Third Party Risks Insurance Subsidy

For owners who have received either a Common Area Repair Works Subsidy or a Common Area Repair Works Interest-free Loan, the Government provides a further subsidy, the Third Party Risks Insurance Subsidy.

Eligibility

Upon the completion of works under the Common Area Repair Works Subsidy or Common Area Repair Works Interest-free Loan, owners can apply for a Third Party Risks Insurance Subsidy from the Government.

Applications for this Subsidy must be submitted within 12 months after the completion of the repair works.

The Subsidy

The subsidy amount is 50% of the annual premium, up to $6,000 per year for three consecutive years.