Home Page Partners With Zurich Insurance To Launch First-ever Insurance Facility For Commercial Properties
Real estate service provider, Home Page Capital Holding Sdn. Bhd. (Home Page), has teamed up with Zurich General Insurance Malaysia Berhad (Zurich) and LK Reliance Sdn. Bhd. to offer comprehensive complimentary insurance coverage to property owners and tenants, in an effort to address common tenancy problems faced by Malaysian property owners.
The insurance package, known as the Tenant Runaway Policy, covers loss of rent up to two months’ rental value, outstanding utilities bills up to RM3,000 as well as repair work for minor damages. While such insurance policies are available for residential properties, Tenant Runaway Policy is the first insurance facility for commercial properties in Malaysia.
Junior Cho (left) joins Jim Ow (right) in celebrating the newly inked collaboration to offer commercial property owners and tenants with better protection.
“We are proud to collaborate with Zurich to offer this protection solution to property owners as this will make it easier for their properties to be rented out while protecting their interest from irresponsible tenants. At the same time, tenants will have better cash flow as they do not have to pay deposit or worry that owners do not return their deposits at the end of the tenancy period. We also have free legal services at hand for tenancy agreements by a partnering law firm,” said Jim Ow, Managing Director of Home Page.
“The property rental market thrives on supply and demand; thus, we are constantly seeking new avenues to help fulfil the market’s needs. We understand how important property protection is, whether as a property owner or a tenant in the event that a tenancy goes wrong. We hope that through our collaboration with Home Page, we are able to provide customers with added confidence and peace of mind in their rental transactions,” said Junior Cho, Chief Executive Officer of Zurich General Insurance.
Home Page is a commercial and residential real estate listing platform that connects property owners directly to prospective tenants, which includes both sub-sale properties and the primary market. This insurance policy is expected to help alleviate the need for upfront deposit payments.
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