Lately, every Malaysian gets nervous when the rainy season begins. Especially from November to March, tragic phenomena like flash floods and landslides invoke fear in many affected (and non-affected) Malaysians nationwide.
It is hard to predict the weather these days. It seems like the rain gets heavier and heavier every day, despite still being in October. Many cases of the flash flood were reported beginning in July, and it’s still ongoing as the rain comes and goes.
What can we do to prepare for the impending monsoon season? Especially for our vehicles, can we save them from getting flushed by the flood?
Financial Faiz, Takaful Hibah, Properties, and ASB Financing will help you prepare financially for the upcoming monsoon season in Malaysia.
An alternative to save your liability
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Get car insurance, special perils insurance, or flood insurance
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- According to Financial Faiz, one of the biggest mistakes of some Malaysians are they harmed themselves to save their cars, despite how dangerous the situation is.
- Malaysians think saving their car is essential because it’s one of their most prized possession. Cars are a necessity for many Malaysians as it’s used to work and travel.
- However, saving your car in a flash flood is a risky move. It could cost your life.
- Getting insurance for your car lessens the anxiety and reliefs the financial burden post-flood.
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Get extra coverage for your car
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- Getting extra coverage benefits you and your car from these catastrophes.
- Spending more will not only help fix the damages to your properties but also ensures your financial stability after the disaster.
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Coverage for peace
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- Getting flood insurance or car insurance doesn’t make you rich.
- It’s to help you with the aftermath of the disaster.
- Even though you still have to repair your car, it won’t be as costly since you have insurance to back you up.
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Don’t be stingy
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- The flood insurance is only a few percent more than your car insurance.
- Hence, it’s better to apply for this insurance as an alternative.
Note: If you’re getting flood insurance and special perils insurance, it has to be the same provider as your insurance provider.
Natural disasters are unexpected. As responsible human beings, we can prepare for the upcoming rainy season by taking precautions like these. Thus, it’s important to get insurance for our properties. Spending a bit more on insurance can save you from another headache after the monsoon season ends.
Always be aware of the possibilities by making early preparations, especially for the oncoming monsoon.
Source: Youtube Financial Faiz