Home Insurance

Best home insurance for 2024. Compare and buy insurance made easier.

MSIG HomePlus Insurance

Full-fledged premium plan with ambitious features and reasonable total sum insured per dollar of cost.


MSIG HomePlus Insurance


Pros

  • Market-leading coverage & benefits - comprehensive benefits across all plans
  • Pet-friendly benefits - great for households with pets
  • Offers rare benefits like hospitalization allowance and home security system coverage even in the basic tier of plan
  • Offers coverage for homeowner, landlord and tenant

Cons

  • Claims excess applies to certain insured perils
  • Under Pet cover, a Pet is defined as dog and cat only
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Tiq Home Insurance

Affordable premiums for the average consumer looking for basic coverage. TIQ Home Insurance allows customisation to suit individual needs too!


Tiq Home Insurance


Pros

  • Market-beating coverage which allows customisation
  • Offers emergency cash allowance of up to S$5,000 within 24 hours of certain events
  • Offers coverage for homeowner, landlord and tenant

Cons

  • 24-hour emergency home assistance (only applicable to plans with a Period of Insurance of 3 - 5 years)
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Singlife Home Insurance Policy

Low priced home insurance plans for the budget conscious folks. Price starting from less than S$60!


Singlife Home Insurance Policy


Pros

  • First loss basis for Household Contents and Renovations
  • Lite plan is one of the cheapest Home Insurance plans on the market
  • Home Lite offers no frills coverage for low pricing
  • Offers coverage for homeowner, landlord and tenant

Cons

  • Claims excess applies to certain insured perils
  • Not much to offer for convenience benefits (replacement locks and frozen food protection). All these are under optional covers at additional cost
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FWD Home Insurance

FWD's low prices and generous benefits means you will be getting one of the top deals on the market.


FWD Home Insurance


Pros

  • High value across all plans
  • Great customisation options
  • Pet-friendly benefits - great for households with pets
  • Offers coverage for homeowner, landlord and tenant

Cons

  • Lower sublimits on coverage may not appeal to high-networth individuals
  • Under Pet cover, a Pet is defined as dog and cat only
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Great Eastern Great Home Protect

Great Eastern's flexible coverage, generous benefits and attractive prices makes it a solid choice for those looking for comprehensive home insurance coverage.


Great Eastern Great Home Protect


Pros

  • Choose between Starter, Essential, and Ultimate plans
  • First loss basis for Household Contents and Renovations

Cons

  • Plethora of miscellaneous benefits may not appeal to those who need simple coverage
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Home Insurance
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Fire, Home & Mortgage Loan Insurance: 3 Ways to Help Protect Your First Home in Singapore

by ValueChampion Editorial Team on May 14, 2024

Now that you have figured out how to finance and buy your first home, let’s explore what insurance plans you can use to protect it.

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