Enhanced HomePlus Show all

Benefits

Enhanced HomePlus protects everything that makes your home so dear to you. Get ultimate peace of mind with up to $270,000 of home contents and renovation cover.

Alternative Accommodation / Loss of Rent
Worried where you will sleep if you home becomes damaged? Enhanced HomePlus takes care of your temporary accommodation cost, emergency cash, conservancy charges and even loss of rent.

Accidental Death of Domestic Pet
We cover the loss of your furry friend in the event of a home accident.

Additional Benefits
Our quality home coverage extends to accidental breakage of mirrors and glass at home, deterioration of frozen food and fraud by your domestic helpers.


Simple to Buy
Purchase this property insurance plan online from the comfort of your home.

24/7 Helpline
We offer you round-the-clock support for home emergencies, electrician and plumber referrals, and even locksmith assistance.

Claims Made Easy
Save time by submitting your property or liability insurance claim online! We keep our process as simple as possible to bring your claim to a fair settlement.

Plans

* We will not pay for more than 30% of the Sum Insured on Contents in respect of Valuables, or more than 5% of the Sum Insured on Contents for any one article (except furniture, personal computers, audio and video equipment, pianos or organs) or $6,000 whichever is the lower.

** An excess of $100 applies to damage due to hurricane, cyclone, typhoon, windstorm, flood, water discharged, overflowing or leaking from pipes, water systems, roofs, roof guttering and down pipes.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit MSIG, GIA or SDIC.

Premiums

FAQs

Home Contents

1. Why do I need Enhanced HomePlus insurance when my home is already insured under the mortgage fire insurance with my bank?

The cover under your mortgage fire insurance usually relates to the building structure, permanent fixtures and fittings. Improvements and additions to your home, your household contents and personal belongings may not be covered.


2. Are there unique features offered by Enhanced HomePlus insurance?

Enhanced HomePlus covers a wide range of benefits from fire, weather related losses or damage to break-in to the home, personal legal liabilities and many other benefits. Certain unique features are benefits like payment of monthly service and conservancy charges that are still payable after the home is uninhabitable after a loss, the dishonesty or fraudulent acts of your domestic servants, to name a few.


3. What is the definition of Contents?

Contents refer to household goods and personal effects belonging to you and members of your household including your domestic servant eg furniture, furnishings, home appliances, personal computers, books, toys, clothing and other personal belongings including Valuables.


4. What are Valuables and how much are they covered for?

Valuables refers to jewellery, watches, furs, curios, works of art, antiques, stamps and coin collections and other collectable property, manuscripts, medals, items of gold, silver or other precious metals or precious stones kept in the home. Each article or item is covered up to 5% of the Sum Insured on Contents and an overall limit of up to 30% of the Sum Insured on Contents, eg Contents under the Superior Plan is $80,000; the limit per article is $4,000 and the maximum limit for all Valuables shall not exceed $24,000.


5. How do I compute the sum to be insured?

The Sum Insured should represent the full value of your home renovations, household contents and personal effects belonging to you and members of your household including any domestic servants living in your home at current day values.


6. Do I need to provide a detailed listing of the contents to be insured?

You do not need to do so. There are however specific limits applicable – refer to answer for FAQ 4 above. Where an article is part of a pair or set, suite, group or collection of articles of similar pattern, colour or design, it will be regarded as an article on its own without reference to the special value that such article bears to the pair or set, suite, colour, pattern or design. The specified limits do not apply to furniture, personal computers, audio and video equipment, pianos or organs.


7. What is the sum I can recover after a loss?

Payment is based on the cost of repairs in the case of partial damage or replacement as new for property totally lost or destroyed. The Sum Insured for Contents and Renovations must represent the full value as new at the time of the loss or damage; otherwise, a deduction will be made for any wear and tear or depreciation.


8. How does Enhanced HomePlus cover me if I am a tenant of a rental home?

You will be covered for all the benefits outlined in the Benefit table including legal liability arising out of a negligent act for loss or damage to the Contents, fixtures and fittings where these do not belong to you but under your responsibility and the rented residential Building while under your occupation. Normal wear and tear will not be covered.


9. What are the policy exclusions?

The key exclusions are radioactive contamination, war, terrorism, political risks, deliberate or malicious acts of the Insured or members of the Insured’s household. The full details of the exclusions are contained in the policy document.

Building

1. Why do I need to buy Building cover for my home?

If your residential Building is no longer covered under any mortgage fire insurance following full settlement of your home loan with the HDB, bank or financial institution, it is important to consider insuring your property to safeguard against the financial strain caused by any loss or damage to your asset. Covering your residential building under Enhanced HomePlus is very affordable at $4.28 per annum for every $10,000 Sum Insured for your continued peace of mind.


2. Do I need Building cover for my condominium apartment when the Management Corporation has in place fire insurance for my property?

If your condominium apartment is a Strata Title property, the Management Corporation is required to effect fire insurance for the building(s). You do not need to take up separate fire insurance in this case. Please check with your Management Corporation on the details.


3. What is the definition of Building?

Building refers to the physical structure of the house, apartment or flat (excluding foundations and drains) and includes walls, gates, fence, footpath, swimming pool, patios, terraces, driveways; and all other permanent fixtures and fittings which were originally part of the building when it was transferred by the developer or builder to the first owner.


4. How do I determine the sum to be insured for my Building?

The Sum Insured should represent the cost of rebuilding or reinstating the building as new at the time of the loss or damage. This excludes foundations, drains and the value of the land. Please review the Sum Insured regularly to take into account the increased cost of construction and general inflation. The General Insurance Association of Singapore provides information on general insurance for consumers at www.gia.org.sg You may refer to their FAQ as a guide to determine the replacement cost for your building. It is advisable that you engage the services of a qualified property valuer or quantity surveyor, say every 3 years to keep abreast with the rebuilding cost at current day prices.


5. What happens if my insured sum is insufficient?

You will not receive full compensation for your loss or damage where the insured amount is less than 80% of the full rebuilding cost at the time of the loss or damage. The amount payable will be proportionately reduced by the sum of the under-insurance to the full replacement cost. See illustration below:

  • Sum Insured for Building $750,000
  • Cost to replace/reinstate Building $1,000,000
  • Percentage of under-insurance 25%
  • Cost of repair/rebuild damage $200,000
  • Claim amount $200,000
  • Enhanced HomePlus pays $150,000(75%)
  • You bear $50,000(25%)

6. Do I need to provide a detailed listing of the contents to be insured?

You do not need to do so. There are however specific limits applicable – refer to answer for FAQ 4 above. Where an article is part of a pair or set, suite, group or collection of articles of similar pattern, colour or design, it will be regarded as an article on its own without reference to the special value that such article bears to the pair or set, suite, colour, pattern or design. The specified limits do not apply to furniture, personal computers, audio and video equipment, pianos or organs.


7. What is the sum I can recover after a loss?

Payment is based on the cost of repairs in the case of partial damage or replacement as new for property totally lost or destroyed. The Sum Insured for Contents and Renovations must represent the full value as new at the time of the loss or damage; otherwise, a deduction will be made for any wear and tear or depreciation.


8. How does Enhanced HomePlus cover me if I am a tenant of a rental home?

You will be covered for all the benefits outlined in the Benefit table including legal liability arising out of a negligent act for loss or damage to the Contents, fixtures and fittings where these do not belong to you but under your responsibility and the rented residential Building while under your occupation. Normal wear and tear will not be covered.


9. What are the policy exclusions?

The key exclusions are radioactive contamination, war, terrorism, political risks, deliberate or malicious acts of the Insured or members of the Insured’s household. The full details of the exclusions are contained in the policy document.

Promotions

EnhancedHomePlus

Yes to all! ^

 Fire
 Burglary
 Water damage

With Enhanced HomePlus, enjoy comprehensive coverage
to protect all that matters to you.

- 19 benefits covering your home contents and renovations to give you complete peace of mind.
- Includes service and conservancy charges of up to $750.
- Access to MSIG’s 24-hour helpline for home emergency services.

222

Promotion ends on 31 December 2017

Call our Customer Service Officers at 6827 2548 (Mon to Fri, 8:45am-5:30pm) or email us for enquiries.

*Promotion terms and conditions apply.

^ Subject to policy terms and conditions.

This promotion does not apply to any existing Enhanced HomePlus, home or home contents insurance policy with MSIG Insurance.

Promotion is not valid in conjunction with any ongoing or existing home promotions, discounts, offers, vouchers, rebates or privileges.

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation. For more information on the scheme, please visit GIA or SDIC.

This is not a contract of insurance. The full terms, conditions and exclusions are set out in the Enhanced HomePlus Policy which will be issued upon MSIG Insurance (Singapore) Pte. Ltd.'s acceptance of your application.

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