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Compare Home Insurance in Hong Kong 2020

Looking for property insurance, home insurance, landlord insurance or renter insurance? We have picked highlighted plans for you! Read More
Looking for Home Content Insurance for Floor Area: 500
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We found 17 Home Insurances for you!
Recommended
SOMPO 日本財產保險 logo

Annual Premium (incl. levy)

HK$700.48

MoneySmart Exclusive

Sompo HouseholdJoy

Max. Gross Floor Area
560
Household Content
HK$750,000
Personal Liability Cover
HK$5,000,000
Annual Premium (incl. levy)
HK$700.48
Each successful enrolled HouseholdJoy policy will be entitled to an up to HK$200 supermarket coupon, subject to terms and conditions. Get 20% off with Promo Code “moneysmart”.
Valid until 06 Jan 2021 - See T&Cs below
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FWD 富衛保險 logo

Annual Premium (incl. levy)

HK$704.75

20% OffHK$880
MoneySmart Exclusive

FWD HomeCare Insurance

Max. Gross Floor Area(in square feet)
700
Max. Household Contents Cover
HK$500,000
Max. Personal Liability
HK$5,000,000
Annual Premium (incl. levy)
HK$88020% Off
HK$704.75
Purchase FWD HomeCare Insurance online to enjoy 20% premium discount.
Valid until 31 Dec 2020 - See T&Cs below
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$665.57

Chubb MyHomeGuard - Plan A (High Rise)

Max. Gross Floor Area
5000
Household Content
HK$300,000
Personal Liability Cover
HK$5,000,000
Annual Premium (incl. levy)
HK$665.57
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AIG logo

Annual Premium (incl. levy)

HK$520

AIG Premium Home Plus - Enhanced Version (Light Plan)

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$500,000
Max. Legal Liability
HK$5,000,000
Annual Premium (incl. levy)
HK$520
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AXA安盛 logo

Annual Premium (incl. levy)

HK$706.43

25% OffHK$941
Online Promo

AXA SmartHome Plus - Plan A

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$600,000
Max. Liability To Third Party Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$94125% Off
HK$706.43
Online Promo:
Enjoy 25% discount with free extra COVID-19 and get a Mannings voucher worth HKD50 when you apply for an AXA SmartHome Plus on the AXA’s website with promo code “AXAMS50”! 
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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Zurich蘇黎世 logo

Annual Premium (incl. levy)

HK$750.64

Online Promo

Zurich HomeChoice Insurance Plan

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$750,000
Max. Legal Liability
HK$10,000,000
Annual Premium (incl. levy)
HK$750.64
Online Promo:
Receive up to HKD 200 HKTVmall e-Gift Voucher* upon successful enrolment. And enjoy double rewards when requirements met:
- Annual Discounted Premium below HKD 1,000: HKD 50 HKTVmall e-Gift Voucher
- Annual Discounted Premium HKD 1,000 or above: HKD 200 HKTVmall e-Gift Vocher

Valid until 31 Dec 2020 - See T&Cs below
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中國平安 logo

Annual Premium (incl. levy)

HK$690

Ping An Anti-epidemic Home Package - 5-storeys or more

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$1,000,000
Max. Legal Liability
HK$10,000,000
Annual Premium (incl. levy)
HK$690
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$980.83

Chubb MyHomeGuard - Plan B (High Rise)

Max. Gross Floor Area
5000
Household Content
HK$500,000
Personal Liability Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$980.83
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AXA安盛 logo

Annual Premium (incl. levy)

HK$1,371.57

25% OffHK$1,827
Online Promo

AXA SmartHome Plus - Plan B

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$1,200,000
Max. Liability To Third Party Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$1,82725% Off
HK$1,371.57
Online Promo:
Enjoy 25% discount with free extra COVID-19 and get a Mannings voucher worth HKD50 when you apply for an AXA SmartHome Plus on the AXA’s website with promo code “AXAMS50”! 
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
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AIG logo

Annual Premium (incl. levy)

HK$800

AIG Premium Home Plus - Enhanced Version (Standard Plan)

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$1,000,000
Max. Legal Liability
HK$5,000,000
Annual Premium (incl. levy)
HK$800
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中國平安 logo

Annual Premium (incl. levy)

HK$1,161

Ping An Anti-epidemic Home Package - Less than 5-storeys

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$1,000,000
Max. Legal Liability
HK$10,000,000
Annual Premium (incl. levy)
HK$1,161
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$1,611.37

Chubb MyHomeGuard - Plan C (High Rise)

Max. Gross Floor Area
5000
Household Content
HK$1,000,000
Personal Liability Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$1,611.37
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$1,085.92

Chubb MyHomeGuard - Plan A (Low Rise - Less than 3-storey)

Max. Gross Floor Area
5000
Household Content
HK$300,000
Personal Liability Cover
HK$5,000,000
Annual Premium (incl. levy)
HK$1,085.92
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$3,012.56

Chubb MyHomeGuard - Plan C (Low Rise - Less than 3-storey)

Max. Gross Floor Area
5000
Household Content
HK$1,000,000
Personal Liability Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$3,012.56
Apply Now
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Chubb 安達保險 logo

Annual Premium (incl. levy)

HK$1,681.43

Chubb MyHomeGuard - Plan B (Low Rise - Less than 3-storey)

Max. Gross Floor Area
5000
Household Content
HK$500,000
Personal Liability Cover
HK$10,000,000
Annual Premium (incl. levy)
HK$1,681.43
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MSIG 三井住友 logo

Annual Premium (incl. levy)

HK$825.94

25% OffHK$1,100
Online Promo

MSIG iHome Insurance Plan B

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$750,000
Max. Legal Liability
HK$8,000,000
Annual Premium (incl. levy)
HK$1,10025% Off
HK$825.94
Online Promo:
Get extra discount with Promo Codes："MSMART" or Input「Asiamiles」membership no. to earn miles ($3 =1 mile)
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
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MSIG 三井住友 logo

Annual Premium (incl. levy)

HK$1,006.14

25% OffHK$1,340
Online Promo

MSIG iHome Insurance Plan A

Max. Gross Floor Area
500
Max. Household Contents Cover
HK$1,000,000
Max. Legal Liability
HK$8,000,000
Annual Premium (incl. levy)
HK$1,34025% Off
HK$1,006.14
Online Promo:
Get extra discount with Promo Codes："MSMART" or Input「Asiamiles」membership no. to earn miles ($3 =1 mile)
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
More Details

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Home Insurance in Hong Kong 2020

Insurance Provider / Insurance Plan Highlighted Benefits Promotions
AXA SmartHome PlusProvide temporary accommodation and meal allowance for damage caused by a typhoon or black rainstorm Enjoy a 15% instant discount for buying online on or before 30 April 2020.
Zurich HomeChoice Cover landlord for loss of rent Receive a free portable UV Sanitizer upon successful enrolment on or before 20 April 2020.
Chubb MyHomeGuardCover floor area of all sizes and premises of all ages -
AIG Home InsuranceCover premises which building year was over 40 Enjoy a 10% discount on or before 31 March 2020.

Comparison between Home Insurance and Fire Insurance

Fire Insurance

If a property is mortgaged, fire insurance is mandatory. It protects the interest of you and the mortgage lenders, covering the structure of the premise such as walls, roof and floor against fire damage. But fire insurance doesn’t cover home contents.

Home Insurance

If your premise is exposed to major accidents such as fire, typhoon, explosion, theft, a burst of water pipes, etc., general home insurance can protect against your loss but the amount of insurability varies. What’s more, home insurance does not just cover your family’s belongings at home, but it could extend to things that you carry with you outside of your every day. Some even provide coverage against frozen food and beverage protection or outside door locks, window, etc.

Landlord Insurance VS Renters Insurance

Landlord Insurance

It is important for a landlord to purchase fire insurance, home insurance and third-party liability insurance to protect his or her assets, from building structure, home contents to potential liability to third party due to accidents. Moreover, there is also the protection plan available in the market specifically designed for landlords for loss of rent.

Renters Insurance

A lot of home rental contract specifies that a tenant is held responsible for all the fixed installations and furnishing in the rented premise. It is important for renters to get home insurance in order to protect their interest. Moreover, any injury or property damaged to a third party could lead to enormous compensation. Therefore, it is important to get third party liability insurance to protect oneself against these risks.

Common Coverage of Home Insurance

Public Liability Insurance

Public liability insurance protects policyholders in the event of negligence resulting in third party injury or property damage.

Household Contents Insurance

Home insurance protects insurers against accidental loss or damage to home contents such as curtains, furniture, etc. Some also provide worldwide protection against accidental loss or damage of personal valuables worldwide such as watches, photographic equipment, etc.

Construction Insurance

Some home insurance provides basic protection to interior building improvement work carried out before moving in such as renovation and refurbishment of fixtures, fittings, repainting and flooring. For loss or damage caused by building improvement work that takes place after you have moved in, they may not be included. However, some home insurance provides third party liability insurance which may protect policyholders against any injury/ damage caused by the renovation work.

Burst Pipe Insurance

Water damage is usually covered as a standard feature in general home insurance, providing protection to your home contents such as furniture and personal belongings. If your home becomes unfit to live in temporarily, you may also get reimbursement on the expenses for alternative accommodation.

Home Burglary Insurance

Loss of household property is covered due to burglary in a general home insurance policy. Home insurance can compensate for any loss in personal effects and repair costs for getting new locks.

Compare Home Insurance Coverage

Insurance Provider / Insurance Plan Home Contents Coverage Liability to Third-Party Coverage
AXA SmartHome Plus Plan B HK$600,000 HK$20,000,000
Zurich Home Choice - Householder HK$1,250,000 HK$10,000,000
Chubb MyHomeGuard HK$6,000,000 HK$10,000,000
AIG Premium Home Plus – Enhanced Version (Standard Plan) HK$1,000,000 HK$5,000,000

Home Insurance FAQ

Do I need home insurance if I already bought a fire insurance policy?

Yes. To give you peace of mind and financial security, it is important to get home insurance which provides coverage for your household possessions and the liability to third party protection.

How to calculate the premium cost of home insurance?

In general, the premium of Home insurance is calculated based on the floor area of a premise. Policyholders can also extend coverage to add-on items. The higher the insurability, the higher the premium.

What should I do if I encounter any damage to my home contents?

It is advised to take photos of the damage without attempting to fix it. For larger claims, the insurer may send a loss adjuster to look into the situation.

What is the definition of Personal Belongings?

By personal belongings, it is referred to personal possessions that the insurer normally wears or carries, such as jewellery, clothing, watches, wallets, handbags, purses, mobile phones, etc.

Can village houses be insured?

Not all homes of all floor area, types and building ages are insured. It is usually more difficult to get a village house insured.

What are the general exclusions of home insurance?

It doesn’t apply to unauthorised building work or illegal structure, water seepage and theft or water damage after a premise has been unoccupied for 30 consecutive days.

Is there any excess for home insurance?

Not all home insurance requires excess. But in general, the higher the excess, the lower the premise.