Fire Takaful
Protect your property and inventory from fire-related incidents.
While there’s plenty that we can do to prevent the unfortunate event of a fire, fire outbreaks can happen at the most unexpected of times. If it does happen, we’re here to make sure your finances aren’t burned, too.
Our Fire Takaful is designed to cover the losses or damages to your property and personal belongings that are caused by fire, lightning or explosion caused by gas used for domestic purposes.
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.
The fire takaful certificate covers losses or damages to your covered property i.e. your private residence 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 takaful.
You may extend your certificate to cover the following perils by giving additional contribution:
- 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
- Riot, strike and malicious damag
- Damage by falling trees or branches and objects
Note: You need to renew your fire takaful certificate every year.
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.
| SUM COVERED | RATING |
| Above RM 100 Million |
Special Rating PIAM* Technical Rating Committee will determine the special rating |
| RM 10 Million - RM 100 Million |
Self Rating Contribution rates are computed by Zurich using the self-rating structure provided by PIAM* |
| Below RM 10 Million |
Tariff Rating Contribution rates are as per Revised Fire Tariff (w.e.f. 1st July 2000) |
* Persatuan Insurans Am Malaysia
Note: Other charges include commissions paid to the insurance agent, a stamp duty of RM 10.00 and the Goods and Services Tax amounting to 6% of the contributions.
What is Houseowner Fire Takaful?
A houseowner fire takaful offers coverage for your home and personal belongings inside your home in the event of their loss or damage due to fire, explosion, flood, and more such perils that are listed in the takaful certificate.
What is not covered under House Fire Takaful?
The following options are not covered under the standard house fire takaful certificate:
- Earthquake, volcanic eruption and other convulsion of nature
- Typhoon, hurricane, tornado, cyclone or other atmospheric disturbance
- Subterranean Fire
- Burning of property by order of any public authority
- Explosion other than domestic explosion
- Bush/lalang fire
- Theft
- Spontaneous combustion
- War, Terrorism, Nuclear and Radioactivity Risks
- All other exclusions as per the fire certificate.
- Any other events prohibited by Shariah principles.
However, you may make additional contribution to cover some of the above peril exclusions.
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.