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Fire Insurance - Best Price In Town

OneDegree Fire Insurance offers the lowest price** at just 0.034% for the first year of your sum insured when most insurers charge up to 0.15%. You can save up to HK$150,000* for a 30-year mortgage! You may choose the policy start date within 10-180 days upon enrollment, allowing you to flexibly decide on your policy start date to suit your own insurance needs.

Best Price
In Town

Some insurers may charge up to 0.15% of the sum insured annually for fire coverage. With OneDegree, you’ll pay just 0.034% for a policy for the first year, which is the lowest in town!

OneDegree
0.034%
Other Insurers
Up to 0.15%
best price fire mortgage

*Assumed a comparison between current highest market premium rate of 0.15%, and OneDegree discounted premium rate of 0.034% for the first year and original premium rate from second year onwards, for a 30-year mortgage and sum insured of HKD 4.5million, rounded to the nearest 10,000. This example is for reference only.
**Compared to fire insurance of major insurance companies in Hong Kong in May 2024.

See how much we can save for you!
Enter your mortgage amount to get an instant quote.
HKD
HKD 500,000
HKD 50,000,000
We insure from HKD 500,000 to HKD 50,000,000. If you need more or less coverage, get in touch and we'll see what we can do for you. Please note that the minimum premium is set at HKD 400/year.
OneDegree HK
HKD
1,020
/yr
OneDegree HK
Other Providers
HKD
4,500
/yr
Premium with our rate 0.034% for the first year & highest market rate 0.15%
OneDegree HK
You would besaving up to
HKD
3,480
/yr
OneDegree HK
Our Key Features
Most banks require homeowners to take out fire coverage before approving a mortgage.
While the banks themselves also offer fire insurance, OneDegree gives homeowners an affordable alternative with the same comprehensive coverage.
Best-Price In Town
Choose your own policy start date with our special 180-day extension period
No restriction on building age, providing comprehensive coverage for residential properties in Hong Kong.
Policy can be cancelled at any time
We cover damages caused by
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Fire
OneDegree HK
Flood
OneDegree HK
Lightning
OneDegree HK
Boiler or Gas Explosion
Coverage can be extended depending on your mortgage bank's needs
What’s Not Covered?
We currently only insure residential properties. In our standard Fire Insurance policy, damages from earthquakes, forest/bush fires, riot and strikes are among items that are excluded. However, this may differ from policy to policy, coverage can be extended depending on your mortgage bank's needs.
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How does it work?
1
Buy a fire insurance policy on our website
2
We’ll inform your lender about your policy switch, and they will send you a notice once your new policy is confirmed. You just have to sit back and enjoy the savings!
3
If you are switching from another insurance provider, don’t forget to ask them for a premium refund.
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How Claim Work
OneDegree HK

Paperless Claim Process

File your claim online with a completely paperless process. 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 claims@onedegree.hk.

Claim form: Download

OneDegree HK

Instant Claim Status Notification

Timely email updates on claim status allow you to know exactly where you are at throughout the process

OneDegree HK

Guaranteed 5-day Response Time

**We guarantee to follow up on a claim application within 5 working days upon receipt of application documents^^

Terms and Conditions
1.

For details of coverage, terms, conditions, and exclusions of OneDegree Fire Insurance, please refer to the policy wording.