Your home is a result of your hard work and a safe haven for rest. Purchasing a home insurance will protect it from unexpected events such as home theft, robbery, accident, flooding or fire. The premium is usually calculated based on the home’s net floor area and coverage needed.
Fire Insurance
Fire insurance covers the building structure and fixture in case of an accident or natural disaster. Note that when applying for a mortgage from a bank, the bank generally requires the owner to have a fire insurance for the property.
Common fire insurance coverages include:
- Floor
- Ceiling
- Doors and windows
- Existing interior decoration
- Building structure (walls and tiles)
Fire insurance provided by insurance companies is basically identical to the ones provided by banks. In order to be a savvy consumer, request a quotation from HoldCover before applying for a mortgage.
Please note that the sum insured needs to be the same or more than the market value of the property.
Home Insurance
When home accidents such as theft, fire or typhoon occur, home insurance can cover your home contents.
Common home insurance coverages include:
- Basic furniture
- Loss of rent (homeowners)
- Temporary housing allowance
- Home Appliances
- Mobile phone
- Computer
- Jewellery
- Wine
Other areas that may be insured include:
- Household contents accidentally damaged in mini-storage
- Domestic helper’s personal belongings accidentally damaged
- Damages incurred to household content while moving home
- Food spoil cause by unexpected power outage
- Physical or property damage to others anywhere in Hong Kong that is caused by domestic pets (limited to dogs and cats)
- Feng Shui consultation fee after an accident at home
If a home insurance includes personal liability, then property damages or bodily injury caused by the householder’s negligence will be liable for compensation.
With HoldCover's one-stop online insurance platform, you can compare the prices and terms of different home insurance products at once with discounts. Get referral rewards by sharing with friends as well!
Get quick fire insurance or home insurance quotes for free!
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Wave goodbye to the old-fashioned and confusing way of insurance and say hello to HoldCover, an online insurance platform where you can easily compare similar policies across different insurance companies. You can identify what’s best for you by optimising for cost, coverage and other perks. Our online platform is 24/7 which means you can shop and manage your insurance at anytime and anywhere.
