Home Insurance

Up to 20% off

Protect Your Home and Valuables Today

Top 5 Benefits for buying
Home Insurance

Claims up to $1,000,000 for renovations, and $300,000 for your belongings

Up to $750 Emergency Cash Allowance within 24 hours

24-hour Emergency Home Assistance

Claims up to $1,000,000 for Worldwide Personal Liability

Worldwide Family Accident Protection benefit of up to $75,000

Why You Should Get Home Insurance

Home insurance covers your valuables, furniture, and renovations, in the event of water damage, theft and fire, which are very common in Singapore homes.

Did you know that 935 fire incidents were reported on residential premises in 2022? The number one cause of fire in residential premises is overheating of food due to unattended cooking fire (37%), followed by electrical fires caused by electrical faults in wirings or electrical appliances, or due to the overloading of electrical sockets (24%). (Source: SCDF Emergency Medical Services, Fire & Enforcement Statistics 2022, p. 3-4)

Getting home insurance can help protect you and your neighbours from unfortunate accidents. Most fire insurance only offers basic protection for the building itself - structure, permanent fixtures and fittings - and of your home in the event of fire. But your renovation and valuables matter too! That’s how home insurance complements your fire insurance.

In addition, with individuals staying at home more as work-from-home arrangements are expected to become a more mainstream option for the workforce, it is important that you get home insurance to protect yourself, your family and the home that you're working hard for.

How do you find the most suitable Home Insurance?

Income, MSIG, Sompo, and more...

We understand your belongings are more than just possessions. That’s why we’ve summarised and compared the top home insurance plans in Singapore, so you can easily choose the best protection for your home.

Check out the simple and affordable home protection designed for Singapore residents in our comparison table. The products are shown side-by-side for easy comparison. The key categories of coverage: renovation claims, home contents (e.g. valuables and furnitures), building, are available across all plans. However, the claim limits may differ.

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Please refer to the product brochures and policy wordings for the full list of product benefits and descriptions, detailed coverage limits and sub-limits, policy exclusions, and the terms and conditions.

Here are some common questions
about Home Insurance

1. I already have the compulsory HDB fire insurance, can I still buy a home insurance plan?

Yes, you can. The compulsory HDB fire insurance covers only the internal building structure, fixtures and fittings based on the original standards of HDB flat when it is handed over to the first lessee. You can take up a home insurance plan to cover your personal contents and any additional renovations or improvements which you have made to your home.

2. If my condominium is already covered under the Management Corporation Strata Title (MCST), should I still take up a home insurance plan?

Yes, you can. Most MCST insurance covers only the internal building structure and fixtures and fittings done by the developer and not your contents. You can take up a home insurance plan to cover for your contents or the additional renovations you have made to your home.

3. I am just renting, do I need to buy home insurance?

Yes. Your landlord's home insurance most likely will not cover your valuables as a tenant. By purchasing home insurance as a tenant, you can protect your belongings at your rental home or any renovations you have made and paid for to your rented home.

4. Does widespread personal liability cover liability for me, my family members or my domestic helper?

No, home insurance does not cover liability for any injury, loss or damage to you, members of your family, or your domestic helper.

5. Will home insurance cover damage caused during cleaning, repair or renovation of my house?

No, loss or damage caused by cleaning, repair, additions and alterations, renovation or similar processes, are not covered.

6. Is the home insurance policy protected by the Singapore Deposit Insurance Corporation (SDIC)?

Home Insurance policy is protected up to specified limits under the Policy Owners’ Protection Scheme, which is administered by the SDIC.

Information accurate as at 15 January 2024. InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.