HOME INSURANCE

Home Insurance

Home insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

This product provides comprehensive cover for insurer’s home. Your home may be a HDB flat, Private Condominium, or Landed property, it is probably one of your most important investment and this is why it is so important to have your place properly insured against any losses, and also any inconvenience and liability which may arise. Insurance for homes may be similar, but it is important to understand the risk and concerns which you need to address with right insurance plan.

This product policy is usually on a multiple coverage package, which addresses the common concerns which home owners may face. However, it is important to note that the policy is on a yearly renewal basis and that the policy will deem to be void if renewal is not processed before its expiry. Most of the benefits are on indemnity basis. Apart for the insurance on the property, most home insurance will also packaged other benefits under the policy to address to the other concerns of the policy holders.