HOME INSURANCE

1. Building means the following:

• The apartment, condominium, cluster housing or HDB flat which includes the building structure (excluding the foundations and drains), fixtures and fittings based on the standard specifications by the property developer or HDB. It excludes all common areas and/or facilities that are provided by the property developer or HDB for common access or use or such areas and/or facilities that are under the care of the Town Council or MCST,

    Or

• The landed property such as bungalows, semi detached and terrace house, which includes the building structure (excluding the foundations and drains) which is built of brick, stone or concrete and roofed with concrete, tiles or slates and/or other incombustible materials, together with the garages, outbuildings, hard courts and in-ground pools, drive, paths, patios, terrace, landscaping and the walls, gates and fences and other private areas You own and which the public do not have access to.

2. Renovations refers to any improvements, installations and additions made within the Insured Dwelling by You or any previous owner or tenant in the form of fixtures and fittings. This includes flooring, air conditioners, built-in wardrobes and kitchen cabinet, but does not include any part of the Building itself.

3. Home Contents include any moveable physical household items, Personal Effects and Valuables belonging to You and/or Your Family Members and are kept within the Insured Dwelling. It does not include, amongst other items, motor vehicles, pets and items connected with your business or trade.

Please refer to the policy contract for the exclusions and the benefit sub-limits.

4.Insured Events covered under HomeVital are:

• Fire, lightning or explosion.
• Being hit by a road vehicle, train, animal, flying object or aircraft which You or Your Family Members do not own or control.
• Actual or attempted theft as long as force and violence are used to get into or out of the Insured Dwelling only if the Insured Dwelling is not left Unoccupied at the time of loss or damage.
• Bursting or overflowing of domestic water tanks, apparatus or pipes within the Insured Dwelling (but not damage to water tanks, apparatus and pipes and expenses for tracing the source of leak) only if the Insured Dwelling is not left Unoccupied at the time of loss or damage.
• Hurricane, cyclone, typhoon, windstorm, earthquake or volcanic eruption.
• Flood caused by water overflowing or escaping from normal channels. This includes flood caused by the sea, windstorm, bursting or overflowing of public water mains or any other flow or build-up of water coming from outside the building structures.
• Subsidence or landslip caused by flood only.
• Riot, civil commotion or strike.
• Malicious acts only if the Insured Dwelling is not left Unoccupied at the time of loss or damage.

5. Under-insured or Under-insurance means where the sums insured shown in the Schedule are lower than the actual full reinstatement or replacement costs at the time of loss or damage.

6. A Policy Year means each 12-month period commencing from the start date of the Policy.

7. You may contact our 24-hour Home Assist Hotline at 6221 3393 for referral of suitable repairer(s) to assist with your problems.

This information is not a contract of insurance and is intended for general circulation only. Full details of the precise terms, conditions and exclusions of this plan are provided in the policy. Please refer to a copy of the Policy Wordings for HomeVital and HomeMax.

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 ).

CIMB may have right of review (RoR) clauses in the terms and conditions governing your product and/or service relationship with our bank. Please refer to the Notification of Right of Review Clause for more information.

This product is underwritten by Sompo Insurance Singapore Pte. Ltd. and distributed by CIMB Bank Berhad, Singapore Branch.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 12 February 2025.