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Third Party Risks Insurance Subsidy is essential to protecting owners from third party claims due to accidents happened in the buildings' common area.
Benefit to owners
Eligibility
Buildings' OCs who have joined either the Building Rehabilitation Materials Incentive Scheme or Building Rehabilitation Loan Scheme;

Satisfactorily completed the major rehabilitation works' items as recommended by Authority Persons or qualified professionals; and

The insurer must be registered in "Office of the Commissioner of Insurance".

Application must be submitted within twelve months after the works completion.
Last Update at : 04/09/2008 Back Top
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