Home Insurance

Everything You Need To Know About HDB Fire Insurance in S'pore

HDB Fire Insurance is a mandatory plan that HDB homeowners need to get; but is the coverage really enough? What exactly is HDB fire insurance’s coverage and where is it lacking? And what other options are available?

You may have heard of instances of fire breaking out in houses, shops, buildings etc in the newspapers, media channels, or even from your family and friends. Just recently, a fire had robbed a family of a precious family member living in Bedok as well as the livelihoods of many at Telok Blangah.

Fire accidents are sudden and destructive; They could easily destroy buildings, and their contents, and could easily bring your life to a halt. This is why it is prudent to buy insurance to protect your home in the event of unforeseen circumstances.

The Housing & Development Board (HDB) has made it mandatory for those who live in public housing to purchase the HDB Fire Insurance Scheme. This may ring a bell to current HDB owners or those who are currently sourcing for an HDB flat.

But what exactly is this HDB Fire Insurance Scheme? What does it cover and what does it entail? Read on to find out everything you should know about the HDB Fire Insurance, and whether it’s enough for your needs.

The HDB Fire Insurance Scheme

The current appointed insurer of the HDB Fire Insurance Scheme is FWD Singapore Pte. Ltd and the insurance is valid for a period of 5 years, with the renewal done every 5 years.

Till 15 August 2024, the 5 year premiums (inclusive of 7% GST) are as follows:

Flat Type5-Year PremiumSum Insured
2-room/ 2-room Flexi$2.71$48,700
4-room/ S1$5.94$82,000
5-room/ S2/ 3-Generation$7.13$97,300
Executive/ Multi-Generation$8.10$106,200
Studio Apartment (Type A/ B)$2.71$48,700

Purchase & Renewal

Every HDB flat purchase from HDB requires a mandatory fire insurance purchase from the appointed insurer. You would most likely have made the purchase when signing up for your HDB loan. What you need to take of, however, is the renewal of the HDB fire insurance after expiry.

Fortunately, the renewal can be done online via FWD’s website. Alternatively, you could do it through any AXS kiosk or simply book an appointment and meet up with an FWD representative at their office.

Basic Coverage

HDB Fire Insurance Scheme only provides coverage for the bare minimum.

Coverage (HDB Fire Insurance Scheme)
Reinstating damaged internal structures, fixtures such as pipes and electrical wiring
Areas built and provided by HDB

Simply put, if it was not there when you first picked up the keys to your new HDB flat, then it is not insured by the HDB Fire Insurance Scheme.

This means that in the event of a fire, you would not need to pay to fix the damages on the walls, electrical wiring and water pipes, but will have to pay out of your pocket for the renovation and purchase of furniture to reinstate your flat back to its original condition, which could add up as a hefty sum.

In Need of More Coverage?

Depending on the damage to your house after the breakout of a fire, the fire damage restoration costs could vary.

House after fire
Source: The Straits Times

However, it is highly likely that the sum insured from the HDB Fire Insurance Scheme is insufficient to cover the fire damage restoration cost. This would mean that in the event of a fire, you would need to pay out of your own pocket.

Many of you might be wondering: In that case, are there any available options so that I would not need to pay out of my own pocket?

Fortunately, there are other insurance products available in the market to supplement your HDB Fire Insurance Scheme for added coverage.

Read Also: Best Home Insurance in Singapore 2022

Home Insurance

Home insurance is meant to supplement your existing fire insurance. It covers damages to your flat caused by common disasters such as fire, water pipe damages as well as theft.

In comparison to the HDB Fire Insurance Scheme, the scope of coverage that Home Insurance provides is much wider.

CoverageHDB Fire InsuranceHome Insurance
Structural DamageYesYes
Electrical Wiring + Water Pipe DamageYesYes
Personal AccidentsNoYes
Home ContentsNoYes
Alternative AccommodationNoYes

In addition, you are the beneficiary of the insurance scheme instead of the bank, even if you are still repaying your home loan with the bank.

There are two types of Home Insurance available

  • Insured Perils: This covers you for specific events or mishaps such as fires, floods, and thefts.
  • All-Risks: This covers a broader range of situations, making it typically more expensive.


Home Insurances by different insurers could offer different coverages as unique selling points to differentiate themselves from other insurance companies. The type of Home Insurance also affects the type of coverage available.

However, there are some areas that most if not all Home Insurance covers:

CoverageScope of Coverage
RenovationsHome Insurance can cover renovations that you have done, together with the fixtures and fittings that you have installed
Home ContentsThis includes household items and appliances such as washing machines, fridges, television etc
Personal LiabilityThis provides you with coverage in the event you become legally liable for a mishap that happens at your home. For example, if a fire starts at your house and spreads to your neighbour
Alternative AccommodationIn the scenario where your house is inhabitable, Home Insurance gives you a daily payout to find alternative accommodation, capped at a specific number of days
Personal AccidentsThis covers for medical expenses or a payout in the unfortunate event of death or disability, and is also applicable to your domestic helper
Personal Items: Valuables & MoneyThis offers coverage for your money, valuables and other personal belongings. There is a claim cap for each item type
PetsCould be an add-on. This covers only specific breeds of pets, usually dogs and cats. Dependent on insurer

Possible Factors for Consideration

To decide on the best possible home insurance plan for yourself, you would first need to understand your needs to ensure that you do not over-insure or under-insure yourself. Some questions you could ask yourself to determine your needs include:

1. How much would your renovation cost if your whole house were to be affected?

This amount is largely dependent on the size of your house. If the renovation of your house is minimalistic, you could make do with lower coverage. On the other hand, if the renovation of your house is lavish and extravagant, you might want to consider plans with a higher insured sum. You could use the costs of your previous renovations as a rough gauge. Else, you could refer here for an estimate.

2. What is the value of your home contents?

You could come up with a rough estimate of the value of the items at home, such as furniture and other valuable items, and decide on the amount of coverage that you need. Here is an estimate for you.

3. Is the plan able to meet your needs?

Different people place emphasis on different things that are important to them. Some may be more concerned over their pets while some could be more concerned about securing sufficient hospital allowances in case their loved ones got hurt.

In this case, you might want to source for a plan that offers the best coverage in the areas that you are more concerned with to best suit your needs.

These three questions serve as a rough guide for you to understand your needs. For a more comprehensive guide and evaluation, you may check out here for a better assessment.


Listed below are some recommendations we have identified that could potentially suit your needs.

Best Value Home Insurance for HDB Flats: FWD, Etiqa, Aviva

FWD Home Insurance

Consider this if you want affordable coverage for everything from pet coverage to home assistance
  • Third Party Liability Coverage
    • S$500,000
    • Insured Accident Coverage
      • S$20,000 (for add'tl fee)
      • Sub-limit for Valuables
        • No sublimit for furniture, domestic appliances and home audio visual equipment. A sublimit of S$1,000 applies to all other home contents.
        3-RoomMkt Avg.4-RoomMkt Avg.5-RoomMkt Avg.
        Annual PremiumS$55.73S$93.00S$86.72S$160.00S$123.59S$226.00
        Value Ratio2,1931,3152,3061,3642,0231,423
        Renovation CoverageS$40,000S$64,928S$60,000S$122,222S$80,000S$181,000
        Contents CoverageS$20,000S$31,203S$40,000S$53,561S$60,000S$80,280
        Prices seen are after any prevailing promotions and include GST

        FWD's home insurance offers one of the highest value plans on the market. Not only will you get one of the lowest premiums on the market, but you'll also end up with comprehensive and unique coverage. This includes alternative accommodation, home assistance, theft or damage to temporarily displaced items and optional covers for your pets and personal accidents. However, it does have low item sub-limits, so those who are looking to protect very expensive valuables (valued over S$1,000) can fare better with other plans featured on this page.

        Etiqa Home Insurance

        Consider this if you want a great value plan for your HDB flat
        • Third Party Liability Coverage
          • S$500,000 - S$1,000,000
          • Insured Accident Coverage
            • S$50,000 for homeowners & landlords (for add'tl fee)
            • Sub-limit for Valuables
              • 30% of Contents Coverage
              3-RoomMkt Avg.4-RoomMkt Avg.5-RoomMkt Avg.
              Annual PremiumS$69.16S$93.00S$79.42S$160.00S$99.03S$226.00
              Value Ratio1,3051,3151,3841,3641,6581,423
              Renovation CoverageS$60,000S$64,928S$80,000S$122,222S$140,000S$181,000
              Contents CoverageS$35,000S$31,203S$45,000S$53,561S$90,000S$80,280
              Price after GST and including 15% off

              Etiqa's Tiq Home Insurance offers competitive premiums coupled with essential benefits for HDB owners. While its 1-year plans already cost 35% below average, its 5 year plan will save you an additional 15%. For 3 and 5-year plans, Tiq also offers S$800 of emergency home assistance coverage for locksmith, plumbing, electrical and pest control services — the highest on the market.

              Etiqa's home insurance also offers S$5,000 of emergency cash services that can be deposited into your e-wallet in as soon as one business day to help you out in the event of a fire. These benefits can greatly add to your peace of mind, making Tiq Home Insurance both a reliable and budget-friendly home contents coverage option for no-frills homeowners.

              Singlife With Aviva Home Insurance

              Consider this if you want a high value plan that has generous contents and renovation coverage
              • Third Party Liability Coverage
                • S$250,000
                • Insured Accident Coverage
                  • N/A
                  • Sub-limit for Valuables
                    • 30% of Contents Coverage
                    Home Lite (3-4 Room)Mkt Avg.Home (4-Room)Mkt Avg.Home Plus (5-Room)Mkt Avg.
                    Annual PremiumS$55.50S$160.00S$94.00S$160.00S$169.00S$226.00
                    Value Ratio1,9821,3641,5961,3641,1831,423
                    Renovation CoverageS$75,000S$122,222S$100,000S$122,222S$100,000S$181,000
                    Contents CoverageS$35,000S$53,561S$50,000S$53,561S$100,000S$80,280

                    Singlife with Aviva's home insurance products easily represent one of the best value options for HDB owner-residents. This is due to its combination of low price and high coverage for both renovation and contents. However, Aviva does have one flaw: unlike other value options listed here, Aviva's home insurance policies don't automatically cover things like lock replacement and freezer food. To insure such items, you have to pay an additional fee of at least S$15 per item. If you care less about these incidentals and more about covering expensive furnitures and renovation works, Aviva could be a great choice.


                    It is said that ‘Home is where the heart is’. Nothing is warmer than our homes; Our family, memories and precious possessions are all here. Purchasing the right insurance for your property is just as important as choosing the perfect set of furniture or the right flat for you when settling into your new home.

                    Start searching for the right home insurance to protect you and your family from any unforeseeable accidents now.

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                    Tan Boon Hun

                    Boon Hun spent over five years in the content marketing space as the managing editor of Goody Feed creating interesting and relevant content for the social media generation. In 2022, he moved to the FinTech space while remaining true to his roots, intending to bring financial literacy to more people in Singapore. When not doing his work, he can be found watching people build homes on YouTube.