AXA partners with Hong Kong Broadband Network to offer home insurance
Hong Kong Broadband Network Ltd. (HKBN) now offers its customers an “all-in-one home kit”, including fiber optic broadband service and home insurance from AXA Hong Kong and Macao (AXA).
The kit also includes a home network security solution and smart home solutions, the insurer and broadband service provider said in a joint media statement.
The importance of home insurance protection is often overlooked by Hong Kong people, according to an AXA survey, which found that only around 40% of respondents have purchased home insurance.
In Hong Kong, many people may think that fire insurance or insurance provided by building owners’ companies is already sufficient, but they don’t realize that most of these policies only cover the facades of buildings, not the building’s facades. content, the companies said in a statement. And they do not cover losses resulting from household accidents, such as broken water pipes. A burst water pipe could cause damage to neighbors, leading to huge compensation claims, equivalent to several times an individual’s monthly salary, they added.
According to AXA claims figures, 45% of the most common home claims are related to water damage (leaks, typhoons and thunderstorms, etc.), which are not covered by fire insurance or the insurance provided. by property.
Free AXA Home Insurance in the HKBN “All-in-One-Kit” offers households of eligible customers up to HK $ 500,000 ($ 64,395) annual coverage of their home’s contents (approximately $ 64,000) and up to HK $ 10 million per year in civil liability. coverage (approximately $ 1.3 million). Customers who purchase or renew designated home broadband services may receive free home insurance for up to 24 months (subject to applicable terms and conditions).
Also in the kit, HKBN’s network security solution provides customers with enterprise-level security, parental controls and online personal identity protection.
In addition, smart home solutions allow customers to easily add additional motion sensors, smart door cameras and other IoT devices, providing customers with a convenient way to manage and protect their virtual and physical properties.
Source: AXA Hong Kong and Macao, Hong Kong Broadband Network Ltd.
This article was first published in Insurance Journal’s sister publication, Carrier Management.
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