Staying on landed for 20+ years paying insurance dont know for what

No loan attached and no whatever disaster happen nearby before (not Penang)

Kena masuk thief few times also cannot claim, you tell me what benefits

fire insurance

if caught in fire

u can rebuild just like before u move in

money too much is it, pay insurance but don't bother to read the policy to see what you are actually paying for?

the most general insurance policy that can be attached to real properties are fire insurance, that is the payout for the costs to rebuilt the property and what not but you need to comb through the policy to see how much is the max pay out and what was covered, not all insurance policies are equal.

there are insurance for in the event of theft and burglary whereby the insurance will pay you, even this have many tiers, some you need to pay a slightly more expensive premium but lesser burden to proof and some you pay slightly less premium but you need have the burden to proof.