Property Insurance
Coverage protecting property against loss caused by a fire or lightning that is usually included in homeowners or commercial multiple peril policies.
Common Types of Home Insurance
Your home insurance needs can vary depending on the type of property. Here are 3 common types of home ownership:
Property Types |
HDB homes |
Private apartments or homes with Strata Title |
Landed homes or private property without Strata Title |
Building & Structural Coverage |
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Home Contents Insurance |
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Mortgagee Interest Policy (MIP) |
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What Does Fire Insurance for Residential Property Cover?
Most fire insurance for buildings cover against damages caused to an apartment/unit by:
- Fire
- Lightning
- Domestic Explosion
- Bursting or Overflowing of Water Tanks and Apparatus
- Road Vehicle Impact
- Aircraft Impact
- Malicious Intent
- Riot and Strike
- Earthquake, Windstorm and Flood
Contents of your property are usually not covered. You have to purchase a separate or additional policy for home contents.
What Does Home Contents Insurance Cover?
It covers the contents of your apartment/unit, including:
- Appliances
- Furniture
- Ornaments
- Computers
- Kitchenware
- Books
- Personal Effects
- Fixtures & Fittings which do not form part of the building
This policy is also applicable to tenants.