Is there a waiting period for any of the benefits offered by SafeHome?

There is a waiting period of fourteen (14) days from the policy issue date for Flood Damage coverage (if Flood Damage add-on coverage is selected). We will not be liable for any loss, damage or claims under all sections of the policy caused by flood happens during the waiting period.

Insured perils other than Flood Damage are not subject to any waiting period.

The waiting period on Flood Damage coverage is illustrated in the two scenarios below:

• Scenario 1: Policy is issued on 1^st September 2022 for a policy coverage period of 1^st November 2022 to 31^st October 2023. The policy is with Flood Damage add-on coverage selected, so the waiting period applies from 1^st September to 14^th September 2022. Should there be any claim arising from flood happening between 1^st November 2022 and 31^st October 2023, AIA will be liable for the claim since the flood happens within the policy coverage period and after the waiting period. AIA will not be liable for any claims arising from flood happening before 1^st November since coverage period has not started.
• Scenario 2: Policy is issued on 30^th October 2022 for a policy coverage period of 1^st November 2022 to 31^st October 2023. The policy is with Flood Damage add-on coverage selected, so the waiting period applies from 30^th October 2022 to 12^th November 2022. Should there be any claim arising from flood happening between 1^st November and 12^th November 2022, AIA will NOT be liable for the claim since the flood happens within the waiting period.

All the terms and conditions of the policy as stated in Policy Contract shall apply.

For waiting period applicability in the next policy period (renewal), please refer to the RENEWAL section in this FAQ for further details.