Checking tiers against your calculated need: S$60,500 renovation + S$44,000 contents.Recalculate → First, the one you already have: the HDB Fire Insurance Scheme
Compulsory while an HDB loan is outstanding (insurer: Etiqa (HDB's appointed insurer), 16 Aug 2024 – 15 Aug 2029). It covers only the HDB-provided structure, fixtures and fittings — never your renovation or contents. That gap is what the policies below exist for.
| Flat type | Premium (per 5 years, incl GST) | Sum insured |
|---|
| 1-room / Community Care Apartment | S$1.11 | S$37,900 |
| 2-room / 2-room Flexi / Studio Apartment | S$1.99 | S$57,000 |
| 3-room | S$3.27 | S$83,300 |
| 4-room / S1 | S$4.59 | S$117,000 |
| 5-room / S2 / 3-Generation | S$5.43 | S$144,800 |
| Executive / Multi-Generation | S$6.68 | S$176,700 |
Every insurer, A→Z
Standard premiums as published by each insurer (promos excluded); where an insurer publishes monthly or before-GST figures, the ≈ annual figure is our derivation — marked as such. Insurers that price only at quote still publish what each tier covers — compare the structure here, then get quotes.
AIGHomes Essential / Homes Advantage
Published pricingMixed basisBuilding included
Homes Essential covers your sumsS$6.31/month, all home sizes ≈S$76/yr incl GST
Contents + renovation (one limit) S$150,000Building S$100,000Liability S$400,000Alt. accommodation S$20,000
Building: Complimentary building layer, varies by flat type (S$19,500 1-room → S$100,000 executive); HDB/MCST-standard fixtures only
Worldwide PA S$20,000; utility-bill protection S$20,000; HomeCare visits 3×/yr
Advantage Classic partly coversS$203.56/yr incl GST
Contents S$20,000Building S$85,000Liability S$1,000,000Alt. accommodation Lowest of 10% building SI / 20% contents SI / S$20,000
Advantage Superior partly coversS$290.76/yr incl GST
Contents S$35,000Building S$135,000Liability S$1,000,000Alt. accommodation Lowest of 10% building SI / 20% contents SI / S$20,000
Advantage Premier covers your sumsS$401.94/yr incl GST
Contents S$50,000Building S$225,000Liability S$1,000,000Alt. accommodation Lowest of 10% building SI / 20% contents SI / S$20,000
- Advantage contents cover is all-risks
- Loss of rent up to 20% of building SI (Advantage)
- Custom high-value tier available (quote)
- ⚠ Homes Essential's building layer covers HDB/MCST-standard fixtures only — your renovation sits in the contents limit
AllianzHome Protect
Published pricingNamed perilsBuilding = add-on
Silver below your sumsS$98.10/yr incl GST
Contents S$40,000Renovation S$60,000Liability S$2,000,000 (per event, worldwide)
Building: Building only via add-on (+S$500k = S$258.88/yr)
Gold covers your sumsS$153.69/yr incl GST
Contents S$60,000Renovation S$90,000Liability S$2,000,000 (per event, worldwide)
Building: Building only via add-on
Platinum covers your sumsS$273.59/yr incl GST
Contents S$100,000Renovation S$150,000Liability S$2,000,000 (per event, worldwide)
Building: Building only via add-on
- Highest standard liability in the market (S$2M per event)
- All-risks upgrade add-on priced per tier (S$70.85–120.99/yr)
- Add-on contents +S$100k = S$207.10/yr
- ⚠ No building cover in any standard tier — the +S$500,000 building/renovation add-on (S$258.88/yr) is the only route
Etiqa (Tiq)Tiq Home Insurance
Quote-only pricingNamed perilsFlexible sums
Modular — pick sections and sums: building (HDB S$37,900–176,700 mirroring HDB fire sums; private S$300k–2M), renovation (HDB S$20k–180k; private S$100k–1M), contents (S$15k–120k HDB / S$50k–150k private). Liability S$500k (HDB) or S$1M (private). Premium: quote-only.
- 1/3/5-year terms; emergency home assistance on 3/5-year plans
- Valuables 30% of contents SI (max S$1,000/article)
- ⚠ No separate alternative-accommodation benefit — only an Emergency Cash Allowance (S$5,000 if fully uninhabitable)
- ⚠ Proportional average applies if under-insured
Great EasternGREAT Home Protect
Quote-only pricingAll-risksFirst-loss (no average)Building included
Premier covers your sumsQuote-only
Contents S$50,000Building S$150,000Liability S$1,000,000Alt. accommodation S$25,000
Building: Building & renovation combined, first loss
Green benefits: solar panels S$25k, EV charger S$10k, build-back-greener +10%
Superior below your sumsQuote-only
Contents S$25,000Building S$50,000Liability S$500,000Alt. accommodation S$15,000
Building: Building & renovation combined, first loss
Standard (Tenant) below your sumsQuote-only
Contents S$40,000Liability S$500,000Alt. accommodation S$15,000
Building: Tenant plan — no building section
- First-loss basis — no under-insurance penalty
- All-risks cover
- Valuables up to 35% of contents SI
- ⚠ No premiums published at all — online quote only
- ⚠ Excess S$100/claim except fire/lightning; home unoccupied 60+ days excluded
HL AssuranceHome Protect360
Published pricingNamed perilsNo building section
Silver partly coversS$22.23/month excl GST ≈S$291/yr incl GST
Contents + renovation (one limit) S$100,000Liability S$500,000Alt. accommodation S$15,000 (max 30 days, daily caps)
Building: No building section (HLAS fire insurance is a separate product)
Gold covers your sumsS$38.89/month excl GST ≈S$509/yr incl GST
Contents + renovation (one limit) S$200,000Liability S$500,000Alt. accommodation S$30,000 (max 30 days, daily caps)
Building: No building section
Platinum covers your sumsS$54.45/month excl GST ≈S$712/yr incl GST
Contents + renovation (one limit) S$300,000Liability S$500,000Alt. accommodation S$45,000 (max 30 days, daily caps)
Building: No building section
- Family personal accident S$35,000 worldwide
- Free 24hr home concierge
- Optional personal-effects add-on per tier
- ⚠ One combined limit for contents + renovation + fixtures — size it for BOTH
- ⚠ Valuables sub-limit S$5,000 (S$2,500/article)
- ⚠ Premiums published monthly excl GST — annual figures here are derived
Income InsuranceEnhanced Home Insurance
Quote-only pricingNamed perilsFlexible sums
Flexible sums — you choose building, renovation and contents cover; premium by quote (minimum S$35.97/yr incl GST). Opting into building cover on an HDB flat applies Income's automatic building sums: S$100,000 (5-room & below), S$120,000 (Executive/HUDC/Multi-Gen), S$200,000 (Jumbo). Liability S$500,000 worldwide.
- Alternative accommodation/loss of rent: 10% of total limits (hotel S$350/day)
- Family PA S$50,000; stress payment S$300
- Illustrative brochure examples: 4-room HDB full cover ≈S$195.71 per 3 years (after 15% multi-year discount)
- ⚠ Named perils, not all-risks (all-risks = separate Home Ultimate Protect product)
- ⚠ First S$100 excess on burst pipes and natural disasters
Liberty InsuranceHomeCare
Published pricingNamed perilsBuilding included
Plan A below your sumsS$76.30/yr incl GST
Contents S$15,000Building S$50,000Liability S$500,000
Building: Building + renovation combined
Plan B partly coversS$130.80/yr incl GST
Contents S$40,000Building S$100,000Liability S$500,000
Building: Building + renovation combined
Plan C covers your sumsS$196.20/yr incl GST
Contents S$50,000Building S$200,000Liability S$500,000
Building: Building + renovation combined
- Cheapest published entry plan with building cover (S$76.30/yr)
- PA S$50,000 on all plans
- 3-year plans discounted (~15%)
- ⚠ Top-up beyond Plan C requires a quote
MSIGEnhanced HomePlus
Published pricingNamed perilsBuilding = add-on
Standard covers your sumsS$120.99/yr incl GST
Contents S$50,000Renovation S$75,000Liability S$1,000,000 (worldwide, aggregate)Alt. accommodation 10% of contents+renovation SI (≈S$12,500)
Building: Building add-on: S$4.36 per S$10,000 SI (min S$50,000), adds S$1M property-owner liability
Superior covers your sumsS$179.85/yr incl GST
Contents S$80,000Renovation S$115,000Liability S$1,000,000 (worldwide, aggregate)Alt. accommodation 10% of Section I (≈S$19,500)
Building: Building add-on: S$4.36 per S$10,000 SI
Ultimate covers your sumsS$237.62/yr incl GST
Contents S$120,000Renovation S$150,000Liability S$1,000,000 (worldwide, aggregate)Alt. accommodation 10% of Section I (≈S$27,000)
Building: Building add-on: S$4.36 per S$10,000 SI; extra contents/renovation add-ons available
- Separate, generous renovation sums (S$75k–150k)
- Family accidental death + hospital cash included
- Building priced transparently per S$10,000
- ⚠ Alt-accommodation dollar caps are our derivation from the official 10% rule
QBEHome Prestige
Published pricingNamed perilsBuilding included
Public housing covers your sumsS$109/yr incl GST
Contents S$200,000Building S$100,000Liability S$5,000,000
Building: Incl. fixtures & renovations
Private non-landed covers your sumsS$163.50/yr incl GST
Contents S$200,000Building S$100,000Liability S$5,000,000
Building: Incl. fixtures & renovations
Landed covers your sumsS$261.60/yr incl GST
Contents S$200,000Building S$100,000Liability S$5,000,000
Building: Incl. fixtures & renovations
- Biggest contents limit (S$200,000) and liability (S$5M) in a published plan
- One benefit set — price varies only by housing type
- ⚠ Brochure dated 13 May 2024 — confirm current pricing before purchase
- ⚠ Excess S$100
SinglifeHome Insurance
Quote-only pricingNamed perilsFirst-loss (no average)No building section
Home Lite partly coversQuote-only
Contents S$35,000Renovation S$75,000Liability S$500,000 (+ S$50,000 tenant's liability)Alt. accommodation S$12,000 (S$1,000/week, 12 weeks)
Building: Building optional enhancement up to S$1M (any tier)
Home Standard covers your sumsQuote-only
Contents S$50,000Renovation S$100,000Liability S$500,000 (+ S$50,000 tenant's liability)Alt. accommodation S$12,000 (S$1,000/week, 12 weeks)
Building: Building optional up to S$1M
Home Plus covers your sumsFrom S$243.89/yr (before promo)
Contents S$100,000Renovation S$100,000Liability S$500,000 (+ S$50,000 tenant's liability)Alt. accommodation S$12,000 (S$1,000/week, 12 weeks)
Building: Building optional up to S$1M
Only a from-price is published — full table is quote-only
- First-loss basis — no under-insurance penalty
- Optional add-ons: cyber S$3,000, family PA S$50,000, bicycle/PMD
- Claims payout via PayNow
- ⚠ Premiums effectively quote-only
- ⚠ Burst-pipe repair carries S$300 excess
SompoHomeVital / HomeMax
Quote-only pricingMixed basisFlexible sums
Choose your sums (quote-only; min premium S$54.50 incl GST) subject to published minimums — e.g. 4-room HDB: building S$100,000 (mandatory for HDB owners), renovation ≥S$40,000, contents ≥S$20,000. HomeVital = named perils, liability S$500k, alt accommodation S$50k. HomeMax = all-risks, liability S$1M, alt accommodation S$100k. (HomeBliss is withdrawn.)
- Only insurer publishing per-flat-type minimum sums
- HomeMax alt-accommodation up to S$100,000 is the largest found
- ⚠ Proportional average applies if under-insured (brochure shows the pro-rating example)
- ⚠ Theft/burst-pipe/malicious cover void while home unoccupied
Tokio MarineTM Flexi-Home
Published pricingMixed basisBuilding included
Standard partly coversS$90/yr before GST ≈S$98/yr incl GST
Contents S$20,000Building S$80,000Liability S$250,000
Building: Incl. renovations/fixtures (named perils); contents all-risks
Classic partly coversS$125/yr before GST ≈S$136/yr incl GST
Contents S$30,000Building S$120,000Liability S$500,000
Building: Incl. renovations/fixtures
Premier covers your sumsS$225/yr before GST ≈S$245/yr incl GST
Contents S$50,000Building S$180,000Liability S$1,000,000
Building: Incl. renovations/fixtures
- Custom option with published rates (building 0.036%/yr named perils, contents 0.315%/yr)
- PA for insured + spouse S$20,000 each
- EV charger + solar extension S$100/yr
- ⚠ Premiums published BEFORE GST (annual figures here add 9%)
- ⚠ Brochure dated Aug 2025 — agent-distributed; confirm at quote
Also in the market (fully quote-based)
Chubb — Masterpiece®: High-net-worth homes & valuables, fully customised — quote-only.
official page EQ Insurance — EQ HomeGUARD: 8 standard plans + custom; average clause if building/reno insured <85% of value. Quote-only.
official page India International — Home Insurance: Quote-only; 'from S$10/month' teaser, no published sums.
official page Is the HDB fire insurance scheme enough?No. The compulsory HDB Fire Insurance Scheme (insurer: Etiqa, S$1.11–S$6.68 per 5-year term) covers only the HDB-provided building structure, fixtures and fittings. Your renovations and all home contents are excluded — a separate home insurance policy is needed for those.
How much does home insurance cost in Singapore in 2026?Published standard premiums for HDB-suitable plans start around S$76–S$121 a year (Liberty HomeCare Plan A S$76.30, Allianz Home Protect Silver S$98.10, QBE Home Prestige public housing S$109, MSIG Enhanced HomePlus Standard S$120.99, all including GST). Larger sums insured run S$200–S$400+ a year. Several insurers (Income, Tiq, Sompo, Great Eastern, Singlife) price only at quote.
Does home insurance cover my renovation?Yes, but insurers structure it differently: some give renovation its own sum insured (MSIG S$75,000–150,000, Allianz S$60,000–150,000, Singlife S$75,000–100,000), some combine renovation and contents into one limit (HL Assurance S$100,000–300,000), and some include renovations inside the building sum (Tokio Marine, Liberty, QBE). Check which pot your renovation actually sits in — it changes how much cover you need.
What does 'first loss' mean in home insurance?A first-loss policy (e.g. Great Eastern GREAT Home Protect, Singlife Home) pays claims up to the sum insured without penalising you for insuring less than the full value of your home. Policies without it can apply 'average' — if you insure half the true value, claims can be cut proportionally (Sompo's brochure shows the pro-rating worked example; EQ applies it below 85% of value).
Do condos need building insurance?The MCST's master policy insures the building shell and common property, but it generally does not cover your interior renovations, fixtures or contents. Condo owners typically need renovation + contents cover; landed owners need full building cover at reinstatement (rebuild) cost, not market value.
How much home insurance coverage do I need?Add what it would cost to redo your renovation to what it would cost to replace every item you own, then check the policy's per-item limits for valuables. Our home coverage calculator prices the layers from your own numbers in under a minute.
General information for comparison and education, not financial advice or a recommendation of any insurer or product. Figures are from the insurers’ official published materials as at 2026-07-23; insurers reprice, revise benefits and withdraw products (Sompo HomeBliss and Budget Direct’s Singapore home product are already discontinued). Sub-limits, excesses and exclusions in the policy wording determine what a claim actually pays. Confirm with the insurer or a licensed financial adviser before any decision. MoneyAtlas has no paid placement in this comparison.