Owning a home in Singapore is a dream come true, but it also comes with responsibilities. Protecting your precious investment with the right home insurance plan is crucial. But with so many options available, navigating the market can be overwhelming. Worry not, fellow homeowners! This article unveils the top 10 home insurance plans in Singapore for 2024, helping you find the perfect fit for your needs and budget.
The Best Home Insurance Plans in Singapore
1. FWD Home Protector
This plan offers comprehensive coverage for both HDB flats and private properties, with add-ons like renovation and rental income protection. Their digital platform makes claims and policy management a breeze.
| Address | #18-01 Suntec Tower 4 6 Temasek Boulevard Singapore 038986 |
| Phone | 68208888 |
| Website | https://www.fwd.com.sg/home-insurance |
2. MSIG Home Secure
This budget-friendly option from MSIG provides basic coverage for HDB flats, including fire, theft, and water damage. Their online portal allows for easy quotes and policy management.
| Address | 4 Shenton Way #21‑01 SGX Centre 2 Singapore 068807 |
| Phone | – |
| Website | https://www.msig.com.sg/personal-insurance/home-insurance |
3. Etiqa Home Advantage
This plan stands out with its extensive coverage for personal belongings, including high-value items like jewellery and electronics. They also offer optional add-ons like accidental damage and pet liability.
| Address | One Raffles Quay, #22-01 North Tower, Singapore 048583 |
| Phone | 68878777 |
| Website | https://www.etiqa.com.sg/personal/home-insurance/ |
4. Singlife with Aviva Home Insurance
This plan provides customizable coverage options for both HDB flats and private properties. They also offer cashless repair services for added convenience.
| Address | 4 Shenton Way, SGX Centre 2 #01-01, Singapore 068807 |
| Phone | 68279933 |
| Website | https://singlife.com/en/home-insurance |
5. AIA Elite HomeCare
This plan offers comprehensive coverage for both HDB flats and private properties, with add-ons like renovation and rental income protection. Their extensive network of preferred repairers ensures fast and hassle-free claims.
| Address | 1 Finlayson Green Singapore 049246 |
| Phone | 18002488000 |
| Website | https://www.aia.com.sg/en/our-products/travel-and-lifestyle/home/aia-elite-homecare |
6. Great Eastern HomeGR8 Plus
This plan boasts a wide range of coverage options, including accidental damage, personal liability, and even landlord protection for rental properties. Their online portal and mobile app offer convenient policy management.
| Address | – |
| Phone | 18002482888 |
| Website | https://www.greateasternlife.com/sg/en/personal-insurance/our-products/home-insurance.html |
7. Tokio Marine Flexi-Home Enhance
This plan offers customizable coverage options for both HDB flats and private properties, with add-ons like renovation and temporary accommodation. Their efficient claims process ensures prompt resolution.
| Address | – |
| Phone | – |
| Website | https://www.tokiomarine.com/sg/en/non-life/products/personal/home/flexihome.html |
8. Income Enhanced Home Insurance
This plan provides basic coverage for HDB flats, including fire, theft, and water damage. Their affordability and online portal make them a good option for budget-conscious homeowners.
| Address | Various |
| Phone | Various |
| Website | https://www.income.com.sg/enhanced-home-insurance |
9. AIG Homes Advantage Package
This comprehensive package caters to homeowners with high-value properties and features automatic cover for renovations, home electronics, and specific personal belongings. It also includes 24/7 home assistance services, adding an extra layer of comfort.
| Address | AIG Building 78 Shenton Way, Level 1 Singapore 079120 |
| Phone | – |
| Website | https://www.aig.sg/personal/home-insurance |
10. Chubb Masterpiece
Chubb Masterpiece goes beyond standard fire and theft protection, offering coverage for a wide range of risks, including fine art, jewellery, antiques, high-end electronics, and even wine collections. You can customise your plan to your specific needs with various add-ons like cyber liability, kidnap and ransom, and even coverage for lost or stolen passports.
| Address | 138 Market Street, #11-01, CapitaGreen Singapore 048946 |
| Phone | 62990988 |
| Website | https://www.chubb.com/sg-en |
Conclusion
The best home insurance plan is the one that aligns with your individual needs and budget. Carefully compare features, coverage options, and premiums before making your decision. Don’t hesitate to contact the insurers directly for personalised quotes and clarifications. With this guide and the contact details provided, you can confidently choose the perfect home insurance plan to shield your Singaporean castle from unforeseen storms. Rest assured, your haven is safe and secure with the right coverage.
