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Household Protection
Insurance
A happy home is a well protected home
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As your most treasured possession, your home deserves to be taken care of and protected. Household Protection Insurance promises to help you safeguard your home by providing extensive coverage for household contents and valuables, plus accidental liability protection. Each benefit is tailored to suit your particular needs, enabling you to enjoy total peace of mind.
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Q: |
What are the differences between "Household Protection Insurance" and "Fire Insurance"?
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Household Protection Insurance provides "All Risks" insurance cover on household contents such as furniture, electrical appliances, clothing, valuables, personal effects and household improvement on walls, ceilings, floorings and doors which are carried out by the Insured.
Fire Insurance provides "Named Perils" insurance cover on any loss or damage caused by fire or any other named perils to any kind of property insured, particularly building structure such as walls, windows, ceiling, floor, landlords' fixtures and fittings.
Scope of coverage of Household Protection Insurance and Fire Insurance is different but complementary. To have comprehensive protection, you are recommended to take out both policies.
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If the insured premise has been unoccupied for a prolonged period, will the claim be affected?
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If the insured premise remains unoccupied for more than 60 consecutive days, the cover will be limited to the named perils such as fire, explosion, lightning etc. except burglary.
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How do you determine the claim settlement amount when I claim indemnity on Basic Coverage and Extension?
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Whether to reinstate, repair or replace the claim item will be at the Company's discretion during the claim process.
For furniture, furnishings, home appliances and household improvement not more than five years old, this policy will pay for the full replacement, repair and reinstatement cost. Other than that, the Company will indemnify the market value of the claimed property at the time of loss after reduction of depreciation.
If the claim item cannot be substantiated with documentary proof or is not replaced after accident, settlement with depreciation will be applied.
Rate of depreciation shall be determined at the Company’s discretion or by the Loss Adjuster.
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What is the coverage of Public Liability?
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Public Liability Insurance provides cover on accidental bodily injury or property damage to the third party as a result of the act of negligence or omission on the part of you or your family member. Public Liability also covers the legal costs and expenses recoverable by any claimant from you or your family member.
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If the household contents are deliberately destroyed, will the claim be affected?
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Any loss or damage caused by the wilful act, deliberate act or recklessness of you, your family member and/or your domestic helper will not be covered.
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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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