Packaged Product: Home Care Insurance

Packaged Product: Home Care Insurance

Coverage

a. Building and contents
The Insurer shall indemnify for any loss or damage resulting from:

  • Fire, Explosion, Lightning, Thunderbolt, Subterranean Fire.
  • Aircraft and other Aerial Devices and/or Articles dropped therefrom,
  • Earthquake or Volcanic Eruption,
  • Huricane, typhoon, Flood caused by earthquake or volcanic eruption or by hurricane, cyclone, typhoon,
  • Theft but only if accompanied by actual forcible and violent breaking into or out of a Building or any attempt thereat,Impact with any of the Buildings by any Road Vehicle, Horses or Cattle not belonging to or under the control of the Insured or any member of the family.

b. Personal accident
Cover for death, permanent disablement and medical expense.
c. Third Party Liability
The Company will indemnify the Insured against all sums for which the Insured may be held legally liable to pay consequent upon:

  • Accidental death or bodily injury to any person not being a member of the Insured's family or household nor at the time of sustaining such injury engaged in the Insured's service.
  • Accidental damage to property not belonging to or in the charge of or under the control of the Insured or of a member of his family or household or of a person in his service.
  • occurring in or about the Private Dwelling during the Period of Insurance in connection with the Insured’s ownership or occupation of the Private Dwelling.

AND in respect of the indemnity afforded by this Section the Company will indemnify the Insured for all costs and expenses of litigation

  • Recovered by any claimant against the Insured.
  • Incurred with the written consent of the Company.

Exclusions

This Policy does not cover any loss or damage arising out of:

  • War, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war, strike, riot, civil commotion, mutiny, rebellion, revolution, insurrection, military or usurped power,
  • Requisition or seizure or destruction of or damage to property by or under the order of any Government or Public or Local Authority or confiscation or nationalisation,
  • Property’s own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process,
  • Loss, damage in consequence of or contributed to by nuclear weapons material, ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

The above is a brief summary of the product. For more details, click here or contact MSIG Insurance (Vietnam) Co., Ltd

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