fire insurance
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 Jun 3 2019, 03:10 PM
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#1
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Senior Member
3,790 posts Joined: Aug 2007   
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QUOTE(ilovemorgiana @ Jun 3 2019, 01:15 PM) can the bank actually 'force' you to buy the fire insurance, like legally? Wait this is new or existing loan?anyone know the related regulations in favor or against that? thx  Answer a bit differentleh... |
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Jun 4 2019, 12:08 PM
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#2
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Senior Member
3,790 posts Joined: Aug 2007
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QUOTE(ilovemorgiana @ Jun 4 2019, 11:19 AM) thanks for the info. i just being lazy Existing loan somemore. Haha... Your building fire insurance premium purchased by JMB probably cost half of that if the bank pirchase on your behalf, just becoz you didnt furnish them a piece of paper. On average and depending on sq feet, building, bank and insurer, the premium for fire insurance can cost between rm 50p to 1k. On top of that, you still have to pay ur JMB for the fire insurance they purchased becoz its mandatory under SMA. It will be charged to your maintenance account. Laziness it gonna cost u shit loads. |
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