Coverage
Basis of Sum Insured
- Full Value: The sum to be insured should represent the full value of the property at risk
- First Loss Basis: The sum insured represents only a portion of the full value of the property at risk
Information Required for Underwriting Consideration
Name of Insured, Nature of Business, Interest to be Insured, Location of Risk, Occupancy, Sum Insured, Claim History
Important Notice
Policy Owners’ Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)
Disclaimer
The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorised agent or your insurance broker for more details.