Last month, a yacht moored at Kwun Tong Typhoon Shelter caught fire and subsequently spread to the two adjacent boats. The smoke billowing out of the fire was so dense, that it could be seen from across the harbour. Witnesses said they heard multiple explosions. Two boats subsequently sunk into the sea, with the remaining one sunk halfway.

In Hong Kong, not many people can afford luxury yachts, so boat insurance is not always talked about. However, every luxury boat costs at least millions of dollars so it pays for boat owners to secure boat insurance to safeguard themselves against potential accidents. In today’s Kwiksure article, we will take a look at the main types and benefits of boat insurance.

In this information-rich era, we can access health information anytime and anywhere through various channels, and our own health issues are receiving increasing attention. Especially living in an international metropolis like Hong Kong, many city dwellers today bear heavy life pressures and have to cope with long working hours, making their bodies naturally prone to problems. On the other hand, our health is also affected by many external factors. Environmental pollution has caused problems in food, water sources, and even air quality, which is worrying. Moreover, in recent years, there have been occasional reports of newly discovered virus strains. The SARS coronavirus outbreak more than ten years ago caused global panic, and the newly discovered viruses in the mainland recently also pose significant threats to our health.

Kwiksure believes that the general public must seriously consider purchasing quality medical insurance. Even if unfortunate and unexpected illnesses occur, appropriate medical support can be obtained. Besides protecting oneself, it is also an investment in the health of one’s family. In recent years, with prices rising year after year, medical expenses inevitably continue to increase. What we care about is the service level provided by medical institutions, as high-quality medical services often come at a high cost. To ensure that oneself and family members can receive high-quality medical services when ill, it is absolutely necessary to participate in comprehensive medical insurance plans.

Kwiksure has established long-term cooperative relationships with many well-known global insurance companies to provide customers with various types of medical insurance plans, covering critical illness, dental, accident, maternity, and more. Our team of consultants is happy to offer independent and professional advice, helping clients select ideal insurance plans from numerous companies, exchanging affordable premiums for sufficient and suitable coverage. Besides individual plans, we also offer insurance plans for families or corporate groups. Kwiksure’s consultants have rich experience and, in addition to serving local clients, our team can also cater to expatriates who have moved to Hong Kong or even the mainland, tailoring the most thoughtful medical protection plans. Even when living abroad, it is easy to obtain the most appropriate medical coverage. We welcome everyone to contact our consultant team to learn more about various protection plans. We firmly believe that quality medical insurance plans are an important part of building a healthy life.

Generally speaking, buying insurance is a personal decision. Having said that, four types of insurance are mandatory according to the laws in Hong Kong. They are boat liability insurance, third-party motor insurance, third-party liability insurance for building management, and employees’ compensation insurance. Today at Kwiksure, we’ll talk briefly about what these four types of insurance cover. 

Have you ever wondered if traffic tickets in Hong Kong affect insurance premiums? There is no clear answer to this question, mainly because insurance companies do not disclose information on how they calculate premiums, and that’s why rates are significantly different from insurer to insurer, and even from case to case. That’s why it’s worth looking into the types of traffic tickets in Hong Kong that may have an impact on your premiums.

A private motor insurance policy is designed to cover your vehicle for general use, depending upon the type of policy and level of coverage. In contrast, motor trade insurance is a special type of car insurance that is used mainly by people operating car-related businesses - from second hand vehicle dealers to garages/repair shops - for protection against mishaps incurred as a result of driving their customers’, or even their own vehicles.

As with any type of insurance, it’s always essential to do some research in advance so that you get the best out of your motor trade insurance policy. To that end, our experts have shared the following items anyone considering this type of policy should be aware of.