|
As more and more people live in condominium and private apartments today, there is a rising need for home protection for condominium owners. If you belong to this group, let AIA help you with AIA CoverMax.
AIA CoverMax provides comprehensive coverage to cater to the needs of every condominium or private apartment dweller. At a low premium rate and packed with special features, here's why you need AIA CoverMax.
What We Provide
Extensive Coverage
The mandatory MCST fire insurance or the fire insurance you acquired together with your home loan, usually covers only the building structure or common areas and this may not be sufficient. AIA CoverMax complements these policies by protecting almost everything else within your home - from floor to ceiling.
| SCHEDULE OF BENEFITS |
PARAMOUNT ($) |
PREMIER ($) |
PRIME ($) |
|
Contents Benefit extended to included Fixtures & Furnishings*
- Loss of rent (max. $250 per day)
- Damage or loss of household contents temporarily removed by professional movers
- Loss or damage to frozen food due to breakdown of deep-freeze unit
- Accidental death or theft of pedigree pets
- Replacement of locks and keys due to named perils
- Personal valuables damaged by named perils or stolen within building (max. $2,000 per item)
- Alternative accomodation
(max. $250 per day) |
300,000
30,000
9,000
250
500
250
20,000
12,000 |
200,000
20,000
6,000
250
500
250
20,000
8,000 |
100,000
10,000
3,000
250
500
250
10,000
4,000 |
|
Worldwide Unscheduled Personal Valuables*
- Hospitality expenses of hole-in-one achievement
- Loss of check-in luggage (payment in excess of airline compensation)
- Loss and misuse of Credit Card or ATM cards |
2,000
500
1,500
2,000
1,000 |
2,000
500
1,500
2,000
1,000 |
2,000
500
1,500
2,000
1,000 |
|
Emergency Hardship Expenses Benefit
When the property insured is uninhabitable for occupancy in the event of any named perils |
3,000 |
3,000 |
3,000 |
|
Worldwide Purchase Protection Benefit (for up to 14 days)
Protects your new purchase (with receipts) against theft, worldwide |
500 |
500 |
500 |
|
Worldwide Personal Liability
When held legally liable for causing bodily injury or property damage to third party due to negligence |
500,000 |
500,000 |
500,000 |
|
Worldwide Medical Reimbursement for Accidents**
Extended to spouse and children |
250 |
250 |
250 |
|
Worldwide Accidental Death Benefit**
Extended to spouse and children |
20,000 |
20,000 |
20,000 |
|
SPECIAL FEATURE
Maintenance Fee Protection Benefit** (for insured only)
In an event of death due to accidents or illnesses, the maintenance fee will be covered |
3,000
|
3,000
|
3,000
|
|
SPECIAL FEATURE
No Claim Bonus Benefit
Reduction in premium for the first 3 years in the event that no claims were made |
5% discount per annum
|
5% discount per annum
|
5% discount per annum
|
|
SPECIAL FEATURE
Inflation Protector Benefit
Increase in coverage for the first 5 years for Contents Benefit extended to include Fixtures & Furnishings |
5% increase per annum
|
5% increase per annum
|
5% increase per annum
|
|
5-Year Premium Waiver**
(for insured only)
In event of Death/Total Permanent Disability, your premium will be waived for 5 years |
Yes |
Yes |
Yes |
|
ANNUAL PREMIUM (with GST) |
753.92 |
520.23 |
286.55 |
|
MONTHLY PREMIUM (with GST) |
66.34 |
45.79 |
25.21 |
*Note: The amounts paid out for extensions will be deducted from the respective benefit sum assured.
**Unless otherwise stated, coverage is provided to insured and spouse who are below the age of 65; coverage is also provided to children who are below the age of 18. |
