Asked on 13 Oct 2018
I am looking at ntuc home insurance now. I noted that there is a clause saying “the premise must not be unoccupied” when there is a water leak or theft. What does it mean? It looks weird that we must around to be claimable.
I believe you're referring to:
Page 2 of 18:
c. Actual or attempted theft as long as force and violence are used to get into or out of the premises. You must not leave the premises unoccupied.
d. Bursting or overflowing of domestic water tanks, apparatus or pipes in your premises (but not damage to water tanks, apparatus and pipes and expenses for tracing the source of the
Both were in the case of typical home insurance whereby the said property must be occupy. If there's no one stays there, the chances of being Theft (due to no one watching the house so it is an easy target for thief to break in) and water leak (higher chances due to no usage of the water tank and pipes, so the water stay stagnant and no movement and all equipments tends to breakdown easily). = Ever walk by a haunted or very run down house ? things breakdown because nobody use it and all things starts decaying ....
In the case of such, if nobody occupy the said property, the insurance premium will be higher if one requires such protections.
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18 Oct 2018