Home Insurance

Compare Best Home Insurance Plans in Singapore 2024

Your home is your most valuable asset. Compare across coverage, cost, exclusions and more to get your home insured against unforeseen events. Compare and choose the best home insurance plans to protect your home with AMTD PolicyPal!

  • FWD

    FWD Home Insurance HDB

    • Building Coverage

      Optional

    • Household Contents Coverage

      $20,000

    • Personal Liability

      $500,000

    $42.81


    Tag
    15 July - 21 July 2024
    1 Year Plan
    • Use promo code POLICYPAL to get 30% discount when you buy NOW!
    3 Year Plan
    • Use promo code POLICYPAL to get 30% discount and S$30 eCapitaVoucher when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $20,000

    • Renovations

      $100,000

    • Personal Liability

      $500,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to $15,000 if the sum insured for home contents is less than or equal to $$40,000 Up to $35,000 if the sum insured for home contents ismore than $40,000

    • Removal of Debris

      Up to the Limits of Contents or Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Wordings (Homeowner)

    Read

    Policy Wordings (Tenant)

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Singlife

    Singlife Home Insurance Lite

    • Building Coverage

      No

    • Household Contents Coverage

      $35,000

    • Personal Liability

      $250,000

    $54.42


    Tag
    12 July - 16 July 2024
    New Business only
    • Use promo code HOME23 to get 23% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $35,000

    • Renovations

      $75,000

    • Personal Liability

      $250,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      $12,000

    • Removal of Debris

      $5,500

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Tiq

    Tiq Home Insurance HDB

    • Building Coverage

      $60,400

    • Household Contents Coverage

      $35,000

    • Personal Liability

      $500,000

    $66.32


    Tag
    1 July - 31 July 2024
    All Plans
    • Get 20% discount when you buy NOW!
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    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $35,000

    • Renovations

      $180,000

    • Personal Liability

      $500,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      Home being 100% Uninhabitable as certified by TIQ, $5,000 as a homeowner/ landlord Home being at least 50% Uninhabitable, as certified by TIQ, $2,500 as a homeowner/ landlord

    • Removal of Debris

      10% of Renovation Sum Insured

    • Loss of/or damage to contents while being temporarily removed from the premises

      $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • AIG

    AIG Enhanced Public Housing Contents Insurance

    • Building Coverage

      $100,000

    • Household Contents Coverage

      $150,000

    • Personal Liability

      $400,000

    $75.76

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    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $150,000

    • Renovations

      No

    • Personal Liability

      $400,000

    • Worldwide Accident Protection

      $20,000

    • Alternate Accommodation

      $20,000

    • Removal of Debris

      No

    • Loss of/or damage to contents while being temporarily removed from the premises

      No


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • FWD

    FWD Home Insurance Condo

    • Building Coverage

      Optional

    • Household Contents Coverage

      $60,000

    • Personal Liability

      $500,000

    $91.13


    Tag
    15 July - 21 July 2024
    1 Year Plan
    • Use promo code POLICYPAL to get 30% discount when you buy NOW!
    3 Year Plan
    • Use promo code POLICYPAL to get 30% discount and S$30 eCapitaVoucher when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $60,000

    • Renovations

      $100,000

    • Personal Liability

      $500,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to $15,000 if the sum insured for home contents is less than or equal to $40,000 Up to $35,000 if the sum insured for home contents ismore than $40,000

    • Removal of Debris

      Up to the Limits of Contents or Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Wordings (Homeowner)

    Read

    Policy Wordings (Tenant)

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Singlife

    Singlife Home Insurance Standard

    • Building Coverage

      No

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $250,000

    $92.16


    Tag
    12 July - 16 July 2024
    New Business only
    • Use promo code HOME23 to get 23% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $50,000

    • Renovations

      $100,000

    • Personal Liability

      $250,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      $12,000

    • Removal of Debris

      $7,500

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • MSIG

    MSIG Enhanced HomePlus Standard

    • Building Coverage

      Optional

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $1,000,000

    $96.79


    Tag
    23 May - 28 July 2024
    • Get 20% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $50,000

    • Renovations

      $75,000

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      $50,000

    • Alternate Accommodation

      Up to 10% of the Sum Insured under Home Contents and Renovation

    • Removal of Debris

      Up to 5% of the Sum Insured under Home Contents and Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      $7,500


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • FWD

    FWD Home Insurance Landed

    • Building Coverage

      Optional

    • Household Contents Coverage

      $60,000

    • Personal Liability

      $500,000

    $118.60


    Tag
    15 July - 21 July 2024
    1 Year Plan
    • Use promo code POLICYPAL to get 30% discount when you buy NOW!
    3 Year Plan
    • Use promo code POLICYPAL to get 30% discount and S$30 eCapitaVoucher when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $60,000

    • Renovations

      $100,000

    • Personal Liability

      $500,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to $15,000 if the sum insured for home contents is less than or equal to $40,000 Up to $35,000 if the sum insured for home contents is more than $40,000

    • Removal of Debris

      Up to the Limits of Contents or Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Wordings (Homeowner)

    Read

    Policy Wordings (Tenant)

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • GreatEastern

    Great Eastern Home Protect Standard (Tenant)

    • Building Coverage

      No

    • Household Contents Coverage

      $40,000

    • Personal Liability

      $500,000

    $122.09

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    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      All Risk

    • Contents

      $40,000

    • Building and Renovations

      No

    • Personal Liability

      $500,000

    • Family Personal Accident

      $10,000 per person

    • Alternate Accommodation

      $15,000

    • Removal of Debris

      10% of loss, up to $10,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • GreatEastern

    Great Eastern Home Protect Superior

    • Building Coverage

      No

    • Household Contents Coverage

      $25,000

    • Personal Liability

      $500,000

    $130.81

    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      All Risk

    • Contents

      $25,000

    • Building and Renovations

      $50,000

    • Personal Liability

      $500,000

    • Family Personal Accident

      $10,000 per person

    • Alternate Accommodation

      $15,000

    • Removal of Debris

      10% of loss, up to $10,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • MSIG

    MSIG Enhanced HomePlus Superior

    • Building Coverage

      Optional

    • Household Contents Coverage

      $80,000

    • Personal Liability

      $1,000,000

    $143.88


    Tag
    23 May - 28 July 2024
    • Get 20% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $80,000

    • Renovations

      $115,000

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      $75,000

    • Alternate Accommodation

      Up to 10% of the Sum Insured under Home Contents and Renovation

    • Removal of Debris

      Up to 5% of the Sum Insured under Home Contents and Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      $12,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Tiq

    Tiq Home Insurance Condo

    • Building Coverage

      $300,000

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $1,000,000

    $144.75


    Tag
    1 July - 31 July 2024
    All Plans
    • Get 20% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $50,000

    • Renovations

      $1,000,000

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      Home being 100% Uninhabitable as certified by TIQ, $5,000 as a homeowner/ landlord Home being at least 50% Uninhabitable, as certified by TIQ, $2,500 as a homeowner/ landlord

    • Removal of Debris

      10% of Renovation Sum Insured

    • Loss of/or damage to contents while being temporarily removed from the premises

      $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Singlife

    Singlife Home Insurance Plus

    • Building Coverage

      No

    • Household Contents Coverage

      $100,000

    • Personal Liability

      $250,000

    $165.70


    Tag
    12 July - 16 July 2024
    New Business only
    • Use promo code HOME23 to get 23% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      Insured Perils

    • Contents

      $100,000

    • Renovations

      $100,000

    • Personal Liability

      $250,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      $12,000

    • Removal of Debris

      $10,000

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to $500 per item, max $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • MSIG

    MSIG Enhanced HomePlus Ultimate

    • Building Coverage

      Optional

    • Household Contents Coverage

      $120,000

    • Personal Liability

      $1,000,000

    $190.10


    Tag
    23 May - 28 July 2024
    • Get 20% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $120,000

    • Renovations

      $150,000

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      $75,000

    • Alternate Accommodation

      Up to 10% of the Sum Insured under Home Contents and Renovation

    • Removal of Debris

      Up to 5% of the Sum Insured under Home Contents and Renovations

    • Loss of/or damage to contents while being temporarily removed from the premises

      $15,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • AIG

    AIG Homes Advantage Package Classic

    • Building Coverage

      $85,000

    • Household Contents Coverage

      $20,000

    • Personal Liability

      $1,000,000

    $203.56

    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      All Risk

    • Contents

      $20,000

    • Renovations

      No

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to 10% of the sum insured for the building, 20% of the sum insured for contents, or $20,000, whichever is lowest.

    • Removal of Debris

      No

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to 20% of your contents sum insured or $50,000, whichever is lower


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • Tiq

    Tiq Home Insurance Landed

    • Building Coverage

      $300,000

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $1,000,000

    $226.72


    Tag
    1 July - 31 July 2024
    All Plans
    • Get 20% discount when you buy NOW!
    Toggle DetailsArrow

    Benefits

    • Loss Basis

      Average Clause

    • Coverage Basis

      Insured Perils

    • Contents

      $50,000

    • Renovations

      $1,000,000

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      Optional

    • Alternate Accommodation

      Home being 100% Uninhabitable as certified by TIQ, $5,000 as a homeowner/ landlord Home being at least 50% Uninhabitable, as certified by TIQ, $2,500 as a homeowner/ landlord

    • Removal of Debris

      10% of Renovation Sum Insured

    • Loss of/or damage to contents while being temporarily removed from the premises

      $5,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • AIG

    AIG Homes Advantage Package Superior

    • Building Coverage

      $135,000

    • Household Contents Coverage

      $35,000

    • Personal Liability

      $1,000,000

    $290.76

    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss Basis

    • Coverage Basis

      All Risk

    • Contents

      $35,000

    • Renovations

      No

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to 10% of the sum insured for the building, 20% of the sum insured for contents, or $20,000, whichever is lowest.

    • Removal of Debris

      No

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to 20% of your contents sum insured or $50,000, whichever is lower


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • GreatEastern

    Great Eastern Home Protect Premier

    • Building Coverage

      $150,000

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $1,000,000

    $305.20

    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      All Risk

    • Contents

      $50,000

    • Building and Renovations

      $150,000

    • Personal Liability

      $1,000,000

    • Family Personal Accident

      $10,000 per person

    • Alternate Accommodation

      $25,000

    • Removal of Debris

      10% of loss, up to $15,000


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

    Read

    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

  • AIG

    AIG Homes Advantage Package Premier

    • Building Coverage

      $225,000

    • Household Contents Coverage

      $50,000

    • Personal Liability

      $1,000,000

    $401.94

    Toggle DetailsArrow

    Benefits

    • Loss Basis

      First Loss

    • Coverage Basis

      All Risk

    • Contents

      $50,000

    • Renovations

      No

    • Personal Liability

      $1,000,000

    • Worldwide Accident Protection

      No

    • Alternate Accommodation

      Up to 10% of the sum insured for the building, 20% of the sum insured for contents, or $20,000, whichever is lowest.

    • Removal of Debris

      No

    • Loss of/or damage to contents while being temporarily removed from the premises

      Up to 20% of your contents sum insured or $50,000, whichever is lower


    DocumentsPolicy Documents

    Policy Brochure

    Read

    Policy Wordings

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    Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

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Compare Best Home Insurance Plans 2024 by Insurance Providers

Insurance Provider/ Plan TypeBuilding CoverageHousehold Contents Coverage (Max)Personal LiabilityPrice - Annual Premium (prevailing discount)
AIG - Enhanced Public Housing Contents Insurance (EPHCI) - For HDB OnlyS$100,000S$150,000S$400,000S$68.18
AIG - Homes Advantage Package ClassicS$85,000S$20,000S$1,000,000S$183.20
FWD Home Insurance - HDBOptionalS$20,000S$500,000S$42.82
FWD Home Insurance - CondominiumOptionalS$60,000S$500,000S$91.13
Great Eastern - HomeGR8 EssentialOptionalS$25,000S$500,000S$59.96
MSIG Enhanced HomePlus - StandardOptionalS$50,000S$1,000,000S$96.79
Singlife - Home LiteNAS$35,000S$250,000S$56.54
Tiq Home Insurance - HDBS$60,400S$35,000S$500,000S$66.32
Tiq Home Insurance - CondominiumS$300,000S$50,000S$1,000,000S$144.75

Is Home Insurance Compulsory?

While home insurance is not compulsory in Singapore, there are several reasons why you should consider getting home insurance for your property:

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    Coverage for fire and accidental damages to your property.

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    Protection against theft.

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    Liability coverage.

Who Needs Home Insurance?

Everyone who owns or lives in a property would need home insurance.

  • Homeowner

    Homeowner

    To cover the loss or damages to your home and household contents.

  • Landlord

    Landlord

    To cover the loss of rental income if the accidental damage to the property renders it uninhabitable.

  • Tenant

    Tenant

    To cover the expenses for temporary alternative accommodation in the event where the property is uninhabitable due to accidental damage.

What Does Home Insurance Not Cover?

Typically, home insurance covers insured perils such as fire, theft or attempted theft by forcible entry, natural disasters, and more. However, if the loss or damage is caused by an event which is not in the insured perils list under the policy terms, it will not be covered — unless it is an all-risk policy that covers everything except the risks that are specifically excluded in the policy.


Common General Exclusions
War and terrorism.
Any loss or damage arising from illegal acts.
The order of any public or government authorities.
Mysterious or unexplained loss.
Wear and tear.

How Do I File A Home Insurance Claim?

Most insurers have online portals where you can submit your claim along with all supporting documents.

  • No waiting

    Note 1: Do not wait too long to submit a claim

    Most insurers will require you to make the claim within 30 days of the event. You would want to submit your claim form as soon as possible, as the insurance companies usually take some time to process your claim.

  • Originals

    Note 2: Keep originals of everything

    For all the claims that you make, including the claims that are submitted via the online portals, you will still need to prove its authenticity. This means producing the original documents when the insurance companies request for them. Therefore, do keep the original documents and have them ready when the insurer asks for them. Examples of claim documents include the police report/investigation results and incident report for theft, assessment report from the repairer on the cause and the extent of the damage, invoice or purchase receipt of the lost/damaged property, photographs of the damaged item for content claims, writ of summons from third-party liability claims.

  • Adjuster

    Note 3: Cooperate with the loss adjuster hired by the insurer

    Insurers usually hire loss adjusters to access the damages. Therefore, it is important to cooperate with the loss adjuster and assist them.

Frequently asked questions

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    What is home insurance?

    It is an insurance plan that typically covers the loss or damages to your home renovations, household contents, and personal valuables.

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    Why is home insurance important?

    The mandatory HDB Fire Insurance or similar coverage only provides coverage for your building and does not cover loss or damage to your home renovations and household contents. Therefore, it is recommended to purchase home insurance to protect your household contents and renovations against fire, burglary, and more.

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    What are the main considerations when you are getting home insurance?

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      Coverage for loss and damages to the building or renovations.

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      Coverage for the home contents and personal valuables.

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      Personal liability coverage.

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      Alternative accommodation expenses.

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      Additional benefits such as emergency home assistance service.

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      Policy duration and premiums.

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    How do I choose a home insurance plan?

    It would depend on the level of coverage that you require and the premium that you are willing to pay. You may do a quick calculation of the cost of your renovations and your household contents to get a better idea of the coverage that you require for your home. It is recommended that you compare different home insurance policies across different insurers. Some insurers allow for a discount when you sign up for a longer duration plan.

  • FAQ

    Am I eligible to purchase home insurance?

    You must be either the homeowner, the landlord (renting out your property), or the tenant of the house. To purchase home insurance in Singapore, you must be a Singapore citizen, Permanent Resident of Singapore, or foreigner with a valid work pass or long-term visit pass.

  • FAQ

    What is the all-risk coverage basis in a home insurance policy?

    All-risk coverage is on an exclusion basis, covering everything except for listed events. On the other hand, insured perils basis provides coverage only for specific events as stated in the policy wordings.

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    What is the first-loss basis in a home insurance policy?

    In a first-loss basis policy, compensation for a loss or damage due to an insured peril is based on the total insured value, regardless of the actual value of the lost or damaged item. Unlike an average clause basis policy which insures the assets at full value, a first-loss basis policy compensates up to the insured amount as indicated in the policy.

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    What is under-insurance?

    You must insure your property (building, renovations, and household contents) for their full reinstatement or replacement values, otherwise you will be considered to be under-insured. Under-insurance is when the insurance coverage you have chosen is less than the full reinstatement and replacement cost. The table below shows examples of under-insurance:

    CoverFull Reinstatement and Replacement CostInsurance Coverage You Have Chosen
    Building and RenovationsS$600,000S$300,000
    Household ContentsS$50,000S$20,000

    In the above example, you are under-insured by S$300,000 for the building and renovations, and S$30,000 for the household contents.

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    What happens if I under-insure my property?

    If there is an under-insurance, you will be responsible for a share of the loss or damage in the event of a claim. Take the below table as an example:

    CoverShare that You are Responsible For in the Event of a ClaimAmount You Have to Pay in the Event of a Claim
    Building and RenovationsS$300,000 = amount that you are under-insured for. S$600,000 = full reinstatement cost at the date of loss. S$300,000/S$600,000 = 50%If there is a S$100,000 cost incurred for your building or renovations, you will need to pay S$50,000 (50% of the damage on building or renovations)
    Household ContentsS$30,000 = amount that you are under-insured for. S$50,000 = full reinstatement cost at the date of loss. S$30,000/S$50,000 = 60%If there is a S$10,000 cost incurred for your household contents, you will need to pay S$6,000 (60% of the damage on building or renovations)
  • FAQ

    How do I determine the appropriate sum insured for the renovations of my house?

    The benefit limit should be the current cost of replacing the renovations in your house. You can use the price you paid for the renovations as an estimate or you may seek professional advice from an interior designer or contractor.

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    Tips when getting home insurance

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      Buy the coverage that you require. There are insurers who allow customisation of insurance plans. For example, for homeowners who already have the compulsory fire insurance that covers the building, it makes sense to look out for a customisable home insurance plan that focuses on coverage for the renovations and household contents.

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      Some insurers grant discounts for a longer duration plan. For instance, Liberty provides a 15% discount for a three-year plan.

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      Do not under-insure your premise. If the coverage that you have chosen is lower than the full reinstatement or replacement cost, you will have to be responsible for a share of the damage or loss in the event of a claim.

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      Compare premiums across insurers. Look out for seasonal promotions, discounts and offers!

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