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Best Home Insurance in Singapore 2022

Compare and read real user reviews on Home Insurance in SingaporeUpdated December 2022

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17 Products Found

    Tiq Home Insurance (HDB)

    From $77.49

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $120,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $180,000

    RENOVATIONS & FIXTURES COVERAGE

    Up to $98,200

    BUILDING COVERAGE

    Tiq Home Insurance (Condo/Landed)

    From $135.30

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $150,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $1,000,000

    RENOVATIONS & FIXTURES COVERAGE

    Up to $2,000,000

    BUILDING COVERAGE

    📣 SIGN-UP BONUS

    Use TIQSINGSAVER to get 25% off and up to S$50 Cash via PayNow when you apply. Plus win up to S$8,000 worth of prizes in TIQ Lucky Draw

    Valid till 31 Dec 2022. T&Cs apply.

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    "It is by far one of the better insurance companies out there...." 1w ago

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    FWD Home Insurance (HDB)

    From $44.01

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $100,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $100,000

    RENOVATIONS & FIXTURES COVERAGE

    Up to $80,000

    BUILDING COVERAGE

    FWD Home Insurance (Condo)

    From $54.14

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $100,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $100,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    FWD Home Insurance (Landed)

    From $57.83

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $100,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $100,000

    RENOVATIONS & FIXTURES COVERAGE

    Up to $1,000,000

    BUILDING COVERAGE

    Lim Boon Tat

    "I use FWD for a lot of my insurance needs because they..." 2mth ago

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    AIA Elite Home Care Standard

    From $169.15

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $16,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $80,000

    BUILDING COVERAGE

    AIA Elite Home Care Comprehensive

    From $231.46

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $24,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $120,000

    BUILDING COVERAGE

    AIA Elite Home Care Executive

    From $399.50

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $37,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $260,000

    BUILDING COVERAGE

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    AIG Enhanced Public Housing Contents Insurance (EPHCI) 4-room HDB

    From $70.62

    ANNUAL PREMIUM

    Up to $400,000

    PERSONAL LIABILITY

    Up to $150,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $69,500

    BUILDING COVERAGE

    AIG Public Housing Protection Plan (PHPP) 4-room HDB

    From $81

    ANNUAL PREMIUM

    Up to $500,000 worldwide

    PERSONAL LIABILITY

    Up to $30,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $150,000

    BUILDING COVERAGE

    AIG Enhanced Public Housing Contents Insurance (EPHCI) 3-room HDB

    From $70.62

    ANNUAL PREMIUM

    Up to $400,000

    PERSONAL LIABILITY

    Up to $150,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $42,000

    BUILDING COVERAGE

    📣 SIGN-UP BONUS

    Snag S$50 via PayNow when you purchase a 5-year AIG Enhanced Public Housing Contents Insurance - For HDB only plan.

    Valid till 31 Dec 2022. T&Cs apply.

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    Allianz Home Protect Silver Plan

    From $96.30

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $40,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Add-on option

    BUILDING COVERAGE

    Allianz Home Protect Gold Plan

    From $150.87

    ANNUAL PREMIUM

    Up to $750,000

    PERSONAL LIABILITY

    Up to $50,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Add-on option

    BUILDING COVERAGE

    Allianz Home Protect Platinum Plan

    From $272.85

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $100,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Add-on option

    BUILDING COVERAGE

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    Allied World Home Protector 360 Plan 1

    From $142.40

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $30,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $100,000

    BUILDING COVERAGE

    Allied World Home Protector 360 Plan 2

    From $214.40

    ANNUAL PREMIUM

    Up to $750,000

    PERSONAL LIABILITY

    Up to $45,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $150,000

    BUILDING COVERAGE

    Allied World Home Protector 360 Plan 3

    From $350.40

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $90,000

    HOUSEHOLD CONTENT COVERAGE

    N/A

    RENOVATIONS & FIXTURES COVERAGE

    Up to $300,000

    BUILDING COVERAGE

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    AXA SmartHome Essential Standard

    From $53.50

    ANNUAL PREMIUM

    Up to $250,000

    PERSONAL LIABILITY

    Up to $15,000

    HOUSEHOLD CONTENT COVERAGE

    Up to S$50,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    AXA SmartHome Essential Classic

    From $82.93

    ANNUAL PREMIUM

    Up to $250,000

    PERSONAL LIABILITY

    Up to $25,000

    HOUSEHOLD CONTENT COVERAGE

    Up to S$100,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    AXA SmartHome Essential Deluxe

    From $120.38

    ANNUAL PREMIUM

    Up to $250,000

    PERSONAL LIABILITY

    Up to $35,000

    HOUSEHOLD CONTENT COVERAGE

    Up to S$180,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

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    Chubb Simply Home Enhanced Plan 1

    From $22.30

    ANNUAL PREMIUM

    Up to $500,000

    PERSONAL LIABILITY

    Up to $20,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $80,000

    RENOVATIONS & FIXTURES COVERAGE

    Covered under Renovations & Fixtures

    BUILDING COVERAGE

    Chubb Simply Home Enhanced Plan 2

    From $38.26

    ANNUAL PREMIUM

    Up to S$500,000

    PERSONAL LIABILITY

    Up to $40,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $100,000

    RENOVATIONS & FIXTURES COVERAGE

    Covered under Renovations & Fixtures

    BUILDING COVERAGE

    Chubb Simply Home Enhanced Plan 3

    From $43.87

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $60,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $120,000

    RENOVATIONS & FIXTURES COVERAGE

    Covered under Renovations & Fixtures

    BUILDING COVERAGE

    DBS myHome Protect II

    No rating yet

    0 Reviews

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    myHome Protect II - Classic Plan

    From $95.90

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $50,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $100,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    myHome Protect II - Premium Plan

    From $178.08

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $100,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $150,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    myHome Protect II - Ultimate Plan

    From $232.80

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $150,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $200,000

    RENOVATIONS & FIXTURES COVERAGE

    N/A

    BUILDING COVERAGE

    From $115.03

    ANNUAL PREMIUM

    Up to $1,000,000

    PERSONAL LIABILITY

    Up to $500,000

    HOUSEHOLD CONTENT COVERAGE

    Up to $500,000

    RENOVATIONS & FIXTURES COVERAGE

    Optional Benefit

    BUILDING COVERAGE

    📣 SIGN-UP BONUS

    Enjoy 15% off when you purchase HomeGR8 Plus 3 year plan

    Valid till 31 Dec 2022. T&Cs apply.

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    Seedly's Product Comparison Page Listing Guidelines
    For Home Insurance products to be listed on Seedly's Product Comparison Page, they have to fulfil the following criteria:

    • Policies protected under the Policy Owners’ Protection (PPF) Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC)
    • Provides household content and renovation coverage

    Best Home Insurance Plan in Singapore Review and Comparison 2021

    Thinking of getting the best home insurance plan in Singapore?

    Here're the various options available in the market right now:

    AIA Elite Home Care Insurance

    AIG Home Insurance

    Allied World Home Protector 360 Insurance

    AVIVA Home Insurance

    AXA SmartHome Essential Home Insurance

    CHUBB Simply Home Enhanced Insurance

    FWD Home Insurance

    Great Eastern HomeGR8 Essential Home Insurance

    Hong Leong Assurance Home Protect360

    India International Insurance Home Insurance

    Liberty Insurance HomeCare Home Insurance

    MSIG Home Insurance

    NTUC Enhanced Home Insurance

    Sompo HomeBliss Home Insurance

    Tiq Home Insurance

    Just check out the real user reviews on SeedlyReviews to find out which is the best option to go with!

    What is Home Insurance?

    "This is... HOMEEEEE, TRULYYY" ~

    Home, is where our safe haven is. In this case, home refers to the place with our loved family members, the place where our chouchou is and where taking a dump is the most comfortable and relaxing. Hence, our home is very important and we need to protect it with... *drum rolls* Home Insurance!

    What's new right?

    In the event of fire, theft or natural disasters, Home Insurance protects both your physical housing space and the contents within, and it is not limited to only the structural features - the building, fixtures, fittings as well as renovations and your household content.

    HDB Fire Insurance vs Home Insurance vs Mortgage Insurance

    If you are staying in an HDB and have an outstanding loan, you would know about the compulsory HDB Fire Insurance, whose current appointed insurer is FWD Singapore. Or if you are paying your outstanding HDB Loan using your CPF, you would need the Home Protection Scheme, a Mortgage Insurance. You may think, all these insurance for only one house, why so extra? Isn't one enough?

    So, what is the difference?

    HDB Fire Insurance

    Compulsory for all HDB Owners with outstanding HDB Loans

    Coverage: Repair works in the unfortunate event of a fire

    Term Period: 5 years (Renewal every 5 years)

    Home Insurance

    Coverage: Internal building, fixtures, fittings as well as renovations and your household content in an event of theft, fire or natural disasters (not that Singapore would have, but just in case) - It includes your domestic helper or

    Mortgage Insurance

    Coverage: Paying of Mortgage loans in an event of death, total & permanent disability

    In other words, you can say that Fire Insurance is a subset of Home Insurance, but both help to insure against the financial burden in the case of a fire or natural disaster. On the other hand, Mortgage Insurance covers other areas as it serves as a protection in the case of death.

    Do I Really Need Home Insurance in Singapore?

    Be it living in or renting your house out, having a Home Insurance plan would serve as a good safety net. Because given that you accidentally left the stove on or that your electricity socket caught on fire, all the money put into decorating and getting your furniture will go down the drain. Not only that, you have to spend more money to repair and renovate.

    I mean, you get to change up some styles that you previously didn't like as much but the cost is hefty. If you don't want to pay double the amount for nothing, it is highly recommended for you to get a Home Insurance.

    After getting your keys and rolling that pineapple to your new house for HUAT AH, you should head down to get all 3 insurance as they complement each other well in providing very comprehensive coverage for your home in an unexpected unfortunate event.

    How Much Home Insurance Coverage Should I Get?

    You should determine the amount of coverage relevant to you, considering all the big ticket items or possible valuables. Take note not to underinsure your policy! Under Insurance is a common mistake for most people as assets have paper value, and given that your policy coverage is lower than what it actually is, you may get penalized in terms of reduced reimbursement when you apply for a claim. Don't say I didn't warn you!

    What to Look Out for When Doing Comparison for a Home Insurance in Singapore?

    Some of the considerations you need to take before choosing a home insurance includes:

    • The cost of the home insurance premium so you don’t end up blowing your spending budget
    • The type and amount of coverage offered for the loss or damage of the contents in your home
    • The type and amount of coverage to your property
    • The transparency and ease of the claims process

    Which Best Home Insurance Plan To Get?

    We have made a comparison between all the home insurances that we have considered in the above list and have summarized the findings below:

    Best and Cheapest Home Insurance Plan in Singapore: NTUC Income’s Enhanced Home Standard Insurance

    Best Value Home Insurance Plan in Singapore: AIG Enhanced Public Housing Contents Insurance

    Comparison Tools To Help You Choose The Best Home Insurance For You

    To help Singaporeans make smarter personal finance decision, here are some tools to help you:

    If you'd like more information you can

    Check out our article(s) which will help you to pick out the best home insurance:

    If you have questions about which home insurance to get after reading our Real User Reviews, why not ask our community of experts and experienced members at Seedly! Best of all, you can even ask your questions anonymously if you're really, really shy!