Advertisement
OPINIONS
Claim a FREE 1-year Home Insurance from Singlife!
Home insurance is a crucial aspect of protecting your most valuable asset in life. In Singapore, while fire insurance is mandatory, home insurance is not. That leaves your personal belongings and renovations vulnerable to unforeseen events. Investing in home insurance ensures you have comprehensive protection against various risks that could impact your home and financial stability.
Unlike fire insurance, which mainly covers damage to your home’s structure, home insurance protects your personal belongings, renovations, and offers extra benefits like liability protection and temporary housing if your home becomes unlivable.
Liability protection is a part of home insurance that covers you if someone gets hurt on your property or if you accidentally damage someone else’s property. For example, if a visitor slips and falls in your home and decides to sue you for medical expenses, liability protection can help cover those costs. It also applies if, say, your child accidentally breaks a neighbor’s window while playing. This protection helps cover legal fees and any settlements or judgments up to the policy’s limit.
Here’s a breakdown of what home insurance typically covers:
When you buy a new home, it’s likely one of the most significant investments you’ll ever make. Home insurance ensures that this investment is protected right from the beginning. It covers potential damages or losses that could occur, giving you peace of mind knowing your new property is safeguarded against various risks.
If you’re looking to sell your current property and buy a new home, drop us a message on WhatsApp. We’ll help you maximise your profit so you can use your sale proceeds for your next property purchase.
Renovations can significantly increase the value and functionality of your home. Whether you’re adding a new room, upgrading your kitchen, or making other improvements, home insurance can cover these enhancements. This means that in the event of damage, you won’t lose the money you invested in making your home better.
If you’re thinking of renovating your new home, you can also partner with our renovation firm, DreamR, for a home renovation that reflects your vision and requirements, and more importantly, is completed on time.
DreamR provides comprehensive renovation solutions, from the initial concept development to interior design and all the way to construction and handover, ensuring your home transformation is handled with the utmost care and professionalism.
With DreamR, you can enjoy the peace of mind that comes with knowing your renovation project is in expert hands .
Speak with our team at DreamR and drop us a message on WhatsApp or fill up this form to book a callback and meet with our interior designers.
The cost of home insurance varies based on several factors:
Now, if you’ve decided to go ahead with getting home insurance, you can consider any of these home insurance proviers in Singapore:
With Ohmyhome, you can enjoy a FREE One-Year Home Insurance from Singlife. We have collaborated to provide Ohmyhome customers/users with comprehensive home insurance coverage at no cost.
The plan will be valid for one year and is non-renewable, so you won’t have to worry about incurring any fees after 12 months. (As this is a complimentary cover, you will not be able to exchange it for cash.)
However, if you have an existing home insurance plan with Singlife, you will not be able to apply for this as you are only allowed to claim under a single policy.
Redeem a FREE One-Year Home Insurance with Singlife here.
Here are the details of the free coverage.
You can claim for the following perils:
Redeem a FREE One-Year Home Insurance with Singlife here.
The best house insurance depends on your specific needs and budget. Look for comprehensive coverage, a reliable provider, and positive customer reviews. Ohmyhome’s FREE one-year home insurance with Singlife is an excellent option, offering substantial coverage at no cost.
Home insurance costs in Singapore can vary widely, typically ranging from S$100 to S$500 per year, depending on the coverage level, the value of your home and belongings, and the insurer.
No, home insurance is not compulsory in Singapore. However, it is highly recommended to protect your personal belongings, renovations, and provide additional liability coverage.
The original version of this article is published on PlannerBee.
Comments
33
0
ABOUT ME
Your one-stop property solution: Buy. Sell. Rent. Renovate. We’ve got you covered.
33
0
Advertisement
No comments yet.
Be the first to share your thoughts!