Protecting the Home

Property ownership for each individual moment is between ideal conditions after having a career and some other assets including cars.

Such mentality also belonged to the younger generation of new work not only on factors desire to own a property itself, but because ownership wanted in advance of rising prices soaring.
Of course they also want to own a home with the best investment.

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However , do not forget the importance of insurance coverage because it is an important element as well as the ability to commit to a monthly loan including the policy premium . According to the CEO of Takaful Ikhlas Sdn Bhd (Takaful Ikhlas ) Ab Latiff Abu Bakar , each year the department received premiums of about RM100 million of public employees and it includes housing policies Clustered Housing Protection Scheme .

He said it is the best policy than individual schemes which charge a premium, six to seven per cent higher than in clusters. He says it is the buyer's responsibility to know the type of house policies available in the market to get the best protection , especially for the long term ."The purpose of a policy on a home is to ensure that the property purchased is theirs if any untoward incident happens to the individuals concerned and also to prevent the load on the receiving bail , " he said.

Ab Latiff said the buyer actually has the right to choose their policies manufacturer and is not bound by the decision of the bank financiers because that way they will have home protection with high satisfaction rate when subscribed to understand the product .
Takaful products appears to have advantages over conventional submitting premium rebates in several situations , including when an individual has a good payment record until the end of the period of coverage and payment completed ahead of the deadline." Conventional policy does not provide for payment of the premium return early and do not have a rebate returns on record ," he said .
Looking at this situation what is important is not only the right buyer and the type of coverage , but persistency own the asset protection against fire and natural disasters such as floods .
" Many policyholders who did not renew funding expires protection policies by buying premium and after the occurrence of untoward incidents them back to the insurance company , " he said.