CONDO INSURANCE
If you’re looking to protect your pad, condo insurance is essential. It covers you against unexpected events like fire, theft, water damage, and vandalism.
Condo insurance also provides liability coverage, so if a guest gets injured at your place, their medical bills, lost wages, and legal expenses are covered.
CONDO INSURANCE
If you’re looking to protect your pad, condo insurance is essential. It covers you against unexpected events like fire, theft, water damage, and vandalism.
Condo insurance also provides liability coverage, so if a guest gets injured at your place, their medical bills, lost wages, and legal expenses are covered.
Liability Coverage
Comprehensive General Liability
Cover for Legal liability to Neighbors and visitors
Combined Single Limit for Bodily Injury and Property Damage (Inclusive of All Costs), Any One Accident / in the Annual Aggregate
Applied for the following perils which is caused by the Assured (Fire, Smoke, Broad Water Damage, Water Leakage Damage, Bursting and/or Overflowing of Water Tanks Including Sprinkler Leakage)
Deductible for 1% of each and every loss
Tenan't Liability
Cover for Legal liability to unit owner’s property
Combined Single Limit for Bodily Injury and Property Damage (Inclusive of All Costs), Any One Accident / in the Annual Aggregate
Applied for the following perils/incident which is caused of the Assured (Fire, Smoke, Broad Water Damage, Water Leakage Damage, Bursting and/or Overflowing of Water Tanks Including Sprinkler Leakage)
Deductible for 1% of each and every loss
Property Coverage
Coverage Includes
- Fire, Lightning
- Riot, Strike and Malicious Damage
- Extended Coverage (Smoke, Vehicle Impact, Falling Aircraft and / or Other Object’s Explosion)
- Broad Water Damage, Water Leakage Damage, Bursting and / or Overflowing of Water Tanks Including Sprinkler Leakage
Optional Coverages
- Vandalism, Bush Fire
- Earthquake, Volcanic Eruption, Landslide and Subsidence, Tidal Wave and Tsunami, Deduction of 2% of the actual Cash Value of the Affected item/s at the time of the loss.
- Flood, Typhoon, Windstorm, Hurricane, Tornado, Deduction of 2% of the actual Cash Value of the Affected item/s at the time of the loss.
- Robbery, Burglary and Theft Coverage for Contents, Up tp 10% of Contents Sum Insured maximum of Php 200,000.00 whichever is lower, excluding Mobile Gadgets.
Supplemental Coverage
Plate Glass
For Accidental Breakage of fixed glass up to a maximum of Php 50,000.00 any one accident / in the annual aggregate.
Professional Fee
Up to 5% of the Total Sum Insured, subject to a maximum of Php 100,000.00 whichever is lower any one accident / in the annual aggregate.
Debris Removal
Up to 5% of the Total Sum Insured, subject to a maximum of Php 100,000.00 whichiever is lower any one accident / in the annual aggregate.
Expediting Expenses
Up to a maximum of Php 100,000.00 any one accident / in the annual aggregate.
Fire Fighting Expenses
Up to a maximum of Php 100,000.00 any one accident / in the annual aggregate.
Fire Brigade Charge
Up to a maximum of Php 100,000.00 any one accident / in the annual aggregate.
Alternative Accomodation
(Loss of Rent)
Up to 10% of Total Sum Insured, Cover for up to 3 months, maximum of Php 20,000 per month, whichever comes first.
Any one accident / in the annual aggregate.
Family Coverage
Cover for the Insured and his/her spouse, children(up to 21 years old still living with parents), maximum of 4 named/unnamed family.
Any one accident / in the annual aggregate.
Accidental Death and Permanent Disablement:
Up to Php 100,000 for each.
Medical Reimbursement:
Up to 10% of the Accidental Death Benefit for each.
Burial Assistance:
Up to Php 50,000 for each.
Household Helper Coverage
Cover for a maximum of 3 unnamed Household Helpers.
Any one accident / in the annual aggregate.
Accidental Death and Permanent Disablement:
Up to Php 50,000 for each.
Medical Reimbursement:
Up to 10% of the Accidental Death Benefit for each.
Burial Assistance:
Up to Php 25,000 for each.
His/her owned contents / belongings(exclusive of mobile gadgets):
Up to Php 10,000 for each.