Flexi Home Package Insurance

Why do you need Flexi Home package insurance?

Your home means every thing to you. It is one of your biggest assets that reflect not only your dream but also a lot of investment and time that has gone behind it being what it is today. Although you cannot guard it from all possible risks, but, nevertheless, you can always take steps to help you tide over unexpected events that can totally shatter your life and your dreams.
Baoviet Tokio Marine’s Flexi Home Package Insurance Policy is just the right kind of Policy to provide you with protection and certainty against any eventuality in your time of need.

“A Complete Protector”

Our Flexi Home Package Policy gives you protection against a wide range of risks and perils to you and your home. It is a simple Policy wherein there are various categories of Sum Insured and you may opt for the category most suitable to you depending upon the extent of risk. This simplified package policy saves you the tedious process of remembering and calculating minute details of the assets of your Home.

 COVERAGE

Section I – Fire and Allied Perils (Contents)

This Section covers various types of Contents at a prefixed Sum Insured opted for. These are covered against fire, explosion, riots, strike and malicious damage, earthquake, flood, storm, strike risk, impact damage by rail/road vehicle and animal, falling tree/ electric poles/ lamp post, housebreaking, burglary, robbery or theft, etc. 
The maximum amount of our liability for any one Damage during the Policy Period shall be restricted in aggregate to the Sum Insured specified in the category opted by you from the Table given below:

Description Sum Insured/Limit of Liability (USD)
Category I Category II Category III Category IV
Fire and Allied Perils (Contents) 5,000 10,000 20,000 40,000

At the time of the policy arrangement, You are requested to declare the item which exceeds USD 1,000. In case there is no declaration, our liability is USD 1,000 except for ceramics, paintings, other displays… which limits USD500 per item for any one accident in all cases.

Section II – Fire and Allied Perils (Building)
This has the same coverage as described in Section 1.For any one Damage during the Policy Period, Our maximum liability shall be restricted in aggregate to the Sum Insured specified in the category opted by you from the Table given below:

Description Sum Insured/Limit of Liability (USD)
Category I Category II Category III Category IV
Fire and Allied Perils (Buildings) 40,000 70,000 120,000 150,000

* The Sum Insured should be based on the construction cost of the building. It shouldn’t include the land value and other intangible value.

Section III – Personal Accident (P/A)
The section covers you and your family members against accidental bodily injury leading to death or disablement (either permanent total or permanent partial) including loss of limbs or eyes. This section also covers for the medical expenses incurred for medical treatment of the injury up to 10% of the amount in the table below.
The maximum amount payable under the Policy depends on the category opted by you from the Table given below:

Description Sum Insured/Limit of Liability (USD)
Category I Category II Category III Category IV
P/A 10,000 20,000 30,000 40,000

* The total Sum Insured as indicated may be opted entirely by you or split between you and members of your Family residing in your House.

Section IV – Legal Liability against Third Party
This is an optional Section to be chosen by you. The section covers you and your family members against all sums for which the you and/or family members may be held legally liable in respect of accidents caused by the you and/or your family members in Vietnam resulting in:

Bodily injury to any person not being a member of your family or household nor at the time of sustaining such injury engaged in the Insured's service.
Damage to property not belonging to or in the charge of or under the control of you or of a member of you family members or household or of a person in his service.

The maximum amount payable under the Policy depends on the category opted by you from the Table given below:

Description Sum Insured/Limit of Liability (USD)
Category I Category II Category III Category IV
Legal Liability 50,000 50,000 100,000 100,000

House Rental Fee Support and Loss Prevention Service

This is an additional benefit provided to you without premium charge:

House Rental Fee Support: In case Loss or damage happened to your building or content consequently you couldn’t continue to stay in and have to rent other house or apartment for a certain time, we will pay you the house rental fee of 0.1% of Sum Insured of Section II per day subject to maximum 30 day & deductible 7 first day.
Loss Prevention Service: You can consult our risks engineer for any safety issue. The risk engineers also available to visit your home, check the safety condition then offer you advices as well as counter measures.

 

 EXCLUSIONS

Some of the important Exclusions under the Policy are as follows:

  • Damage and/or liability as a consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution etc.
  • Any damage due to confiscation, commandeering, requisition or destruction by order of any government or lawfully constituted authority.
  • Any damage and/or liability directly or indirectly caused by or contributed to or arising from ionizing radiation or contamination by radioactivity.
  • Depreciation and damage caused by wear and tear or gradual deterioration.
  • Damage and/or liability due to terrorism or act of terrorists.

Note: There are some other Exclusions that are specific to particular Sections of the Policy. For further details please refer to the Flexi Home Package Policy document.

CLAIM REQUIREMENTS

  • You should inform us immediately after any loss damage and/or of any event which may lead to a claim under this Policy. You will have  to submit all relevant documents such as the Police Report, Post  Mortem Report, Medical Bills, Legal Notices etc. to the office through which this insurance is effected, depending on the nature of the claim.
  • In the event of burglary, housebreaking, robbery or any damage by rioters, malicious persons or vandals, the Police must be informed and a proper complaint should be lodged by you.
  • You will take all necessary action to minimize the loss or damage. You will also allow us/our representative to take control of legal proceedings on our behalf and will allow our representative to carry out a medical examination as and when required.
  • You will take all reasonable precautions to prevent injury illness disease loss or damage which may give rise to a claim.

Who can apply for this policy

This Policy is suitable for you as a householder whether you are a landlord or a tenant, whether you reside in an independent house or in a flat/ apartment, whether the building is single storied or is a high rise, whether it is in urban center or in a metropolitan city, since each of the options above would imply different risk exposures which can all be covered under this one simple package Policy.

Easy Claim Process
 
In case of any incident leading to a claim under the Policy, please ensure your safety as well as that of your property and your liability then The Insured shall take all reasonable precautions to prevent injury illness disease loss or damage which may give rise to a claim under this Policy
 
Inform our nearest Office. We will guide you through the simple claim settlement process.
 
Now it is time to send us your proposal form. If you still have a few questions, please see the claim guidelineshow to obtain your insurance policy or contact us.
 
Contact us for any queries you may have
Proposal Form
Claim Form

 

 

Head Office
Room 601, 6th Floor, Sun Red River Building, 23 Phan Chu Trinh, Hoan Kiem Dist.,
Hanoi, Vietnam
Tel: (84.24) 3933 0704   Fax: (84.24) 3933 0706



Branch Office
Room 3, 19th Floor, Green Power Building, 35 Ton Duc Thang, District 1,
Ho Chi Minh City, Vietnam
Tel: (84.28) 3822 1340   Fax: (84.28) 3822 1338



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