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Compare the Best Home Insurance Plans in Singapore 2025

Get the best HDB and private home insurance policies for your needs using MoneySmarts easy to use a comparison calculator Read More
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We found 42 Home Insurances for you!
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AIG Homes Essential (formerly EPHCI)

Annual Premium

S$75.76

MoneySmart Exclusive
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AIG Homes Essential (formerly EPHCI)

Building Coverage
Up to S$100,000
Household Contents and Renovations
S$150,000
Personal Liability within Singapore
S$400,000
Annual Premium
S$75.76

[SmartRewards | [MoneySmart Exclusive]
  
Choose between Cash up to S$250 via PayNow OR up to 4,480 SmartPoints with an eligible AIG Home Insurance purchased. T&Cs apply.
 
Use SmartPoints to redeem your favourite product from our Rewards Store today.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 21 May 2025 - See more details below
Apply Now
Apply Now
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MSIG Enhanced HomePlus - Standard

Annual Premium

S$96.79

20% OffS$120.99
MoneySmart Exclusive

MSIG Enhanced HomePlus - Standard

Building Coverage
Optional Add-on
Content Coverage
S$125,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$120.9920% Off
S$96.79

[FLASH SALE | Receive cash as fast as 30 days*]
 
• Enjoy 20% off your policy premium.
• Get up to S$45 via PayNow OR an Apple AirTag (worth S$46) with an eligible MSIG Enhanced HomePlus plan purchased.  T&Cs apply.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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Hong Leong Home Protect360 Silver

Annual Premium

S$226.70

15% OffS$266.71
MoneySmart Exclusive
All Risk Cover

Hong Leong Home Protect360 Silver

Building Coverage
NA
Household Contents
S$100,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$266.7115% Off
S$226.70

[MoneySmart Exclusive]
  
• Enjoy 15% off your policy premium.
• Get S$20 via PayNow when you purchase an eligible HL Assurance Home Protect360 Insurance plans with a min. spend of S$400. T&Cs apply.
   
PLUS, enjoy FREE 24 Hour Home Concierge Services for - Electrician, Locksmith, Plumber, Pest Control and Air-con Repair. T&Cs apply.
  
[HL ASSURANCE GIVEAWAY]
Snag S$50 NTUC FairPrice Vouchers with an eligible HL Assurance Home/Maid Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
More Details
FWD Home Insurance - HDB 4 Room

Annual Premium

S$49.13

20% OffS$61.42
MoneySmart Exclusive

FWD Home Insurance - HDB 4 Room

Building Coverage
S$82,000
Content Coverage
S$20,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$61.4220% Off
S$49.13

[Receive cash as fast as 30 days*]
    
• Enjoy 20% off your policy premium.
• Get S$10 via PayNow with any FWD Home Insurance plan purchased. T&Cs apply.
    
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.
   
[FWD Promotion]
PLUS, get an additional 15% discount and S$30 eCapita voucher from FWD with any 3-year plans purchased with min. premium of S$160. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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AIG Homes Advantage - Premier

Annual Premium

S$401.94

MoneySmart Exclusive
Free 24/7 Home Assistance for Everyday Emergencies

AIG Homes Advantage - Premier

Building Coverage
S$225,000
Household Contents
S$50,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$401.94

[SmartRewards | [MoneySmart Exclusive]
  
Choose between Cash up to S$250 via PayNow OR up to 4,480 SmartPoints with an eligible AIG Home Insurance purchased. T&Cs apply.
 
Use SmartPoints to redeem your favourite product from our Rewards Store today.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 21 May 2025 - See more details below
Apply Now
Apply Now
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Tiq Home Insurance - HDB 4 Room

Annual Premium (GST not included)

S$70.37

20% OffS$87.97
MoneySmart Exclusive
Home Insurance

Tiq Home Insurance - HDB 4 Room

Building Coverage
S$117,000
Household Contents
S$45,000
Worldwide Personal Liability
S$500,000
Annual Premium (GST not included)
S$87.9720% Off
S$70.37

[Receive cash as fast as 30 days*]
   
• Enjoy 20% off your policy premium and S$50 cashback from Tiq with 5 years plan purchased.
• Get S$10 via PayNow when you purchase an eligible Tiq Home Insurance plans with a min. spend of S$150. T&Cs apply.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.
 
[Tiq's SG60 Promotion]
• Purchase any qualifying policy and stand a chance to win Apple Airpods 4, up to S$80 eCapitaVoucher and S$20 TADA voucher from Tiq with eligible premiums spent. T&Cs apply.
• PLUS, enjoy 24-hour Emergency Home Assistance Services when you purchase Tiq Home Insurance plans with a Period of Insurance of 3 to 5 years!

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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Great Eastern GREAT Home Protect Superior

Annual Premium

S$114.45

30% OffS$163.51
MoneySmart Exclusive

Great Eastern GREAT Home Protect Superior

Building and Renovation Coverage
Up to S$50,000
Household Contents
Up to S$25,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$163.5130% Off
S$114.45

[Receive cash as fast as 30 days*]
  
• Enjoy up to 10% + 25% off your policy premium
• Get up to S$30 via PayNow with an eligible Great Eastern Home Protect plans purchased. T&Cs apply.
   
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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Singlife Home Lite

Annual Premium

S$64.96

20% OffS$81.21
Online Promo

Singlife Home Lite

Building Coverage
Optional Enhancement*
Content Coverage
S$35,000
Family Worldwide Personal Liability
S$500,000
Annual Premium
S$81.2120% Off
S$64.96
Online Promo:
Enjoy 20% off your policy premium.

Plus, enjoy up to 15% off on top of existing discounts when you insure for more than 1 year. T&Cs apply.
Valid until 31 May 2025 - See more details below
Apply Now
More Details
Allianz Home Protect - Silver

Annual Premium

S$68.67

30% OffS$98.10
Online Promo

Allianz Home Protect - Silver

Building Coverage
N/A
Content Coverage
S$40,000
Personal Liability
S$500,000
Annual Premium
S$98.1030% Off
S$68.67
Online Promo:
Enjoy 30% off with Allianz Home Protect Insurance plans!
Valid until 30 Jun 2025 - See more details below
Apply Now
More Details
MSIG HomeEasy - Silver (3-room or smaller HDB - Owner Occupied / Landlord)

Annual Premium

S$58.42

20% OffS$73.03
MoneySmart Exclusive
Includes Personal Cyber coverage

MSIG HomeEasy - Silver (3-room or smaller HDB - Owner Occupied / Landlord)

Building Coverage
N/A
Home Contents and Renovations
S$100,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$73.0320% Off
S$58.42

[GIVEAWAY] 
    
• Enjoy 20% off your policy premium.
• PLUS, score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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Hong Leong Home Protect360 - Gold

Annual Premium

S$396.70

15% OffS$466.71
MoneySmart Exclusive
All Risk Cover

Hong Leong Home Protect360 - Gold

Building Coverage
NA
Household Contents
S$200,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$466.7115% Off
S$396.70

[MoneySmart Exclusive]
  
• Enjoy 15% off your policy premium.
• Get S$20 via PayNow when you purchase an eligible HL Assurance Home Protect360 Insurance plans with a min. spend of S$400. T&Cs apply.
   
PLUS, enjoy FREE 24 Hour Home Concierge Services for - Electrician, Locksmith, Plumber, Pest Control and Air-con Repair. T&Cs apply.
  
[HL ASSURANCE GIVEAWAY]
Snag S$50 NTUC FairPrice Vouchers with an eligible HL Assurance Home/Maid Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
More Details
Income Enhanced Home Insurance - Condominium

Annual Premium as low as* (based on 100 sqm condo)

S$296.55

Online Promo

Income Enhanced Home Insurance - Condominium

Building Coverage
From S$430,000
Home Contents and Renovation Coverage
From S$110,000
Family Worldwide Personal Liability
S$500,000
Annual Premium as low as* (based on 100 sqm condo)
S$296.55
Online Promo:
Enjoy 30% off + 55,000STAR$* (*55,000STAR$ only applicable to premium above $550) with 3-year Enhanced Home Insurance plan. Ts&Cs apply.
Valid until 31 Dec 2025 - See more details below
Apply Now
More Details
AIG Homes Essential - 5 Room (formerly EPHCI)

Annual Premium

S$75.76

MoneySmart Exclusive

AIG Homes Essential - 5 Room (formerly EPHCI)

Building Coverage
S$76,000
Household Contents and Renovations
S$150,000
Personal Liability within Singapore
S$400,000
Annual Premium
S$75.76

[SmartRewards | [MoneySmart Exclusive]
  
Choose between Cash up to S$250 via PayNow OR up to 4,480 SmartPoints with an eligible AIG Home Insurance purchased. T&Cs apply.
 
Use SmartPoints to redeem your favourite product from our Rewards Store today.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 21 May 2025 - See more details below
Apply Now
Apply Now
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More Details
Hong Leong Home Protect360 Platinum

Annual Premium

S$555.39

15% OffS$653.40
MoneySmart Exclusive
All Risk Cover

Hong Leong Home Protect360 Platinum

Building Coverage
NA
Household Contents
S$300,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$653.4015% Off
S$555.39

[MoneySmart Exclusive]
  
• Enjoy 15% off your policy premium.
• Get S$20 via PayNow when you purchase an eligible HL Assurance Home Protect360 Insurance plans with a min. spend of S$400. T&Cs apply.
   
PLUS, enjoy FREE 24 Hour Home Concierge Services for - Electrician, Locksmith, Plumber, Pest Control and Air-con Repair. T&Cs apply.
  
[HL ASSURANCE GIVEAWAY]
Snag S$50 NTUC FairPrice Vouchers with an eligible HL Assurance Home/Maid Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
More Details
Tiq Home Insurance - HDB 3 Room

Annual Premium (GST not included)

S$61.22

20% OffS$76.53
MoneySmart Exclusive
Home Insurance

Tiq Home Insurance - HDB 3 Room

Building Coverage
S$83,300
Household Contents
S$35,000
Worldwide Personal Liability
S$500,000
Annual Premium (GST not included)
S$76.5320% Off
S$61.22

[Receive cash as fast as 30 days*]
   
• Enjoy 20% off your policy premium and S$50 cashback from Tiq with 5 years plan purchased.
• Get S$10 via PayNow when you purchase an eligible Tiq Home Insurance plans with a min. spend of S$150. T&Cs apply.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.
 
[Tiq's SG60 Promotion]
• Purchase any qualifying policy and stand a chance to win Apple Airpods 4, up to S$80 eCapitaVoucher and S$20 TADA voucher from Tiq with eligible premiums spent. T&Cs apply.
• PLUS, enjoy 24-hour Emergency Home Assistance Services when you purchase Tiq Home Insurance plans with a Period of Insurance of 3 to 5 years!

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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FWD Home Insurance - Condominium 3 Bedroom

Annual Premium

S$104.15

20% OffS$130.19
MoneySmart Exclusive

FWD Home Insurance - Condominium 3 Bedroom

Building Coverage
NA
Content Coverage
S$60,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$130.1920% Off
S$104.15

[Receive cash as fast as 30 days*]
    
• Enjoy 20% off your policy premium.
• Get S$10 via PayNow with any FWD Home Insurance plan purchased. T&Cs apply.
    
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.
   
[FWD Promotion]
PLUS, get an additional 15% discount and S$30 eCapita voucher from FWD with any 3-year plans purchased with min. premium of S$160. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
More Details
MSIG Enhanced HomePlus - Superior

Annual Premium

S$143.88

20% OffS$179.85
MoneySmart Exclusive

MSIG Enhanced HomePlus - Superior

Building Coverage
Optional Add-on
Content Coverage
S$195,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$179.8520% Off
S$143.88

[FLASH SALE | Receive cash as fast as 30 days*]
 
• Enjoy 20% off your policy premium.
• Get up to S$45 via PayNow OR an Apple AirTag (worth S$46) with an eligible MSIG Enhanced HomePlus plan purchased.  T&Cs apply.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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More Details
Singlife Home Standard

Annual Premium

S$111.30

20% OffS$139.13
MoneySmart Exclusive

Singlife Home Standard

Building Coverage
Optional Enhancement*
Content Coverage
S$50,000
Family Worldwide Personal Liability
S$500,000
Annual Premium
S$139.1320% Off
S$111.30

[Receive cash as fast as 30 days*]
  
• Enjoy 20% off your policy premium.
• Plus, enjoy up to 15% off on top of existing discounts when you insure for more than 1 year.
• Get up to S$20 via PayNow with an eligible Singlife Home Insurance plan purchased. T&Cs apply.
  
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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More Details
FWD Home Insurance - HDB 3 Room

Annual Premium

S$48.92

20% OffS$61.16
MoneySmart Exclusive

FWD Home Insurance - HDB 3 Room

Building Coverage
S$60,400
Content Coverage
S$20,000
Worldwide Personal Liability
S$500,000
Annual Premium
S$61.1620% Off
S$48.92

[Receive cash as fast as 30 days*]
    
• Enjoy 20% off your policy premium.
• Get S$10 via PayNow with any FWD Home Insurance plan purchased. T&Cs apply.
    
[GIVEAWAY]
Score a MOVA Robot Vacuum Cleaner Z50 Ultra (worth S$3,889) with an eligible Home Insurance purchased. T&Cs apply.
   
[FWD Promotion]
PLUS, get an additional 15% discount and S$30 eCapita voucher from FWD with any 3-year plans purchased with min. premium of S$160. T&Cs apply.

Valid until 31 May 2025 - See more details below
Apply Now
Apply Now
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More Details
Allianz Home Protect - Gold

Annual Premium

S$107.58

30% OffS$153.69
Online Promo

Allianz Home Protect - Gold

Building Coverage
N/A
Content Coverage
S$50,000
Personal Liability
S$750,000
Annual Premium
S$153.6930% Off
S$107.58
Online Promo:
Enjoy 30% off with Allianz Home Protect Insurance plans!
Valid until 30 Jun 2025 - See more details below
Apply Now
More Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Home Insurance in Singapore: What Coverages Should I Look Out For?

Not to be confused with HDB Fire Insurance, there are actually a lot of coverage and benefits you can look out for to make the most out of your premiums.

Insured Peril vs All-Risk

A named peril insurance policy covers only what is specifically noted in the policy (e.g. fire), whereas an all-risk policy covers everything except what is specifically excluded in the policy (e.g. war is typically an excluded risk). An all-risk policy has a much wider coverage but is usually more costly than an insured peril policy.

Building, Fixtures and Fittings (and Renovation)

This is what most people know as Fire Insurance, and it is usually compulsory if you take a home loan to purchase a property in Singapore. This is coverage for rebuilding the building structure as well as any fixture and fittings which comprise part of the building. A point to note - the current HDB mandatory Fire Insurance is provided by Etiqa insurance and it doesn't cover renovations.

Home Content

A typical compulsory Fire Insurance doesn't cover the contents of your home. As the name suggests, content coverage insures against loss or damage to household items belonging to you, your family or your domestic helpers which you are responsible for. However, it has some exclusions like securities, certificates and pets!

Personal Liability

Apart from covering the building structure and contents, home insurance also provides coverage for situations in which you might be legally held responsible for. For instance, if a visitor trips over a carpet while walking in your home, you might be held responsible for the accident as an owner.

Personal liability coverage is especially important for renters, as you might be responsible as a tenant if, for example, you break a vase that belongs to your landlord. That's why buying home insurance for renters not only protects your personal belongings but also shields you from potential legal liabilities.

Alternative Accommodation

If your home is uninhabitable due to a major incident, this coverage helps you ease the financial burden of a temporary accommodation. This coverage typically has a daily benefit limit and covers you up to a certain number of days.

Personal effects, loss of money and valuables

Low crime doesn't mean no crime. Even though house break-ins are on the decline, one can never be too sure. This coverage insures physical money, valuables and personal belongings against theft and forceful entry. Bear in mind there is always a benefit limit to each category (e.g. loss of money capped at $500)

Home Insurance vs Home Contents Insurance: What's The Difference?

Confused between these two? We've summarised the 5 main key differences between home insurance and home contents.

Home Insurance

  • Covers the physical structure of the house (walls, roofs, etc.)
  • Structural damage from fire, natural disasters, vandalism
  • Includes built-in fixtures and sometimes appliances
  • Essential for homeowners
  • Secures the physical building and its integral components

Home Contents Insurance

  • Covers personal belongings inside the home (furniture, electronics, etc.)
  • Theft, loss, or damage of personal items
  • Includes movable items like clothing, jewelry, electronics
  • Not typically required by mortgage lenders, but highly recommended for renters and homeowners alike
  • Safeguards personal and valuable items within the home

Making a Home Insurance Claim

The process for specific types of claims may differ between insurers. However, policies offered by popular insurers such as AXA or MSIG generally have similar Home Insurance Claims procedures. Here are some things that you should take note of when making an insurance claim.

Fact #1

Do not wait too long

Most insurers will require you to make the claim within 30 days of the occurrence. Given that it will take some time to process your claim, you would want to submit your claims form as soon as possible.

Fact #2

Keep originals of everything

1) Police report / investigation results and incident report for Theft 2) Assessment report from repairer on the cause and extent of the damaged property for building claims 3) Invoices / purchase receipts of lost or damaged property 4) Photographs of damage for content claims 5) Letters, writ of summons from third party for liability claims

Fact #3

Don't pester the loss adjuster

Insurers usually hire loss adjusters to assess the damages; so it is important that you cooperate and assist them.

Singapore Home Insurance Tips

Here are some Home Insurance tips that can help you select a great policy and give you peace of mind when purchasing your dream home in Singapore!

Tip #1

Buy the coverage you need! Apart from the standard packages, there are customized ones as well. Most of us would already have the compulsory fire insurance which provides coverage for the building, thus it might make sense to look out for a customized home insurance plan which allows you to skew your coverage (and premiums!) towards insuring your home content and renovations.

Tip #2

Did you know that some insurers allow for a discount when you sign up for a longer duration plan? Etiqa provides a discount when you sign up for a 5-year period.

Tip #3

Don't underinsure when it comes to home insurance! Unlike life insurance, home insurance protects assets that have a paper value, and insurance companies expect your coverage to match the value of your properties. If your policy's coverage is significantly lower than what is actually covered, insurance companies can penalize you in form of reduced reimbursement when you file a claim.

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Frequently Asked Questions

What is the difference between HDB Fire, Mortgage and Home Insurance?

1) HDB Fire Insurance is a compulsory home insurance policy which only insures the internal building structure, fixtures and fittings. 2) Mortgage insurance is a policy which insures the mortgage (home loan) in event of death of the breadwinner - It provides the surviving spouse with peace of mind, knowing the mortgage will be fully paid up. 3) Home Insurance provides coverage for the building, fixtures, fittings as well as renovations and your household content. Hence, its a good idea to pair the compulsory HDB Fire Insurance with a HDB home insurance plan so that there's comprehensive coverage for your home

How much building and content coverage would I need?

To prevent under insurance, we would have to know how to access how much coverage is necessary. For building, the coverage needed should be the total cost to rebuild or reinstate the property plus the professional fees and removal of debris. As for household contents, the replacement value or worth at the time of the inception of the policy may be taken as the coverage needed.

Can I purchase home insurance if I am going to rent out my home?

Yes, but it’s worth noting that certain risks such as malicious or deliberate damage by tenants are not covered under the policy. Alternatively, some insurers have landlord home insurance policies catered for this need.

Will I ever need to change my home insurance coverage?

You should review your coverage at least once a year or whenever there’s a significant change in your home or its contents. For example, if you’ve just built your dream walk-in wardrobe or if you’ve just kitted out your living room with a home theatre system, you should probably consider reviewing your current policy to ensure your existing tier of coverage is enough to cover the cost of replacing some of your new big-ticket items.

How do I compare home insurance policies?

With so many home insurance plans out there in the market, choosing the right plan can be a challenge. We recommend that you first determine the kinds of coverage that are relevant to you. Then, estimate the adequate amount of coverage you need, while making sure you are not under-insuring your property. We reiterate this point because under-insurance can cost you a lot. For example, if you purchase a S$20,000 coverage on a S$40,000 home, your insurance company will determine that your property is under-insured by 50%. In this case, you will get paid only S$2,000 even if you file for a claim for a loss of S$4,000, because you will be responsible for the remaining portion (50%) of the claim. Finally, we recommend that you single out policies that delivers high value, suits your situation, and offers high sub-limits on items that are important to you. Compare Home Insurance Plans on MoneySmart to find the one with the best price and coverage level for you!

What is a home insurance deductible?

A home insurance deductible is the amount you pay out-of-pocket for a claim before your insurance policy takes effect. It impacts your premium amount and potential claim payout. Higher deductibles lower premiums but increase out-of-pocket costs, while lower deductibles raise premiums but decrease out-of-pocket expenses.