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The smart way to protect your mortgage


Mortgage protection is often overlooked as home-buyers look for the cheapest and simplest solution, without reading the fine print. explores the dynamics of the famous comprehensive mortgage protection offered by Allianz Malaysia.

Purchasing a home can be a complicated task, requiring careful consideration and sufficient financial resources, as it is a long-term commitment. In buying that dream home, the first concern would be to obtain the right financing package which includes a loan and insurance to cover that loan in the event of any untoward incidents.

With the various financing packages available at banks and financial institutions, the choice is often not easy and can be complicated as there are various factors that need to be taken into consideration. One of these factors include matching your financing package with a protection plan for your mortgage. Often this is overlooked as home-buyers fail to see the importance of protecting their mortgage in the event of an unexpected incident.

Commonly asked questions by homeowners:

  1. “WHY do I need to protect my mortgage?” and “ HOW do I protect my mortgage?”

A: One needs to protect his/her mortgage because in the event that something unexpected befalls the breadwinner in the family, the mortgage and other needs still have to be paid for.

A: One can protect his/her mortgage by a few ways listed below.

Better way to protect your mortgage

A more sustainable solution is the Smart Home Cover by Allianz Malaysia. It is a modular home insurance option offering customers comprehensive coverage.

Purchasers can also enjoy discounts of up to 30% on their HouseOwner premium (subject to terms and conditions).

Who can purchase?

In usual context, the home owners and landlords are the purchasers of the home insurance for their property. However with the Smart Home Cover, tenants also have a strong case to purchase it as the HouseHolder and HomeFix features would greatly come to their aid during an untimely event.

To purchase Smart Home Cover, walk into any Allianz General branch nationwide or contact your Allianz General agent. For more information on Smart Home Cover, visit .

To learn more about Allianz Smart Home Cover, view the product’s Policy Jacket available at

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

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