- Spouse of owner
- Any person who owns the property
- The term of the policy will be 10 days to 1 year and can be renewed on a yearly basic.
The premium amount depends on:
Occupation of building
Adjacent of the building
Total sum insured
Classification of Building
- 0.20% on the sum Insured for the first class building
- 0.28% on the sum Insured for the second class building
- 0.84% on the sum Insured for the third class building
- 1.40 % on the sum Insured for the fourth class building
- Explosion caused by gas used for domestic purpose
- Losses or damages of extinguishing
|Riot,strike and malicious damage||0.06%|
|Earthquake and volcano explosion||0.10%|
|Various types of storm||0.20% ~ 0.25%|
|Flood and inundation||0.10%|
|Subsidence and landslide||0.10%|
|Burglary||0.25% ~ 1%|
One should inform to the company if any loss occur.
One should request the claim together with some required documents.
No Claim Bonus
25% bonus on premium starting from second year for not having a claim in the previous year .
Need to inform
if the insured item move to different place
if the owner of the insured item change .
if the value of the insured item change.