Know more about home contents insurance Singapore

Contents, building and combined building & contents cover are three main home insurance policies.Home content insurance Singapore covers your personal belongings, while buildings cover the fixtures, fittings and structures in your home. Combined buildings & contents cover is suitable for house owners. That is to say. Buildings cover is handled by the landlord if you rent.

Home contents insurance Singapore covers alternative accommodation, personal belongings, renovation works, and even repairs to your neighbors damaged property that you are liable.

The premium for home contents insurance Singapore depends on the amount insured but not the size of the house. Interestingly, survey reveals that jeweler, furniture and furnishings, computers, audio-visual equipment and air conditioners rank top five items house owners want to protect. But for owners of larger properties, they are more likely to consider higher coverage, as they spent more on renovation and have more home contents. Every home contents insurance plan differs in premium, coverage and the sum insured, so house owner could consult the insurance clients first and then to choose the coverage that best meets your budget and needs,.

In Singapore, many people buy and renovate their properties with lots of money, but few of them know how to protect their asset in the event of unforeseen factors. Among these factors, water, fire damage and theft are the most common risk in daily life. Data show that there were 2,888 residential fires in 2014 in both private homes and public. The highest claim compensation for home contents insurance Singapore is close to $95,000 for now. If you a house owner who spent almost all savings to this investment, believe me, having a home contents insurance is a real plus to protect your properties and avoid out of pocket expenses while travelling for a holiday or working full-time.