Property Building Insurance, Strata Title Property Insurance, Malaysia Strata Title Building Insurance, Malaysia Strata Title Fire Insurance, Malaysia Strata Title JMB Liability Insurance

jmbinsurance-malaysiajmbinsuranceorganisation

Property Building Insurance, Strata Title Property Insurance,
Malaysia Strata Title Building Insurance, Malaysia Strata Title Fire Insurance, Malaysia Strata Title JMB Liability Insurance
Hotline +603-92863323, +6011-12239838 Whatsapp

Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title and JMB Insurance Risk Management Advisory Organization
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumour, Malaysia.
(O) +603-9286 3323
(E) jmbimcare@jmbinsurance.com.my
(W) www.jmbinsurance.com.my
(FB) www.facebook.com/jmbinsurance

Exclusively Designed for JMB’s or MC only
(Joint Management Body or Management Corporation),
Strata Title Property Insurance and Property Management Liability Insurance

Arranged by
Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title Insurance and JMB Liability Insurance Risk Management Advisory Organization

Strata Title Property Insurance and Property Management Liability Insurance

Strata Title Risks Solution:

Products Offered:
Fire Insurance
Fire Consequential Loss Insurance
All Risk Insurance
Crime Insurance ( Burglary & Money Insurance)
Plate Glass Insurance
Machinery Breakdown Insurance
Public Liability Insurance
Property Terrorism
Error & Omission or Professional Indemnity for Joint Management Body (JMB) or Management Corporation (MC).

Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title and JMB Insurance Risk Management Advisory Organization
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumpur, Malaysia.
(O) +603-9286 3323
(F) +603-9282 3232
(E) jmbimcare@jmbinsurance.com.my
(W) www.jmbinsurance.com.my
(FB) www.facebook.com/jmbinsurance

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#stratatitleinsurance
#propertymanagementinsurance
#jmbinsurance
#malaysiajmbinsurance
#managementcorporationinsurance
#stratatitlebuildinginsurance

Malaysia Strata Insurance advice by Malaysia JMB Insurance organisation (JMBIM)

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Malaysia JMB Insurance Organization (JMBIM)

Your Trusted Malaysia Strata Insurance and JMB Insurance Risk Management Advisory Organization

Head Office

158-3-7, Blok 158, Kompleks Maluri,

Jalan Jejaka, Taman Maluri, Cheras,

55100 Kuala Lumour, Malaysia.

(O) +603-9286 3323

(F) +603-9282 3232

(E) jmbimcare@jmbinsurance.com.my

(W) www.jmbinsurance.com.my

(FB) www.facebook.com/jmbinsurance

Exclusively Designed for JMB’s or MC only

(Joint Management Body or Management Corporation),

Strata Title Property Insurance and Property Management Liability Insurance

Arranged by

Malaysia JMB Insurance Organization (JMBIM)

Your Trusted Malaysia Strata Insurance and JMB Liability Insurance Risk Management Advisory Organization

Strata Title Property Insurance and Property Management Liability Insurance

The Building and Common Property (Maintenance and Management) Act 2007(” The Act”) coming into force on 12 April 2007 in the Peninsular Malaysia.

The powers and duties of the JMB are enumerated by Section 8 of the Act which stated

8. (1)(c) to insure and keep insured the building to the replacement value of the building against fire and such other risks as may be determined by the Body;

8. (1)(d) to apply insurance moneys received by the Body in respect of damage to the building for the rebuilding and reinstatement of that building;

8. (3) The Body shall be deemed—

(a) for the purposes of effecting any insurance under paragraph (1)(c), to have an insurable interest in the building equal to its replacement value or any value as determined by the Body; and

(b) for the purposes of effecting any insurance under paragraph (1)(d), to have an insurable interest in the subject matter of the insurance.

Interpretation:

 

JMB Insurance FB Wall Post 03

The Joint Management Body must insured the following insurance:

1. Fire & All perils Insurance (Min perils Subsidence & Landslip, RSMD & BOW)

Building – For all the units that is individually own including all the common property.

In this case when the purchaser have a Loan with the Bank, the purchaser need not buy an additional insurance and can use the individual “Certificate of Insurance” issued from the Master policy.

It should include the following clauses:-

Reinstatement Value (valuation report by an accredited quantity surveyor at least once in 5 years)

Removal of Debris

Architect & surveyor Fee

Rent Clause

2. Public Liability Insurance

Legal liability to pay compensation for accidental bodily injury or accidental damage to the property to the Visitors for using the common property of the Building.

Under Section 4 Establishment of a Joint Management Body

(2) The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.

(3) The Body may sue and be sued in its name.

(4) The Body shall comprise the developer and the purchasers.

Interpretation:

As the JMB is a body corporate the volunteered committee members can now be sued by the purchasers for Breach of Duty. An E&O or a PL policy to protected the personal liability of the individual committee.

3. Error & Ommission or Professional Liability Insurance

The Insurer will pay on behalf of any Insured all Damages resulting from any Claim for any Breach of Duty of the Insured.

N/B The policy should be placed immediately after the formation of the JMB.

Strata Title Risks Solution:

Products Offered:

Fire Insurance

Fire Consequential Loss Insurance

All Risk Insurance

Crime Insurance ( Burglary & Money Insurance)

Plate Glass Insurance

Machinery Breakdown Insurance

Public Liability Insurance

Property Terrorism

Error & Omission or Professional Indemnity for Joint Management Body (JMB) or Management Corporation (MC).

Malaysia Insurers have offer Strata Insurance, please refer as below listings

AIA Malaysia Strata Insurance

Underwritten By

AIA Bhd

AIG Malaysia Strata Insurance

Underwritten By

AIG Malaysia Insurance Berhad

AXA Malaysia Strata Insurance

Underwritten By

AXA Affin General Insurance Berhad

Allianz Malaysia Strata Insurance

Underwritten By

Allianz General Insurance Company (Malaysia) Berhad

AmGeneral Malaysia Strata Insurance

Underwritten By

AmGeneral Insurance Berhad

Berjaya Sompo Strata Insurance

Underwritten By

Berjaya Sompo Insurance Berhad

Etiqa Strata Insurance

Underwritten By

Etiqa Insurance Berhad

Chubb Malaysia Strata Insurance

Underwritten By

Chubb Insurance Malaysia Berhad

Liberty Malaysia Strata Insurance

Underwritten By

Liberty Insurance Berhad

Lonpac Strata Insurance

Underwritten By

Lonpac Insurance Berhad

MPI General Strata Insurance

Underwritten By

MPI General Insurans Berhad

MSIG Malaysia Strata Insurance

Underwritten By

MSIG Insurance (Malaysia) Bhd

The Pacific Strata Insurance

Underwritten By

The Pacific Insurance Berhad

QBE Strata Insurance

Underwritten By

QBE Insurance (Malaysia) Berhad

RHB Strata Insurance

Underwritten By

RHB Insurance Berhad

Tokio Marine Malaysia Strata Insurance

Underwritten By

Tokio Marine Insurans (Malaysia) Berhad

Zurich Malaysia Strata Insurance

Underwritten By

Zurich Insurance Malaysia Berhad

JMB Insurance FB Wall Post 02

Malaysia JMB Insurance Organization (JMBIM)

Your Trusted Malaysia Strata Insurance and JMB Insurance Risk Management Advisory Organization

Head Office

158-3-7, Blok 158, Kompleks Maluri,

Jalan Jejaka, Taman Maluri, Cheras,

55100 Kuala Lumour, Malaysia.

(O) +603-9286 3323

(F) +603-9282 3232

(E) jmbimcare@jmbinsurance.com.my

(W) www.jmbinsurance.com.my

(FB) www.facebook.com/jmbinsurance

Strata Title JMB Insurance Kuala Lumpur Directory

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Strata Title JMB Insurance Kuala Lumpur Directory

ACPG Management Sdn Bhd

Member of Malaysia JMB Insurance Organisation (JMBIM)

Head Office

158-3-7, Blok 158, Kompleks Maluri,

Jalan Jejaka, Taman Maluri, Cheras,

55100 Kuala Lumpur, Malaysia.

http://www.acpgconsultant.com

+603-92863323

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AIG Strata Title JMB Insurance Kuala Lumpur Malaysia

AIG Strata Title JMB Insurance Kuala Lumpur

AIG Strata Title JMB Insurance Selangor

AIG Strata Title JMB Insurance Cheras

AIG Strata Title JMB Insurance Ampang

AIG Strata Title JMB Insurance Kampung Pandan

AIG Strata Title JMB Insurance Pandan Jaya

AIG Strata Title JMB Insurance Pandan Perdana

AIG Strata Title JMB Insurance Pandan Indah

AIG Strata Title JMB Insurance Taman Cheras

AIG Strata Title JMB Insurance Taman Pertama Cheras

AIG Strata Title JMB Insurance Taman Segar Cheras

AIG Strata Title JMB Insurance Taman Midah

AIG Strata Title JMB Insurance Bandar Tun Razak

AIG Strata Title JMB Insurance Taman Billion

AIG Strata Title JMB Insurance Taman Mewah

AIG Strata Title JMB Insurance Balakong

AIG Strata Title JMB Insurance Bangsar

AIG Strata Title JMB Insurance Pantai Dalam

AIG Strata Title JMB Insurance Jalan Kelang Lama

AIG Strata Title JMB Insurance Kuchai Lama

AIG Strata Title JMB Insurance Sungai Besi

AIG Strata Title JMB Insurance Puchong

AIG Strata Title JMB Insurance Shah Alam

AIG Strata Title JMB Insurance PJ

AIG Strata Title JMB Insurance Petaling Jaya

AIG Strata Title JMB Insurance Seri Petaling

AIG Strata Title JMB Insurance Desa Petaling

AIG Strata Title JMB Insurance Subang

AIG Strata Title JMB Insurance USJ

AIG Strata Title JMB Insurance Damansara

AIG Strata Title JMB Insurance Kota Damansara

AIG Strata Title JMB Insurance Kepong

AIG Strata Title JMB Insurance Sungai Buluh

AIG Strata Title JMB Insurance Rawang

AIG Strata Title JMB Insurance Jalan Ipoh

AIG Strata Title JMB Insurance Selayang

AIG Strata Title JMB Insurance Gombak

AIG Strata Title JMB Insurance Wangsa Maju

AIG Strata Title JMB Insurance Setapak

AIG Strata Title JMB Insurance Kajang

AIG Strata Title JMB Insurance Sungai Long

AIG Strata Title JMB Insurance Mahkota Cheras

AIG Strata Title JMB Insurance Seri Kembangan

AIG Strata Title JMB Insurance Kajang

AIG Strata Title JMB Insurance KL

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AXA Strata Title JMB Insurance Kuala Lumpur Malaysia

AXA Strata Title JMB Insurance Kuala Lumpur

AXA Strata Title JMB Insurance Selangor

AXA Strata Title JMB Insurance Cheras

AXA Strata Title JMB Insurance Ampang

AXA Strata Title JMB Insurance Kampung Pandan

AXA Strata Title JMB Insurance Pandan Jaya

AXA Strata Title JMB Insurance Pandan Perdana

AXA Strata Title JMB Insurance Pandan Indah

AXA Strata Title JMB Insurance Taman Cheras

AXA Strata Title JMB Insurance Taman Pertama Cheras

AXA Strata Title JMB Insurance Taman Segar Cheras

AXA Strata Title JMB Insurance Taman Midah

AXA Strata Title JMB Insurance Bandar Tun Razak

AXA Strata Title JMB Insurance Taman Billion

AXA Strata Title JMB Insurance Taman Mewah

AXA Strata Title JMB Insurance Balakong

AXA Strata Title JMB Insurance Bangsar

AXA Strata Title JMB Insurance Pantai Dalam

AXA Strata Title JMB Insurance Jalan Kelang Lama

AXA Strata Title JMB Insurance Kuchai Lama

AXA Strata Title JMB Insurance Sungai Besi

AXA Strata Title JMB Insurance Puchong

AXA Strata Title JMB Insurance Shah Alam

AXA Strata Title JMB Insurance PJ

AXA Strata Title JMB Insurance Petaling Jaya

AXA Strata Title JMB Insurance Seri Petaling

AXA Strata Title JMB Insurance Desa Petaling

AXA Strata Title JMB Insurance Subang

AXA Strata Title JMB Insurance USJ

AXA Strata Title JMB Insurance Damansara

AXA Strata Title JMB Insurance Kota Damansara

AXA Strata Title JMB Insurance Kepong

AXA Strata Title JMB Insurance Sungai Buluh

AXA Strata Title JMB Insurance Rawang

AXA Strata Title JMB Insurance Jalan Ipoh

AXA Strata Title JMB Insurance Selayang

AXA Strata Title JMB Insurance Gombak

AXA Strata Title JMB Insurance Wangsa Maju

AXA Strata Title JMB Insurance Setapak

AXA Strata Title JMB Insurance Kajang

AXA Strata Title JMB Insurance Sungai Long

AXA Strata Title JMB Insurance Mahkota Cheras

AXA Strata Title JMB Insurance Seri Kembangan

AXA Strata Title JMB Insurance Kajang

AXA Strata Title JMB Insurance KL

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Allianz Strata Title JMB Insurance Kuala Lumpur Malaysia

Allianz Strata Title JMB Insurance Kuala Lumpur

Allianz Strata Title JMB Insurance Selangor

Allianz Strata Title JMB Insurance Cheras

Allianz Strata Title JMB Insurance Ampang

Allianz Strata Title JMB Insurance Kampung Pandan

Allianz Strata Title JMB Insurance Pandan Jaya

Allianz Strata Title JMB Insurance Pandan Perdana

Allianz Strata Title JMB Insurance Pandan Indah

Allianz Strata Title JMB Insurance Taman Cheras

Allianz Strata Title JMB Insurance Taman Pertama Cheras

Allianz Strata Title JMB Insurance Taman Segar Cheras

Allianz Strata Title JMB Insurance Taman Midah

Allianz Strata Title JMB Insurance Bandar Tun Razak

Allianz Strata Title JMB Insurance Taman Billion

Allianz Strata Title JMB Insurance Taman Mewah

Allianz Strata Title JMB Insurance Balakong

Allianz Strata Title JMB Insurance Bangsar

Allianz Strata Title JMB Insurance Pantai Dalam

Allianz Strata Title JMB Insurance Jalan Kelang Lama

Allianz Strata Title JMB Insurance Kuchai Lama

Allianz Strata Title JMB Insurance Sungai Besi

Allianz Strata Title JMB Insurance Puchong

Allianz Strata Title JMB Insurance Shah Alam

Allianz Strata Title JMB Insurance PJ

Allianz Strata Title JMB Insurance Petaling Jaya

Allianz Strata Title JMB Insurance Seri Petaling

Allianz Strata Title JMB Insurance Desa Petaling

Allianz Strata Title JMB Insurance Subang

Allianz Strata Title JMB Insurance USJ

Allianz Strata Title JMB Insurance Damansara

Allianz Strata Title JMB Insurance Kota Damansara

Allianz Strata Title JMB Insurance Kepong

Allianz Strata Title JMB Insurance Sungai Buluh

Allianz Strata Title JMB Insurance Rawang

Allianz Strata Title JMB Insurance Jalan Ipoh

Allianz Strata Title JMB Insurance Selayang

Allianz Strata Title JMB Insurance Gombak

Allianz Strata Title JMB Insurance Wangsa Maju

Allianz Strata Title JMB Insurance Setapak

Allianz Strata Title JMB Insurance Kajang

Allianz Strata Title JMB Insurance Sungai Long

Allianz Strata Title JMB Insurance Mahkota Cheras

Allianz Strata Title JMB Insurance Seri Kembangan

Allianz Strata Title JMB Insurance Kajang

Allianz Strata Title JMB Insurance KL

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MSIG Strata Title JMB Insurance Kuala Lumpur Malaysia

MSIG Strata Title JMB Insurance Kuala Lumpur

MSIG Strata Title JMB Insurance Selangor

MSIG Strata Title JMB Insurance Cheras

MSIG Strata Title JMB Insurance Ampang

MSIG Strata Title JMB Insurance Kampung Pandan

MSIG Strata Title JMB Insurance Pandan Jaya

MSIG Strata Title JMB Insurance Pandan Perdana

MSIG Strata Title JMB Insurance Pandan Indah

MSIG Strata Title JMB Insurance Taman Cheras

MSIG Strata Title JMB Insurance Taman Pertama Cheras

MSIG Strata Title JMB Insurance Taman Segar Cheras

MSIG Strata Title JMB Insurance Taman Midah

MSIG Strata Title JMB Insurance Bandar Tun Razak

MSIG Strata Title JMB Insurance Taman Billion

MSIG Strata Title JMB Insurance Taman Mewah

MSIG Strata Title JMB Insurance Balakong

MSIG Strata Title JMB Insurance Bangsar

MSIG Strata Title JMB Insurance Pantai Dalam

MSIG Strata Title JMB Insurance Jalan Kelang Lama

MSIG Strata Title JMB Insurance Kuchai Lama

MSIG Strata Title JMB Insurance Sungai Besi

MSIG Strata Title JMB Insurance Puchong

MSIG Strata Title JMB Insurance Shah Alam

MSIG Strata Title JMB Insurance PJ

MSIG Strata Title JMB Insurance Petaling Jaya

MSIG Strata Title JMB Insurance Seri Petaling

MSIG Strata Title JMB Insurance Desa Petaling

MSIG Strata Title JMB Insurance Subang

MSIG Strata Title JMB Insurance USJ

MSIG Strata Title JMB Insurance Damansara

MSIG Strata Title JMB Insurance Kota Damansara

MSIG Strata Title JMB Insurance Kepong

MSIG Strata Title JMB Insurance Sungai Buluh

MSIG Strata Title JMB Insurance Rawang

MSIG Strata Title JMB Insurance Jalan Ipoh

MSIG Strata Title JMB Insurance Selayang

MSIG Strata Title JMB Insurance Gombak

MSIG Strata Title JMB Insurance Wangsa Maju

MSIG Strata Title JMB Insurance Setapak

MSIG Strata Title JMB Insurance Kajang

MSIG Strata Title JMB Insurance Sungai Long

MSIG Strata Title JMB Insurance Mahkota Cheras

MSIG Strata Title JMB Insurance Seri Kembangan

MSIG Strata Title JMB Insurance Kajang

MSIG Strata Title JMB Insurance KL

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Lonpac Strata Title JMB Insurance Kuala Lumpur Malaysia

Lonpac Strata Title JMB Insurance Kuala Lumpur

Lonpac Strata Title JMB Insurance Selangor

Lonpac Strata Title JMB Insurance Cheras

Lonpac Strata Title JMB Insurance Ampang

Lonpac Strata Title JMB Insurance Kampung Pandan

Lonpac Strata Title JMB Insurance Pandan Jaya

Lonpac Strata Title JMB Insurance Pandan Perdana

Lonpac Strata Title JMB Insurance Pandan Indah

Lonpac Strata Title JMB Insurance Taman Cheras

Lonpac Strata Title JMB Insurance Taman Pertama Cheras

Lonpac Strata Title JMB Insurance Taman Segar Cheras

Lonpac Strata Title JMB Insurance Taman Midah

Lonpac Strata Title JMB Insurance Bandar Tun Razak

Lonpac Strata Title JMB Insurance Taman Billion

Lonpac Strata Title JMB Insurance Taman Mewah

Lonpac Strata Title JMB Insurance Balakong

Lonpac Strata Title JMB Insurance Bangsar

Lonpac Strata Title JMB Insurance Pantai Dalam

Lonpac Strata Title JMB Insurance Jalan Kelang Lama

Lonpac Strata Title JMB Insurance Kuchai Lama

Lonpac Strata Title JMB Insurance Sungai Besi

Lonpac Strata Title JMB Insurance Puchong

Lonpac Strata Title JMB Insurance Shah Alam

Lonpac Strata Title JMB Insurance PJ

Lonpac Strata Title JMB Insurance Petaling Jaya

Lonpac Strata Title JMB Insurance Seri Petaling

Lonpac Strata Title JMB Insurance Desa Petaling

Lonpac Strata Title JMB Insurance Subang

Lonpac Strata Title JMB Insurance USJ

Lonpac Strata Title JMB Insurance Damansara

Lonpac Strata Title JMB Insurance Kota Damansara

Lonpac Strata Title JMB Insurance Kepong

Lonpac Strata Title JMB Insurance Sungai Buluh

Lonpac Strata Title JMB Insurance Rawang

Lonpac Strata Title JMB Insurance Jalan Ipoh

Lonpac Strata Title JMB Insurance Selayang

Lonpac Strata Title JMB Insurance Gombak

Lonpac Strata Title JMB Insurance Wangsa Maju

Lonpac Strata Title JMB Insurance Setapak

Lonpac Strata Title JMB Insurance Kajang

Lonpac Strata Title JMB Insurance Sungai Long

Lonpac Strata Title JMB Insurance Mahkota Cheras

Lonpac Strata Title JMB Insurance Seri Kembangan

Lonpac Strata Title JMB Insurance Kajang

Lonpac Strata Title JMB Insurance KL

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Kurnia Strata Title JMB Insurance Kuala Lumpur Malaysia

Kurnia Strata Title JMB Insurance Kuala Lumpur

Kurnia Strata Title JMB Insurance Selangor

Kurnia Strata Title JMB Insurance Cheras

Kurnia Strata Title JMB Insurance Ampang

Kurnia Strata Title JMB Insurance Kampung Pandan

Kurnia Strata Title JMB Insurance Pandan Jaya

Kurnia Strata Title JMB Insurance Pandan Perdana

Kurnia Strata Title JMB Insurance Pandan Indah

Kurnia Strata Title JMB Insurance Taman Cheras

Kurnia Strata Title JMB Insurance Taman Pertama Cheras

Kurnia Strata Title JMB Insurance Taman Segar Cheras

Kurnia Strata Title JMB Insurance Taman Midah

Kurnia Strata Title JMB Insurance Bandar Tun Razak

Kurnia Strata Title JMB Insurance Taman Billion

Kurnia Strata Title JMB Insurance Taman Mewah

Kurnia Strata Title JMB Insurance Balakong

Kurnia Strata Title JMB Insurance Bangsar

Kurnia Strata Title JMB Insurance Pantai Dalam

Kurnia Strata Title JMB Insurance Jalan Kelang Lama

Kurnia Strata Title JMB Insurance Kuchai Lama

Kurnia Strata Title JMB Insurance Sungai Besi

Kurnia Strata Title JMB Insurance Puchong

Kurnia Strata Title JMB Insurance Shah Alam

Kurnia Strata Title JMB Insurance PJ

Kurnia Strata Title JMB Insurance Petaling Jaya

Kurnia Strata Title JMB Insurance Seri Petaling

Kurnia Strata Title JMB Insurance Desa Petaling

Kurnia Strata Title JMB Insurance Subang

Kurnia Strata Title JMB Insurance USJ

Kurnia Strata Title JMB Insurance Damansara

Kurnia Strata Title JMB Insurance Kota Damansara

Kurnia Strata Title JMB Insurance Kepong

Kurnia Strata Title JMB Insurance Sungai Buluh

Kurnia Strata Title JMB Insurance Rawang

Kurnia Strata Title JMB Insurance Jalan Ipoh

Kurnia Strata Title JMB Insurance Selayang

Kurnia Strata Title JMB Insurance Gombak

Kurnia Strata Title JMB Insurance Wangsa Maju

Kurnia Strata Title JMB Insurance Setapak

Kurnia Strata Title JMB Insurance Kajang

Kurnia Strata Title JMB Insurance Sungai Long

Kurnia Strata Title JMB Insurance Mahkota Cheras

Kurnia Strata Title JMB Insurance Seri Kembangan

Kurnia Strata Title JMB Insurance Kajang

Kurnia Strata Title JMB Insurance KL

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Tokio Marine Strata Title JMB Insurance Kuala Lumpur Malaysia

Tokio Marine Strata Title JMB Insurance Kuala Lumpur

Tokio Marine Strata Title JMB Insurance Selangor

Tokio Marine Strata Title JMB Insurance Cheras

Tokio Marine Strata Title JMB Insurance Ampang

Tokio Marine Strata Title JMB Insurance Kampung Pandan

Tokio Marine Strata Title JMB Insurance Pandan Jaya

Tokio Marine Strata Title JMB Insurance Pandan Perdana

Tokio Marine Strata Title JMB Insurance Pandan Indah

Tokio Marine Strata Title JMB Insurance Taman Cheras

Tokio Marine Strata Title JMB Insurance Taman Pertama Cheras

Tokio Marine Strata Title JMB Insurance Taman Segar Cheras

Tokio Marine Strata Title JMB Insurance Taman Midah

Tokio Marine Strata Title JMB Insurance Bandar Tun Razak

Tokio Marine Strata Title JMB Insurance Taman Billion

Tokio Marine Strata Title JMB Insurance Taman Mewah

Tokio Marine Strata Title JMB Insurance Balakong

Tokio Marine Strata Title JMB Insurance Bangsar

Tokio Marine Strata Title JMB Insurance Pantai Dalam

Tokio Marine Strata Title JMB Insurance Jalan Kelang Lama

Tokio Marine Strata Title JMB Insurance Kuchai Lama

Tokio Marine Strata Title JMB Insurance Sungai Besi

Tokio Marine Strata Title JMB Insurance Puchong

Tokio Marine Strata Title JMB Insurance Shah Alam

Tokio Marine Strata Title JMB Insurance PJ

Tokio Marine Strata Title JMB Insurance Petaling Jaya

Tokio Marine Strata Title JMB Insurance Seri Petaling

Tokio Marine Strata Title JMB Insurance Desa Petaling

Tokio Marine Strata Title JMB Insurance Subang

Tokio Marine Strata Title JMB Insurance USJ

Tokio Marine Strata Title JMB Insurance Damansara

Tokio Marine Strata Title JMB Insurance Kota Damansara

Tokio Marine Strata Title JMB Insurance Kepong

Tokio Marine Strata Title JMB Insurance Sungai Buluh

Tokio Marine Strata Title JMB Insurance Rawang

Tokio Marine Strata Title JMB Insurance Jalan Ipoh

Tokio Marine Strata Title JMB Insurance Selayang

Tokio Marine Strata Title JMB Insurance Gombak

Tokio Marine Strata Title JMB Insurance Wangsa Maju

Tokio Marine Strata Title JMB Insurance Setapak

Tokio Marine Strata Title JMB Insurance Kajang

Tokio Marine Strata Title JMB Insurance Sungai Long

Tokio Marine Strata Title JMB Insurance Mahkota Cheras

Tokio Marine Strata Title JMB Insurance Seri Kembangan

Tokio Marine Strata Title JMB Insurance Kajang

Tokio Marine Strata Title JMB Insurance KL

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Pacific Strata Title JMB Insurance Kuala Lumpur Malaysia

Pacific Strata Title JMBr Insurance Kuala Lumpur

Pacific Strata Title JMB Insurance Selangor

Pacific Strata Title JMB Insurance Cheras

Pacific Strata Title JMB Insurance Ampang

Pacific Strata Title JMB Insurance Kampung Pandan

Pacific Strata Title JMB Insurance Pandan Jaya

Pacific Strata Title JMB Insurance Pandan Perdana

Pacific Strata Title JMB Insurance Pandan Indah

Pacific Strata Title JMB Insurance Taman Cheras

Pacific Strata Title JMB Insurance Taman Pertama Cheras

Pacific Strata Title JMB Insurance Taman Segar Cheras

Pacific Strata Title JMB Insurance Taman Midah

Pacific Strata Title JMB Insurance Bandar Tun Razak

Pacific Strata Title JMB Insurance Taman Billion

Pacific Strata Title JMB Insurance Taman Mewah

Pacific Strata Title JMB Insurance Balakong

Pacific Strata Title JMB Insurance Bangsar

Pacific Strata Title JMB Insurance Pantai Dalam

Pacific Strata Title JMB Insurance Jalan Kelang Lama

Pacific Strata Title JMB Insurance Kuchai Lama

Pacific Strata Title JMB Insurance Sungai Besi

Pacific Strata Title JMB Insurance Puchong

Pacific Strata Title JMB Insurance Shah Alam

Pacific Strata Title JMB Insurance PJ

Pacific Strata Title JMB Insurance Petaling Jaya

Pacific Strata Title JMB Insurance Seri Petaling

Pacific Strata Title JMB Insurance Desa Petaling

Pacific Strata Title JMB Insurance Subang

Pacific Strata Title JMB Insurance USJ

Pacific Strata Title JMB Insurance Damansara

Pacific Strata Title JMB Insurance Kota Damansara

Pacific Strata Title JMB Insurance Kepong

Pacific Strata Title JMB Insurance Sungai Buluh

Pacific Strata Title JMB Insurance Rawang

Pacific Strata Title JMB Insurance Jalan Ipoh

Pacific Strata Title JMB Insurance Selayang

Pacific Strata Title JMB Insurance Gombak

Pacific Strata Title JMB Insurance Wangsa Maju

Pacific Strata Title JMB Insurance Setapak

Pacific Strata Title JMB Insurance Kajang

Pacific Strata Title JMB Insurance Sungai Long

Pacific Strata Title JMB Insurance Mahkota Cheras

Pacific Strata Title JMB Insurance Seri Kembangan

Pacific Strata Title JMB Insurance Kajang

Pacific Strata Title JMB Insurance KL

Strata Title Insurance Kuala Lumpur Malaysia

Malaysia Strata Title Building Insurance, Malaysia Strata Title Fire Insurance, Malaysia Strata Title JMB Liability Insurance

Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title and JMB Insurance Risk Management Advisory Organization
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumour, Malaysia.
(O) +603-9286 3323
(F) +603-9282 3232
(E) jmbimcare@jmbinsurance.com.my
(W) http://www.jmbinsurance.com.my
(FB) http://www.facebook.com/jmbinsurance

Exclusively Designed for JMB’s or MC only
(Joint Management Body or Management Corporation),
Strata Title Property Insurance and Property Management Liability Insurance

Arranged by
Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title Insurance and JMB Liability Insurance Risk Management Advisory Organization

Strata Title Property Insurance and Property Management Liability Insurance

The Building and Common Property (Maintenance and Management) Act 2007(” The Act”) coming into force on 12 April 2007 in the Peninsular Malaysia.

The powers and duties of the JMB are enumerated by Section 8 of the Act which stated
8. (1)(c) to insure and keep insured the building to the replacement value of the building against fire and such other risks as may be determined by the Body;
8. (1)(d) to apply insurance moneys received by the Body in respect of damage to the building for the rebuilding and reinstatement of that building;
8. (3) The Body shall be deemed—
(a) for the purposes of effecting any insurance under paragraph (1)(c), to have an insurable interest in the building equal to its replacement value or any value as determined by the Body; and
(b) for the purposes of effecting any insurance under paragraph (1)(d), to have an insurable interest in the subject matter of the insurance.
Interpretation:

The Joint Management Body must insured the following insurance:

1. Fire & All perils Insurance (Min perils Subsidence & Landslip, RSMD & BOW)

Building – For all the units that is individually own including all the common property.
In this case when the purchaser have a Loan with the Bank, the purchaser need not buy an additional insurance and can use the individual “Certificate of Insurance” issued from the Master policy.
It should include the following clauses:-
Reinstatement Value (valuation report by an accredited quantity surveyor at least once in 5 years)
Removal of Debris
Architect & surveyor Fee
Rent Clause

2. Public Liability Insurance
Legal liability to pay compensation for accidental bodily injury or accidental damage to the property to the Visitors for using the common property of the Building.

Under Section 4 Establishment of a Joint Management Body
(2) The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.
(3) The Body may sue and be sued in its name.
(4) The Body shall comprise the developer and the purchasers.

Interpretation:

As the JMB is a body corporate the volunteered committee members can now be sued by the purchasers for Breach of Duty. An E&O or a PL policy to protected the personal liability of the individual committee.

3. Error & Ommission or Professional Liability Insurance

The Insurer will pay on behalf of any Insured all Damages resulting from any Claim for any Breach of Duty of the Insured.
N/B The policy should be placed immediately after the formation of the JMB.

Strata Title Risks Solution:

Products Offered:
Fire Insurance
Fire Consequential Loss Insurance
All Risk Insurance
Crime Insurance ( Burglary & Money Insurance)
Plate Glass Insurance
Machinery Breakdown Insurance
Public Liability Insurance
Property Terrorism
Error & Omission or Professional Indemnity for Joint Management Body (JMB) or Management Corporation (MC).

Malaysia JMB Insurance Organization (JMBIM)
Your Trusted Malaysia Largest Strata Title and JMB Insurance Risk Management Advisory Organization
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumour, Malaysia.
(O) +603-9286 3323
(F) +603-9282 3232
(E) jmbimcare@jmbinsurance.com.my
(W) http://www.jmbinsurance.com.my
(FB) http://www.facebook.com/jmbinsurance

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Malaysia Strata Title Insurance, Malaysia Property Management Insurance and Malaysia JMB Liability Insurance

Malaysia Strata Title Insurance, Malaysia Property Management Insurance and Malaysia JMB Liability Insurance

Malaysia JMB Insurance Organization (JMBIM) provide most comprehensive Malaysia Strata Title insurance or Malaysia JMB Insurance or Malaysia Building Management Insurance package for strata title Joint Management Body (JMB) or Management Corporation (MC) from apartments, condominiums, flats, office units, shopping mall retail outlets, shop units and commercial building units . It covers common risks beyond the standard coverage against fire, lightning, impact, flood, landslip, storm tempest, and water damage.
With the comprehensive strata title insurance package JMB or MC are able to extend the cover for the management office equipment and machinery to protect against accidental damage and theft, as well as protection against robbery and burglary for cash in your premises and errors and omission insurance (E&O).

Imagine a visitor accidentally falls whilst at your premises. This kind of incident could lead to millions in defense and negligence claims. Public Liability Insurance option eases that worry. The coverage helps pay your legal liability against third party property damage and bodily injuries. It will also pay all costs and litigation expenses incurred.

The JMB’s will have to hand over the maintenance and management of the said properties to the respective Management Corporations upon the issuance of Strata Titles . One of the requirement under Strata Title Act/ BCPMM Act is that the Management Body is required to insure and maintain adequate insurance.

Liability Insurance for MC/ JMC
The Insurer will pay for defense cost and settlement due to breach of duty by reason of any Negligent Act/ Errors and Omissions/ Wrongful Act during the Policy Period committed or allegedly committed by the Insured

Wrongful Act means any actual or alleged non-compliance of statutory duties under Building and Common Property ( Maintenance and Management ) Act 2007 (Act 663) and Part VI and VII of Strata Titles Act 1985 (Act 318) or any amendments thereto

* BCPMM – Building and Common Property Maintenance and Management

* JMB – Joint Management Bodies

Strata Title Property Insurance and Property Management Liability Insurance

The Building and Common Property (Maintenance and Management) Act 2007(” The Act”) coming into force on 12 April 2007 in the Peninsular Malaysia.

The powers and duties of the JMB are enumerated by Section 8 of the Act which stated

8. (1)(c) to insure and keep insured the building to the replacement value of the building against fire and such other risks as may be determined by the Body;

8. (1)(d) to apply insurance moneys received by the Body in respect of damage to the building for the rebuilding and reinstatement of that building;

8. (3) The Body shall be deemed—
(a) for the purposes of effecting any insurance under paragraph (1)(c), to have an insurable interest in the building equal to its replacement value or any value as determined by the Body; and
(b) for the purposes of effecting any insurance under paragraph (1)(d), to have an insurable interest in the subject matter of the insurance.

Interpretation:

The Joint Management Body must insured the following insurance:

1. Fire & All perils Insurance (Min perils Subsidence & Landslip, RSMD & BOW)

Building – For all the units that is individually own including all the common property.
In this case when the purchaser have a Loan with the Bank, the purchaser need not buy an additional insurance and can use the individual “Certificate of Insurance” issued from the Master policy.

It should include the following clauses:-
Reinstatement Value (valuation report by an accredited quantity surveyor at least once in 5 years)
Removal of Debris
Architect & surveyor Fee

Rent Clause

2. Public Liability Insurance
Legal liability to pay compensation for accidental bodily injury or accidental damage to the property to the Visitors for using the common property of the Building.

Under Section 4 Establishment of a Joint Management Body
(2) The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.
(3) The Body may sue and be sued in its name.
(4) The Body shall comprise the developer and the purchasers.

Interpretation:

As the JMB is a body corporate the volunteered committee members can now be sued by the purchasers for Breach of Duty. An E&O or a PL policy to protected the personal liability of the individual committee.

3. Error & Ommission or Professional Liability Insurance

The Insurer will pay on behalf of any Insured all Damages resulting from any Claim for any Breach of Duty of the Insured.

N/B The policy should be placed immediately after the formation of the JMB.

Strata Title Risks Solution:

Products Offered:
Fire Insurance

Fire Consequential Loss Insurance
All Risk Insurance

Crime Insurance ( Burglary & Money Insurance)
Plate Glass Insurance

Machinery Breakdown Insurance
Public Liability Insurance
Property Terrorism
Error & Omission or Professional Indemnity for Joint Management Body (JMB) or Management Corporation (MC).

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Malaysia Risk Management Insurance Solution Service Provider

Malaysia Largest Insurance Solution Service provider IVR3001

 

ACPG Management Sdn Bhd

Your Experience Insurance Risk Management and Solution Service Provider since year 1989 and Head Office Located at Kuala Lumpur Malaysia .

For more details of Malaysia Insurance package and risk management services www.acpgconsultant.com and contact our ACPG careline +603-92863323.

Click Here For Insurance Quote Enquiry Form Submission

 

ACPG Management Sdn Bhd

What We Can Do…..

One of the reasons we at ACPG Management Sdn Bhd, are one of the top Property and Casualty Insurance Agency in the Kuala Lumpur Malaysia market, is due to the quality and variety of insurance solution and consultancy services we provide. Be it automotive insurance, fire insurance, all others type classes of life and general insurance, consequential loss insurance, insurance of precious possessions or what have you, you can rest assured that we provide nothing less than what are stated below, which makes us an insurance agency that is truly “Almost with No Comparison”, and we do not make such claims lightly.

With 27 years since year 1989 in the insurance Malaysia market we can

Give our Expert Opinion On Your Risks.

How To Handle The Risks.

Provide The Best Insurance Solutions.

Provide Competitive Premium.

Handle Insurance Claims With Comprehensive Homework.

Work Closely with Insurance Adjusters, Insurer Claim Officers and Policy Holders.

Assisted Claims

By its very nature, a claim is made at a difficult and stressful time. You may need to make a claim because you have been burgled, there has been a fire or flood or worse and your business may be forced to stop operating. In such a situation, you need a settlement and fast.

Most insurance companies are well aware of this and if you are making a claim directly to an insurance company or through an unqualified agent and without any professional help, you may find the small print in your policy is not what you expected or the settlement amount is not enough.

When you have to make a claim, the insurance company will send out a loss adjustor to assess the damage. It is important to understand that the loss adjustor works for the Insurance company and not you so they will put the interests of the insurance company first.

If you are one of our clients, we will represent your interests when the loss adjustor visits the scene and in any discussions or negotiations to ensure you get the best possible settlement.

If you would like to meet for an informal consultation about your insurance needs and how we can place your coverage at exceptional rates, please do not hesitate to contact us.

Risk Management

Risk is when there’s an uncertainty about whether an event will or will not occur. Thus, risk management is the process of identifying exposures to risk, choosing the best method for handling each exposure and implementing it.

Insurance refers to a contract that reduces risk of loss and requires one party to pay a specified sum to another if a previously identified event occurs. Thus, insurance planning is the process of handling and safeguarding against future risk of loss and ensuring sufficient compensation is provided.

Risk Management Technique

When it comes to risk management, there are 4 basic methods :

Risk Avoidance

To avoid engaging in an activity or owning property that might lead to an exposure of risk.

Risk Assumption

To recognize risk and accept it as part of its activities.

Risk Transfer

To transfer risk to another party.

Risk Reduction

To take steps to reduce the uncertainty of loss.

 

 

Malaysia General Insurance Services
Arranged by
ACPG MANAGEMENT SDN BHD
Your Experienced and Trusted
Malaysia Risk Management Insurance Solution Service Provider since year 1989.
ACPG careline : +603-9286 3323,
enquiry@acpgconsultant.com,
www.acpgconsultant.com

Facebook Business page  www.facebook.com/acpg.management