• Duty of disclosure – The Insured must disclose all material facts which is known or ought to know, that would affect our underwriting consideration of your proposal, such as your insurance and loss history.
• Sum Insured – The Insured must ensure that the property is insured at the appropriate amount, taking into account any additional property acquired.
• Period of Coverage – Period of coverage is 1 year. The Insured needs to renew the insurance policy annually.
This policy does not cover certain losses, such as:
• War, Terrorism, Nuclear and Radioactivity Risks.
• The first amount of each and every loss or damage described in the schedule/policy as the excess/deductible
NOTE: Please refer to the policy wording for full description of benefits, terms and conditions, and exclusions under the product.
You may cancel your policy by giving fourteen (14) days written notice to the insurance company. Upon cancellation, you are entitled to a refund of the premium based on the pro-rate basis on the unexpired Period of insurance. No refund is allowed if there is any claim made during the period of cover.
It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.
