Masterpiece™ Insurance underwritten by Federal Insurance Company
Your home safe begins with Masterpiece™ Insurance!
Home Contents
Essentially a personal possessions policy, Masterpiece™ provides a wide coverage for personal property ranging from clothes, to books, to household furniture & appliance. Unlike many policies in Singapore which only covers named perils within a location or within Singapore only, Masterpiece™ policy provides policyholders with an all-risk world-wide cover. During your move to a new home within Singapore, inland transit cover is extended on your insured belongings.
Valuable Articles
Through Masterpiece™ insurance policy, your financial investment in jewelry, collectibles, china, crystal, silver, artworks, furs, antiques and virtually any other type of valuable are protected.
Masterpiece™ Valuable Articles Coverage helps.
Here are some of our unique features:
- Itemized coverage. This option allows you to determine the insured value of each of your possessions. In the event of a total covered loss of an item, you will receive 100% of the insured value. There is no deductible, no depreciation, no surprises.
- Breakage protection. Coverage for breakage or damage to fragile items is automatically included. This coverage is typically restricted or excluded in many homeowners policies in the market.
- Coverage for "mysterious disappearance." Many homeowners policies do not cover valuable items that are lost or misplaced, especially when they disappear from home. A Masterpiece™ valuable articles policy provides coverage in these situations.
- Worldwide coverage. Your valuables are automatically covered wherever you take them—anywhere in the world.
- Hassle-free appraisal requirements. An appraisal is not required for every piece that you itemize. A description of the item and a value will be needed. For items worth more than S$25,000, receipt or a valuation certificate is necessary.
- Coverage for pairs and sets. If a piece of an itemized pair or set (like earrings or a set of silver) is lost or damaged in a covered loss, you have the option to provide us with the remaining piece(s), and you will receive the coverage amount for the entire set.
- Cash settlement. Unlike other insurance companies, you are not required to replace itemized valuables in the event of a loss. You can choose a cash settlement, or replace your valuables at the dealer of your choice. The decision is yours.
- Coverage for newly acquired items. If you acquire a new item and already have similar articles insured with itemized coverage, your new item is automatically covered for 90 days up to 25% of the total itemized coverage for those similar articles (maximum S$50,000).
Personal Liability
More than just a home insurance policy, Masterpiece™ Personal Liability Coverage protects you and your family member against credit card forgery, counterfeiting and your legal obligations, anytime and anywhere in the world.
For a unique product with one of the widest coverage of personal possessions, why not consider the Masterpiece™ policy - contact us today to know more about this product.
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Important Note: This is not a contract of insurance. The precise coverage afforded is subject to the terms and conditions of the insurance policy when issued. LOCKTON shall not be liable for any representations, errors, or omissions in the copy provided. |
