Sep 19, 2024

Think fire insurance covers everything? Believe tenants don’t require coverage? Uncover the truth and explore how Singlife Home Insurance provides comprehensive protection for your home and belongings. Protect the home and life you cherish with Singlife’s extensive home insurance coverage. Photos: Singlife New: You can now listen to articles. This audio is generated by an AI tool. Brought to you by A home is more than just walls and a roof. It’s a haven where cherished memories are created, from your child’s first steps in the living room to lively conversations around the dinner table. To safeguard this sanctuary, having a comprehensive home insurance plan is essential. However, despite its importance, many misconceptions about home insurance persist. Here are some clarifications on common myths to help you choose the best coverage for your needs. #1 FIRE INSURANCE IS ALL I NEED Many homeowners assume that the fire insurance purchased through the Housing and Development Board or the Management Corporation Strata Title is enough. However, these plans typically only cover the building’s structure, not your household contents or renovations. This is where Singlife Home Insurance comes in. It offers up to S$100,000 coverage for household contents, including furniture, electronics, jewellery and domestic appliances, and another S$100,000 for renovation works. Additionally, with Singlife’s new enhancements, you can upgrade your coverage to protect both household contents and renovations up to S$200,000 each. This ensures that your home’s interior is as secure as its exterior. #2 ALL HOME INSURANCE COVERS THE FULL COSTS OF WATER DAMAGE A burst pipe or water tank doesn’t just create a huge mess – it could leave you with a hefty repair bill. Contrary to popular belief, many home insurance policies only cover damage to your household contents caused by such incidents. With Singlife’s enhanced coverage, you’re protected not only for the repair of the burst pipe itself, but also for tracing the source of the leak – even if it requires wall hacking – and any patching work to restore your home. Plus, Singlife Home Insurance plans protect your home against floods, storms and lightning – a significant concern for those in landed properties or ground-floor flats susceptible to Singapore’s monsoon floods. For even greater peace of mind, landed property owners can opt for Singlife’s new building enhancement, which includes structural damage coverage. #3 I’M JUST A TENANT, I DON’T NEED HOME INSURANCE Think you don’t need home insurance if you’re renting? While your landlord’s policy likely covers structural damage, it won’t protect your personal items or cover liability for theft or accidents. Singlife Home Insurance plans provide coverage for your belongings, such as valuables, documents and bank cards. Additionally, they now offer up to S$50,000 in tenant liability coverage – double the previous amount. This protection is crucial for protecting against accidental damage to your landlord’s property, whether it’s your little one scrawling on the walls or your partner denting the floor by dropping something heavy. #4 HOME INSURANCE EXCLUDES MEDICAL OR EMERGENCY EXPENSES Home insurance may not match health insurance when it comes to medical coverage. However, some policies offer medical expense coverage if you or your family suffer an accidental injury at home caused by an insured event – such as a fire, burglary, or being hurt by an animal that isn’t your domestic pet. For instance, Singlife Home Insurance plans can cover medical expenses up to S$3,000 under these conditions. Moreover, if your home becomes uninhabitable, Singlife provides immediate relief with an emergency cash allowance and reimbursement for temporary accommodation. Landlords can claim for rental income loss, too. And if you’ve undertaken repairs due to an insured event and need assistance with cleaning up after the repair work is completed, Singlife’s enhanced plans cover the cost of engaging cleaning services or domestic help within 14 days of completion. #5 HOME INSURANCE ONLY COVERS MY PROPERTY While property claims are central to home insurance, certain policies provide additional benefits. For instance, Singlife’s Home Plus plan covers the accidental death of a domestic pet, which can help ease the burden of end-of-life expenses. If a household member contracts an infectious disease as certified by a doctor, Singlife’s Home Plus plan even covers professional home-cleaning costs to disinfect your home. Additional options include coverage for bicycles, personal mobility devices, loss of food stored in a freezer due to a power outage, protection against online scams and e-commerce disputes, and fees for new lock installations when keys are misplaced or stolen. Choosing the right home insurance ensures peace of mind. With Singlife’s comprehensive policies, you can protect your home and the life you cherish with loved ones. Safeguard your home with Singlife. Get a quote today and receive complimentary Singlife Dengue Aid insurance for 12 months with the purchase of any Singlife Home Insurance policy (limited-time offer; terms and conditions apply). Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme insured members enjoy a free upgrade to the next Singlife Home Insurance plan tier. This policy is underwritten by Singapore Life (Singlife). This material is published for general information and is not an insurance contract. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract. Protected up to specified limits by SDIC. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox