A. On Building and/or Contents.
This policy pays the insured building owner or tenant, who owns or is responsible for loss or damage to the insured property caused by fire, lightning, all perils of nature, extended cover, riot, strike, civil commotion, malicious damage, burglary and water damage. Also pays for loss or damage to contents temporarily removed for maintenance or repair up to 15% of Contents sum insured, mirrors, interior decorations, sanitary fixtures/fittings, servant's property up to P5000, frozen food up to P1500, alternative accommodation or loss of rent up to 10% of sum insured, debris removal up to 10% of Building sum insured and valuables up to 33% of Contents sum insured limited to 5% of Contents sum insured per item.
VALUE OF PROPERTY TO BE INSURED
B. Family Public Liability for Resident Tenant or Owner.
This protects the insured against legal liability claims arising from incidents in the premises and within the Philippines resulting in bodily injury and/or property damage to third parties up to a limit of P500,000 any one event. Additional benefits are servant's medical payments up to P5000 to include litigation costs and expenses.
YES Increase Family premises-only Liability from standard P500,000 to P1,000,000 add P500 premium (OR) change to Family ;Philippines-wide Liability for following benefits & additional premium:
P 1 M
P 2 M
C. 24-hours Worldwide Family Personal Accident for Resident Tenant or Owner.
This covers accidental bodily injury resulting in death or permanent disablement to include a medical or funeral expenses benefit. One (1) UNIT of benefits shown below is provided in the standard policy free of charge
|One Unit Covers||Death/Disablement||Medical/Funeral Expense||Aggregate Limit|
|Insured & Spouse each||P100,000||P10,000>||P110,000|
|Children||P 50,000||P 5,000||P150,000|
|Househelpers||P 25,000||P 2,500||P 50,000|
Number of Additional units to be added for P250 premium per additional unit.
Maximum of 4 additional units.
D. Optional All Risks Personal Properties of a Resident Tenant or Owner.
This is limited to maximum of 2-times insured value of Building and/or Contents above and covers "All Risks" loss or damage to personal effects & valuables consequent upon any sudden & unforeseen event not excluded in the policy. A list with description & values must be supplied. Insures On & Off-premises Philippines-Wide or Worldwide based on option/s taken. A deductible of 1% of sum insured applies to any one loss.
VALUE OF PROPERTY TO BE INSURED ALL RISKS
- Rates above are for class "A" risks located in the Metropolitan Manila area. For other building classes/area submit separate request for premium rate determination.
- Values declared are assumed to be "Sound" or "Fair Market" unless otherwise applied for and accepted by the underwriters. Therefore depreciation will be applied when calculating any claim settlement.
TOTAL ANNUAL PREMIUM INCLUSIVE OF TAXES AND FEES
IMPORTANT! This Annual Premium is based on your entries above.
The same details must be written onto the Purchase Order Form to be downloaded.
Insurance companies requires all policy purchasers to provide an originally-signed application or purchase form to be sent via mail or courier through OMNI.
You are required to insert in the purchase form, downloaded and printed by you:
- Personal and computer data as specified in the form.
- The same data as used in the calculation above.
- The "Annual Premium" calculated above.
- The original signature of the Proposer.
Important Notice: Complete details of the coverage are stipulated in the policy provided by the insurance company that must be read and understood by all insured/s.