The good news is that the world may not be as steaming hot as the last two years, considered the warmest in recorded history.
However, a British Broadcasting Corp. (BBC) report indicated that 2021 is still expected to rank among the six warmest since 2016.
As the country enters another scorching year, the tendency to overload power lines due to prolonged use of appliances like air-conditioners, electric fans, computers and water pumps increases the probability of fires.
As more people move closer to their places of work or study, especially during the Coronavirus disease 2019 (Covid19) community quarantines, preparations for risks brought about by climate change and the pandemic becomes more important.
Insurance offers protection from the risk of fire occurrences through the fire insurance policy. However, it is a necessity for entities and individuals to have protection from the various risks in the new normal that the effects of the pandemic and climate change brings.
Aside from fire insurance, Malayan Insurance raises the bar in protection by offering Renter’s Protect, a packaged protection product focused on the tenant and their belongings, when the unexpected occur.
Under Renter’s Protect, apartment dwellers, and lessees of shared space like dormitories or dormitels, as well as condominium unit renters, are provided insurance coverage of up to P1 million for their belongings and themselves as the package includes personal accident (PA) coverage, fire cash assistance of up to P100,000, comprehensive personal liability (CPL) for damages done in common areas or to third parties, as well as burglary and housebreaking assistance, to policyholders.
The Renter’s Protect product is also made available in either a period of three months under the short-term premium plan, six months for mid-term, and 12 months or one year under the annual-term premium plan to accommodate the varying needs of customers.
Check out Malayan Insurance’s website at www.malayan.com for more information on Renter’s Protect.
