PSBank Condo Insurance – Features & Benefits of “Condo Security”

Guide on PSBank Condo Insurance Offer “Condo Security”

PSBANK CONDO INSURANCE – Here is a guide on the features and benefits of the “Condo Security” offer of the Philippine Savings Bank (PSBank).

Nowadays, most especially in Metro Manila, living in a condominium unit is preferred by a lot of people. Most people who have condo units have purchased or rented one as it is nearer to their work or school.

If you are living or getting a condominium unit, one of the best moves is to secure it with an insurance policy. It is one way to save the money you used in purchasing a unit.

Truths be told that only a few entities offer condo insurance. Meanwhile, you may turn to the Philippine Savings Bank or more commonly called as PSBank.

PSBank Condo Insurance
Screengrabbed from PSBank

According to the Philippine Savings Bank, the PSBank condo insurance offer “Condo Security” covers both the improvements on the unit and its contents. The following are its features:

  • Minimum Coverage: Php 500,000.00
    Maximum Coverage: Php 50,000,000.00
  • Property insurance against lightning, fire, flood, typhoon, earthquake, strike, malicious damage, and extended coverage.
  • Protection from loss against robbery excluding cash and jewelry
  • Reimbursement of rental income or value in case the property is no longer fit as residence following calamities
  • Personal accident insurance of the insured, the spouse, and up to 3 children

Benefits:

  • Fire/Lightning and Allied Perils
  • Robbery and Burglary
  • Rental Income and Value
  • Family Personal Accident with Medical Reimbursement
  • Burial Assistance
  • Personal Liability
  • Debris Removal
  • Architect and Surveyor Fee
  • Household Helper Cover

Are you interested about this insurance policy? You may visit the branch of PSBank nearest to you.

Thank you for visiting our website. We hope we have helped you with regards to this PSBank offer. You may keep coming back for more informative guides.

READ ALSO: PSBank Home Insurance – Features & Benefits of “Home Security”

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