SmartHome Optimum is specially designed to provide you and your family with a simple and comprehensive cover for your household contents, personal belongings and legal liability.

 

Product features include

1.   All Risks on Home Contents

2.   Household Contents and Personal Effects

3.   Valuables

4.   Desktop Computer

5.   Liability to Third Party

6.   Optional Worldwide Personal Belongings

7.   Optional Building Insurance - All Risks

8.   15% Flexi Premium Discount

 

Free Additional Benefits

1.   Alterations or Repairs

2.   Alternative Accommodation

3.   Architects', Surveyors' and Consulting Engineers' Fees

4.   Automatic Reinstatement of Sum Insured

5.   Brittle Items

6.   Credit Cards

7.   Domestic Helper's Personal Effects

8.   Frozen Food

9.   Household Removal

10. Landslip & Subsidence

11. Locks Replacement

12. Money

13. Personal Accident

14. Property under Care, Custody and Control

15. Removal of Debris

16. Replacement of Personal Documents

17. Temporary Removal

18. 24-Hour Home Assistance Hotline Service

 

Brochure

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1. All Risks on Home Contents

• Protect household belongings on All Risks basis.
• Cover include fire, theft, typhoon, flood, water damage and landslide, as well as other types of accidental damage.
• Provide an adequate home contents sum insured ranging from $750,000 to $1,500,000 within a policy year, depending on the gross floor area.

Excess:

• Water damage: $1,000 or 10% of loss whichever is greater.
• Excess will be varied for Building over 25 years old. (The above Excess is just for indication.)

    
2. Household Contents and Personal Effects

• Cover household contents including furniture, fixtures, fittings and domestic appliances plus any personal effects such as clothes are covered on an unspecified basis.
• Maximum limit for each item: $150,000 or 10% of home contents sum insured whichever is lesser.

 

3. Valuables

• Valuables such as jewellery and watches are covered up to $15,000 for each item.
• Maximum limit within a policy year is $500,000 or one-third of home contents sum insured whichever is lesser.
   

4. Desktop Computer

• Cover your home desktop computer against accidental loss or damage up to a maximum limit of $15,000 within a policy year with an excess of first $500.

 

5. Liability to Third Party

• Provide protection for you, your family members(residing with you) and your domestic helper(s) (while performing the duties) against legal liability up to $5,000,000 per policy year.
• Compensate a third party suffering from injury or persons incurring loss or damage of their property as a result of an accident at your home, or as a result of your negligence worldwide.
• Owner's liability cover is extended to the common areas, provided that you are the owner of the insured property. Excess will be applied for Building over 25 years old.

 

6. Optional Worldwide Personal Belongings

• Protect personal belongings and valuables.
• Cover almost all types of loss or damage incurred anywhere in the world.
• Maximum limit up to $30,000 with a limit of $5,000 per article within a policy year.
   

7. Optional Building Insurance - All Risks

• Exclusive only to SmartHome Optimum policyholders.
• Cover Building on an innovative premium calculation method per the size of the Home.
• Save substantial premiums.
• Compensate either full re-building costs or up to the outstanding loan amount should the property be mortgaged.
   

8. 15% Flexi Premium Discount

• You will enjoy an extra 15% Flexi Premium Discount if you agree to a voluntary additional excess of $2,000 for each claim.

 

Free Additional Benefits

1. Alterations or Repairs

• Cover for loss of or damage to your home content while your home is under alterations or repairs.
• Maximum contract value : $100,000.

 

2. Alternative Accommodation

• Reimburse the expenses for alternative accommodation if your home becomes uninhabitable due to an insured accident.
• Up to $90,000 with a maximum limit of $1,500 per day within a policy year.

 

 3. Architects', Surveyors' and Consulting Engineers' Fees

• Cover architects', surveyors' and consulting engineers' fees necessarily incurred in the reinstatement of the property, up to a maximum limit of 5% of the home contents sum insured.

 

4. Automatic Reinstatement of Sum Insured

• In the event of loss or damage recoverable under SmartHome Optimum, the home contents sum insured will be immediately reinstated.

 

5. Brittle Items

• Cover accidental damage or loss to articles of glass, china, porcelain or other items of fragile nature.
• Up to a maximum of $5,000 within a policy year, with an excess of first $500.

 

6. Credit Cards

• Reimburse loss of credit cards due to direct result of the unauthorised use by any person not related to or residing with you.
• Up to a maximum limit of $10,000 within a policy year.

 

7. Domestic Helper's Personal Effects

• Cover accidental loss of or damage to domestic helper's property inside the home.
• Up to a limit of $25,000 with a maximum of $1,000 per item within a policy year.

 

8. Frozen Food

• Cover accidental damage to frozen food, up to $5,000 for any one event.

 

9. Household Removal

• Cover up to your home contents sum insured limit per policy year for damage or loss whilst moving between your current home and the new home within Hong Kong by professional removers.
• Subject to the limit per article or pair or set does not exceed $10,000.

 

10. Landslip & Subsidence

• Cover for loss of or damage to your Home Contents caused by subsidence of the site or landslip.
• Subject to an excess of first $10,000 or 10% of loss whichever is greater.

 

11. Locks Replacement

• Reimburse the cost of replacing locks, keys and broken windows due to theft or burglary.
• Up to a limit of $3,000 per policy year.

 

12. Money

• Cover money lost at home due to an insured accident.
• Up to a maximum of $2,500 within a policy year.

 

13. Personal Accident

• Free cover for accidental death as a result of fire, or armed robbery at home, up to a limit of $50,000.
• Spouse will receive the same cover while each Insured's family age 18 or below and 70 or above will receive $25,000.

 

14. Property under Care, Custody and Control

• Cover for loss of or damage to your household contents.
• Up to $50,000 with a maximum limit of $10,000 per article or pair or set within a policy year.

 

15. Removal of Debris

• Cover the cost of removal of debris when your home is accidentally damaged.
• Up to maximum limit of 10% of the adjusted loss.

 

16. Replacement of Personal Documents

• Pay for the replacement cost for the loss of personal documents including credit cards, passports, Hong Kong Identity Card and any certificate of identity.
• Up to a maximum limit of $1,500 within a policy year.

 

17. Temporary Removal

• Cover the loss of or damage to your home contents while temporarily removed from your home for cleaning, repairs or maintenance.
• Up to $50,000 with a maximum limit of $10,000 per article within a policy year.

 

18. 24-Hour Home Assistance Hotline Service

• Referral information on electrician, plumber, locksmith, house call/dental, baby-sitting/home nursing and pest control/cleaning services, provided by AXA Assistance.

• All amounts are in Hong Kong Dollars

Home Contents Sum Insured and Premium Table

  

Gross Floor Area of Your Home (In square feet)	Home Contents Sum insured	Annual Premium for SmartHome Optimum	Optional Worldwide Personal Belongings Annual Premium	Optional Building Insurance Annual Premium
Flat/Apartment
Less than or equal to 500	$750,000	$540	$225	$450
501-700	$750,000	$700		$620
701-900	$1,000,000	$1,000		$800
901-1,200	$1,000,000	$1,280		$1,020
1,201-1,500	$1,250,000	$1,600		$1,320
1,501-2,000	$1,250,000	$2,100		$1,750
2,001-2,500	$1,500,000	$2,700		$2,500
2,501-3,000	$1,500,000	$3,150		$2,800
House
Less than or equal to 1,200	$1,000,000	$2,000	$225	based on sum insured
1,201-3,000	$1,500,000	$4,500

Remark:

• All amounts are in Hong Kong Dollars
• Certain excess applies to some of the sections
• Subject to negotiation for flat/apartment or house with a gross floor area that exceeds 3,000 square feet

 

Proposal Form

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