Home Insurance

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Home insurance, often called homeowner's insurance or fire insurance, protects your home structure and its contents from various risks. It's not just about protecting against fire; it covers a wide range of perils that could damage your property or belongings.

TLDR: Your home is your greatest asset. Home insurance protects it from unexpected losses and helps you rebuild without draining your savings. Don’t wait — safeguard your home today.

Purpose: to provide financial protection against unexpected events that could lead to significant repair costs or loss of your possessions. Whether you own your home or rent, having home insurance ensures you're not left with a hefty bill if something goes wrong.

Coverage: Typically, home insurance policies in Singapore cover:

• Building Structure: This covers the physical structure of your home, including walls, roof, fixtures, and fittings, against damages from events like fire, lightning, explosions, burst pipes, and natural disasters.
• Home Contents: This protects your personal belongings within your home, such as furniture, electronics, appliances, and valuables, against theft, fire, and other specified perils.
• Renovations: If you've made improvements to your home, this covers the cost of repairing or replacing those renovations.
• Personal Liability: This is a crucial aspect, covering you if someone is injured on your property or if you accidentally cause damage to someone else's property.

Use-Case: Imagine a sudden pipe burst in your condo unit while you're at work. Water floods your living room, damaging your expensive wooden flooring, sofa, and television. Without home insurance, you would have to bear the full cost of repairing the burst pipe, replacing the flooring, and buying new furniture and electronics. With home insurance, your policy would cover these damages, hence significantly reduced your financial burden.

Upgrading or buying a new home insurance? Our expert advisors are here to help you find the right home insurance for your journey. We work with 18 trusted insurance partners in Singapore to match you with a plan that suits your needs.