AIG Introduces Supplementary Home Appliance Warranty in Hong Kong

FOR IMMEDIATE RELEASE

Hong Kong, 2 May 2013 – AIG Insurance Hong Kong Limited has enhanced its Premium Home and Rental Protector Home Insurances by introducing the marketunique “Supplementary Home Appliance Warranty” coverage.

Supplementary Home Appliance Warranty extends cover under Premium Home and Rental Protector to home appliances, including air-conditioners, refrigerators, washing machines and televisions, of up to 7 years of age, longer than the standard average 1-3 year warranty provided by manufacturers. It covers the repair costs incurred if the appliance breaks down due to mechanical or electrical failure.

“A home appliance's life span can be 5 to 10 years, but the manufacturers‟ warranty for the appliance is usually less than that,” said Ms. Anna Chan, Vice President of Personal Lines, AIG Insurance Hong Kong Limited. “We see a need for extended warranty coverage for home appliances and have introduced this unique extended security. „Supplementary Home Appliance Warranty‟ applies to both household insurance and rental protector insurance policies.”

According to a study of after sales services of television sets by the Hong Kong Consumer Council1 , half of the 20 surveyed home appliance manufacturers did not provide extended warranty protection after the standard warranty had expired.

The annual premium for Supplementary Home Appliance Warranty is only HK$280 per home appliance and the coverage for repairs is up to HK$5,000/year for each insured appliance.

By adding the Supplementary Home Appliance Warranty coverage to its Premium Home and Rental Protector policies, AIG Hong Kong aims to provide insurance cover that protects customers from all risks at home.

To find out more about “Supplementary Home Appliance Warranty”, please visit: Premium Home Insurance: http://www.aig.com.hk/chartisint/internet/HK/en/files/PremiumA_tcm1930- 477441.pdf

Rental Protector Insurance:
http://www.aig.com.hk/chartisint/internet/HK/en/files/rental%20A_tcm1930- 477445.pdf

1 “After Sales Services of Television Sets” issued by Consumer Council on 18 February 2013 (http://www.consumer.org.hk/p436/full.pdf)

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AIG Insurance Hong Kong Limited
46/F, One Island East
18 Westlands Road
Island East, Hong Kong
www.aig.com.hk

Calvin Lee T: +852 3555 0037
calvin-ws.lee@aig.com

American International Group, Inc. (AIG) is the world’s largest insurance organization, serving more than 88 million customers in over 130 countries and jurisdictions around the world.

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