Which is the best home insurance coverage around?

Hey Kai Le!

Seedly has previously written an article on this topic but let me bring out the main points of consideration for you! When choosing your home insurance policy, it's best to understand your needs so you cover yourself sufficiently. If you are looking for the cheapest home insurance, here are some options:

• FWD Home Insurance

• NTUC Income’s Enhanced Home Standard Insurance

• Tiq Home Insurance

Depending on how much coverage you need for home contents or renovations, you can get the lowest priced plan at $35.51 a year. Or the most expensive plan at a yearly premium of $413.77. NTUC Income’s Enhanced Home Standard Insurance offers both the cheapest as well as the most expensive home insurance plans available in the market.

However, you should not just be looking for the cheapest or the most comprehensive insurance plan out there. 2 main things to consider:

1) Renovations, Fixtures and Fittings

If you’re living in a 4-room HDB flat which you renovated for next to nothing, you probably wouldn’t need a costly plan with extensive coverage for this, and vice versa.

2) Home Content

Depending on what you have at home and how valuable your items are, your coverage will vary.

If you require more in depth explanation or a comparison among a list of home insurance plans, feel free to take a look at this article here!​​​