Mox Bank is revolutionizing home protection with the launch of its new Home Cushion Insurance, a completely digital product available directly through its mobile application. This innovative offering, underwritten by QBE Hongkong & Shanghai Insurance Limited, provides extensive coverage to meet diverse needs, including those of renters, owner-occupiers, and landlords.
The Home Cushion Insurance policy is designed for comprehensive protection, covering home contents, structural integrity, and third-party liability up to $1.27 million (HK$10 million). Additionally, the policy includes several unique benefits such as relocation protection for up to 28 days for both current and new properties, transit coverage up to 15% of the total sum insured, and full replacement cost settlements for home contents without depreciation. It also offers temporary pet accommodation in cases of major household displacement, highlighting a thoughtful approach to customer needs. The insurance comes in three distinct plans, with coverage for building structures reaching up to $191,083 (HK$1.5 million) and home contents up to $12,739 (HK$100,000), making it adaptable to various property values and requirements. Enrollment is streamlined within the app, leveraging pre-filled customer details for ease and efficiency.
To celebrate its launch, customers who enroll in the Home Cushion Insurance by October 31, 2026, can receive supermarket vouchers valued up to $25.48 (HK$200), with additional incentives for existing Mox Insure policyholders. This initiative not only simplifies access to essential home insurance but also rewards early adopters, reinforcing Mox Bank's commitment to customer satisfaction and digital innovation in the financial sector.
This innovative step by Mox Bank signifies a forward-thinking approach to insurance, integrating essential services into daily digital platforms. It demonstrates how technology can enhance convenience and accessibility, making vital protections more readily available to a wider audience and fostering a greater sense of security in the community.