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Home insurance, Newbie need advice
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TSGadgetzKL
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 May 23 2017, 08:16 AM, updated 9y ago
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Getting Started
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Hi All,
Im buying a house and now are in the middle of process.
I'm going for MRTA with Etiqa which already paid and loan are out from bank.
I just received an email from Etiqa asking me to pay RM450+ for a annual housing insurance for sum of insured about 400k.
My question is, is it the price normal as i found some online calculator shows me only cost about 250-350?
If, i would like to get insured by other insurance company is it possible?
Hope someone can guide me on this.
Thanks
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TSGadgetzKL
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May 23 2017, 08:39 AM
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Getting Started
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QUOTE(OrangeGamer @ May 23 2017, 08:24 AM) didn't you find out about the MRTA premium with your loan agent before confirming? for my case i opted for coverage of 10 years covering an amount of RM220k(the amount I loan).. the total premium is only about RM2.4k.. that's For my case, i yet to received my MRTA policy,just got the MRTA amount deducted from my account. |
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TSGadgetzKL
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May 23 2017, 08:54 AM
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Getting Started
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QUOTE(WahBiang @ May 23 2017, 08:53 AM) Are you referring to houseowners insurance or MRTA? House owner insurance |
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TSGadgetzKL
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May 23 2017, 09:20 AM
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Getting Started
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QUOTE(Win Win Inspiration @ May 23 2017, 09:12 AM) If the Condo Management Office is purchasing the Housing Insurance on behalf of its tenants, you will be billed the insurance premium together with your maintenance bills. Hope above helps.  Thanks guys, sorry my bad to not mentioned in my post. My property is a landed double storey. |
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TSGadgetzKL
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May 24 2017, 08:15 AM
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Getting Started
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QUOTE(williamjr @ May 23 2017, 03:45 PM) I think it's around that amount. I got quoted by AIA for:- Sum insured: 350k Tenure 20 yrs Total premium: 7.8k = 390/yr The premium/yr is lower if the coverage is for lesser duration Thanks all for the advice |
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