The fire insurance policy includes a 7-day cooling-off period. If the policy is canceled within the first 7 days, we will refund the full premium you paid. If you cancel the policy after the cooling-off period, the refund will be calculated based on the table below.

 

If the calculated refund results in the total premium we retain being less than HKD 400, we will charge a minimum premium of HKD 400 and only refund the portion exceeding HKD 400.

 

Period Covered (not exceeding)       Premium Refund

1 month                                                       90%

2 months                                                     80%

3 months                                                     70%

4 months                                                     60%

5 months                                                     50%

6 months                                                     40%

7 months                                                     30%

8 months                                                     20%

9 months                                                     15%

10 months                                                   10%

11 months                                                     5%

Over 11 months                                            0%