Another infos regarding fire insurance sharing

As our property value increasing significantly during the decade especially in klang valley.But most of our
condos fire insurance covers remained the same from the starting when we are occupied it

So what I mean the fire insurance policy you have were underinsured.

Take my condo for example,our condo have triple the values.

So we based on the valuation suggestion from the insurance brokerage house, we are increasing our insured amount 10% annually to meet the market value according.

The fire insurance are divided among the oweners,
Management office will rebilling to individuals according so not extra cost for it.

We chosen insurance brokerage house not engaged the insurance company directly, we can get more quotantion among them which the brokerage proposed.Extra benefits maybe the premium much lower and the claims rate & processes definitely fast and higher.