Home Insurance
Building Insurance
Home contents insurance
FAQs
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- What is home insurance?
Home insurance is a type of insurance that provides financial protection against damage or loss to your home and its contents due to various unforeseen events, such as natural disasters, fires, theft, and more.
- What are the common types of home insurance?
The common types of home insurance include building insurance (also known as fire insurance) and home contents insurance.
- What does building insurance cover?
Building insurance primarily covers damage to the structure of your building, including walls, floors, ceilings, doors, windows, toilets, pipes, and wash basins. It typically reimburses the cost of repairing or rebuilding these structures in case of eligible insured accidents like floods, fires, typhoons, landslides, earthquakes, etc.
- What does home contents insurance cover?
Home contents insurance protects the belongings within your home, such as valuables (jewelry, money, collectibles), furniture, home appliances, and decorations. It compensates for damage or loss caused by accidents like fire, flooding, explosion, or theft.
- What are some examples of coverage under home insurance?
Examples of coverage include compensation for damages like cracks in the wall due to a typhoon or glass breakage caused by a typhoon.
- What are some examples of situations not covered by home insurance? Examples of non-insurance situations may include damages during a renovation period, such as cracks in building walls, unless specific renovation insurance is purchased.
- What should I consider when purchasing home insurance?
When purchasing home insurance, it’s essential to carefully review the terms, exclusions, deductibles, and claim limits of the policy. Additionally, consider the coverage amount based on your building area, as higher coverage typically results in higher premiums.
- What should I do if I have questions or need assistance with home insurance?
If you have questions or need assistance with home insurance, you can contact our center’s free consultation hotline at 6687 2389. Our financial social workers will be happy to assist you, especially if you’re experiencing emotional distress due to financial pressure.