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