoing any heating or drying process
- Riot, strike and malicious damage
- Damage by falling trees or branches and objects
- First loss terrorism/sabotage
Note: You need to renew your fire insurance policy every year.
| SUM INSURED | RATING |
| Above RM 100 million | Special Rating PIAM* Technical Rating Committee will determine the special rating |
| RM 10 million - RM 100 million | Self Rating The detariffed premium rates are computed by Zurich using the self-rating structure provided by PIAM* |
| Below RM 10 million | De-tariff Rating The detariffed premium rates are as per Revised Fire Tariff (w.e.f. March 2013) |
* Persatuan Insurans Am Malaysia
Note: Other charges include commissions paid to the insurance agent, tax or other government levies and a stamp duty of RM 10.00.
The coverage is based on the cost of restoring the damaged property or replacing it with a property that is similar in condition to that of the time when the loss occurred.
For Your Property
The current cost of reconstructing the building back to its original form, minus deduction justified for betterment.
Betterment is an addition/alteration to your property which results in it being in a better condition than before the fire incident, for e.g. remodelling the kitchen with cabinets that are more expensive than the original cabinets.
For Your Personal Belongings
The cost of replacing a new item, minus deduction for depreciation of value due to wear and tear. Your personal belongings include appliances, furniture and clothing.
Locate Your Nearest Zurich Branch
The benefit(s) payable under this product is (are) protected by PIDM up to limits. For more information, please refer to PIDM's Takaful and Insurance Benefits Protection System brochure on Zurich General Insurance Malaysia's website or PIDM's website.