PRESS RELEASE | PolicyStreet Group
PolicyStreet Reinvents Furniture Protection with First-of-Its-Kind Insurtech Partnership at Ashley Furniture HomeStore
27 March 2025
PolicyStreet and Ashley Furniture HomeStore introduce the Furniture Protection Plan (FPP), offering seamless coverage for accidental damages, fire, and floods backed by an upcoming digital claims platform for effortless protection.
KUALA LUMPUR, 27 MARCH 2025 — Damages to cherished furniture can be distressing, but navigating insurance claims should not be. PolicyStreet, a leading Malaysian insurtech company, is proud to announce 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.
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.
For furniture insured above RM10,000, customers will receive exclusive vouchers for interior design consultations, professional furniture cleaning, eco-friendly recycling services, and smart home installations, providing comprehensive support as they prepare their homes for the Hari Raya festivities.
