Stolen TV? Broken Bed? Unpaid Bills??? No Worry La

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Stolen TV? Broken Bed? Unpaid Bills??? No Worry La

03:39 02 October in Blog, Landlord Education and Problem
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Oh no, your tenant has run off! And what’s worse… outstanding bills because your tenant didn’t pay! Does the deposit even cover it all? Where can I report this? Can leasing get any worse?

We say no worries.

No worries about disappearing tenants and no worries to the morbid amount of bills. That’s a problem of the past that we’ve come to acknowledge and address!

Securing Your Home

Financial security and property security are always top concerns. Which is how the traditional 3-month rental deposit before renting a house came into practice. It serves as a way to hold tenants accountable for damage done to the house.

Partner of Allianz Malaysia

To ease your concerns, we at Speedrent partnered up with Allianz Malaysia General Insurance Berhad to offer greater financial and property security. For landlords who successfully lease with us, they can get secured with Allianz up to RM26000 for property or RM3700 for room.

House/property insurance

Look at the table below for how Speedrent and Allianz offer you better protection compared to the traditional deposit:

Speedrent + Allianz Insurance Concerns Traditional Deposit
Loss of rental up to 2 months Rental Coverage 2 months
Up to RM1000 Inconvenience Benefits or minor property damage 0.5 – 1 month’s rental
Up to 15,000 for accidental and theft Accidental damage or theft coverage Only the total amount of deposit at the beginning of tenancy
2 demand letters Demand for payment No reminder

Note: House/property insurance is only available for those who successfully transact through Speedrent with rental ranging from RM800 to RM5000.

 

Room Rental

NEWSLETTER - Room Rental

Claims

Think insurance claims take long? Not at all! Allianz strives to process all claims within the following timeline:

Property

  • Loss of rental up to 2 months 3-7 days
  • Inconvenience benefits (e.g: utilities) Inconvenience benefits & minor repairs up to RM1,000 – 3-7 days
  • Accidental damage or theft of up to RM15,000 – 21-30 days.

 

Room Rental

  • Loss of rental up to 2 months: 3-7 working days
  • Cleaning damages/Minor repairs: 3-7 working days
  • Damage to/theft of household content up to RM500: 21-30 working days

How much does the insurance cost?

Both insurance have the same cost.

Insurance cost: 12th/last month’s rental + 6%SST + RM10 fee

We do the claiming process on your behalf. We get down and dirty so you may lease in peace. Remember: You have to first file a police report of the incident! Once done, we will then proceed with the claim process.

Still can’t believe how good this sounds? You need to give us a go on our Speedrent app today! Available on the Google Play & App Store for free.

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