How to Buy the Right Home Insurance and Typhoon Damage?

How to buy the right home insurance and typhoon damage?



How to buy the right home insurance and typhoon damage?

Typhoon Hagibis – which means “speed” in the Philippine language, Tagalog – was the most powerful typhoon to hit Japan in six decades. In fact due to the fast climate change over a few decades, mainly, clear the jungle for human activities. Human greed like the planting of oil palm in Indonesia and the cattle rearing of Brazil and Argentina has deteriorated worsens the Mother Nature. The typhoon occurs too frequently with more severe impact damage to property. Now, the question, do you have the right home insurance and typhoon damage? Have you examined closely the right home insurance for typhoon damage for your own policy?.


How to Buy the Right Home Insurance and Typhoon Damage?

Malaysia by nature typhoon of its location, we never or seldom hear about the typhoon damage to our home. But, lately, the Mini-tornado strikes Kedah villages; 20 houses damaged. Thus, we must on our toe, and not sit on laurel anymore. 
Generally speaking, most of us talk about home insurance; what we mean is the basic fire or house owner insurance. Equally important is the home content policy. Usually, we forget about the home content coverage, we either ignored it or have no knowledge about it. 

Buy the Right Home Insurance and Typhoon Damage?

2 Types of Home Insurance cover typhoon damage

Property insurance – Designed to insure the physical components of a building/domestic e.g., walls, roof, flooring, and so on. During the signing of a loan offered by the bank, we have to sign this form of coverage in order to secure a loan. The sum insured depends on the quantum of the loan amount.

Homeowners insurance – It covers the contents of a home e.g., furniture and fitting, electrical appliances, personal objects, and all the home contents items
Uniquely, both the plan will cover storm or typhoon damage. Of course, like some other kind of insurance, there is differencing coverage between these two insurances. Thus, it’s far especially important to examine closely or understanding the contents of the policy coverage. 

How do I know to buy the right home insurance and typhoon damage?


How to Buy the Right Home Insurance and Typhoon Damage?

There are a couple of ways you can discover whether the policy covers your property. Either the house itself or its contents damaged by the typhoon or storm tempest that strikes the hazardous area.

First Way buy the right home insurance and typhoon damage

Firstly, the detailed schedule you need to fully grasp the actual meaning specified in the policy. This content highlights the detailed coverage in the event of loss and damage to your property or content. Furthermore, any additional excess or deductible with the amount of which the insured has to pay in the event of a claim. 

Not only had the schedule closely examined by yourself, but also not to forget the Exclusion Clause. It listed down all the items the insurer is not liable during the loss or damage. If you are feeling that you had to take for a ride by the underwriter, you can renegotiable directly or via an intermediary. Of course, the company would very happy to oblige the request provided you are willing to pay an extra premium to delete the exclusion item. But nevertheless, the removal is done by the improvement of the house. For instance, use concrete slab mixed with steel for the piling the foundation during construction to avoid the typhoon uprooted the whole building. 

How to Buy the Right Home Insurance and Typhoon Damage?
The second way to buy the right home insurance and  typhoon damage

The second way to discover whether or not your coverage covers typhoon damage to your property and contents is to liaise with both the insurer and dealer directly. For example, use a reputable broker to customize drafting the policy until your satisfaction.

In the final analysis in regard to the policy understanding, the main important factor is to ensure you had the coverage for typhoon damage to property and contents. After all, it is pointless to cry over the split milk after realize you do not have the cover when the typhoon or storm strikes your nest.

5 points for Typhoon damage for right home insurance


How to Buy the Right Home Insurance and Typhoon Damage?

1. Be aware of your insurance limits
The maximum domestic insurance coverage will cover damage caused by typhoons. As a matter of fact, the insurer will not entertain all your claim submission, it implies that the company pays the entire claim. All insurance plans sold include a set of claims limits.

For example, if your house insurance with a sum insured of US$ 2 million in overall damage. It the typhoon strikes and damages the house amounting to US$2.5 million. The balance of half a million shall be borne by you as if you are acting as your own insurer.

Likewise, it is the same for the coverage of your home contents. There are typically express limits stated in regards to loss from a natural disaster. In light of the technical jargon wording in the insurance policy, it is best to read and analyze all the policy wording that is a crucial factor in the event of a claim. By the same token, pay close attention to the wording of the policy. As some coverage include a separate restriction associated with natural disaster and insurance claim limit.

2. Certain Losses do not cover by typhoons damages

A large quantity of home insurance especially those built in the flood-prone zone with routine flooding. Usually, the insurer will not grant you coverage on the occasion of a flood. Similarly, if you’ve built a house in a flood-susceptible place and coupled with a typhoon causes flooding, no coverage for your home. In most cases, the insurer will bear in mind these claims on a case-by means of-case basis. 

Furthermore, the landslip is an exclusion clause. The typhoon often accompanied by heavy rainfall within a span of time. Thus, with water gushing down in volume, there is a greater risk of muddy landslip along the steep slope area. If that occurs the landslip damaged your house and contents, the insurer will deny your claim. 

How to Buy the Right Home Insurance and Typhoon Damage?

3. Contents in outdoor will not cover 

In homeowner insurance, all the contents stored outdoor will exclude. For instance, if you store the BBQ set or washing machine on the deck, porch, rooftop patio. The typhoon blew away all the contents, your loss will not entertain by the insurer. 
Likewise, it is also really worth noting here that some property insurance guidelines exclude outside fixtures too. As with everything else here, it is advisable to review your policy files to make certain you realize the exclusion.

4. The insurer, not cover your negligence damages or loss

All in all, your private home has exclusion states that if the damage is resulting from, or attributed due negligence then any claims. If you let your windows open throughout a T10 storm and there may be critical water damage to property or contents, the insurer shall deny your claim. 

How to buy the right home insurance and typhoon damage?

5. Other home insurance alternatives

As stated above you can combine with various types of home policies to make up home insurance. If you are intending to buy a policy to protect your home and content, please be sure to contact us in drafting a policy to your heart content.

How to Buy the Right Home Insurance and Typhoon Damage?

Why & How to Retire Young and Rich with Passive Income

Why & How to Retire Young and Rich with Passive Income

 Why & How to Retire Young and Rich with Passive Income? You wonder about the hectic puzzle every night before to go to bed. Day in and Day out, your mind is obsessive with such a dilemma. Why Can’t you retire at a younger age with passive income? Why? You ponder. Retire young with no passive income occupied your mind.
The alarm clock strikes six.
“Hello, Good Morning, Mr. Broke, pleases gets up and ready to work.” It is the sound of the iPhone.
“Go to hell.” Mr. Broke’s tantrum throws the pillow on the iPhone. He continues his slumber. 
An hour later, “OOOO No, it is seven clocks” his mind is now thinking another dress down by his superior Miss Complaints.

Retire Young and Rich with Passive Income

Why & How to Retire Young and Rich with Passive Income?

Thinking of the massive traffic jam, finally, he consumes a pain killer along with his hot beverage with pieces of empty bread that he could afford.
“Good Morning, Mr. Broke, you are 15 minutes late, so, I will inform the accounting department to deduct you a salary for 15 minutes and also you have no incentive for this month, is that all right with you.” Miss Complaints said sarcastically to him with her eyebrow rolling up.

A spectacle “unwanted” confirmed spinster; unfortunately, he is a subordinate of her. To summarize her “Living in the hell and sleeping with a slur without any appreciation” In fact, it is the slogan tailored made for her amongst their colleagues.
Although Mr. Broke graduated from one of the top Ivy University of the world, he failed his first round of interviews at Google. Why Google? As a matter of fact, he learned Google pay US$ 160 000.00 per year for a fresher. Now, it is a pipe dream for him.

Why & How to Retire Young and Rich with Passive Income

Work from Home for Passive Income and retire young

Why & How to Retire Young and Rich with Passive Income

Indeed, it is a privilege to work from home with flexible hours. Traffic jam is an alien word to Mr. Broke. Would it be real in the digital era? Of course, you can, provide to take the initiative to leap out from your comfort zone. In like manner, you could not find Mr. Jack Ma if he did not quit his English lecturer job in the China varsity to learn a new skill. Thus, finally, you could discard your office attire to the needy. In addition, you clad in pajamas, in no nobody business. Would it nice?

How to Retire Young and Rich with Passive Income

Digital Era to Retire Young and Rich

Why & How to Retire Young and Rich with Passive Income?

Generally speaking, Mr. Broke often use his handphone for 5-6 hours during leisure. Chat with a cyber friend or gaming without any pay. 
“Mr. Broke, we par your handphone as you have yet to settle your last 3 months bill. Please settle all the bills before we could activate your account.” It was a voice mail from his mobile internet provider.

In the digital era, you chat with a buddy for business dealing. So, you can meet up with your friend for a cup of coffee. Genuine business dealing, no bull shit around. After all, all business transactions use to click from the handphone. Is that too hard? By the end, check your online banking.
“Wow, I had 5 digits of money in my bank account”. Mr. Broke bites his own finger to ensure it is not a dream. 

Use other people time to earn passive Income

Look at that smart online e entrepreneur, they are not born with a silver spoon nor have a degree, yet their business empire could match the GDP some middle-income nations. Mr. Broke ponder, “How and why” But. The fact and figures don’t lie. Again, each has 24 hours a day, regardless and no matter how hard we work. You cannot be as rich as your employer. Your employer leverage on yours and your colleague’s time to earn for him, does it sound familiar to you? In fact, you are earning an active income, no work, no pay. 

Mr. Broke, “Miss Complaints, can I take 6 months French leave with full pay”
“Sure can, Mr. Broke, please proceed to the accounting department take 2 months’ salary.” Mr. Broke has indeed bought his one-way ticket.
Without a constant flow of passive income, he could hardly survive the third month if he did not has a 6 months’ salary saving. 
Mr. Broke said to himself, “I can skip one meal, but I cannot survive a single hour without my smartphone by my side.” Is it not best to find a way to earn a reoccurring passive income with your smartphone.? Time is Never or Now. 

Zero Interest Loan

Is your company giving you a free interest loan on a house and car? Of course, some conglomerate or government-linked company gives fringe benefit to their CEO and senior management. What is your chance? Again, I am not rubbing salt to the wound, likewise, it is like climbing a pyramid bare hand without aided tool. Apparently it is not possible. In the same manner, if you are working for your parent or relative, It a totally different scenario. 
Having said that, it depends on what company you are working with. The Kuok Company does give car loans for a salesperson with zero interest. Is Mr. Broke willing to do sales or climbing the social ladder to become a CEO? Likewise, it is again built a castle in the air, isn’t?


Why & How to Retire Young and Rich with Passive Income

Does your present company recognize your work hard? Of course, yes. but, in a different manner.
“Mr. Broke, you have done a good job by saving the company from tarnished the reputation by other competitors, here is your token of appreciation. The company founder cum owner with Miss Complaints standing by his side gives out the award in front of the management.
“What a token, a merely simple piece of certificate incurved with the name of the recipient and the company logo. Mr. Broke uttered.

Why & How to Retire Young and Rich with Passive Income

Oversea holiday with full paid lodging and boarding plus the advertisement flashed across the daily newspaper. Does it sound like an Aladdin with the magic lamp, a folk tale? Of course, it is not. Later on, it follows by a gala dinner in a 5-star posh hotel with pretty sexy dance and song playing till the wee hour.
Only carry along some simple clothing, off the jet travel you to another dream destination holiday. With endless exotic and delicious meal and helpful tour guide leads your way to explore the shopping. Pamper a child, would you encore it.? 

Endless Passive Income

Most of us toil hard for the whole life, a golden handshake from the employer, and then go for your retirement. Don’t expect to pay you a passive income until you die, unless you are a government servant, that is another story. 
With a shaken knee and walk like a drunken man wonder when his next meal, seeks another job. What job can you do? You sell your youth time to your employer. In the end, what do you get? Sadly to say, Nothing. Finally, thick skin powder like an old hag, you ask for a security guard post with your previous boss. What dignity you have? 

But not to worry too much, it is the time to earn the passive income the right way with so many tunnels. Let build your stream of endless passive income in the digital world. It is never too late, but only Never or Now.

Passive Income with diversified model 

Why & How to Retire Young and Rich with Passive Income

How to Retire Young and Rich with Passive Income

Rome was not built in a day; likewise, it is the same to build your passive income in so many various ways. Having said that, there is no fast and rigid rule, we start from the stretch. Build a solid foundation first like the Daixing Beijing international airport. A barren dusty land turns into a new 7 wonder of the world today.

There are several rich getting streamless of passive income like turn on the tap. Instead of flow out water, but it is money.

Call for Action.

In the end, to sum up, any dreams or ideas in mind but not putting into action, it is just like a pipe dream. Wake up or leap out our comfort zone, Be proactive with your mind, and not like a sluggish river meandering along with its basin. Call me at + 60 013-7839857. It is never or now. Don’t be like those old folk in the home. When I was young, I suppose…..” Does this storyline sound familiar to you when you have a drink in the café? Finally, don’t be another statistic added to the silly old folk tale. It is never too late to retire young and rich with passive income.

To sum up, Action speaks louder than the word. Thus, there is a saying “No venture, no gain.” The successful journey all starts with a small step. Similarly, it applies to anyone.