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Decoration Protection Insurance
Extensive coverage for homes, offices, or shops
Makes decoration a joyful experience
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Renovating your home, office, or shop can be an exciting and highly rewarding experience. However, before you begin, it is essential that you protect yourself against potential financial loss or liability claims that could arise from accidents during renovation. Such coverage is often insufficient under home insurance plans.
Decoration Protection Insurance promises to give you the comprehensive protection you need to carry out your decoration, maintenance, or renovation work. Five plan levels are available for you to select from, covering a contract value of up to HK$500,000. For your added flexibility, you may choose third party liability coverage only, which will protect you against potentially huge liability claims.
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Decoration Protection Insurance offers 2 sections of basic protection. You may choose to be insured for both Section I and Section II or Section II only. |
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Section I - Material Damage Protection
The plan provides "all-risks" coverage against loss of/damage to insured contract materials/works at the contract site caused by fire, water, burglary, explosion, etc. during the insured period. Items covered include flooring, tiles, wallpaper, woodenware, sanitary ware, and other related decoration materials.
Free Extensions
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Removal of Debris
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This extension covers the cost of removing debris following an insured accident at the site, subject to a maximum of 5% of the total contract value.
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Automatic Increase of Contract Value
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The quotation and the final contract value may be different. The coverage for your contract value will be automatically increased by a maximum of 10% without the need for you to pay any additional premium. |
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Section II - Public Liability to Third Party
Public liability protection covers you against legal liability for bodily injury to third parties and/or third party property damage arising from contract works.
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Free Extensions
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Principal Property Damage
This indemnifies the insured contractor against liability for the loss of or damage to the property belonging to the principal in the care or control of an insured contractor for the execution of the contract, subject to a maximum indemnity of HK$1,000,000.
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Optional Benefit - Exterior Scaffolding Work
By paying an additional premium, you can enjoy protection for contracts that include exterior scaffolding work (e.g. window replacement and exterior piping). The costs of exterior work involving scaffolding will be subject to a maximum of 15% of the total contract value.
Work related to neon signs, exterior signboards, cages, or cladding will not be covered.
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Free Enhanced Coverage
You will also enjoy the following coverage for free once you have successfully enrolled in the plan:
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Maintenance Period Protection
Protection covers loss arising from the maintenance of insured contract works during the maintenance period for a maximum period of 3 months after the completion of the original works.
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Cross Liability Coverage
If more than one party is insured under the policy, all those insured shall be treated as if they are covered under separate policies up to a total combined third party liability as specified in the policy. The insurer shall waive all rights of subrogation or action against any aforesaid parties arising out of any accidents in respect of which any claim is made.
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Vibration Coverage
The plan covers legal liability in respect of third party property damage due to vibration during contract work, subject to a maximum indemnity of HK$1,000,000.
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The above information is for reference only. Please refer to the policy for the
exact terms and conditions and the full list of policy exclusions. For more
information or a copy of the policy terms and conditions,
please contact our Marketing Officer.
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The Bank of East Asia, Limited is an insurance agent authorised by BEA Life Limited ("BEA Life") and Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross"), members of the BEA Group. BEA Life Insurance Series and General Insurance Series are underwritten by BEA Life and Blue Cross respectively.
This is a redirect webpage hosted by Blue Cross (Asia-Pacific) Insurance Limited.
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