Mid Market Home Insurance
We term as "Mid market" to those plans that provide a limited flexibility for choose you contents sums insured and provide the option of taking over HKD1m in home contents cover.
The key products in this mid range market, we see as being the Captains and New Settlers plans from AXA and the Prestige, from AIG.
AXA provides two excellent, monthly paid home plans for the professional market in Hong Kong.
1. AXA Captain's Home Plan (CHP)
Includes:
- Home contents (compulsory)
- Personal valuables (optional) Unlike most comparable plans in the market, AXA does not require proof of value for items worth over HKD30,000, but it does ask you to list them. In the event of a loss, you will at that stage need to prove the value of the lost/damaged item.
- FREE Employees' Compensation cover for any number of helpers
- FREE liability cover of HKD5m as tenant for legal liability to your landlord including accident breakage of glass in windows, doors, sanitary ware and bathroom fittings or loss caused by escape of water etc.
Apply now for instant cover - AXA does not charge for the balance of a month or the entire succeeding month. Premiums are payable monthly, a recognition both of the convenience of monthly payment. Please refer to the policy for complete details.
AXA Captain's Home Plan (CHP) - Rates by Sums Insured
AXA - Captain's Home Insurance Plan - Application Form
AXA General - Captain's Home Insurance Plan - Brochure
AXA-Ge - Captain's Home Insurance Plan - Policy
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2. New Settlers Home Plan (NSP) - Rates by Square feet of your home
Includes:
- Home contents, personal valuables HKD5M Liability cover and FREE domestic helper cover (with basic medical benefits), all within one convenient package.
- The premium rate and cover are based on the square footage of your house/ apartment. There is no flexibility to amend the cover and this is what makes this plan probably the best value home plan on the market.
- Unlike most comparable plans in the market, AXA does not require proof of value for items worth over HKD30,000, but it does ask you to list them. In the event of a loss, you will at that stage need to prove the value of the lost/damaged item.
- FREE liability cover of HKD5m as tenant for legal liability to your landlord including accident breakage of glass in windows, doors, sanitary ware and bathroom fittings or loss caused by escape of water etc.
- OPTIONAL annual travel insurance for your helper if he/she travels with you.. just HKD49/ month!
- OPTIONAL annual travel insurance for you and your family.. just HKD198/ month for a family of four or more!
AXA - New Settlers Insurance Package - Policy
AXA General - New Settlers Insurance Package - Application Form
AXA General - New Settlers Insurance Package - Brochure
AIG's Prestige plan for example, provides 2 options for contents cover to a maximum of
- HKD1.5m
- HKD2.5m
AIG Prestige
The key benefits of the different AIG Prestige options are as below:
| AIG Prestige - mid market plan | Gold | Platinum |
| Maximum Sum Insured | HKD1.5m | HKD2.5m |
| Household Contents | HKD100,000/item | HKD200,000/item |
| Personal Effects & Valuables | HKD300,000 | HKD1,000,000 |
| Non-fragile fine arts | HKD50,000 | HKD1m/ HKD100k per item |
| Wine and vintage wine | HKD5,000/ HKD1500 per item | HKD15,000/ HKD1,500 per item |
| Stamps, coins & collectibles | HKD2,000/ HKD800 per item | HKD2,000/ HKD800 per item |
| Camera, furs, silverware, musical instrument | HKD100,000/ HKD25,000 per item |
HKD500,000/ HKD50,000 per item
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| Other personal effects & valuables | HKD300,000/ HKD25,000 per item |
AIG Prestige
