Contents Reimbursement method in Household Comprehensive Policy

Household Comprehensive Policy (HHC) insures and reimburses contents to their replacement value with new.  

That means an item will be replaced with new, having the same type or specifications with the destroyed one.

If you have valuables/high risk items and you want to be compensated at their actual value, then you can insure them in pre-agreed values.

Therefore, an Inventory list, description, serial number or the unique identification number (jewelry), weight (jewelry), certificate or assessment, receipt and photographs are required.

Below you can find some examples about contents reimbursement method.

Unless if it is stated otherwise in the Policy, the reimbursement method of the following is:

 

  • Furniture (e.g. beds, sofas, bedsides) à replacement value with new (same type or specifications)

  • Electrical items (e.g. stereo systems, televisions) à replacement value with new (e.g. type or specifications)

  • Various items (e.g. camera, tools) à replacement value with new (same type or specifications)

     

If the following items have been insured either as high risk items, either as specified items, then their reimbursement method is:

 

  •  Gold/gilt jewelry à Pre-agreed values  (inventory list, descriptions, serial number or  the unique identification number (jewelry), weight (jewelry), certificate or assessment, receipt and photographs are required.)

     

     

  • Silver / silver plated jewelry à pre-agreed values (inventory list, descriptions, serial number or  the unique identification number (jewelry), weight (jewelry), certificate or assessment, receipt and photographs are required.)

     

  • Artwork à Pre – agreed values (inventory list, descriptions, serial number or  the unique identification number (jewelry), weight (jewelry), certificate or assessment, receipt and photographs are required.

     

  • Antiques à Pre – agreed values (inventory list, descriptions, serial number or  the unique identification number (jewelry), weight (jewelry), certificate or assessment, receipt and photographs are required.

     

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