Home Buildings Insurance

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Home Buildings Insurance

You’ve worked hard to make your dream home a reality. Now, with a Home Buildings Insurance plan, we can help you to protect it.

Home Buildings Insurance provides protection against both minor and extensive damage to your home. Our Home Buildings Insurance policy insures the building itself, not the contents inside. If you would like to add more protection, you can also add Contents Insurance to enjoy more complete coverage.

Features

Protection against both minor and extensive damage to the structure of private residences
Get coverage based on the cost of rebuilding the home
Coverage for damages caused by perils such as fire, windstorm, lightning, storms, floods, theft and vandalism

How to apply

Apply online

Complete our simple form to request a free, no-obligation insurance quote.

Request a quote online

Apply by phone

Call us on +1 441 299 5959 to enquire about HSBC Insurance.

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Apply in branch

Visit us in branch to speak to one of our insurance experts.

Find a branch

How to make a claim

You can visit www.bfm.bm to request a Claims Form. All claims must be submitted directly to BF&M General Insurance Company Limited: Monday – Friday, 8am to 5pm.

You can contact BF&M Customer Service on +1 441 295 5566, or use the After Hours 24/7 Claims Helpline on +1 441 298 0247.

FAQs

This coverage is for owners of free standing homes.

Home Buildings Insurance premiums can be paid on a monthly, quarterly, semi-annual or annual basis.

You should insure your home for the full rebuilding cost. If at the time of a loss, the sum insured on the building is less than the full rebuilding cost then you shall be considered as being your own insurer for the difference and shall bear a proportional share of such loss accordingly.

Generally, premiums increase on a market basis as a result of large claims payments from catastrophic events. Individual premiums do not generally increase as a result of individual claims from non-catastrophic events. However, you should contact BF&M directly to discuss the frequency of claims, which may result in a review of your insurance policy in order to determine the cause of the claims and any steps that can be taken to reduce claims going forward.

No, the Home Buildings Insurance policy you have purchased for your primary residence will include coverage for an independent rental unit which is located on the same property, provided it is listed on the policy. In order to receive coverage, the main dwelling and the rental unit must be built according to existing building codes.

Additional information

Home Buildings Insurance fact sheet (PDF, 242 KB) Download

Have you considered

Home Contents Insurance

Secure your personal items that you take outside of your home, and protect the contents of your home, garage and other buildings on your property.

Mortgage Protection Insurance

Ensure your mortgage is covered in the event of illness, incapacity or death with our comprehensive mortgage protection insurance policy.

Motor Insurance

Get financial coverage in the event of accidents, theft, vandalism or collisions involving motor vehicles.

Disclosures

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

Issued by HSBC Bank Bermuda Limited of 37 Front Street Hamilton Bermuda, which is acting solely as an insurance agent of BF&M pursuant to its insurance agent’s license issued by the Bermuda Monetary Authority and accepts no responsibility for the underwriting, administering and claims handling of insurance products. HSBC Insurance is the brand name for insurance products offered by HSBC Group members. Terms and conditions apply.

Home Buildings Insurance