Flexible Choices of Sum Insured
I. Household Contents
Premium Table (MOP)
Gross Floor
Area(Sq. Ft.) |
Recommended
Sum Insured |
Annual Premium |
Year 1 |
Year 2 |
Year 3 and after |
|
(NCB = 10%) |
(NCB = 20%) |
Below 500 |
300,000 |
690 |
621 |
552 |
501 – 700 |
500,000 |
1,030 |
927 |
824 |
701 – 1,000 |
700,000 |
1,440 |
1,296 |
1,152 |
1,001 – 1,300 |
1,000,000 |
2,060 |
1,854 |
1,648 |
1,301 – 1,600 |
1,300,000 |
2,670 |
2,403 |
2,136 |
1,601 – 2,000 |
1,500,000 |
3,090 |
2,781 |
2,472 |
2,001 – 2,500 |
1,800,000 |
3,700 |
3,330 |
2,960 |
Over 2,500 |
Over 1,800,000 |
To be quoted by MIC Technical Risk Department |
Notes:
- The Policyholder is at all times responsible for deciding an appropriate sum insured for the property concerned.
- The sum insured for Special Objects (valuable items that can be easily taken out) is limited to 30% of sum insured for Household Contents and MOP20,000 for each Special Object.
- If the gross floor area is above 2,500 sq. ft. and/ or the sum insured is over MOP1,800,000, the annual premium will be quoted by MIC - Technical Risk Department.
II. Buildings Coverage
Can be insured on stand-alone basis, minimum sum insured is MOP 200,000. The annual premium will be quoted by MIC - Technical Risk Department.
No Claim Bonus (NCB)
If no claim is reported, Policyholder will receive a NCB of 10% after the first year. This NCB will be increased to 20% after the second year as long as no claim has been recorded.
Treasure your sweet home, subscribe to Sweet Home Household Protection WITH NO DELAY!
Remarks: The above information is only for reference. For a complete description of terms and conditions, please refer to the policy.
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