Home Insurance

Protect your most precious asset with a comprehensive home insurance. From basic home assistance to incidental expenses from the loss of your home, the right home insurance will give you peace of mind.

Owner - Contents, Renovation and Building

Liberty

HomeCare Plan B

$128

Coverages
Home Contents $40,000
Building / Renovations $100,000
Alternative Accomodation / Loss of Rent Up to $10,000
Unique Plan Feature Cover for Contracting Buyer up to the completion of the sale
Policy Brochure Click Here
Loss of money, ATM / Credit cards $500
Replacement of Locks / Keys $500
Personal Accident Cover $10,000/person Aggregate $50,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service $100/event (max. 2 events)
 

Allied World

Home Protector 360 Premier Care Plan 1

$178

Coverages
Home Contents $30,000
Building / Renovations $100,000
Alternative Accomodation / Loss of Rent Up to $10,000
Unique Plan Feature Home loan protection of $15,000 - accidental death/disablement
Policy Brochure Click Here
Loss of money, ATM / Credit cards Up to $1,000
Replacement of Locks / Keys $500
Personal Accident Cover $20,000/adult $10,000/child Aggregate $80,000
Visitor Personal Effects / Valuables $150
Emergency Home Assistance Service Home Assistance Hotline Available

Liberty

HomeCare Plan C

$192

Coverages
Home Contents $50,000
Building / Renovations $200,000
Alternative Accomodation / Loss of Rent Up to $20,000
Unique Plan Feature Cover for Contracting Buyer up to the completion of the sale
Policy Brochure Click Here
Loss of money, ATM / Credit cards $500
Replacement of Locks / Keys $500
Personal Accident Cover $10,000/person Aggregate $50,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service $100/event (max. 2 events)
 

Sompo

HomeBliss Solution A Enhanced (Serene)

$212

Coverages
Home Contents $40,000
Building / Renovations $120,000
Alternative Accomodation / Loss of Rent Up to $10,000/month (max $50k)
Unique Plan Feature Indemnity cover for identity fraud expenses up to $4,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards $1,000
Replacement of Locks / Keys $750
Personal Accident Cover $20,000/adult $5,000/child
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service Up to $100/event

Allied World

Home Protector 360 Premier Care Plan 2

$268

Coverages
Home Contents $45,000
Building / Renovations $150,000
Alternative Accomodation / Loss of Rent Up to $15,000
Unique Plan Feature Home loan protection of $25,000 - accidental death/disablement
Policy Brochure Click Here
Loss of money, ATM / Credit cards Up to $1,000
Replacement of Locks / Keys $750
Personal Accident Cover $30,000/adult $15,000/child Aggregate $80,000
Visitor Personal Effects / Valuables $250
Emergency Home Assistance Service Home Assistance Hotline Available

Sompo

HomeBliss Solution A Enhanced (Luxury)

$319

Coverages
Home Contents $60,000
Building / Renovations $200,000
Alternative Accomodation / Loss of Rent Up to $10,000/month (max. $50k)
Unique Plan Feature Indemnity cover for identity fraud expenses up to $6,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards $1,000
Replacement of Locks / Keys $750
Personal Accident Cover $20,000/person $5,000/child
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service $100/event

Owner - Contents and Renovation

MSIG

Enhanced HomePlus Standard Plan

$118

Coverages
Home Contents $50,000
Renovations $75,000
Alternative Accomodation / Loss of Rent Up to $12,500
Unique Plan Feature Up to $1,000,000 cover in Worldwide Personal Legal Liabiity
Policy Brochure Click Here
Loss of money, ATM / Credit cards $500
Replacement of Locks / Keys $500
Personal Accident Cover $20,000/adult $10,000/child Aggregate $50,000
Visitor Personal Effects / Valuables  
Emergency Home Assistance Service  

MSIG

Enhanced HomePlus Superior Plan

$176

Coverages
Home Contents $80,000
Renovations $115,000
Alternative Accomodation / Loss of Rent Up to $19,500
Unique Plan Feature Monetary loss cover due to fraud / dishonesty of maid, up to $500
Policy Brochure Click Here
Loss of money, ATM / Credit cards $750
Replacement of Locks / Keys $750
Personal Accident Cover $30,000/adult $15,000/child Aggregate $75,000
Visitor Personal Effects / Valuables  
Emergency Home Assistance Service  

QBE Insurance

Home Plus Standard Plan

$179

Coverages
Home Contents $40,000
Renovations $75,000
Alternative Accomodation / Loss of Rent Up to $18,750
Unique Plan Feature Property Owner's / Occupier's Liability cover up to $1,000,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards $1,000
Replacement of Locks / Keys $1,000
Personal Accident Cover $25,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service  

EQ Insurance

HomeGuard Gold

$214

Coverages
Home Contents $50,000
Renovations $100,000
Alternative Accomodation / Loss of Rent Up to $10,000
Unique Plan Feature Cover up to $750 for Temporary Additional Maid Help cost
Policy Brochure Click Here
Loss of money, ATM / Credit cards $500
Replacement of Locks / Keys $500
Personal Accident Cover $10,000/person Aggregate $50,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service  

MSIG

Enhanced HomePlus Ultimate Plan

$233

Coverages
Home Contents $120,000
Renovations $150,000
Alternative Accomodation / Loss of Rent Up to $27,000
Unique Plan Feature Monetary loss cover due to fraud / dishonesty of maid, up to $500
Policy Brochure Click Here
Loss of money, ATM / Credit cards $750
Replacement of Locks / Keys $750
Personal Accident Cover $30,000/adult $15,000/child Aggregate $75,000
Visitor Personal Effects / Valuables  
Emergency Home Assistance Service  

QBE Insurance

Home Plus Super Plan

$256

Coverages
Home Contents $60,000
Renovations $100,000
Alternative Accomodation / Loss of Rent Up to $25,000
Unique Plan Feature Property Owner's / Occupier's Liability cover up to $1,000,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards $1,000
Replacement of Locks / Keys $1,000
Personal Accident Cover $25,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service  

Tenants

Sompo

HomeBliss Solution B Standard

$107

Coverages
Home Contents $40,000
Personal Liability $750,000
Hospital Allowance due to Accident $250 each for insured and spouse
Unique Plan Feature Indemnity cover for identity fraud expenses up to $3,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards N/A
Replacement of Locks / Keys $750
Personal Accident Cover $20,000/adult $5,000/child
Visitor Personal Effects / Valuables N/A
Emergency Home Assistance Service Up to $100/event
 

Allied World

Home Protector 360 Premier Care Plan 1

$133

Coverages
Home Contents $30,000
Personal Liability $500,000
Hospital Allowance due to Accident $50 per day (Maximum limit of 90 days)
Unique Plan Feature $3,000 for any contents stored at a storage facility
Policy Brochure Click Here
Loss of money, ATM / Credit cards Up to $1,000
Replacement of Locks / Keys $500
Personal Accident Cover $20,000/adult $10,000/child Aggregate $80,000
Visitor Personal Effects / Valuables $150
Emergency Home Assistance Service  
 

Sompo

HomeBliss Solution B Standard

 

$160

Coverages
Home Contents $60,000
Personal Liability $750,000
Hospital Allowance due to Accident $250 each for insured and spouse
Unique Plan Feature Indemnity cover for identity fraud expenses up to $4,500
Policy Brochure Click Here
Loss of money, ATM / Credit cards N/A
Replacement of Locks / Keys $750
Personal Accident Cover $20,000/adult $5,000/child
Visitor Personal Effects / Valuables N/A
Emergency Home Assistance Service Up to $100/event

Allied World

Home Protector 360 Premier Care Plan 2

$201

Coverages
Home Contents $45,000
Personal Liability $750,000
Hospital Allowance due to Accident $50/day (max. 90 days)
Unique Plan Feature $4,500 for contents stored at a storage facility
Policy Brochure Click Here
Loss of money, ATM / Credit cards Up to $1,000
Replacement of Locks / Keys $750
Personal Accident Cover $30,000/adult $15,000/child Aggregate $120,000
Visitor Personal Effects / Valuables $250
Emergency Home Assistance Service  

Sompo

HomeBliss Solution B Standard

$240

Coverages
Home Contents $90,000
Personal Liability $750,000
Hospital Allowance due to Accident $250 each for insured and spouse
Unique Plan Feature Indemnity cover for identity fraud expenses up to $9,000
Policy Brochure Click Here
Loss of money, ATM / Credit cards N/A
Replacement of Locks / Keys $750
Personal Accident Cover $20,000/adult $5,000/child
Visitor Personal Effects / Valuables N/A
Emergency Home Assistance Service Up to $100/event

Allied World

Home Protector 360 Premier Care Plan 3

$328

Coverages
Home Contents $90,000
Personal Liability $1,000,000
Hospital Allowance due to Accident $50/day (max. 90 days)
Unique Plan Feature $9,000 for contents stored at a storage facility
Policy Brochure Click Here
Loss of money, ATM / Credit cards $1,000
Replacement of Locks / Keys $1,000
Personal Accident Cover $60,000/adult $30,000/child Aggregate $240,000
Visitor Personal Effects / Valuables $500
Emergency Home Assistance Service  

 

Frequently Asked Questions

Apart from Fire Insurance that protects the loss of the building structure, Home Insurance mainly protects the property inside of the unit, the responsibility of the third party, and other losses caused by an accident within the unit.

HDB Fire Insurance is mandated by the Housing and Development Board (HDB) as long as you have an outstanding HDB loan. Home Insurance is an opt-in protection plan which is highly recommended for the home owner, tenant and/or landlord.

HDB Fire Insurance covers the structure and fixtures owned by the Housing and Development Board (HDB). It is applicable only when it is damaged by fire but not your renovations and Home Contents. Home Insurance typically covers your renovations and Home Contents for more than 10 insured perils including fire, domestic explosion, bursting of pipes, theft and more.

Typical Home Insurance coverage includes:

  • Home Contents and personal items
  • Personal legal responsibility
  • Accidental injury or death
  • Alternative Accommodation / Loss of rent
  • Replacement of locks/keys, Loss of money, etc.

Home Contents refers to any physical and movable household items or personal belongings including money and valuables kept on the premises that belong to you / family members.

Building refers to the building structure of your home. For HDB flats, condominiums, apartments or cluster houses, it will include the building structure (but not the foundations), fixtures and fittings based on the HDB’s or property developer’s standard specifications.

For landed properties such as bungalows, semi-detached and terrace houses, it will include the building structure, garages, swimming pool, terraces, gardens and other private areas you own and which the public does not have access to.

For Building, the sum insured should represent the cost of rebuilding or reinstating the building as new at the time of loss or damage. This excludes the foundations, drains and the value of the land.

For Contents, the sum insured should represent the full value of your home renovations, household contents and personal effects belonging to you and members of your household including any domestic servants living in your home at current day values. You must get the building, renovations, and contents insured for their full reinstatement or replacement value, otherwise, you will be considered to be under-insuring your premises/contents.

Example of under-insurance:

Cover (A) Full reinstatement and replacement cost (B) Insurance coverage you have chosen
Building and renovations $500,000 $200,000
Contents $50,000 $10,000

Under-insurance occurs when (B) is less than (A). In the above example, you are under-insured by $300,000 and $40,000 for your building/renovations and contents respectively.

If you have under-insured your premises, you will be responsible for a portion of the loss or damage in the event of a claim. Please refer to below example.

Cover Share that you are responsible for in the event of a claim
Building and Renovations $300,000 (Amount you are under-insured by) / $500,000 (Full reinstatement cost as at date of loss) = 60%
Contents $40,000 (Amount you are under-insured by) / $50,000 (Full replacement cost as at date of loss) = 80%

If there is a damage of $100,000 to your building/renovations and $10,000 to your contents, you will be responsible to pay for $60,000 (60% of the damage on building/renovations) and $8,000 (80% of the damage on contents).

  • “Insured Perils” vs “All Risks” – This determines how extensive risk exposures are covered under the plan.
  • “First Loss” vs “Full Sum Insured” – This determines the value of the financial losses or damages claimable against the plan. Claims settled on a First Loss basis are without penalty for being under-insured. Under the “Average Clause”, the insurers can reduce payment on a claim by the percentage you are under-insured.
  • Valuables – Home Contents Insurance normally has a sub-limit for unspecified items. For full-cover, valuables must be itemised for insurer’s review and additional premium. Examples of valuables are watches, paintings, works of art, jewellery, antiques, precious stones and other collectible items.
  • Deciding sum insured for your home contents – The general rule of thumb is the replacement cost of your contents should it be completely destroyed.
  • Common exclusions – They may differ among insurers and hence it is prudent to take a closer look when doing comparisons.

An Insured Perils insurance policy covers only what is specifically noted in the policy. It is usually less expensive than an All Risks policy. Typical list of Insured Perils would refer to fire, lightning, earthquake, bursting of pipes, smoke damage, theft accompanied by violent or forcible entry into your home, etc.

An All Risks insurance policy covers everything except what is specifically excluded in the policy. It is usually more expensive than the Insured Perils policy. Common exclusions include loss or damage arising whilst the Insured Dwelling is undergoing renovation / construction, or through the willful act of the Insured and/or any member of his family, etc.

You can inform your insurer by writing or email so that they can update your address in the policy schedule if you are moving from an HDB flat to another HDB flat.

Contact your insurer to check if you need to change your policy or add cover to your policy as some home insurance only covers HDB flats.

Enjoy 14 days Free-Look Period** from the day you receive your insurance policy. This means you can receive a full refund on the premium paid should you decide to cancel your policy within this period. Beyond the Free-Look Period, you may get a partial premium refund provided that no claim has been made on the policy.

** This feature is not applicable to renewals.