Maybank has announced that it has made houseowner and householder insurance and takaful plans available on the MAE app. Of the two, the former is pretty self explanatory. On the other hand, the latter is for renters and covers the furniture they have bought themselves, as well as their other possessions.
With that being said, what does Maybank cover for the former? The bank says that coverage includes the main building, as well as permanent fixtures and fittings. Where applicable, it will also cover storage areas like garages, as well as some bits of the exterior like gates and fences.
For both categories, Maybank says that it covers for losses caused by fires, floods and natural disasters, as well as theft and impact by vehicles or animals. Additional add-ons for these will add coverage for riots and strikes,, landslides, and even unoccupancy. Though that last one is obviously more for houseowners who are renting their property out.
All that being said, we don’t yet see the option to apply for these from the MAE app. Though worth noting that the app does have a Home2u section where you can register your property, be it for your own stay or investment purposes. You can find out more by hitting the links below
(Source: Maybank [1], [2])
