Home Insurance

Home Insurance

Product Description

Our Home Insurance is designed to meet your needs for contents insurance, building insurance or both. In addition, we offer personal liability protection to cover for injury on your property or property damage caused by you.

Key features

  • Flexible Cover
    Need a simple home coverage or one that covers your special possessions or extra valuables? Our Home Insurance plan is highly customisable, so you are free to pick and choose the elements that are most important to you.
  • Free Personal Liability Cover
    Wherever you may be, we protect you with free personal liability cover of up to $1 million.
  • Optional Special Possessions Cover
    Protect your valuables and personal possessions for a total peace of mind.

Plan highlights

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

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

Optional Domestic Servants Cover
Liability at law or under the Work Injury Compensation Act to your domestic servants.

24/7 Helpline
24/7 Helpline

We provide round-the-clock support for home emergencies, electrician and plumber referrals, and even locksmith assistance.

Claims Made Easy
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.

Text

Plan details

Benefits
Basic Cover
COVERAGE Sum Insured

SECTION 1

Home Contents

 

Home Contents* ^ + 
Household furniture and furnishings including personal belongings. Valuables covered up to 1/3 of Sum Insured, subject to single article limit at 5% of Sum Insured

Sum as proposed by Insured

Contents temporarily removed up to 30 days but within Singapore* 15% of Sum Insured on Home Contents
Replacement of locks and keys* $250
Accidental death of you and your spouse in your home caused by fire or thieves $15,000 or half of the Sum Insured on Home Contents whichever is lesser and in the aggregate
Alternative accommodation or loss of rent 10% of Sum Insured on Home Contents
Deterioration of frozen foods due to failure of your freezer* $500
Worldwide cover for stolen credit card or loss of personal money* $1,000
Domestic servant’s belongings* $500
Removal of debris* $10,000
Accidental death of pedigree pets* $500

SECTION 2

Buildings

 

Buildings including fixtures and fittings*

Sum as proposed by Insured
Professional fees, debris removal and additional cost of complying with Statutory Building Regulations* Up to the Sum Insured on Buildings
Alternative accommodation or loss of rent* 15% of Sum Insured on Buildings (max $50,000)
Fire extinguishing expenses* $2,500 or the amount of expenses, whichever is lower

Personal Liability (Free with Home Contents and/or Buildings cover)

 
Worldwide personal legal liability for you and your family $1,000,000 
Liability as a tenant* $500,000 

SECTION 3

Special Possessions (Optional)

 

Unspecified personal possessions and valuables*^++

Sum as proposed by Insured, subject to $2,500 any one article
Specified personal possessions and valuables*^++ Sum as proposed by Insured

SECTION 4

Domestic Servants (Optional)

 

Liability at law or under the Work Injury Compensation Act to your domestic servants

Sum as assessed at a Court of Law or under the Work Injury Compensation Act

Important Notes:

Note: Section 1 and/or 2 must be purchased first. Sections 3 and 4 are then optional.

*Excess of $100 for each and every claim.
^If any article forms part of a pair or set suite, group or collection, colour, pattern or design, we will pay only for the value of the article and not for any higher value the article may have as part of a pair or set suite, group or collection, colour, pattern or design.
+Excludes contact lenses, handphones and pagers.
++Excludes money, credit cards, contact lenses, handphones, pagers and portable computers.

Premiums

Minimum Premium

$85.60 per policy (inclusive of 7% GST)
FAQs
No. Questions & Answers
1

If I have a HDB fire policy or Fire Mortgage insurance with my bank, do I need to buy separate Home Insurance coverage?

The cover effected under the HDB fire policy or your Mortgage Fire insurance usually relates to the building structures, permanent fixtures and fittings only. Your home contents and personal belongings may not be covered. Home Insurance provides this cover plus optional covers such as Special Possessions and liability to your domestic maids.

2

What is the definition of "Buildings"?

"Buildings" refers to the structure of your private residence including: outbuildings used for domestic purposes, decorative finishes, swimming pools, tennis hard courts, garden walls, patios, terraces, hedges, fences, gates, paths and drives

3

What is the definition of "Home Contents"?

"Home Contents" refers to household items of furniture, furnishings, home appliances, personal computers, books, toys, clothing and other movable personal belongings including valuables.

4

How much should I insure for Buildings and Home Contents?

For Buildings, the sum to be insured should be the cost of rebuilding the buildings at the time of the loss or damage. It should be not less than the full cost of replacement without allowance for wear and tear or depreciation.

For Home Contents, the sum to be insured should reflect the cost of replacing the insured property to its original condition (or its equivalent) at the time just before the damage. If the Sum Insured does not represent the full value as new at the time of the loss or damage, then your claim will be adjusted for any wear and tear or depreciation.

5

What is accidental loss or damage?

This refers to loss or damage caused by fire, theft, flood and any accidental cause so long as it is not excluded under this insurance.

6

What are "Valuables"?

"Valuables" are 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.

7

Are the personal belongings of my domestic maid covered under Home Insurance?

The Home Contents section provides cover of up to $500 for personal effects such as clothing and personal items belonging to your domestic maid who is permanently living with you.

8

There are 4 different covers offered under Home Insurance. Can I choose the type of cover I want?

You have to first purchase either the Home Contents and/or the Buildings covers, after which the optional covers are at your choice. The Personal Liability cover is automatically granted free of charge with the Home Contents and/or Buildings cover.

9

How do I make a claim?

Please contact our Claims Department as soon as possible after any event giving rise or likely to give rise to a claim and complete a Claim form to facilitate the claim process. Written proof of the accident such as police report, invoices and all supporting documents must be furnished as proof of claim.

Important Notice & Disclaimers

This page is for general information only. Full details of the terms, conditions and exclusions of this insurance are provided in the policy and will be sent to you upon acceptance of your application by MSIG Insurance (Singapore) Pte Ltd.

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 contact us here or visit GIA or SDIC.

Compare
  Enhanced HomePlus Home Insurance

Home Contents & Renovation

$270,000 Sum as proposed

Building Structure

Sum as proposed Sum as proposed

Alternative Accommodation or Loss of Rent

10% of Home Contents & Renovations insured

10% of Sum insured for Home Contents

Removal of Debris

5% of Home Contents & Renovations insured

$10,000

Worldwide Personal Liability as owner

$1 million

$1 million

Special Possessions

- Sum as proposed subject to $2,500 per article

Workmen Injury Compensation for Domestic Servants

- Sum as assessed by WICA

Hospital Cash Benefit

$75 per day per person (up to 90 days) -

*Cover is based on highest plan.

See all Home products