Compare Home Insurance in Hong Kong

Compare the top home insurance providers in Hong Kong — see cover, features and typical rates side by side.

Live offers

  1. AIA HomeSafe HK · AIA HK · HK$1800 /year
  2. Chubb MasterPiece Home HK · Chubb Insurance HK · HK$1800 /year
  3. Hang Seng Home Insurance HK · Hang Seng Bank · HK$1800 /year
  4. Manulife Home Insurance HK · Manulife HK · HK$1800 /year
  5. HSBC Home Insurance HK · HSBC Life HK · HK$1800 /year

What is Home Insurance in Hong Kong?

Home insurance protects your flat and its contents against risks such as fire, water damage, theft, and typhoon or flood damage, and usually includes personal and third-party liability. In Hong Kong most residents rent or own flats in high-rise blocks, so contents and liability cover matter more than rebuilding costs, though owners often add buildings cover. Policies are annual and sold by general insurers and banks.

How the Hong Kong market works

General insurers dominate: AIG Hong Kong, FWD Hong Kong, Zurich Hong Kong, AXA Hong Kong, Chubb Insurance HK and AIA HK sell home and contents policies, and banks such as Hang Seng Bank distribute cover to mortgage and deposit customers. Typhoon and rainstorm exposure makes water damage and windstorm cover important, and many mortgage lenders require fire insurance on the building as a loan condition.

Benefits

Contents protection — reimburses furniture, electronics and belongings after fire, theft or water damage.

Liability cover — pays if you accidentally injure someone or a leak damages the flat below.

Typhoon and flood — covers windstorm and rainstorm damage common in Hong Kong climate.

Temporary accommodation — some plans fund alternative housing if your home becomes uninhabitable.

Domestic helper cover — some Hong Kong policies extend to accidents involving a domestic helper at home.

How to choose

Decide whether you need contents only (renters) or buildings plus contents (owners). Compare the sum insured, per-item limits for valuables, the excess, and whether liability, alternative accommodation and domestic-helper cover are included. Check exclusions for wear and tear, unoccupancy and gradual water seepage, and whether cover is new-for-old or depreciated.

Leading providers in Hong Kong

AIG Hong Kong, Zurich Hong Kong, AXA Hong Kong and Chubb Insurance HK are established home insurers with comprehensive contents and liability plans; FWD Hong Kong and AIA HK offer digital-friendly options; Hang Seng Bank and Manulife HK distribute cover to their banking and insurance customers. Because sub-limits and exclusions differ, compare the policy schedule, not just the premium.

What it costs

A typical contents-and-liability policy for a Hong Kong flat costs in the region of HK ,800 a year, varying with the sum insured, flat size, location and chosen excess. Adding buildings cover, higher valuable-item limits or all-risks personal effects raises the premium. Bundling with a mortgage or existing insurer sometimes earns a discount, and paying annually rather than monthly can reduce the total. Because Hong Kong flats are compact and buildings are shared, contents-and-liability cover is usually the priority for tenants, while owners weigh buildings cover on top.

Protections and regulation

Home insurers are authorised and supervised by the Insurance Authority (IA), which regulates conduct, solvency and intermediaries. Claims disputes can be escalated to the Insurance Complaints Bureau. Where a mortgage requires fire insurance, the lender may specify minimum cover; always confirm the insurer is IA-authorised and that the sum insured reflects the true replacement value.

Common questions

Do renters need it? — Buildings are the landlord responsibility, but tenants should insure their own contents and liability.

Is typhoon damage covered? — Usually yes for windstorm and rainstorm, but check flood and water-seepage exclusions.

Does my mortgage require insurance? — Lenders typically require fire insurance on the building as a loan condition.

Is water leakage from upstairs covered? — Damage to your contents may be, but gradual seepage is often excluded; check the wording.

New-for-old or depreciated? — Confirm whether contents are replaced at new cost or paid out after depreciation, as this changes the payout.

The cheapest Home Insurance in Hong Kong is HK 800 /year from AIA HK.

Home Insurance in Hong Kong — FAQ

What does home insurance cost in Hong Kong?

Giraffy tracks 5 home insurance products across AIA HK,Chubb Insurance HK,Hang Seng Bank,Manulife HK,HSBC Life HK insurers in Hong Kong. The lowest tracked price is HK 800 /year. Premiums depend on your property type, rebuild or replacement cost, contents value, and local claims history — compare multiple quotes to find the best deal for your specific circumstances.

What is the difference between buildings and contents insurance?

Buildings insurance covers the structure of your home — walls, roof, floors, and permanent fixtures — against events like fire, flood, or subsidence. Contents insurance covers your belongings inside the home. Many insurers offer combined buildings and contents policies, which is often better value than buying separately.

Do I need home insurance if I rent?

As a tenant, you're responsible for insuring your own belongings (contents insurance), not the building — that's the landlord's responsibility. Tenants' contents insurance covers your possessions against theft, fire, and accidental damage. Some policies also cover items outside the home.

What does home insurance typically NOT cover?

Standard exclusions include: general wear and tear, damage caused by pests, mechanical breakdown, and damage due to poor maintenance. Flood and earthquake cover is often sold separately — especially in high-risk areas. Always check exclusions carefully — especially for high-value items like jewellery above a single-item limit.

What is an excess and how does it affect my premium?

The excess is the amount you contribute towards a claim before the insurer pays the rest. A higher voluntary excess reduces your premium. Make sure you could comfortably pay the full excess amount in an emergency.

How is my buildings insurance cover amount calculated?

Buildings cover should reflect the rebuild cost — what it would cost to demolish and rebuild your home from scratch — not the market value. These figures can differ significantly. Many insurers provide online rebuild calculators; a professional assessment is more accurate for unusual or period properties.