- Accident
- a sudden, unforeseen and fortuitous event.
- Accidental
- a loss or damage occurring due to an Accident.
- Actual cash value
- the amount it would cost to replace covered property with new property of like kind and quality.
- Additions and alterations
- items of real property, improvements, installations, or fixtures that you paid for or acquired at your expense along with the residence. The property must be your insurance responsibility under the governing rules of the condominium, or if you are a tenant, subject to the terms of the lease agreement.
- Aircraft
- any device used or designed for flight, except model or hobby craft not used or designed to carry people or cargo.
- Bicycles
- all types of bicycles except motor bicycles or any other motor-powered conveyances or vehicles of any kind unless approved by us in writing.
- Bodily Injury
- bodily harm, including sickness or disease that results from it and required care, loss of services, or resulting death.
- Building
- the main dwelling and its additions and alterations at each residence named in your policy schedule that is not a condominium or apartment. This includes other permanent structures you own including, but not limited to, guest houses, pool houses, sheds, swimming pools, detached garages, hardscape such as driveways, fountains, underground irrigation systems, decorative pools, terraces, patios, retaining walls, walkways, fencing, gates, and unattached decks at the residence.
- Business
- a part-time or full-time trade, occupation or profession, any activities engaged in for money or other compensation, other than incidental business.
- Business Equipment
- the equipment used for your incidental business, including but not limited to photocopier, telecommunication equipment, office furniture and computers.
- Collapse
- an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its current intended purpose. A building or any part of a building that is in danger of falling down or caving in is not considered to be in a state of collapse. A part of a building that is standing is not considered to be in a state of collapse even if it has separated from another part of the building. A building or any part of a building that is standing is not considered to be in a state of collapse even if it shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage, or expansion.
- Contents
- personal property owned by, or in the possession of, you or a family member.
- Damages
- the sum required to satisfy a liability claim up to the sum insured, whether settled or agreed to in writing by us or resolved by judicial procedure.
- Deductible
- the amount which you have to pay in the event of a claim.
- Depreciation
- a decrease in the value of any property over a period of time as a result of deterioration, use or wear and tear.
- Family member
- any person residing with you in the residence who is: a) related to you by blood, marriage or adoption; b) your relative; c) your sibling's spouse and children; or d) your unmarried child age 26 or younger who reside in your household when not attending school while abroad.
- Fine arts
- paintings, sculptures, etchings, statues, antiques and other bona fide works of art with historical value or artistic merit.
- Fungi
- any type or form of fungus, including, but not limited to all forms of mold or mildew, and any mycotoxins, spores, scents, vapors, gases or substances, including any by-products, produced or released by fungi.
- Fur
- clothing or garments made of, trimmed in or consisting of majority fur.
- Golfer's equipment
- golf clubs, golf clothing and other golf accessories, equipment, except golf balls. We will also cover other clothing that is stored in a secured locker while you are playing golf.
- Incidental Business
- a. A business activity that: i. does not produce annualized gross revenues in excess of $25,000; ii. does not have employees subject to workers' compensation or other similar disability laws; and iii. conforms to Singapore laws and regulations. b. Rental income generated from residence(s) listed on the policy schedule that you own and rent to others, regardless of the annualised income generated from the residence(s). Annualised is determined by examining the activity during the twelve (12) months preceding the date of loss.
- Insured Person
- a) you or a family member; or b) any additional insured named in your policy schedule c) any person given permission by you or a family member to use a vehicle or watercraft covered under this policy with respect to their legal responsibility arising out of its use.
- Jewellery
- articles of personal adornment containing gemstones, silver, gold, platinum or other precious metals. This also includes watches. We do not cover unset/ loose gemstones unless we have given our prior approval in writing.
- Landscaping
- your trees, lawn, shrubs and other plants on the grounds of your residence.
- Loss
- physical loss or damage to your residence or contents and/or valuable articles covered under this policy subject to the terms, conditions and exclusions.
- Market value
- refers to the amount for which an article could reasonably be expected to be replaced immediately prior to the time of loss or damage with one substantially identical.
- Motorised land vehicle
- any vehicle which requires registration or operator licensing. This includes self-propelled motorhomes, motorcycles and attached trailers.
- Medical expenses
- reasonable charges for medical, dental, hospital, surgical, X-ray, prosthetic devices, professional nursing, ambulance, traditional chinese practitioner and acupuncturist.
- Mould
- any type or form of fungus, including but not limited to all forms of mould or mildew, and any mycotoxins, spores, scents, vapours, gas or substance, including any by-products, produced or released by mould.
- Musical instruments
- musical instruments and miscellaneous property such as sheet music, stands and carrying cases used in connection with musical instruments.
- Nuclear hazard
- any nuclear reaction, radiation or radioactive Contamination, all whether controlled or uncontrolled or however caused, or any consequence of any of these.
- Occurrence
- a loss or an accident or a series of losses or accidents arising out of the one event which occur/s wholly during the policy period, including continuous or repeated exposures to the same general harmful conditions.
- Personal Injury
- injuries or death resulting from the following: a) bodily injury; b) wrongful detention, false imprisonment or false arrest; c) shock, emotional distress, mental injury; d) defamation, libel or slander; or e) wrongful entry or eviction.
- Pollutants or Contaminants
- any of the following: a) Solid, liquid gaseous or thermal irritant or contaminant; b) Lead or any materials containing lead; c) Asbestos or any materials containing asbestos; d) Radon; e) Formaldehyde or any materials containing formaldehyde; f) Carbon monoxide; g) Acids, alkalis, or chemicals; h) Radioactive substances; or i) Any other irritant including waste, vapor, fumes, or odours.
- Policy period
- a period of 12 consecutive months or any other period of insurance we agree to cover to cover you for, as shown in the policy schedule from the effective date or renewal date of your policy.
- Property Damage
- physical damage to, destruction of, or loss of use of tangible property.
- Recreational Motor Vehicle
- a motorized land vehicle designed for use off public roads and not subject to motor vehicle registration by any local authority, including but not limited to; a) any vehicle used to solely service any residence you own or live at; b) any vehicle designed to assist handicapped persons; c) unregistered motorised land vehicle(s) in storage at your residence; or d) buggies.
- Reconstruction Cost
- the lesser of the amount at the time of the loss required to: a) restore or repair a structure; or b) replace or rebuild a structure at the same residence with materials and workmanship of like kind and quality and includes fees from architects, surveyors and consulting engineers. It does not include any amount required for the excavation, replacement or stabilisation of land under or around a structure.
- Replacement cost
- a) for contents – the full cost to replace the contents without depreciation or the amount required to repair the damage, whichever is lesser, up to the sum insured subject to the Special Limits of Insurance; and b) for valuable articles - the full cost to replace the valuable articles without depreciation or the amount required to repair the damage, whichever is lesser, up to the sum insured subject to the Unscheduled Per Article Limit for that class of valuable articles.
- Residence
- any of the following which is listed in your policy schedule: a) any building or additions and alterations and grounds that you own; b) any condominium or apartment that you own or rent; or c) any other property you own or reside in.
- Silverware
- items made of or plated with silver including, but not limited to trays, trophies, sterling silver items, pewter and other personal articles other than jewellery.
- Vacant
- that the residence has been unoccupied for more than thirty (30) consecutive days at the time of a covered loss.
- Valuable Articles
- refers to fine arts, collectibles, jewellery, bicycles, cameras, stamp(s) or coin(s), furs, golfer's equipment, musical instruments, silverware, wine, handbags, mobile phones, computers, and laptops. Valuables of any other kind which you own or possess can only be classified as Valuable Articles with our prior written consent.
- Watercraft
- a boat or craft, its hull, machinery, fixtures, fittings, furnishings, and all other items used in the connection with navigation that is principally designed to be propelled on, over, or in the water by wind, engine power, or electric motor.
- Wine
- an alcoholic or non-alcoholic beverage produced through the fermentation of grapes at a recognized winery.
- We, us, our and ours
- AIG Asia Pacific Insurance Pte. Ltd..
- You, your, yours and yourself
- the person named in the policy schedule, and a spouse (legal or de facto) who lives with that person.
- Identity Fraud
- the act of knowingly transferring or using, without lawful authority, a means of identification of you or a family member with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of law.
- Contraband
- any goods, merchandise, item(s) or article(s) whose importation, exportation, or possession is forbidden by the government or any public authority.