The FSC granted approval for the extension of residential fire insurance coverage
In order to provide more sufficient coverage to the public to protect residential safety and to reduce the economic impacts on families affected by related residential risks, the FSC approved the extension of residential fire insurance coverage proposed by the Non-Life Insurance Association of the Republic of China. Starting from January 1, 2020, the maximum benefit cap on damage of buildings, personal property, loss of theft incident, residential third party liability coverage will be raised with premium unchanged. In addition, the extended coverage will include additional expense caused by fire and damage of residence caused by typhoon and flood.
Visitor： 259 Update： 2019-12-12