Condominium Care Advantage

Take care of your home and family with a complete BPI/MS Condominium Care Advantage Insurance!

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A comprehensive package for condominium unit owners and tenants that protect their belongings inside their units.

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What can be covered under Condominium Care Advantage Insurance?

• Contents (Furnitures, fixtures, fittings, electrical, appliances, personal effects excluding cash and jewelries).

• Improvements (Walls or dividers, flooring, carpets, enhanced lighting, may also include plumbing (for a coffee area/kitchen)).

• Loss or Damage to Works of Art, Paintings and Antiques

 - Will pay for the loss or damage to Work of Art, Paintings and Antiques up to a maximum of P50,000.00 annual aggregate.

• Robbery and Burglary

- Will pay for the loss of property due to robbery and burglary up to 10% of Contents Sum Insured maximum of P500,000.00 whichever is lower; excluding all mobile gadgets (e.g. Smartphone, Laptop, iPad, Videocam, etc.)​

* Subject to submission of listing

• Plate Glass

- Will pay for accidental breakage of fixed glass/mirrors up to maximum of P20,000.00 annual aggregate.​

• Family and Personal Accident​

- Will pay up to a maximum of P200,000.00 for accidental death and permanent disablement from accidental means inside or outside the covered unit, including expenses for medical and surgical treatment for such injury, as well as Burial expense up to P10,000.00 per person.​

 

 

Condominium Care Advantage Insurance Coverage:

• Principal Insured

• Spouse (Below 65 years old)

• Parent (if Insured is singe) must be below 65 years old

• Unmarried Dependents (Children below 23 years old)

• Household Employees (Maximum of 3)​​​​​
   

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ADDITIONAL BENEFITS

• Household Helper Cover (Max of 3 Helper

- Will pay up to a maximum of P5,000.00 for each household helper of the insured for any loss or damage to their property due to an insured peril.

• Comprehensive Personal Liability

- Will pay up to a maximum of P200,000.00 for bodily injury and property damage caused to third parties inside or outside the covered unit which includes medical and hospitalization bills, expenses for repair or replacement of any third-party belongings damaged or destroyed, including legal fees to defend the insured in the event of a lawsuit.

• Rental Income

- Will pay the actual monthly rental income or P20,000.00 per month (maximum of 3 months) if property has been damaged by an insured peril equivalent to rental income.

*Will only apply if unit is occupied by a tenant.

• Rental Expense

- Will pay up to P20,000.00 per month maximum of 3 months if property has been damaged by an insured peril equivalent to a rental expense.

* Will only apply if unit is occupied by the owner.

• Fire Fighting Expense

- will pay up to a maximum of P100,000.00 annual aggregate for fire fighting expense reasonably incurred by an assured during a fire incident to prevent or minimize the extent of damage to the insured unit.​

• Loss Assessment

- ​Will cover the payment in the event that the owner of such unit is assessed by the association for the certain types of losses up to a maximum of P100,000.00 annual aggregate.

• Temporary Removal (Including Transit)

- Will provide compensation to cover losses incurred by an insured peril in the policy, for property or items temporarily removed for repair, cleaning, renovation, or other similar purposes, as well as return of items to the original location, up to P50,000.00 annual aggregate.

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DEDUCTIBLES

• Fire / Lightning and RSMD

• Earthquake / Typhoon / Flood

• Extend Cover

• Broad Water Damage (with BOWTAP)

• Robbery and Burglary

• Sprinkler Leakage

• Loss or Damage to Works of Arts, Paintings, and Antiques

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