Building Coverage: Covers the loss/damage to the building structure of your home. For HDBs, condominiums, apartments or cluster houses, it will include the building structure (but not the foundations), fixtures and fittings based on HDB’s or the property developer’s standard specifications. For private properties such as bungalows, semi-detached and terrace houses, it will include the building structure (but not the foundations), garages, outbuildings, swimming pools, terraces, footpaths, driveways, gardens, gates, fences and other private areas you own and which the public do not have access to.

Renovation Coverage: Covers the cost of renovation, fixtures and fittings done to your home, such as flooring, built-in wardrobes and kitchen cabinets.

Home Contents Coverage: Covers the loss/damage of any physical and movable household items such as furniture, appliances or personal belongings including clothes, money and valuables kept within the premises that belong to you or your family members.

HDB Fire insurance helps HDB flat owners cover the cost of repairing damaged internal structures, fixtures, as well as areas built by HDB in the event of fire.

Home Insurance protects the building and contents of your home. This includes renovation works, built-in fixtures, furnishings, home decor, furnitures, valuable personal belongings such as your jewellery, luxury watches, money and other household contents.

Mortgage Insurance is essentially a home loan protector in the event of death of home owners. It provides for the surviving spouse a lump sum to fully pay up the mortgage.

Home Insurance protects the building and contents of your home. This includes renovation works, built-in fixtures, furnishings, home decor, furnitures, valuable personal belongings such as your jewellery, luxury watches, money and other household contents.

While the appropriate coverage depends on the type, size and contents of your home, the coverage should be an amount that allows you to completely reinstate and/or replace the loss incurred.

For Building Coverage, it is recommended to match the value of your property, i.e. the cost to rebuild your home. Do not use the purchase price of your property as it includes land costs and seller’s profit.

For Renovation Coverage, it is recommended to insure the cost to renovate your home back to the previous state. If your home has expensive build-in furniture, kitchenware and fittings, you may wish to  purchase a higher coverage under this section.

For Home Contents Coverage, as a general rule of thumb, it is recommended to insure an aggregated replacement value of your household contents in the event they need to be replaced. If you have super valuables such as luxury watches, paintings, works of art, jewellery, antiques, precious stones etc, it is recommended to itemise a complete valuation and declare them to the insurer.

Some examples of home contents include:

- Furniture
- Ornaments
- Appliances
- Kitchenware
- Water pipes
- Locks and keys
- Mirrors and fixed glass
- Renovation, fixtures and fittings that do not form part of the building
- Electronic gadgets (e.g. TVs, laptops, cameras)
- Jewellery
- Clothes
- Books, toys
- Monies and credit cards

* Keep in mind that in the event of an insured loss, you will have to submit details of your belongings and proof of their existence/purchase.

While a fire insurance is compulsory as long as you are servicing a HDB loan, it does not cover home contents such as furniture, renovations and personal belongings.

Having an additional home insurance can help to protect the contents in your home. You enjoy peace of mind knowing that your home insurance policy will reimburse you for the cost you incur when paying for repair or replacing your belongings if they are damaged.

Home insurance also covers accidental damage to another individual’s property or injury to a visitor at your home. There are also other benefits such as coverage for loss of rent, emergency cash allowance and 24-hour emergency home assistance for home repairs like plumbing, locksmith, pest control and many more services.

Yes! You can still get Home Insurance even if you are renting your property.

- Owner, who has vested interests in protecting his home contents against potential financial losses or damages.
- Landlord, who may have concerns about the household items provided in a fully or partially furnished rented room/apartment.
- Tenant or renter, who is mindful of his own contents, valuables and any responsibilities specified in the tenancy agreement.

* There are exclusions in the home insurance policy that you should be aware. For example, deliberate or malicious damage by tenants will not be covered.

Your home is usually covered against a list of specific insured events ("perils") such as fire, lightning, theft by violent or forcible entry, natural disasters, and others as prescribed in the policy wordings. However, if your home is damaged by perils outside the list of insured perils specified by your insurer, it will not be covered. For example, there will be no payouts if your home was damaged due to a deliberate and malicious act by your tenant.

All-risk policy covers all types of risks except for what is specifically excluded such as war, deliberate, malicious or illegal acts, wear and tear etc. An all-risk policy has a much wider coverage but is usually more costly than an insured peril policy.

Because of the highly competitive home insurance industry, insurance companies may have promotional rates or new features the next time you renew your insurance. Therefore, your current insurer might not be able to give you the best premium anymore. We can help you to save money or get better terms on your home insurance through comparing quotes at no cost. 

Serving the interest of our clients is always our 1st priority. Personalized support and relationships matter to us. We cut all the noises and give you the best we can find. Let us know if there is anything else we can help, we will be very happy to assist in every way we can.