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Please read this Policy carefully upon receipt and promptly request the Company for necessary amendments.


WHEREAS the Insured named in the Schedule, by a Proposal and Declaration, which shall be the basis of this Contract and is deemed to be incorporated herein, has applied to the Company named in the Schedule (hereinafter called "the Company") for the insurance hereinafter contained and has paid or agreed to pay the Premium mentioned in the Schedule as consideration for such insurance.

NOW THIS POLICY WITNESSETH that in respect of events occurring during the Period of Insurance mentioned in the Schedule and subject to the Terms of this Policy.

Section 1 - Household Contents "All Risks"

The Company will subject to the Terms of the Policy indemnify the Insured by payment, repair, reinstatement or replacement against the following events:

1.1 Household Contents

Accidental physical loss of or damage to Household Contents, as herein defined, contained in the Buildings at the Insured Premises specified in the Schedule PROVIDED THAT the Company shall not pay more than:

Basis Of Claim Settlement

The Company will indemnify the Insured on a "New for Old" basis as explained below:


a.
  1. Where the Damage can be economically repaired, the Company will either arrange or authorise repair.
  2. Where the Damaged or Lost article can be replaced with an article of similar quality, the Company will either arrange or authorise replacement or replace as new with an article of similar quality.
  3. Where the Company is unable to economically repair or replace the article with an article of similar quality, the Company will make a cash payment equal to an agreed replacement value.
  4. Where the Company offers repair or replacement but the Insured prefers a cash settlement, the Company will pay the Insured an amount equal to the amount the Company would have paid had the article been repaired or replaced.
b.For clothings and household linens, furs, footwears, curtains, upholsteries, the Company may make a deduction for wear, tear and depreciation.
c. For Household furniture including: pianos and organs, household appliances including refrigerators, record players, radios, television sets and similar electrical property for domestic use; fixed and unfixed carpets, the basis of settlement will be the cost of reinstatement or repair to a condition substantially the same as but not better nor more expensive than their condition when new without any deduction for wear, tear or depreciation.
d. In the case of loss of or damage to any article or articles, whether scheduled or unscheduled, which are a part of a set, the measure of loss of or damage to such article or articles shall be the rateable proportion of the total value of the set, and in no event such loss or damage be construed to mean total loss of the set.
e. In the case of loss of or damage to any part of the Insured property whether scheduled or unscheduled consisting, when complete for use, of several parts, the Company shall only be liable for the value of the part lost or damaged, including the cost of installation.
f. If the property insured shall at the time of the time of any event giving rise to a claim under this policy be collectively of greater value than the Sum Insured thereon, then the Insured shall be considered as being his/her own insurer for the difference and shall bear a rateable proportion of the loss accordingly. Each item of this Policy shall be separately subject to this condition.
Extra Benefits
The Company will pay for
1.2 Temporary Removal

Accidental physical loss of or damage to Household Contents whilst temporarily removed from the Buildings for cleaning, renovation, repair or other similar purposes, not for depository, but remaining in other premises within the Geographical Area PROVIDED THAT the amount recoverable hereunder shall in no case exceed:

Cover hereunder is distinct and separate from cover under 1.3 below.

1.3 In Transit

Accidental physical loss of or damage to Household Contents whilst in transit between the Buildings and any new home of the Insured within the Geographical Area, but excluding the first amount of any claim specified in the Schedule as Contents Transit Excess PROVIDED THAT the amount recoverable hereunder shall in no case exceed:

Cover hereunder is distinct and separate from cover under 1.2 above.

1.4 Loss of Money

Money lost by theft in the Buildings PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Loss of Money Limit.

1.5 Replacement of Locks

Cost of Replacement door locks and/or window locks of the Buildings following loss of keys with items that are of similar but not better quality PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Replacement of Locks Limit.

1.6 Frozen Food

Cost of replacing frozen food in the Insured's refrigerator spoiled by:

PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Frozen Food Limit.

1.7 Alternative Accommodation

Reasonable expenses of alternative accommodation actually incurred by the Insured during the period necessary for the reinstatement of the Buildings in the event of the Buildings being rendered uninhabitable due to loss or damage covered under this Policy PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount equal to the Sum Insured under Section 1 times the percentage specified in the Schedule as Alternative Accommodation Limit. Cover hereunder is distinct and separate from cover under Section 2 -2.2 below.

1.8 Removal of Debris

Cost of removal of debris at the Buildings necessarily incurred by the Insured due to loss or damage covered under this Policy PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Removal of Debris Limit.

1.9 Compensation for Death of The Insured

If the Insured shall suffer bodily injury whilst in the Buildings caused by violent external and visible means and sustained as a result of fire or caused by thief and if such bodily injury shall within three calendar months result in the death of the Insured, subject to the Death Compensation Limit specified in the Schedule, compensation to the Insured's personal representatives. Where the Insured is named in the Schedule as comprising of two or more persons, each such person is entitled only to a portion of the Death Compensation Limit by dividing the Death Compensation Limit equally amongst the total number of persons jointly named as the Insured.

1.10 Wallpaper and Paint

Accidental physical loss or damage to wallpapers and paint belonging to the Insured or where the tenant is legally responsible under a tenancy agreement for the decorative state of the interior walls PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Wallpaper and Paint Limit.

1.11 External Television and Radio Antennae, Aerials, Aerial Fittings, Masts and Towers

Accidental physical loss or damage to external television and radio antennae, aerials, aerial fittings, masts and towers EXCLUDING loss or damage caused by hurricane, cyclone, typhoon or windstorm PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as External TV etc. Limit.

1.12 Breakage of Interior Fixed Glass Panes

Accidental physical loss or damage to breakage caused by an Insured Peril of interior fixed glass panes contained in the Building, PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Breakage to Interior Fixed Glass Panes Limit.

Exceptions to Section 1

1E.1 The Company will not pay for loss or damage caused by or contributed to:

1E.2 The Company will not pay for loss or damage to:

1E.3 The Company will not pay for loss or damage caused by theft if the premises remain unoccupied for a period of more than fourteen consecutive days without written consent from the Company notwithstanding what is stated in General Exception 7.

Maximum Amount of Indemnity

The maximum amount of the Company will pay under this Section during the period of insurance is the Total Sum Insured shown on the Schedule against this Section and is inclusive of all the above Extra Benefits.

Section 2 - Buildings "All Risks"

The Company will subject to the Terms of the Policy indemnify the Insured by payment, repair, reinstatement or replacement against the following events:

2.1 The Buildings

Accidental physical loss of or damage to the Buildings, as herein defined, at the Insured Premises specified in the Schedule.

Basis of Claim Settlement

The Company will indemnify the Insured with the cost of repair following partial damage or replacement as new following total loss or destruction, subject to the repairs or replacement being carried out.    The Sum Insured on Buildings must represent the full rebuilding costs at the time of the loss or damage.    If it does not, then payment will be made after a deduction for any wear, tear or depreciation.    The Company will not pay, in addition, any reduction in market value.

The Company will not pay for the replacement of or work on any undamaged items or remaining parts of the Buildings solely because they form part of a set, suite, group or collection of articles of a similar nature, colour, pattern or design.

Extra Benefits

The Company will pay for

2.2 Alternative Accommodation or Loss of Rent

Reasonable expenses of alternative accommodation or Loss of rent payable to the Insured (the former regarding the Insured's interests as the occupier of the Buildings and the latter as the owner of the Buildings) actually incurred by the Insured during the period necessary for the reinstatement of the Buildings in the event of the Buildings being rendered uninhabitable due to loss or damage covered under this Policy PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount equal to the Sum Insured under Section 2 multiplied by the percentage specified in the Schedule as Alternative Accommodation or Loss of Rent Limit. In case the Insured is the owner and is simultaneously interested both as occupier and lessor, indemnity hereunder shall be apportioned according to the area of those parts of the Buildings occupied by the Insured and the lessees respectively.

2.3 Architects' and Surveyors' Fees

Architects' and Surveyors' Fees (for estimates, plans specifications, quantities, tender and supervision) necessarily incurred in the reinstatement or replacement of the Buildings hereby insured due to loss or damage covered under this Policy except insofar as the Company elects to reinstate or replace wholly or in part any property so damaged or destroyed PROVIDED THAT the amount payable in respect of such fees shall not include expenses incurred in connection with the preparation of the Insured's claim, PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount equal to the Sum Insured under Section 2 multiplied by the percentage specified in the Schedule as Architects' and Surveyors' Fees Limit.

2.4 Removal of Debris

Cost of removing debris, dismantling and/or demolishing, shoring up or propping of the portion or portions of the Buildings necessarily incurred by the Insured due to loss or damage covered under this Policy PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Removal of Debris Limit.

2.5 Breakage of Window Panes

Accidental physical loss or damage to breakage caused by an Insured Peril of window panes (including the cost of boarding up broken windows) contained in the Building, PROVIDED THAT the Company's limit of liability hereunder shall not exceed the amount specified in the Schedule as Breakage of Window Panes Limit.

Exceptions to Section 2
(refer to General Exceptions)
Maximum Amount of Indemnity

The maximum amount of the Company will pay under this Section during the period of insurance is the Total Sum Insured shown on the Schedule against this Section and is inclusive of all the above Extra Benefits.

Section 3 - Public & Personal Liability

3.1 The Company will, subject to the amount specified in the Schedule as Limit of Indemnity, indemnify the Insured against all sums for which the Insured and member of the Insured's family including domestic servants (ordinarily residing with the Insured at the Insured Premises specified in the Schedule) may be legally liable:
  • as a private householder
  • as a private owner
  • in private and personal capacity other than (A) and (B) above in respective of:
    • accidental bodily injury (whether fatal or not),
    • accidental damage to property
occurring during the Period of Insurance and within the Geographical Limits, including all costs and expenses recoverable by any claimant from the Insured and all costs and expenses incurred with the written consent of the Company.
3.2 In the event of the death of the Insured, the Company will, in respect of the liability incurred by the Insured, indemnify the Insured's personal representatives in the terms of and subject to the Limitations of this Section provided that such personal representatives shall as though they were the Insured observe, fulfill and be subject to the Terms of this Policy so far as they can apply.    For the purpose of this Section, the Insured shall be deemed to include the husband or wife of the Insured.
3.3 The Company is entitled to pay at any time to the Insured the Limit of Liability or any lesser amount for which any claim or claims can be settled and upon such payment, the Company shall relinquish conduct and control of and be under no further liability hereunder in connection with such claim or claims except for costs and expenses incurred with the written consent of the Company in respect of the conduct of such claim or claims before the date of such payment.
Geographical Limits
Exceptions to Section 3

3E.1 The Company shall not be liable in respect of:

Jurisdiction Clause

The indemnity provided by this Policy shall not apply in respect of judgements which are not in the first instance delivered by or obtained from a Court of competent jurisdiction within Hong Kong nor to orders obtained in the said Court for the enforcement of judgements made outside Hong Kong whether by way of reciprocal agreement or otherwise.

Limit of Indemnity

The maximum liability of the Company under this section for all sums payable arising out of one occurrence or series of occurrences consequent on one source or original cause will not be more than HK$5,000,000. The Company may in connection with any one claim or number of claims arising out of one occurrence pay to the Insured the Limit of Indemnity (after deduction of any sum or sums already paid as compensation) or any less amount for which such claim or claims can be settled and thereafter the Company shall be under no further liability under this Section in connection with such claim or claims except for costs and expenses of litigation recoverable or incurred in respect of the conduct of such claim or claims prior to the date of such payment.

Section 4 - Worldwide "All Risks"

The Company will subject to the terms of the policy indemnify the Insured in respect of valuables and personal effects against any accidental physical loss or damage happening anywhere in the World.

Valuables
Jewellery, items of gold, silver or other precious metals, watches and furs.
Personal Effects
Articles of personal use specially designed to be worn or carried, belonging to the Insured or any member of his/her Family.
Exceptions to Section 4

4E.1 The Company will not cover:

Extra Benefits

The Company will pay for

Basis of Claim Settlement

The Company will pay up to the Sum Insured for each item in the Schedule for the cost of:

1.
  • repair if an item is partially damaged,
  • replacement as new if an item is totally lost or destroyed, subject to the repairs or replacement being carried out.
For clothings and furs, the Company may make a deduction for wear, tear and depreciation.If a damaged item can be repaired but the repair is not carried out, the Company will pay the reduction in value of the item as a result of the loss or damaged but not exceeding the estimated cost of repair. If an item has been totalling lost or destroyed or cannot be satisfactorily repaired and replacement is not carried out, the Company will pay the value of the item at the time of the loss or damage.
2. In the case of loss of or damage to any article or articles, whether scheduled or unscheduled, which are a part of a set, the measure of loss of or damage to such article or articles shall be the rateable proportion of the total value of the set, and in no event such loss or damage be construed to mean total loss of the set. In the case of loss of or damage to any part of the Insured property whether scheduled or unscheduled consisting, when complete for use, of several parts, the Company shall only be liable for the value of the part lost or damaged, including the cost of installation.
3. The Company will not pay more than HK$3,000 for any individual single item unless specified in the Schedule.
4. If the property insured shall at the time of any event giving rise to a claim under this policy be collectively of greater value than the Sum Insured thereon, then the Insured shall be considered as being his/her own insurer for the difference and shall bear a rateable proportion of the loss accordingly.    Each item of this Policy shall be separately subject to this condition.
Maximum Amount of Indemnity
The maximum amount of the Company will pay under this Section during the period of insurance is the Total Sum Insured shown on the Schedule against this Section and is inclusive of all the above Extra Benefits.

General Definitions

The following terms, when used in this Policy, shall have the below-mentioned meaning

Buildings

The buildings of the private dwelling house or private flat situated at the Insured Premises as described in the Schedule and of all garages and outbuildings used solely in connection therewith and on the same premises and shall include landlord fixtures and fittings therein and the walls, gates and fences around and pertaining thereto.    Provided that for the purposes of Section 2, the Buildings shall be deemed to exclude:

Household Contents

Furniture, household goods and personal effects (except any specifically insured in the Schedule as separate items) the property of the Insured or any member of his/her family including his/her domestic servant normally residing with him/her and fixtures and fittings the property of the Insured or for which he/she is legally responsible, excluding:

Geographical Area

Hong Kong (other than Section 4)

Losses

Any accident, loss, damage, expense, liability or bodily injury.

Money

Cash, currency notes, coins, cheques, postal orders, bankers drafts, travel tickets, saving certificates, current postage stamps, gift tokens, all held for social and domestic purposes but also limited to the face value thereof and not for any commemorative sentimental antique or rarity value whatsoever.

Terms

The terms exceptions and conditions contained herein or endorsed hereon.

General Exceptions

This insurance does not cover:

General Conditions