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If my co-owner and I are both insured under the Home Protection Scheme (HPS) for 75% each, what will happen after my co-owner has claimed the HPS benefits?
We will pay the sum assured based on 75% share of your co-owner's Home Protection Scheme (HPS) cover upon approval of the claim. Subsequently, your HPS cover will be adjusted to match the remaining 25% of the outstanding housing loan.