What insurance does homeowners need?

What insurance does homeowners need?

With existing property loan from:

  1. HDB: HDB Fire Insurance is compulsory. A plan covering home contents and renovations should be purchased on top of this.
  2. Banks: Usually, fire insurance is packaged with the loan. A plan covering home contents and renovations should be purchased on top of this. 

In the absence of a property loan, it is recommended that all homeowners buy a fire insurance and home contents and renovation insurance.

Comment on this FAQ

Your email address will not be published. Required fields are marked *