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Fire Insurance
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Fire Insurance

My property is more than 40 years old. Is it eligible for coverage?

Yes, we don't have a property age limit. You can apply for coverage as long as your property is residential.

If fire insurance is included in my building's management fee, do I need to inform my mortgage bank?

If you're buying a home in a newer residential development, it's likely that fire coverage is included in the management fee and you won't need to purchase a separate fire insurance policy. While your mortgage bank should be aware which developments have master fire insurance, it doesn't hurt to confirm with them to ensure you're not paying for coverage you don't need.

What is reinstatement cost?

Reinstatement cost is how much it would cost to rebuild your property and restore it to its original condition if it were completely destroyed. It excludes the building foundation and value of the land.

Do all banks in Hong Kong accept OneDegree Fire Insurance?

Currently, we accept mortgage customers of the following banks/companies to apply for our Fire Insurance,   - The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) - Hang Seng Bank Limited - Bank of China (Hong Kong) Limited - Standard Chartered Bank (Hong Kong) Limited - The Bank of East Asia, Limited - China Construction Bank (Asia) Corporation Limited - Fubon Bank (Hong Kong) Limited - China Minsheng Banking Corp., Ltd., Hong Kong Branch - China CITIC Bank International Limited - Mortgage 360 Limited - Sun Hung Kai Credit Limited - HKMC Mortgage Management Limited

How do I file a fire insurance claim?

If your property suffers from damage, please immediately: 1. Take steps to minimize the damage; 2. Report to the Police in the event of deliberate or malicious damage. 3. Please download the claim forms from the below links, and email the form, along with the required documents stated on the form, to us at Our claims team will contact you for additional information & supportive documents if needed. Please download the Claim form here: Download   Please submit your claim with the required documents within 30 days from the date of occurrence or discovery.

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