Under the Building and Common Property (Management and Maintenance) Act 2007, it is compulsory for the Management Body or Committee to exercise due diligence in risk management by ensuring that all properties and liabilities related to the development are adequately insured.
SPA-ACE Jerneh is a key provider in the property risk market and offers unique solution designed specifically to meet the varying risk management needs of these developments. OneFlexi provides the following coverage for condominium and apartment type of properties.
Property Plus
Standard Cover (Compulsory)
Fire
Optional Covers
Consequential loss
Money
Burglary
Plate Glass
Fidelity Guarantee
Machinery Breakdown
All Risks
Public Liability
Personal Accident
Errors and Omissions
PropertyOne Flexi Presentation
FlexiOne Plus
Cover (Compulsory)
Fire
Optional Covers
Consequential loss
Money
Burglary
Plate Glass
Fidelity Guarantee
Machinery Breakdown
All Risks
Public Liability
Personal Accident (2) persons
Errors and Omissions
348 Sentral under construction near KL Sentral catches fire
