5 Best Home Insurance in Singapore 2024

Home Insurance Singapore

Owning a home in Singapore comes with the responsibility of protecting it from unforeseen circumstances. In a country where homes range from HDB flats to luxurious condominiums, having the right home insurance Singapore is crucial. In this article, we explore the 5 best home insurance options for 2024, ensuring you make an informed decision to safeguard your property.

Home Insurance Singapore

Best Home Insurance
Services Ratings
Customers Satisfaction
Total Score
Tiq Home Insurance by Etiqa
9.5/10
9.6/10
9.55/10
MSIG Enhanced HomePlus
8/10
8.3/10
8.15/10
FWD Home Insurance
9.5/10
9.5/10
9.5/10
Great Eastern Home GR8
8/10
8/10
8/10
Income Enhanced Home Insurance
8.2/10
8.4/10
8.3/10

Tiq Home Insurance by Etiqa

Tiq Home Insurance Singapore, provided by Etiqa, stands out as an excellent choice for those seeking affordable coverage for HDB flats. Offering customizable 1-year, 3-year, or 5-year plans, Tiq caters to homeowners, landlords, and renters. The coverage includes building, remodeling, and contents, with unique benefits such as emergency cash allowance and valuables coverage. However, high net-worth individuals might find the valuables sub-limits limiting. Despite this, Tiq Home Insurance remains a comprehensive and affordable option for most.

  • Website: tiq.com.sg
  • Address: One Raffles Quay, #22-01 North Tower, Singapore 048583
  • Phone: +65 6887 8777
  • Email: customer.service@etiqa.com.sg
  • Operating Hours: Monday to Friday: 9.00 am to 5.30 pm

MSIG Enhanced HomePlus

Home Insurance Singapore

MSIG’s Enhanced HomePlus insurance stands out with its tailored coverages that cater to specific needs. The comprehensive packages include renovation coverage, protection for movable personal items, and household belongings up to $270,000. The policy goes beyond standard coverage by including expenses for moving and temporary housing in case your home becomes unusable. MSIG’s exceptional third-party liability and medical insurance make it a well-rounded option for homeowners.

  • Website: msig.com.sg
  • Address: 4 Shenton Way #21‑01 SGX Centre 2, Singapore 068807
  • Phone: +65 90485989
  • Email: communications@msig-asia.com
  • Operating Hours: Mondays to Fridays: 8.45 am to 5.30 pm (except Public Holidays)

FWD Home Insurance

Home Insurance Singapore

FWD Home Insurance stands out in the realm of Home Insurance Singapore. Synonymous with competitive rates and comprehensive coverage, it becomes an ideal choice for typical homeowners in the city. With premiums 46-51% below the industry average, this policy is particularly attractive for HDB or Condominium properties. The policy’s flexibility allows customization based on the number of rooms, renovation, content, and building coverage. While not the best fit for high net-worth individuals due to low sub-limits on valuables, FWD Home Insurance remains a cost-effective option covering everything from pet protection to house help.

  • Website: fwd.com.sg
  • Address: #18-01 Suntec Tower 4, 6 Temasek Boulevard, Singapore 038986
  • Phone: +65 6322 2072
  • Email: contact.sg@fwd.com
  • Operating Hours: Mondays to Fridays: 10 am to 4 pm

Great Eastern Home GR8

Home Insurance Singapore

Great Eastern’s HomeGR8 house insurance plans offer lower premiums, making them attractive to homebuyers and renters. The plans provide excellent value to tenants and landlords, with one of the most valuable sub-limits available on the market. While not the cheapest no-frills plan for flat owners, it’s a reasonably priced option with extensive valuables coverage. Currently, they’re running a promotion offering a 15% discount on a 3-year plan enrollment.

  • Website: greateasternlife.com
  • Address: 1 Pickering Street, Great Eastern Centre, #01-01, Singapore 048659
  • Phone: +65 6248 2888
  • Email: wecare-sg@greateasternlife.com
  • Operating Hours: Weekdays: 9.00 am to 5.30 pm

Income Enhanced Home Insurance

Home Insurance Singapore

Income, previously NTUC Income, offers the most cost-effective plan for 3-room HDB property owners. Their Enhanced Home Insurance policy is highly regarded for its emphasis on price and coverage breadth. Despite its affordability, Income doesn’t compromise on essential features, making it suitable for various consumers. With multiple branches across Singapore, Income’s adaptability ensures it caters to the diverse needs of homeowners.

  • Website: income.com.sg
  • Address: Multiple branches in Singapore
  • Phone: Varies according to the location
  • Email: csquery@income.com.sg
  • Operating Hours: Varies according to the location

Conclusion 

Choosing the right home insurance, especially in Singapore, is crucial for protecting your investment. Assess your needs, compare the available home insurance Singapore options, and select the policy that provides the best balance of coverage and affordability.

Before you go, do check out our other article as well!

Reach out to Simibest to discuss Featuring guest posts!

Keep Sharing and spreading the knowledge:)

Leave a Comment

Your email address will not be published. Required fields are marked *