We will pay up to the amount of cover you purchased, subject to the sub-limit of $1,000 or $2,000 per item other than furniture, home domestic appliances and home audio-visual equipment. While some home insurance policies in the market may reduce your claims payment in proportion when your coverage amount is lower than the actual amount of contents you have (called “co-insurance”), we do not practice this, as it would be a disadvantage to you.
What happens if the amount of contents cover I purchased under FWD Home insurance is below the actual total of contents at home?
