Home Landlord Home Landlord Insurance Always Listening Always Understanding
It is not surprising that you want to be a landlord given current low interest rate environment. On one hand you can secure your asset, and on the other hand you can earn steady rental income. Nevertheless, are you aware of the additional risks of being a landlord? Such as the loss of or damage to the household contents that you leave to your tenant, or the rental loss and the of unforeseen incident, or the liability as landlord towards third party bodily injury or death arising out of improper property maintenance. To protect these landlords against these additional risks, Prudential General Insurance Hong Kong Limited provides PRUchoice Home Landlord Insurance. Coverage at a Glance Section 1 We will cover accidental loss of or damage to your household contents when they are temporarily removed from your leased premises elsewhere in Hong Kong for the purpose of professional cleaning, repair or HK$50,000 per year. We will cover cost of removal of debris following accidental damage to the leased premises, subject to a Loyalty Bonus An additional cover of HK$50,000 for the will be granted automatically upon each renewal at no additional cost, regardless of # Item means an article, a pair or set of articles. Section 2 Household Contents Maximum Limits (HK$) Loss of Rent Maximum Limits (HK$) "All Risks" cover is provided for your household contents at the leased premises including furniture, household goods and appliances. Protection will be on a New for Old basis to cover the cost of repair or replacement of accidental loss or damage. $400,000/year $50,000/item # premises being uninhabitable after an accident, or the death of tenant arising from murder or suicide #. $60,000/year ($20,000/month; of 3 months) Extensions We will cover accidental loss of or damage to your household contents at the leased premises during the period of interior decoration or renovation, given that the total contract value is under HK$250,000 and the period involved is less than 60 consecutive days. Extension incurred for rental recovery or repossession of the premises from the tenant, and the outstanding rent not ruling. # result of jumping, hanging, cutting and charcoal burning, and such has to be proven by the HKSAR government.
Section 3 Optional Cover Section 4 Property Owner s Legal Liability owner of the premises for an incident at leased premises or in the common area of the building. Building Structure (Premium Rate: 0.07%) Protect the building structure of your leased premises against major disasters and water damage, by reimbursing you with the reinstatement value or actual repair cost up to the sum insured of your building as declared under this Section. Removal of Debris We cover the cleaning cost and Maximum Limits (HK$) $5,000,000/ year Maximum Limits (HK$) Insured on Building Structure Promotion Period: 1 January to 31 December 2014 Comprehensive Products to Cater for Your Needs Prudential General Insurance Hong Kong Limited takes care of your everyday needs by providing a comprehensive range of products, including: - PRUchoice Card Protection Plus - PRUchoice China Accidental Emergency Medical - PRUchoice Clinic - PRUchoice Golfers - PRUchoice HealthCare - PRUchoice HealthCheck - PRUchoice Home - PRUchoice Home Deluxe - PRUchoice Maid - PRUchoice Medical - PRUchoice MediExtra - PRUchoice Motor - PRUchoice Personal Accident - PRUchoice Personal Accident Plus - PRUchoice Travel - PRUchoice BMX (Building Management Xtra) - PRUchoice BOX (Business Owners Xtra) - PRUchoice - PRUchoice Group Medical - PRUchoice Group Life - Fire Insurance and many other insurance products. T consultant/broker. For further information, please contact: Prudential General Insurance Hong Kong Limited (A member of Prudential plc group) 3/F, DCH Commercial Centre, 25 Westlands Road, Quarry Bay, Hong Kong Tel: (852) 3656 8190 Fax: (852) 2164 8445 www.prudential.com.hk Premium Table Gross Floor Area (sq.ft.) Annual Premium (HK$) Note : This Brochure is for reference only and does not constitute any contract or any part thereof between Prudential General Insurance Hong Kong Limited and any other parties. Regarding other details and the terms and conditions of this insurance, please refer to the policy document. Prudential General Insurance Hong Kong Limited will be happy to provide a specimen of the policy document upon your request. 700 or below 590 800 GI3/BR0148B/P01 (01/14)
GI3/BR0148B/P01 (01/14) www.prudential.com.hk