Covers unforeseen and sudden physical loss or damage to property insured necessitating repair or reinstatement
Covers accidental bodily injury and/or accidental loss of or damage to property belonging to third parties arising from the contract works
Covers employer’s obligation for employees’ personal injury by accidental in the course of employment arising from the contract works
The table on the next page provides a summary of covers and sum insured under Etiqa Renovation Cover (Interior Renovation Only).
Subject to the following Terms and Conditions:
IMPORTANT : The Package does not provide coverages construction plants, equipments and/or machineries.
Backdating of policies is not allowed.
|OPTIONS||TOTAL SUM INSURED (Inclusive Removal Of Debris 10% & Professional Fees 10%)||THIRD PARTY LIMIT||MINIMUM PREMIUM (BEFORE GST)||MINIMUM DEDUCTIBILES|
|SECTION ONE (EACH AND EVERY LOSS)||SECTION TWO (EACH AND EVERY CLAIM)|
|Plan A||Up to S$100,000 Principal Existing Properties – S$50,000 (1st Loss)||Up to S$500,000||S$250.00||
|Plan B||Up to S$250,000 Principal Existing Properties – S$50,000 (1st Loss)||S$350.00||
|Plan C||Up to S$500,000 Principal Existing Properties – S$100,000 (1st Loss)||S$450.00||
|OPTIONS||SUM INSURED – 20% of Contract Value||MINIMUM PREMIUM (BEFORE GST)||ON ALL EMPLOYEES ENGAGED IN THE PROJECT AS REQUIRED UNDER WORK INJURY COMPENSATION ACT OR COMMON LAW|
|Plan A||Of S$100,000||S$200|
|Plan B||Of S$250,000||S$300|
|Plan C||Of S$500,000||S$500|