Landlord Insurance

Landlord Policies are designed to protect landlord's:

  • Liability as Owners of a property
  • Contents such as furnishings and electrical equipment
  • Loss of rent in a situation whereby the property becomes uninhabitable

Do note if is loss of rent you are looking for, the cover is somewhat limited, for example, the caps are as follow:

  • Zurich - HKD10,000 a month, max 3 months.
  • MSIG - HKD80,000 or 3 months rent, whichever is lower
  • Prudential - HKD20,000 max HKD60,000 pa.
  • FWD - Options for HKD80,000 & HKD120,000
  • AXA - Options for HKD60,000 & HKD90,000

Take a look at the leading landlord policies in the market and bear in mind you are better off with "All Risk" than purely 'Fire' Buildings cover as with All Risk policies, you simply need to show damage or loss has occurred. With Fire policies you need to link the loss to a defined peril.

If you are a landlord in HK there is probably no more cost effective way to insure a property against that risk of loss or damage than by taking a landlord policy. If you have a mortgage your bank will want a copy of this property and we will need to be careful to have the insurer clearly specify the sum insured (for loan protection purposes) required by your bank.

Call the helpful crew at Navigator 2530 2530 or email Mr Robin Brown or Ms Romi Gill at:

for any help you'd like with landlord or any other form of insurance.

Zurich LandlordCare Insurance Plan - Documents

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Table Of Benefits Premium Table
Coverage Maximum Benefit HK$
Annual Premium (HKD)
Basic Coverage Gross Area (sq. ft.) Basic Coverage Building (Optional)
Owner and personal legal liability 500 or below HKD520 HKD500
- Accidental bodily injury or property damage to third party and legal costs HKD10,000,000 501-700 HKD520 HKD630
Accidental damage to home contents protection 701-1,000 HKD720 HKD1,020
- Covers any accidental loss destruction or damage to your home contents 1,501-2,000 HKD720 HKD1,530
Gross floor area (sq. ft.) 700 or below HKD100,000 1501-2000 HKD920 HKD2,040
701 to 1,500 HKD150,000
Basic Coverage
1,501 or 2,000 HKD200,000
2,001 or above Individual Consideration
Free extensions
Loss or damage of home contents during home removal HKD50,000
Loss or damage of home contents during home renovation (renovation period not exceeding 2 months) HKD150,000
Removal of debris following accidental damage to home HKD150,000
Damage by firemen as a result of execution of duties As per sum insured
Green living cover extra 10% of the value of a new replacement of the damaged or lost energy efficient product with “Energy Efficiency Label”
Loss of Rent loss up to HK$10,000 per month if your property is made uninhabitable (maximum 3 months) due to accidental damages
Emergency assistance services
Plumbing or electrical assistance HKD500/ Incident
Other free referral services such as home nursing care, household appliance repairing, home cleaning and pest control, etc. Referral service
Optional coverage
Building
- Accidental damage to building Rebuilding Cost
Free extensions
Sub-limits:
Landslide and subsidence Rebuilding Cost
Professional architect consultation fees 5% rebuilding cost
Removal of debris following property damage 5% rebuilding cost
Excesses
~The excess under Home Contents Section is the first HK$250 each and every claim.
~ The excess under accidental damage to building section is the first HK$3,000 each and every claim (except fire, lighting and explosion). The excess under landslide and subsidence extension is the first HK$10,000 or 10% of adjusted loss each and every claim, whichever is greater.

MSIG Landlord Protector - Documents

Prudential Pruchoice Documents

Table Of Benefits Maximum Benefits Payable Per Year (HK$)
Premium Table
Section 1 Household Contents Annual Premium (HKD)
Household Contents Maximum Limits Gross Area (sq. ft.) Basic Coverage Fire Insurance on Building
Household Contents - New for Old replacement cover HKD400,000 700 or below HKD520 0.70%
HKD50,000/Item 701-1200 HKD800 0.70%
Extensions Over 1200 Price on Request HKD1,020
Loss or damage of home contents during home removal HKD50,000
Loss or damage of home contents during home renovation (renovation period not exceeding 60 days HKD250,000
Removal of debris following accidental damage to home HKD50,000
Damage by firemen as a result of execution of duties HKD5,000
Lyoyalty Bonus - Incresase in Sum insured each year - FREE (Max HKD200,000) HKD50,000
Section 2 Loss of Rent
if your premises is uninhabitable due to accidental damage to contents as insured
HKD20,000/Month up to a maximum of HKD60,000 pa
If your tenant dies as the result of murder or suicide (Suicide by Cutting ,Hangling Jumping or Charcoal Burning) and no one is paying the rent
If your tenant fails to pay rent and you have taken legal action, obtained a court judgement and could not receive the payment within one month of the court ruling
Section 3 Property Owners Legal Liability
Any claim against you as the owner of the insured premises (including Common Areaas) in the event of an accident causing a third party bodily injury or property damage HKD5,000,000
Section 4 Building Structure
Fire cover: ie Fire, Explosion, malicious damage, burglary and water damage. There is no 'All Risk' cover for accidental damage Sum Insured
Removal of debris following property damage 10% of sum insured on building structure

FWD's 'Landlord Protection Insurance' comprises 3 sections:

Section 1 - Rent Protection (Compulsory Cover)

Coverage

- Plan A - HKD 80,000

- Plan B - HKD120,000

3 months loss of rent cover & 3 months loss or rent when premises uninhabited and under renovation

HKD10,000 for repair of property deliberately damaged by tenant

The cover here is for the cost of making good damage done by the tenant to the insured premises, bearing in mind a possible offset by way of the rental deposit held by the landlord. (Note: A claim is only possible once you have successfully obtained a court judgement against the tenant)

Section 2 - Legal Cost and Expenses (Compulsory Cover)

Coverage - HKD25,000

This section provides reimbursement for the legal costs and expenses associated with taking action against the tenant to:

  • recover unpaid rent or to
  • regain possession of the insured premises

Section 3 - Owners Liability (Optional Cover)

Coverage - HKD5,000,000

This section covers you as the property owner, if you become legally liable for a claim against you for

A) accidental bodily injury to third parties;

B) accidental loss of or damage to third parties’ properties;

C)legal cost and expenses recoverable by any claimant from you and all reasonable cost and expenses incurred with FWD's written consent.

Annaul Premium

Plan A - HKD 980

Plan B - HKD1480

Optional Liability cover - HKD250

Call the helpful crew at Navigator 2530 2530 or email Mr Robin Brown or Ms Romi Gill at:

for any help you'd like with landlord or any other form of insurance.

Below is a summary of how we see the key areas of difference between the four leading plans.

Please talk to us about your prime concerns.. for example some of these plans allow you to also insure the rebuilding cost of your property.

Call the helpful crew at Navigator 2530 2530 or email Mr Robin Brown or Ms Romi Gill at:

for any help you'd like with landlord or any other form of insurance.

AXA's SmartHome Plus product includes an option for landlord cover .. see plan's 4 and 5 in the brochure below:

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