13 Apr '18, 2am

What kind of Home Insurance do you need?

When you’re forking out a large sum of money to purchase, renovate and furnish your home, it can be tempting to remove home insurance from your list of must-haves in order to shave off the additional cost. But is this the best of ideas? Definitely not – experts recommend that you get some sort of coverage, however minimal so that you won’t be left unprotected in the case that an accident does occur at home. HDB Fire Insurance vs Home Insurance You might be thinking: wait a minute, aren’t I already covered under the mandatory HDB Fire Insurance scheme? That’s true, but what many homeowners don’t know is that the Fire Insurance scheme only covers damage to the physical structure of the flat – it doesn’t allow you to recover any costs attributed to your renovations and/or home furnishings. So let’s say there’s been a fire at home (touch wood)! A homeowner who is only covered ...

Full article: https://www.iproperty.com.sg/news/what-kind-of-home-insur...

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