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Home insurance

How much home insurance cover do you actually need?

Most homes are insured by guesswork — a tier picked from a table. Price your renovation, contents and liability layers from your own numbers instead, and see the gap the compulsory HDB fire scheme leaves wide open.

Your home

The renovation and contents figures pre-filled for a HDB 4-roomare modeled mid-range planning presets — replace them with your real numbers (your renovation contract and a quick room-by-room tally are the honest inputs). Under-insuring can trigger proportional payouts (“average”) on some policies.

Cover your policy needs to replaceS$104,500

S$60,500 renovation/fixtures + S$44,000 contents, with the 10% buffer

Renovation / building layerS$60,500
Contents layerS$44,000
Personal liability≥ S$500,000
The HDB Fire Insurance Scheme is not thisThe compulsory HDB fire policy (a few dollars for 5 years) covers only the HDB-provided structure, fixtures and fittings. Your S$60,500 of renovation and S$44,000 of contents are entirely uninsured until you buy a home insurance policy with these sums.

High-value items are often sub-limited per article — declare them individually. See which insurers’ tiers actually reach these sums →

A planning estimate from your own inputs — not advice or a quote. Presets are modeled mid-range figures; policies differ in how they define building vs renovation cover, per-item sub-limits, and whether “average” (proportional under-insurance reduction) applies. Liability tiers of S$500,000–S$1,000,000 are the market standard. Check the policy wording or ask an adviser before relying on any figure.

Sums insured are only half the policy

Free and no obligation — an adviser can help you:

  • Check the wording that actually bites: per-item sub-limits, 'average' clauses, excess levels
  • Match your numbers to a real tier — over-insuring wastes premium, under-insuring cuts every claim
  • Coordinate the layers: MCST master policy, HDB fire scheme, mortgagee requirements, and your own policy
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