The Finest Home Insurance in Singapore

Home insurance is generally not considered until a need arises. It’s unfortunate that most individuals wait until a calamity has already occurred because there are several advantages to having the appropriate insurance in place in advance. So if you are looking for the best home insurance in Singapore, you are on the right page.

1

Great Eastern Home GR8

Great Eastern HomeGR8 home insurance plans offer reduced premiums while still offering tenants and landlords superior value, making them good choices for homebuyers and renters. Due to their extensive list of benefits for peace of mind and one of the most valuable sub-limits on the market, the policies stand out to wealthy homeowners.

However, it might not be appropriate for apartment owners seeking a low-cost, basic package. Overall, if you want a cheap policy with extensive valuables coverage, you might consider using this plan. By signing up for a three-year plan, you may take advantage of a current promotion where you may save 15%.

Highlights:

• High value for tenants and landlords
• Only one excess payment (for tenant liability)
• Premiums are 30-40% below average for private and landed properties

2

Singlife with Aviva

The house insurance policies offered by Aviva are perfect for homeowners looking for basic coverage at affordable prices. Home Lite, Home, and Home Plus are the three main coverage options available. Due to their high content and refurbishment ceilings, they are great choices for those who own 4- and 5-room HDB flats. Aviva is a fantastic value option because of their premiums, which are 30-65% less expensive than the average.

Highlights:

• Lite plan is the cheapest plan on the market for 4-room HDB flats
• High benefit limits

3

Tiq Home Insurance

With high coverage levels, moderate premiums, and special advantages like an emergency cash allowance and valuables coverage, Tiq House Insurance by Etiqa is a well-known provider of inexpensive home insurance for HDB flats. It offers homeowner owners, landlords, and renters a personalized 1-year, 3-year, or 5-year plan with options to determine the number of buildings, remodeling, and contents coverage.

Highlights:

• Provides market-beating coverage
• Affordable for HDB owners
• Offers emergency cash allowance within 24 hours of certain events

4

AXA SmartHome Plan

One of the most affordable and adaptable home insurance plans available is SmartHome from AXA. It combines fair rates with huge sub-limits and lavish benefits. Due to AXA SmartHome’s emphasis on being a high-value protection plan, it is only advised for homeowners who want to get the most coverage and value for their money, particularly those looking to expand the coverage of their assets and renovations. As a result, its premiums are often a little more expensive than average.

Highlights:

• Great benefits & ample coverage for valuables
• Flexible plans
• Affordable for renters

5

MSIG Enhanced HomePlus

The different coverages offered by MSIG, each of which is customized to meet your unique needs, offer some of their packages’ most complete protection. You will get the precise quantity of coverage you need thanks to its flexibility in adding coverage. Excellent third-party liability and health insurance are also provided by MSIG.

For instance, MSIG’s Enhanced HomePlus insurance plan provides a number of security measures to keep you safe. The policy covers renovations as well as moveable personal property and household goods valued up to $270,000.

Highlights:

• Market-leading coverage & benefits
• Above average per-item limit for valuables (S$6,000)
• Offers rare benefits like hospitalization allowance and home security system coverage

6

Income Enhanced Home Insurance

In Singapore, Income (formerly NTUC Income) offers the most affordable option for owners of 3-room HDB properties. Due to its emphasis on cost and coverage depth, their Enhanced Home Insurance policy is one of the most well-regarded options for homeowners insurance.

Income insurance for landlords and tenants is the most economical option. Despite being inexpensive, Income does not sacrifice significant aspects of its coverage to be more cost-effective. Additionally, it is very versatile, allowing it to meet the needs of practically any kind of customer.

Highlights:

• HDB homeowners seeking affordability & benefits
• Landlords looking for low-price, high-value insurance
• Landed property owners require a comprehensive package at an affordable price

7

FWD Home Insurance

FWD Home Insurance is one of the most affordable options for average homeowners, especially for HDB or condominium properties, because to its affordable rates and extensive coverage. The premiums for FWD Home Insurance are still 46–51% less expensive than the industry standard, even if you decide to maximum your contents and renovation coverage.

Highlights:

• High value across all plans
• Great customization options
• No excess on claims due to fire or burst pipes
• Pet-friendly benefits