There are many home insurance policies on the market, which generally cover loss or damage to personal property caused by accidents, interior decoration and fixed installations, furniture, appliances and personal belongings, temporary accommodation allowance (for those unable to live in their home due to accidents), and losses caused by accidents such as fire, flooding, and burst pipes. Third-party liability coverage: Coverage amounts can reach HK$5 million to HK$10 million, covering injury or property damage to third parties caused by home accidents. Some plans also include coverage for personal injury or property damage caused to third parties by pets

Some home insurance policies extend coverage to include: loss of credit/cash card due to theft, accidental damage to mobile phones, laptops, or tablets, global personal belongings protection, global legal liability protection, domestic helper personal property insurance, pet-related protection, unauthorized transactions, and more..

We recommend consulting with an AWM professional consultant to learn more before purchasing insurance .

In 2024, the basic plan, based on units under 500 square feet, would cost approximately $600 to $1000 annually. Coverage includes: damage to the home due to accidents and natural disasters, home property protection, and third-party liability protection

However, it is important to be aware of other factors that affect the premium, such as the property size, building age, and the level of the deductible (basement fee)

We recommend consulting with a professional advisor before purchasing insurance. For details, you can consult AWM Insurance'shome insurance expertsfor a quick and prompt response.

Home insurance is a comprehensive insurance that typically covers damage or loss of home property, money, furniture, appliances, clothing, collectibles, etc., caused by accidents. Policyholders can choose different levels and coverage of home insurance according to their own needs, such as multiple protections including property, public liability, personal accident, and self-selected buildings

Fire insurance focuses on protecting the building structure itself, including floors, ceilings, doors, windows, and walls, but does not cover property damage covered by home insurance. In the event of a natural disaster, fire insurance provides compensation for buildings that are damaged or require reconstruction

The coverage varies among different home insurance policies. Formore details, please consult.

Whether you are a homeowner, a landlord, or a tenant, you should purchase home insurance as needed

Even if the landlord has purchased home insurance, many leases stipulate that "the tenant is responsible for the fixed installations and furnishings in the unit." If the tenant's belongings are damaged due to accidents, explosions, fires, or typhoons, they will have to compensate the landlord. If home insurance has been purchased, the relevant risks can be transferred to the insurance company

In addition, tenants are also required to compensate for third-party liability caused by accidents in the home. For example, there have been previous incidents of water leaks, burst bathtub drain pipes leading to damage to building elevators, and windows flying off, resulting in injuries or property damage to third parties. The compensation amount can reach hundreds of thousands. If third-party liability insurance has been purchased, it can be covered according to the personal liability protection terms

To learn more about different claim conditions, please contact AWM Insurance'shome insurance consultant.

Home insurance can be purchased at any time, but we recommend considering the following factors:

When you first buy a new house: The best time to buy home insurance is when you are buying or considering buying a house.

During the mortgage period: If your home is purchased with a mortgage, the bank will usually require you to purchase a certain amount of fire insurance. However, you can also consider adding other additional protections, such as home and property insurance.

When renting a house: Even if you are a tenant, it is recommended to purchase home insurance to protect your personal property, public and third-party liability.

When your living situation changes: When your living situation changes, such as moving into a new house, adding family members, or purchasing expensive items, it is time to reassess your home insurance needs.

Before purchasing insurance, it is recommended to understand the coverage scope. AWM Insurance's home insurance consultants can recommend the most suitable home insurance plan for your situation

AWM provides quick quotes from home fidelity professionals. Based on professional knowledge and experience in handling claims, we will evaluate your long-term costs and find the home insurance plan that best suits you. From selecting plans, applying for insurance, and making claims, our professional team will follow up carefully and quickly, and respond within one working day to ensure that your home and property receive the required protection

You can choose to contact AWM's experienced claims team, who will assess your claims and amounts, and follow up on the claims with your insurance company on your behalf. Alternatively, you can contact your insurance company directly to handle the claims