Home Content Insurance

1. What does home and content insurance cover?
Home and content insurance covers damage to your property and belongings due to events like fire, theft, water damage, and natural disasters. It typically includes structural damage to the building as well as protection for personal items like furniture, electronics, and valuable items within the home.

2. Why is Home and Content Insurance becoming more essential these days?
Home and Content Insurance is increasingly important as homes contain more valuable belongings and are at risk from various hazards. With incidents like fires on the rise, comprehensive coverage for your home and valuables is crucial. 

In Singapore alone, over 1,000 residential fire incidents were reported in 2022, according to the Singapore Civil Defence Force (SCDF). Home and content insurance ensures that if an unexpected event like a fire, theft, or natural disaster damages your home or belongings, you’re financially protected and can recover with peace of mind.

3. Is home and content insurance necessary if I already have fire insurance?
Yes, fire insurance only covers damage to the structure due to fire, and often doesn’t include personal belongings or other types of damage. Home and content insurance provides comprehensive coverage, protecting your possessions from various risks, including theft, flooding, and accidental damage.

4. How much home and content insurance coverage do I need?
The amount of coverage depends on the value of your home and belongings. A good rule of thumb is to assess the cost to rebuild your home and replace essential items in case of a total loss.