A home insurance policy, undoubtedly, is used to protect against accidental loss or damage occurring within your home. However, there is much more that is protected than just your personal effects and valuables such as furniture, home appliances, jewelry and wine if you have the right policy. In today’s HoldCover blog, we will highlight some of the most surprising things that are covered by home insurance.
1. Mobile phone, Notebook/ Computer and Tablet
Digital devices such as mobile phones, notebooks, computers, or tablets have become an inseparable part of our everyday life. Some home insurance policies cover against the damage or loss of your insured digital devices in the event of an accident.
2. Frozen food and/ or Drinks
It covers damage to frozen food and/or drinks caused by deterioration due to accidental mechanical breakdown of refrigerating unit.
3. Third-party Liability a.k.a. Public Liability
It covers legal liability to a third party arising from the insured person and/ or the insured family member(s). For example, you may be protected against accidental flooding which causes damage to your neighbour’s property, and the elevator of your building.
4. Third-party Liability and Medical Expenses for Pets (Dog or cat only)
It’s not surprising to hear news of furkids injuring others accidentally. Third-party liability protection for pets can compensate for injury, illness, death and loss of property to a third party caused by the insured dog or cat at the insured premises. Moreover, some insurers may cover eligible vet bills arising from illness or accidents.
5. Tenanted property
It covers the loss of rent payable to you as a landlord if the building is tenanted under a formal tenancy agreement with a third party for the period in which the building becomes uninhabitable as a result of accidental loss or damage.
6. Replacement of lock and/ or key
It compensates replacement and installation cost if door lock(s) and/ or key(s) of home are lost or damaged due to burglary or attempted theft.
7. Domestic helper’s property
It covers accidental loss of or damage to the property belonging to your domestic helper at home.
8. Alternative accommodation
It covers expenses for alternative accommodation incurred if the insured home becomes uninhabitable due to accidental loss of or damage to household contents.
9. Feng Shui Consultation
Any Feng Shui consultation costs and expenses incurred when your home is made uninhabitable by any of the causes insured may be compensated.
10. Loss of personal documents
It covers for replacement of passports, HKID cards, driving licenses as a result of forcible entry to the premises where such items were lost.
11. Personal accident
Except for personal accident Insurance and medical insurance, some home insurance plans can also cover you and the insured family member(s) against accidental death or permanent total disability in the event of an accident.
12. 24-hour home assistant service
Some of the home insurance policies also provide round-the-clock services such as electrical assistance, plumbing assistance, locksmith assistance, general repair on household items, baby setting/ nursing referral, temporary domestic helper referral etc.
(The benefits mentioned above may be adjusted under different circumstances, terms and conditions, and may be subjected to a daily limit or an aggregate limit in each case. For detailed coverage or exclusions, please refer to individual policy terms and conditions.)
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