HomeSafePlan is a residential fire insurance that financially compensates the insured for the direct loss or damage to their property.
Insurable Properties
Houses constructed mainly of concrete materials and located within a predominantly residential subdivision or village.
Contents include appliances, furniture and personal belongings except cash, jewelry and securities. Leasehold improvements and contents of a rented house/unit may also be covered.
Basic Cover
- Fire and Lightning - Protects the insured's property against fire and lightning.
- Burglary - Pays up to 10% of the total contents insured up to a maximum of P100,000.00 for the loss and damage to the house contents caused by the violent or forcible attempt or entry to the insured's premises. This excludes cash, securities, and jewelry.
Optional Cover
Typhoon - Pays for the loss or damage caused by typhoon or storm.
- Flood - Pays for the loss or damage caused by the entry of water into the insured's premises due to any of the following reasons: Extraordinary high tide; typhoon; bursting or overflowing of rivers, reservoirs, canals, and the like.
- Earthquake - Pays for the loss or damage caused by the earthquake, fire or shock.
- Family Personal Accident - Cover of P200,000.00
- Principal P200,000.00
- Spouse P100,000.00
- Children (max of 4) P 20,000.00
Insurance Scope
- Residential Building – shall mean concrete family dwelling with a single kitchen unit occupied only as residence by family members and their domestic helpers (boarders not exceeding four may be considered “family members”).
- Household Contents – shall mean household appliances, furniture, and personal effects (excluding cash, jewelry, and securities) owned by the assured.
- Loss of Helper's Property – Pays up to P2,000.00 each for the loss or damage to helper's property caused by fire or any of the insured peril, maximum of two (2) helpers.
- Debris Removal – Reimburses the cost for the removal of debris up to 5% subject to a maximum of P100,000.00
- Rental Income – Pays up to three (3) months of rental expense subject to a maximum of P10,000.00 per month (whichever is lower) for the rental income resulting from a covered loss to the insured's building, which renders it uninhabitable. Applicable to owner renting out their building.
- Renting Expense – Pays up to three (3) months of rental expense subject to a maximum of P10,000.00 per month (whichever is lower) for temporary lodging if the building occupied by the insured is rendered uninhabitable due to the loss or damage by an insured peril.
- Falling Aircraft – Pays for the loss or damage due to falling aircraft.
- Vehicle Impact – Pays for the loss or damage due to vehicle impact.
- Explosion – Pays for the loss or damage due to explosion of gas used for domestic purposes.
- Smoke – Pays for the loss or damage due to sudden and faulty operation of any heating or also covers smoke brought about by your neighbor's burning property.
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