CHINA TAIPING(HK:00966) 21世纪经济报道·2025-11-27 09:14Core Viewpoint - The article discusses the recent fire incident in Hong Kong's Tai Po district, highlighting the emergency response from insurance companies and the types of insurance coverage available for affected individuals [1][11]. Insurance Response - Multiple insurance companies have activated emergency claims services in response to the fire, including opening green channels for claims, providing rescue assistance, and simplifying claims procedures [1]. - As of the article's publication, no insurance company had disclosed information regarding claims made by policyholders [1]. Types of Insurance Coverage - The article outlines the types of insurance that may cover individuals affected by the fire, including medical insurance, accident disability, and death coverage, depending on the specific policies purchased by clients [1]. - China Taiping (Hong Kong) has a total insurance premium of approximately 337,737.4 HKD for two years, which breaks down to about 168,868.7 HKD per year [2][4]. Insurance Categories and Coverage - The insurance categories include: - Building and public area property insurance with a coverage amount of 2 billion HKD [2][4]. - Public liability insurance covering third-party personal injury with a limit of 10 million HKD per event and 20 million HKD for property damage [2][4]. - Cash insurance covering cash in transit and in safes, with coverage amounts of 100,000 HKD and 30,000 HKD respectively [2][4]. - Group personal accident insurance for participants in corporate activities, with a maximum coverage of 100,000 HKD per person [2][4]. Fire Insurance and Home Insurance - In Hong Kong, fire insurance, also known as building structure insurance, covers the structure of the building but not the contents within [5][6]. - Home insurance protects personal belongings within the property, covering losses due to incidents like fire, water damage, and theft [6][8]. - The two types of insurance complement each other, providing comprehensive coverage for both the building and its contents [6][8]. Regulatory Requirements - Banks typically require homeowners to purchase fire insurance as a condition for mortgage approval, although homeowners can choose their insurance provider [7][10]. - Tenants are not required to purchase fire insurance, and if a building management company has already secured collective fire insurance, individual homeowners do not need to buy additional coverage [7][10].