PACIFIC ROADSIDE ASSISTABOUT THIS POLICY
Joint Management Body (JMB) / Management Corporation (MC) is established under the Strata Titles (Amendment) Act 2013. The JMB/MC are statutory bodies that are formed to manage and maintain the building and common properties in the strata development project such as offices, condominiums or apartments. The Pacific Insurance Berhad (“TPIB”) Property Pro JMB Package Insurance Plan is a comprehensive insurance plan that provides not only the mandatory insurances mentioned above but also coverages for other related risks. There are altogether 3 plans available to be chosen by Insured namely Plan 1, Plan 2 and Plan 3 (Flexi Plan).
The package policy comprises 11 sections of coverage as follows:-
- Section 1:
Mandatory Cover – Fire- Section 1 : Fire (Property Pro)
Optional Cover – Sabotage & Terrorism
- Section 1a : Sabotage & Terrorism Extension
- GENERAL PACKAGE (Mandatory)
- Section 2: Burglary
- Section 3: Money
- Section 4: Plate Glass
- Section 5: Fidelity Guarantee
- Section 6: All Risks (Restricted)
- Section 7: Public Liability
- Section 8: Employers Liability
- Section 9: Group Personal Accident
- MACHINERY BREAKDOWN (Optional)
- Section 10: Machinery Breakdown (First Loss)
- ERRORS & OMISSIONS (Optional)
- Section 11: Errors & Omissions
In order to qualify for this package policy, it is mandatory that the Insured must take up Section 1 and General Package – Sections 2 to 9 and optional for Sections 10 and 11 if Plan 1 and Plan 2 are opted. However, Insured has the option not to take up the General Package, Machinery Breakdown and Errors & Omissions if Plan 3 is chosen.
The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact The Pacific Insurance Berhad or PIDM (visit www.pidm.gov.my).
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