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Insurance fire payout
Published on: Friday, February 17, 2017

Kota Kinabalu: Allianz General Insurance Company (M) Berhad paid out an interim RM300,000 to Young Superstore, which operated five units of a double storey shop lots that suffered extensive fire damage on Jan 8, this year.

The fire had originated from ground floor where most of the stocks were rendered a total loss.

Stocks that were kept on the first floor suffered minor damage from soot.

Jimmy Hee, Branch Manager of Allianz General Insurance Company (M) Berhad, Kota Kinabalu and Labuan Branch said:

"Allianz prides itself on being a trusted partner to its customers.

We understand their needs and worked out a quick payout as the claim involved fire damage to the stocks in trade and building fixture, fitting and furniture.

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