TY  - JOUR
T1  - Protection for House Buyer: The Need for Insurance
AU - Annuar, Anis Sabrina AU - Rashid, Zul Zakiyuddin Ahmad 
JO  - The Social Sciences
VL  - 11
IS  - 30
SP  - 7215
EP  - 7219
PY  - 2016
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2016.7215.7219
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2016.7215.7219
KW  - House buyer
KW  -insurance
KW  -risk
KW  -disaster
KW  -schemes
AB  - There are many unanticipated risks that might take place in our life and that is included on our
property and assets. One of the approaches in tackling risks issues in our daily life is by purchasing an
insurance policy as risk is the basis of insurance. This research draw the attention of housing insurance policy
provided in Malaysia as home is one of the mandatory needs for humans. Although, a house probably would
be one of the most important and expensive investments average consumers will ever make, there is still lots
of people who does not know about insurance in terms of the importance of insurance, types of insurance,
benefits of insurances and also the main objective of the insurance itself. The rate and amount of insurance
policy holders in Malaysia, especially among Malay Bumiputera is at the lowest level because of the lack of
awareness about the importance of insurance itself. In order to ensure guarantee and security of house buyer
in Malaysia, besides from all laws and regulations implemented by the government, other companies or banks
can also provide insurances schemes in order to protect their houses from certain risks such as theft, fire and
natural disaster. According to the General Insurance Association of Malaysia, there are generally three types
of housing insurance schemes available in Malaysia namely the fire insurance policy, house owner’s policy and
house holder’s policy or content insurance. The objectives of this research are to identify the level of
awareness of house buyer regarding the housing insurance policy provided in Malaysia and to identify the
reasons of house buyer in not taking the housing insurance policy provided in Malaysia.
ER  -