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Yu Kong Cing, Group Chief Executive Officer of Fella Design (left), and Ong Kean Yap, Principal Officer of PolicyStreet's Partners (right), formalise their partnership to launch the Furniture Protection Plan.
Damages to cherished furniture can be distressing, but navigating insurance claims should not be. PolicyStreet, a leading Malaysian insurtech company, announced the launch of the Furniture Protection Plan (FPP) in partnership with Ashley Furniture HomeStore, with an intuitive claims portal set to launch in mid-May to further simplify furniture insurance.
The FPP is a comprehensive microinsurance plan that provides coverage for the repair or replacement of furniture damaged by accidents, fire, or floods, offering protection for up to one year. Exclusively available at Ashley Furniture HomeStores and Galleries across Malaysia, starting from just RM99 per annum, the FPP also includes complimentary warranty checks, pre-claim inspections, and delivery vouchers, delivering exceptional value and peace of mind.
“Accidental damage coverage is more than just consumer protection; it’s a key driver of business confidence, particularly for Malaysian SMEs, which form the backbone of our economy. With our Damage Protection Plan, we’ve seen how pairing comprehensive coverage with a seamless claims experience brings real value to consumers. That’s why we’re bringing the same approach to furniture protection through our collaboration with Ashley Furniture HomeStore, ensuring more Malaysians can safeguard their furniture investments with ease, whether shopping online or in-store,” states Yen Ming Lee, Co-Founder and Group Chief Executive Officer of PolicyStreet.
Accidental damage coverage is more than just consumer protection; it’s a key driver of business confidence, particularly for Malaysian SMEs, which form the backbone of our economy.
Yen Ming Lee, Co-Founder and Group Chief Executive Officer of PolicyStreet
In the event of a claim, customers can initiate the process by contacting Ashley Furniture HomeStore for a personalised in-person assessment. Eligible claims can then be submitted through the user-friendly online portal set to launch on 14 May 2025, for swift repairs or replacements. This seamless integration of digital efficiency and personalised service eliminates cumbersome paperwork and minimises unnecessary delays.
