Features and Benefits*
The main features and benefits of the Rent Protection Insurance are provided below.
COVERED EVENT
Loss of rent resulting from: |
BENEFIT
(Up to __ loss of rent) |
POLICY EXCESS |
|
For Tenancy Period: 12 months or less |
For Tenancy Period: More than 12 months |
|
Tenant Absconding |
4 months |
1 month |
2 months |
|
Rental Default by Tenant |
4 months |
1 month |
2 months |
|
Untenantable periods due to damage to the Property** |
12 months |
1 month |
2 months |
|
Prevention of Access to the Property |
12 months |
1 month |
2 months |
|
Property left Untenantable due to murder or suicide |
12 months |
1 month |
2 months |
|
Delay in re-letting due to death of the Tenant under sole tenancy |
6 months |
1 month |
2 months |
|
Eviction and/or failure to surrender Vacant Possession |
4 months |
1 month |
2 months |
| Theft by Estate Agent of Rent collected from the Tenant by the Estate Agent under the terms of the Tenancy Agreement
|
3 months |
Nil |
Nil |
|
Legal costs |
1 month |
SGD200 |
SGD200 |
|
Agent commission for replacement tenancy agreement (subject to new Rent Protection
Insurance policy taken out in relation to the replacement tenancy/tenant) |
1 month of new rent |
Nil |
Nil |
* Subject to policy excess and full policy terms and conditions - click here 
** It is a condition that the Landlord must have a material damage policy in force at the time of loss.
1. Notwithstanding anything herein contained but subject to clauses 2 hereof, it is hereby agreed and declared that the total premium due must be paid and actually received in full by the Company (or the intermediary through whom this Policy or Bond was effected) on or before the inception date (“the inception date”) of the coverage under the Policy, Bond, Renewal Certificate, Cover Note or Endorsement.
2. In the event that the total premium due is not paid and actually received in full by the Company (or the intermediary through whom this Policy or Bond was effected) on or before the inception date referred to above, then the Policy, Bond, Renewal Certificate, Cover Note and Endorsement shall not attach and no benefits whatsoever shall be payable by the Company. Any payment received thereafter shall be of no effect whatsoever as cover never attached on the Policy, Bond, Renewal Certificate, Cover Note and Endorsement.