What is Common Area Insurance Package?
Insures common areas in buildings or housing developments against a wide range of risks depending on the coverage of the insurance.
This policy insures common areas and contents in buildings or housing developments against the risks covered by the insurance.
- Civilian Common Area (building, housing development, condominium managements)
- Commercial Common Area (Plaza, shopping mall etc.common areas)
Insurance Coverage
Building
Machinery
Furniture and fixtures
Decoration
Cash
Compulsory Insurance Coverage
Fire, Thunderbolt, Explosion
Fire Legal Liability
Strike, Lockout, Commotion, riots, Malicious Intent and Terrorism
Aircrafts
Land Vehicles
Smoke
Weight of Snow
Debris Removal Costs
Paint, Plaster / Decoration Costs
Collapse of gypsum board ceiling
Hail
Internal Water
Storm
Landslide
Landslide induced by excavation
Optional Coverage
Cash Register Fire
Cash Register Theft
Earthquake
Storm Water or Flood Insurance
Broken Glass
Broken Machinery
Electronic Equipment Insurance
Employer's Liability
Breach of Trust
Personal Accident
Third Party Liability
Cash in transit
Crash with Marine Vessels