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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. From now until 5 June 2024, sign up with referral code [GOFIRE] to enjoy up to HKD400 supermarket voucher! Pls refer to T&Cs at the bottom of the page.

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!!

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 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
OneDegree HK
Other Providers
Premium with our rate 0.034% for the first year & highest market rate 0.15%
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You would besaving up to
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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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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?
Buy a fire insurance policy on our website
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!
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

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

This promotion is valid from now until 5 June 2024 (“Promotion Period”). 


Customers must complete the Fire Insurance policy purchase on the OneDegree website and enter “GOFIRE” as the referral code. Customers whose policy is still effective within 4 months from the policy issue date, will get one of the below rewards (“Reward”): Premium (excluded premium levy) is between HKD 400 – HKD 1399.99: HKD 200 ParknShop Supermarket Cash Coupon (“Coupon”); Premium (excluded premium levy) is or over HKD 1,400: HKD 400 ParknShop Supermarket Cash Coupon (“Coupon”). OneDegree will not be able to offer the Reward after the purchase if customers have not used the designated link or referral code at time of purchase.


Only one referral code may be used per policy purchase. The referral code will be deemed invalid if more than one referral code is input on the checkout page.


The Reward is only available to customers purchasing OneDegree Fire Insurance for the first time. 


Customer personal information may be shared with specific third-party partners solely for the purpose of identity verification to facilitate gift redemption.


The Reward will be issued at 4th month after the policy issue date provided that the policy is still effective on such date. Eligible customers will receive an email about the redemption letter for the Reward (“Redemption Letter”). Customers should ensure that their email address is accurate in their OneDegree profile or they will not be able to receive the Redemption Letter. Actual reward collection date may vary as it is subject to stock availability. OneDegree is not responsible for any delivery failure due to errors or missing information in the email address provided. All Reward are subject to availability and any restriction may apply as to where and when the Reward may be redeemed. OneDegree reserves the right, at its sole discretion, to substitute a similar item of equal value at any time without notice prior to that item being redeemed.


Customer must redeem their Reward within the specified redemption period at the designated redemption location by presenting the redemption letter. Any failure in doing so will result in loss of Reward and no refund shall be arranged afterwards.   


The Reward and Redemption Letter cannot be transferred, returned, exchanged for cash, or exchanged for other products or services under any circumstances.


The Reward is subject to the terms and conditions imposed by the supermarket coupon supplier. In case of any enquiry or dispute in relation to the Reward, customers should contact the supermarket coupon supplier directly.


The Offer is only applicable to premiums for the first year of a policy.   


If the policyholder cancels the Fire Insurance policy during the policy term, OneDegree reserves the right to deduct the Reward from any premium refund.


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


OneDegree may terminate this promotion without notice. All matters or disputes in relation to this promotion and the interpretation of these terms and conditions shall be subject to the decision of OneDegree, which shall be final and binding. 


In case of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.