Decoration insurance covers property owners, occupants or construction contractors against loss and damage arising during the renovation process, whether it is decoration, refurbishment or maintenance.
The insured will be covered for any legal liabilities arising from third-party bodily injuries and property damage during the process of construction work. Policyholders can also pay for additional coverage for the replacement cost of lost or damaged decoration materials.
Some plans also cover vibration damage, providing indemnity against legal liability in respect of third-party property damage arising from vibration during contract work.