The Government has amended the Building Management Ordinance to require all Owners' Corporations of residential buildings to effect compulsory third party liability insurance on or after 1 January 2011. In this regard, Prudential offers a comprehensive insurance - PRUchoice Building Management Xtra, building management insurance plan for private residential buildings. It not only provides the third party liability insurance as required by the amended ordinance, but also offers Owners' Corporations suitable insurance protection for the common area of the building including facilities therein, the money under its management and an optional coverage to insure Employee's Compensation for their employees.

This product is underwritten by Prudential General Insurance Hong Kong Limited ("PGHK"). The copyrights of the contents of this webpage are owned by PGHK.

Note: The details listed are for reference only and does not constitute any contract or any part thereof between Prudential General Insurance Hong Kong Limited and any other parties. Regarding other details and the terms and conditions of this insurance, please refer to the policy document. Prudential General Insurance Hong Kong Limited will be happy to provide a specimen of the policy document upon your request.

 

Features

This product is underwritten by Prudential General Insurance Hong Kong Limited ("PGHK"). The copyrights of the contents of this webpage are owned by PGHK.

This document is for Hong Kong distribution only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. PGHK does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions.

Premium

Subject to individual underwriting, premium calculation is based on the Sum Insured.

The minimum non-refundable premium for every period of insurance is HK$5,000 per policy. Employees' Compensation Insurance Levy is required if you effect the Section of Employees' Compensation.

This product is underwritten by Prudential General Insurance Hong Kong Limited ("PGHK"). The copyrights of the contents of this webpage are owned by PGHK.

This document is for Hong Kong distribution only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. PGHK does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions.

Remarks
  1. PRUchoice Building Management Xtra is only applicable to private residential buildings aged 35 or below in Hong Kong.
  2. The Insured Building is built of block or concrete and roofed with concrete and is in good state or repair.
  3. The Insured Building is solely occupied for residential purpose and no process and/or manufacturing of any kind is carried out.
  4. Excess of HK$5,000 is required for each and every loss under Sections of Property Damage and Public Liability respectively; in respect of water damage, the excess of these two sections is HK$10,000, or 10% of adjusted loss, whichever is greater.

For details, please refer to Brochure, or Policy for the exact terms and conditions.

This product is underwritten by Prudential General Insurance Hong Kong Limited ("PGHK"). The copyrights of the contents of this webpage are owned by PGHK.

This document is for Hong Kong distribution only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. PGHK does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions.

Important Notes to Applicant
  1. DISCLOSURE - The applicant/The Owners’ Corporation is requested to disclose any other facts known to the applicant/the Owners’ Corporation which are likely to affect acceptance or assessment of the insurance cover the applicant/the Owners’ Corporation is applying for. Should the applicant/the Owners’ Corporation have any doubts about what should be disclosed, please feel free to contact us or your/the Owners’ Corporation’s financial consultant/broker. The applicant/the Owners’ Corporation is recommended to keep a record (including copies of the letters) of any additional information given for the applicant’s/the Owners’ Corporation’s future reference. Failure to disclose may mean that the Policy will not provide with the cover the applicant/the Owners’ Corporation requires, or perhaps may invalidate the Policy altogether.
  2. A specimen copy of the Policy and a copy of your completed Application Form will be supplied on request.
  3. All benefits and exclusions are only briefly outlined here. For further details, please refer to the Policy.
  4. The application form must be signed by a person who has attained age 18 or above.

This product is underwritten by Prudential General Insurance Hong Kong Limited ("PGHK"). The copyrights of the contents of this webpage are owned by PGHK.

This document is for Hong Kong distribution only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. PGHK does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions.