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- Coverage Summary
- Premium
- Eligibility
- Major Exclusions
- Free 24-hour home assistance referral services
CBIC Joy Comprehensive Home Insurance Plan
Coverage summary
For details of CBIC Joy Comprehensive Home Insurance Plan's policy provision, please click here.
Schedule of Benefits
| Item | Insured Particulars | PLAN I | PLAN II | Excess |
| Maximum Benefit Limits |
||||
| Total Sum Insured | $600,000 per year | $1,200,000 per year | Remark | |
| Unspecified Item Article (pair and set) Limit (inclusive in Home Contents’ Sum Insured) |
||||
| i. | Home Contents | $30,000 per article | $50,000 per article | Remark |
| ii. | Valuables | $30,0000 per article $300,000 per year |
$50,000 per article $350,000 per year |
|
| iii. | Brittle Items / Vintage wine | $5,000 per article $50,000 per year |
$10,000 per article $100,000 per year |
|
| iv. | Electronic Communication Products at Home including but not limited to Mobile phone, tablet &/or laptop computer (accidental loss or damage directly caused by fire or lightning or burglary) | $2,000 per article $10,000 per year |
$2,000 per article $10,000 per year |
|
| Item | Free Policy Extensions |
PLAN I | PLAN II |
Excess |
| 1.1 | Window Protection (Accidental loss or damage to residential windows directly caused by typhoon or rainstorms) |
$3,000 per accident | $3,000 per accident | Remarks |
| 1.2 | Interior Decoration/ Refurbishment Works carried out in the Insured Premises (only applicable to works with contract value not more than 10% of content sum insured) | Covered | Covered | |
| 1.3 | Cover loss and damage to home contents during home relocation within territory of Hong Kong | $10,000 per article $200,0000 per year |
$50,000 per article $200,000 per year |
$1,000 |
| 1.4 | Alternative Home Expenses &/or Loss of Rent whenever the insured premises is determined to be unfitted for occupation after insurable loss | $500 per day $20,000 per year |
$2,000 per day $60,000 per year |
- |
| 1.5 | Temporary Removal Protection for removal of household equipment from home for repair, maintenance, renovation, relocation or cleaning | $50,000 per article $200,000 per year |
$50,000 per article $200,000 per year |
- |
| 1.6 | Outdoor Property (Cover Balcony only) |
$3,000 per article $30,000 per year |
$3,000 per article $30,000 per year |
Remark |
| 1.7 | Cover Personal Effects carried by insured person including loss during outbound trip not more than 90 days. In case of theft or accidental loss, must be reported to the police within 24 hours after the loss is discovered (Exclude Electronic Communication Equipment) |
$2,000 per article $6,000 per year |
$2,000 per article $6,000 per year |
$500 |
| 1.8 | Loss of Money or Unauthorized Use of Credit Card | $10,000 per year Including $1,000 for Electronic Wallet (exclude virtual bank) |
$10,000 per year Including $1,000 for Electronic Wallet (exclude virtual bank) |
- |
| 1.9 | Replacement of Personal Documents | $3,000 per year | $3,000 per year | - |
| 1.10 | Replacement costs of Door Locks and Keys Covers the reasonable cost of replacing locks and keys to damaged residences due to burglary (Police records is required) | $3,000 per year | $3,000 per year | - |
| 1.11 | Removal of Debris | $50,000 per year | $50,000 per year | - |
| 1.12 | Deterioration of Frozen Food | $5,000 per year | $5,000 per year | $500 |
| 1.13 | Loss of Money caused by Domestic Helper (Police records is required) |
$10,000 per year | $10,000 per year | $500 |
| 1.14 | Adaptive home expenses | $100,000 per year | $100,000 per year | Remark |
| 1.15 | Domestic Helper’s Personal Effects | $2,000 per article $10,000 per year |
$2,000 per article $10,000 per year |
|
| 1.16 | 24-Hour Home Assistance Service Free referral service: A.Electrical assistance B.Plumbing assistance C.Locksmith assistance D.House Call Referral E.Baby Sitting/ Nursing Referral F.Temporary domestic helper G.Pest Control/ Cleaning Referral |
Covered | Covered | - |
Section 2 Third Party Legal Liability
(In Hong Kong Currency)
| Limit of Third Party Legal Liability (including litigation costs) Protection |
$10,000,000 per year |
$12,000,000 per year |
||
| Item | Free Policy Extensions |
PLAN I | PLAN II |
Excess |
| 2.1 | Protection for Interior Decoration/ Refurbishment Works carried out in the Insured Premises (only applicable to works with contract value not more than 10% of content sum insured) |
Covered | Covered | Remark |
| 2.2 | Tenant Third Party Legal Liability (applicable to rented premises only) | Covered | Covered | |
| 2.3 | Fire and Explosion Third Party Legal Liability Protection | Covered | Covered | |
| 2.4 | Domestic Pets Third Party Legal Liability | $2,500,000 per year | $2,500,000 per year | |
| 2.5 | Third Party Legal Liability Arising from Solar PV System | Covered | Covered | |
Section 3 Accidental injury and Assault Protection
(In Hong Kong Currency)
| Item | Insured Particulars | PLAN I | PLAN II | Excess |
| 3.1 | Accidental Death | $100,000 per person $200,000 per year |
$100,000 per person $200,000 per year |
- |
| 3.2 | Accidental Total Permanent Disablement (according to the scale of benefits stated under the Compensation Table) | $100,000 per person $200,000 per year |
$100,000 per person $200,000 per year |
- |
Optional Coverage (In Hong Kong Currency)
| Item | Insured Particulars | PLAN I | PLAN II | Excess |
| 1 | Third Party Liability arising from Electric Vehicle Charging Facilities owned by the Insured | $10,000,000 per accident |
$10,000,000 per accident | $500 |
| 2 | Third Party Bodily Injury &/or Property Damage claim arising out of the car park space owned by the Insured | $10,000,000 per accident | $10,000,000 per accident | Remark |
| 3 | Extra Third Party Legal Liability | Increased to $20,000,000 or $30,000,000 |
||
| 4 | Extra Home Contents Coverage | Refer to Underwriting |
||
| 5 | Building Structure (Fire Insurance) | Refer to Underwriting |
||
| Remark: |
||
| Excess (per claim): |
||
| Building age |
Typhoon, Windstorm, Rainstorm, Water Damage Excess(es) |
Other Excess(es) |
| 0 – 40 years |
$1,000 or 10% of loss whichever is the higher |
$500 |
| 41 – 45 years |
$10,000 or 10% of loss whichever is the higher |
$10,000 |
| 46 – 50 years |
$15,000 or 15% of loss whichever is the higher |
$15,000 |
Premium
Annual Premium Table#
(In Hong Kong Currency)
| Insured Premises Sableable Area (Sq.Feet) |
Plan I - HK$ 600,000 |
Plan II - HK$1,200,000 |
||
| Premium | IA Levy^ | Premium | IA Levy^ | |
| <=300 | 600 | 0.60 | 1,000 | 1.00 |
| 301-500 | 800 | 0.80 | 1,250 | 1.25 |
| 501-700 | 950 | 0.95 | 1,500 | 1.50 |
| 701-900 | Not Applicable |
1,700 | 1.70 | |
| 901-1,200 | 1,900 | 1.90 | ||
| 1,201-1,600 | 2,300 | 2.30 | ||
| 1,601-2,000 | 2,650 | 2.65 | ||
| 2,001-2,400 | 3,350 | 3.35 | ||
| 2,401-2,800 | 4,000 | 4.00 | ||
* If the insured premises saleable area is greater than 2,800 sq. feet , application is subject to quotation and underwriting, in which special terms may apply and/or application may be rejected.
# The minimum premium of this Plan is HK$500 (IA levy not included).
Optional Benefit Annual Premium Table
(In Hong Kong Currency)
| Optional Benefit | Premium | IA Levy^ |
| Third Party Legal Liability Arising from Designated Electric Vehicle Charging facilities (per charger) | 1,000 | 1.00 |
| Third Party Legal Liability Arising from Car Park Space (per space) | 300 | 0.30 |
| Extra Third Party Legal Liability Coverage Increased to HK$20,000,000 Increased to HK$30,000,000 |
750 1,000 |
0.75 1.00 |
| Extra Home Contents Coverage | Refer to Underwriting |
|
| Building Structure Coverage(Fire Insurance) | Refer to Underwriting |
|
^The insurance policy will be charged with the relevant levy according to the applicable levy rate of Insurance Authority. For details, please visit the website of the Insurance Authority at www.ia.org.hk。
Insurance Authority Premium Levy
Pursuant to the Insurance (Levy) Order and Insurance (Levy) Regulation, Insurance Companies will collect IA Premium Levy on insurance premiums from your insurance policies effecting from 1-Jan-2020 onwards. This is the legal obligation of policyholders to pay a levy when premium is paid. The levy will be collected by Insurance Companies and then remit to Insurance Authority as required by the law.
Details of levy can be referred to table below. For further information, please visit Insurance Authority Official Web https://www.ia.org.hk/.
| Policy Inception Date and/or Annual Anniversary Date | Applicable Levy Rate | Cap Per General Insurance Policy Per Policy Year (HKD) |
| From 1 Apr 2021 onwards (date inclusive) | 0.10% | 5,000 |
Eligibility
1. The proposer / applicant must be aged 18 or above and a legal resident of Hong Kong, China. For company proposer / applicant, the company must be registered in Hong Kong, China.
2. The proposer / applicant (company) must pass the relevant customer identification review of BOCOM Insurance.
3. The insured premises must be located within a building made by reinforced concrete and bricks. Open area such as roof, garden or podium are excluded. Sublet and/or subdivided premises are also excluded.
4. The building of the insured premises located can be either an individual flat within a multi-storey
residential building but excluding independent house /village house &/or public housing available
for sale or rent. If the insured premises is an independent house/ a village house, the insurance application requires separate quotation and underwriting, and additional terms may be applied or the application may be rejected.
5. Self-use or rental properties can also be insured. Should the insured premise be rented out and is not occupied by proposer/applicant, this Plan would cover insured’s own contents within and his/her third party legal liability arising as owner related thereof.
Major Exclusions
War, civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising,
military rising, rebellion, revolution, insurrection or military or usurped power, martial law, Terrorist
attack, Nuclear Fission, Radioactive Contamination, equipment for occupational or commercial use,
contact lenses, depreciation, infestation, moldy, mechanical or electrical breakdown, dishonesty act
of Insured, landslips or subsidence, animals, plants or any kind of creature, communicable diseases, cyber loss. For other exclusions, please refer to original policy provisions.
Free 24-hour home assistance referral services
For emergency assistance, this Plan will provide free 24-hour home assistance referral services for you, including:
- Electrical assistance
- Plumbing assistance
- Locksmith assistance
- House Call Referral
- Baby Sitting/ Nursing Referral
- Temporary domestic helper
- Pest Control/ Cleaning Referral
Governing Law of Policy: Hong Kong Special Administrative Law
For enquiries, please visit any of our outlets or call our customer service hotline.
Note:
1. The above information is supplied by China BOCOM Insurance Co., Ltd. and is for reference only. Please refer to the full wording of the policy provisions published by China BOCOM Insurance Co., Ltd. for detailed terms & conditions and exclusions.
2. The insurance plan is underwritten by China BOCOM Insurance Co., Ltd. which is authorized by the Insurance Authority to provide general insurance business. Bank of Communications (Hong Kong) Limited is an appointed insurance agent of China BOCOM Insurance Co., Ltd.
Important Notice:
The insurance plan is a product of China BOCOM Insurance Co., Ltd. but not Bank of Communications (Hong Kong) Limited (the“Bank”). In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.
Customer Service Hotline: 223 95559
Please visit any of