S'pore HDB Fire Insurance: Everything you need to know about it - The Independent Singapore News

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What exactly is this HDB Fire Insurance Scheme? What does it cover and what does it entail? Read on to find out everything you should know about the HDB Fire Insurance, and whether it’s enough for your needs.

In addition, you are the beneficiary of the insurance scheme instead of the bank, even if you are still repaying your home loan with the bank.Insured Perils: This covers you for specific events or mishaps such as fires, floods, and thefts.Home Insurance by different insurers could offer different coverages as unique selling points to differentiate themselves from other insurance companies. The type of Home Insurance also affects the type of coverage available.

In this case, you might want to source a plan that offers the best coverage in the areas that you are more concerned with to best suit your needs. These three questions serve as a rough guide for you to understand your needs. For a more comprehensive guide and evaluation, you may check out

 

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