Investing in rental property is a good way to protect your wealth and to generate a steady income. Nevertheless, it may also bring you troubles and anxieties by unforeseen circumstances. HomeChoice Insurance Plan – Landlord Insurance (the “Plan”) eases your mind with its multiple protections.

HomeChoice Insurance Plan – Landlord Insurance offers multiple protections to all landlords, just like you.

Liability care

Liability care Owner’s Legal Liability and Owner’s Liability in Common Area
Legal Liability coverage up to HKD10,000,000 to protect you as a landlord against compensation which you will become liable should any accidents happen at your property or in the common area.

Property care

Property care Loss of Rent
Compensates your rental loss up to HKD20,000 per month for a maximum of six months, if:

• your home is made uninhabitable by an insured cause; or
• there is any outstanding rent unpaid by your tenant (subject to certain policy terms and conditions).

Home Contents
Zurich provides up to HKD250,000 coverage to the home contents owned by you in your rental property such as furniture, fixtures, fittings and interior decoration

Offer you emergency support

Offer you emergency support 24-hour Emergency Home Assistance Service
Zurich provides a comprehensive 24-hour Emergency Home Assistance Service to make life easier for you and your tenant. As a valued-added benefit, “Hassle-free cashless approach”^* is now available. The service includes:

• Plumbing assistance
• Electrical assistance
• Locksmith assistance

Support green initiatives

Support green initiatives

• Cover emerging green risks of Solar PV system
• Provide recycling referral service to encourage green lifestyle
• Provide liability cover arising from Solar PV system and Electric vehicle (EV) charging facilities

To enroll or to learn more

• Call 2806 5038
• Click Here to enroll in HomeChoice Insurance Plan – Landlord Insurance
• Click Here for Fubon Home Plus Insurance Plan – Householder Insurance

Benefits Table

Benefits Table

Coverage	Maximum amount (HKD)
Basic coverage
Section 1 – Legal Liability
Legal liability as a home owner and home owner’s liability in common area	Annual coverage 10,000,000
Section 2 – Home Contents1
Maximum coverage	Annual coverage 250,000
A) Core benefit
• Home contents	100,000/set
B) Extended benefits
Your property protection
• Damage by firemen	250,000/year
• Debris removal	20,000/accident
• Outdoor property	50,000/accident (2,500/item)
• Temporary removal	50,000/accident
• Interior decoration period	100,000/accident
Your loss of rent
(a)  When your home is made uninhabitable by an insured cause, or (b)  When your tenant has not paid the rent according to the terms and conditions as written in the “Tenancy Agreement”, provided that you have (i) taken legal action against your tenant; and (ii) obtained court judgement against your tenant on the outstanding rent; and (iii)  failed to receive the outstanding rent within one month after the court judgment is handed down.	20,000/month Maximum indemnity period: 6 months
Section 3 – Emergency Assistance Benefits
24-hour Emergency Home Assistance Service
• Electrical, plumbing, locksmith assistances	Hassle-free cashless approach
Optional coverage
Section 4 – Building2
Accidental damage to the building	Based on rebuilding cost
Extended benefits
• Debris removal	5% of rebuilding cost/accident
• Architects’ and surveyors’ fee	5% of rebuilding cost/accident

Premium Table

Premium Table

		Annual premium (HKD)
Floor area (Sq Ft)3		Basic coverage	Optional coverage – Building
Gross floor area	Saleable area
500 or below	400 or below	700	575
501-700	401-560	870	725
701-1,000	561-800	1,050	1,173
1,001-1,500	801-1,200	1,280	1,760
1,501-2,000	1,201-1,600	1,430	2,346
2,001-2,500	1,601-2,000	1,710	2,875
2,501-3,000	2,001-2,400	1,980	3,508
3,001-3,500	2,401-2,800	2,310	4,140
3,501 or above	2,801 or above	2,700	4,692

Annual Premium (HKD)
Optional extension of personal legal liability coverage to:
Car park space	345
Car park charger for electric cars	805

^*Cashless approach is applicable to designated area and hours only. Please refer to the policy wording for details.

1	For a residence situated in a multistorey building which is aged at 40 years or below, the standard policy excess under Home Contents section is Nil.
2	The standard policy excess applicable to landslide and subsidence under Building section is the first HKD10,000 or 10% of adjusted loss for each and every claim, whichever is the greater.
3	Customer can choose either gross floor area or saleable area as the basis for calculation of premium.

24-hour Emergency Home Assistance Service – Hassle-free cashless approach

24-hour Emergency Home Assistance Service – Hassle-free cashless approach

	Standard hours	Non-standard hours
Standard area	Cashless	HKD800 surcharge
Remote area	HKD800 surcharge	HKD1,200 surcharge

24-hour Emergency Home Assistance Service must be rendered by the service provider nominated by Zurich Insurance Company Ltd. The service is only applicable to the first site inspection and repair (not including any material costs) and is subject to service availability.

Standard hours	:	Technician arrival time: 9 a.m. to 9 p.m., Monday to Sunday except public holidays
Standard area	:	Hong Kong Island, Kowloon, New Territories and Tung Chung
Remote area	:	Outlying islands except Tung Chung and restricted areas (including Mai Po, boundary control points and villages of the Frontier Closed Area, etc.)

 

 

Terms and Conditions

Major exclusions: Unexplained loss, Illegal building works; electrical and mechanical breakdown; wear and tear; war; terrorism; radioactive contamination; pollution and contamination, etc.

Remarks: The above information is for reference only and does not constitute any part of the insurance contract. For full terms and conditions and exclusions, please refer to the policy document itself which shall prevail in case of inconsistency. Zurich Insurance Company Ltd (“Zurich”) is the insurance underwriter of the above insurance plan and is authorized and regulated by the Insurance Authority. Zurich is solely responsible for all approvals, coverage and compensation under this policy and reserves the right of final approval and decision on such matters. Zurich is not a subsidiary or an affiliate of Fubon Bank (Hong Kong) Limited (“Fubon Bank”). Fubon Bank is the licensed insurance agency appointed by Zurich , and is responsible for introduction of the insurance plans. The Plan is not the product of Fubon Bank. Fubon Bank is not responsible for approval, coverage and compensation under the Plan. In case you file a written complaint regarding the selling process or processing of the related transaction to Fubon Bank and the complaint is an “Eligible Dispute(s)” as defined in the Terms of Reference for the Financial Dispute Resolution Centre, Fubon Bank is required to enter into a Financial Dispute Resolution Scheme process with you if the Eligible Dispute cannot be resolved after Fubon Bank has issued the final written reply. If the complaint / dispute is related to the policy terms and conditions, it should be resolved directly between Zurich and you. Nevertheless, where practicable and appropriate, Fubon Bank will provide reasonable assistance to customers in the dispute resolution process. Levy collected by the Insurance Authority (if any) has been imposed on this policy at the applicable rate and would be remitted in accordance with the prescribed arrangements. For further information, please visit Zurich's company website: http://www.zurich.com.hk/ia-levy. Zurich is a company incorporated in Switzerland with limited liability and its principal place of business in Hong Kong is at 25-26/F, One Island East, 18 Westlands Road, Island East, Hong Kong. The English version shall prevail in case of inconsistency between the English and Chinese versions.