Product Information

Feature

SUITABLE FOR ANY TYPE OF RESIDENTIAL PROPERTY
Suitable for HDB or Private Apartments, Condominiums and Landed Properties.
BUILDING, RENOVATIONS, FIXTURES AND FITTINGS
Covers against loss or damage to the building structure, renovations, fixtures and fittings of the insured dwelling.
CONTENTS COVER
Covers household items, furniture, personal effects and valuables belonging to you and your family members.
THIRD PARTY LIABILITY
Covers up to $750,000.

24-HOUR EMERGENCY HOME ASSISTANCE
$100 per event, up to 4 times per year for: • Locksmith assistance • Plumbing assistance • Electrical assistance • Air-conditioning engineer assistance • Pest Control services
FREE EXTENSION COVERAGE
Up to 25 extensions, covering you against: • Cost of replacement of locks and keys following a break-in • Loss or damage to laptops and mobile devices due to insured perils or accidents And more!

For full coverage info: HomeBliss Policy Wording

Coverage

For Homeowners - Solution A

Basic Cover	Cosy	Serene	Luxury
1. Building, Renovations, Fixtures and Fittings	$80,000	$120,000	$200,000
2. Contents	$20,000	$40,000	$60,000
3. Worldwide Family Personal Liability	$750,000
4. Personal Accident within Insured Dwelling - Death and Permanent Disablement
• For Insured and Spouse	$20,000 each
• For Unlimited Number of Children	$5,000 each
- Hospital Allowance for Insured and Spouse	$250 each
5. 24-hour Emergency Home Assistance Service
For Locksmith, Plumbing, Electrical, Air Conditioning Engineer & Pest Control services	Up to $100 reimbursement per event, 4 times per year
6. Pet Dog Cover	$500
Up to 25 extensions, covering you such as: • Cost of replacement of locks and keys following a break-in • Loss or damage to laptops and mobile devices due to insured perils or accidents And more! (Click here to view full list of benefits)
Annual Premium (Inclusive of GST)
Standard	$96.30	$165.85	$249.31
Enhanced	$119.84	$212.93	$319.93

Optional Cover Premium (Inclusive of GST)

Benefits	Premium
Top up of Worldwide Family Personal Liability to $1 Million	$32.10
Rent Protector	$80.25
Valuables^* under Contents	Rates and Excess subjected to underwriting. Proof of purchase/ receipt/ valuation to be furnished for articles exceeding S$2,500.
Worldwide Personal Effects^** • Unspecified Articles (Maximum of $10,000, Limit of $1,000 per article) • Specified Articles

^*Valuables
Jewellery, watches, antiques, paintings, furs, works of art, curios, stamps or coin collections, items of gold, silver, platinum or other precious metals and other collectible property. Total Value should not exceed 1/3 of Contents Sum Insured.

^**Personal Effects
Articles of personal use designed specifically to be worn or carried on the person such as clothing, jewellery, watches & camera equipment but excluding money, mobile phones, any portable devices such as laptops and digital tablets, pedal cycles, PAB, PMA, PMD, and/or any mechanically propelled vehicles/devices, aerial devices/drones and any items which are used in connection with any business profession or employment. Any item that is insured under a separate policy is also excluded. Total Value should not exceed 50% of Contents Sum Insured.

For Tenant and Landlord solutions, please refer to our HomeBliss brochure

Premium

For Homeowners (Solution A)			Premium (inclusive of GST)
Plan Type	Building, Renovations, Fixtures & Fittings	Contents	Standard (Insured Perils)	Enhanced (All Risks)
Cosy	$80,000	$20,000	$96.30	$119.84
Serene	$120,000	$40,000	$165.85	$212.93
Luxury	$200,000	$60,000	$249.31	$319.93
Top Up
Building, Renovations, Fixtures & Fittings			$0.428 per $1,000 Sum Insured	$0.642 per $1,000 Sum Insured
Contents			$2.675 per $1,000 Sum Insured	$3.745 per $1,000 Sum Insured

For Tenant and Landlord (Solution B and C)			Premium (inclusive of GST)
Plan Type	Building, Renovations, Fixtures & Fittings	Contents	Standard (Insured Perils)	Enhanced (All Risks)
Tenant (Solution B)	N.A.	Flexible	$2.675 per $1,000 Sum Insured	$3.745 per $1,000 Sum Insured
Landlord (Solution C)	Flexible	N.A.	$0.428 per $1,000 Sum Insured	$0.642 per $1,000 Sum Insured

Minimum premium of $107 (incl. of GST)

Optional Cover	(Premium inclusive of GST)
Top up of Worldwide Family Personal Liability to $1 M	$32.10
Rent Protector	$80.25
Valuables^* exceeding $2,500 under Contents Cover	Rates and Excess subjected to underwriting. Proof of purchase/ receipt/ valuation to be furnished for articles exceeding S$2,500.
Worldwide Personal Effects (Unspecified Articles) (Maximum of $10,000, Limit of $1,000 per article)
Worldwide Personal Effects^** (Specified Articles)

^{^} Please submit duly completed and signed application form with proof of purchase/receipt/valuation report to [email protected] for further underwriting.

^* Valuables
Jewellery, watches, antiques, paintings, furs, works of art, curios, stamps or coin collections, items of gold, silver, platinum or other precious metals and other collectible property. Total Value should not exceed 1/3 of Contents Sum Insured.

^** Personal Effects
Articles of personal use designed specifically to be worn or carried on the person such as clothing, jewellery, watches & camera equipment but excluding money, mobile phones, any portable devices such as laptops and digital tablets, pedal cycles, PAB, PMA, PMD, and/or any mechanically propelled vehicles/devices, aerial devices/drones and any items which are used in connection with any business profession or employment. Any item that is insured under a separate policy is also excluded. Total Value should not exceed 50% of Contents Sum Insured.

Eligibility

Property to be insured	The house/ apartment must be constructed with brick, stone or concrete, its roof is laid with concrete slate or tiles and/or other incombustible materials.
Usage of the property to be insured	The house/ apartment must be for residential use only. It should not be used to conduct business e.g. childcare centre, tuition centre, private dining business etc. You should know that any equipment and/or monies associated with your occupation and/or business are excluded from HomeBliss cover, regardless if these are from a home-based business at the property to be insured.
Location of the Property to be insured	The house/ apartment must be located within the territories of Singapore.
Insurable interest	You should either be: An owner or a co-owner of the property to be insured (as homeowner or landlord), or A tenant who is renting the entire property that is to be insured and is residing in it.

Frequently Asked Questions

Do I need home insurance?

Your home is one of the cosiest places where your heart lies, your memories create and, you and your family feel safe. While your apartment or house is your safe haven, it will need protection too.

If your apartment or house is damaged by an unforeseen event such as fire or water pipe bursts, a home insurance would be your financial shield against repair or replacement cost. Other than covering the building structure, home insurance such as HomeBliss also covers the improvements and additions (e.g. renovations) you made to your apartment or house, your household contents and personal effects.

I already have a HDB Fire insurance. Why should I buy a home insurance like HomeBliss?

The HDB Fire Insurance Scheme was introduced to help relieve flat owners of the financial burden of repair work in the unfortunate event of a fire. The HDB fire insurance covers the cost of reinstating damaged internal structures, fixtures, as well as areas built and provided by HDB. It does not include home contents such as furniture, renovations and personal belongings.¹

Buying home insurance such as HomeBliss, improvements and additions to your HDB apartment would be covered along with your furniture and household contents. The other benefits² you get to enjoy include 24-hour Emergency Home Assistance such as plumbing assistance, replacement of laptops or mobile devices if these are damaged due to an insured peril, your legal liabilities to third parties that may arise due to an insured peril – just to name a few.
¹Source: https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/fire-insurance
²Please refer to HomeBliss policy wordings.

I stayed in a condominium and I thought it has a fire policy in place. Why should I buy a home insurance like HomeBliss?

If you reside in a condominium or an apartment registered as a Management Corporation Strata Title (MCST) property, it is the legal responsibility of your Management Committee (MC) to insure the entire property for fire damage. If the property is damaged, the MC will make a claim on the insurance policy and use the claim amount to reinstate the property.

The MCST fire insurance policy may not cover the homeowners’ improvements and/or renovations made to their individual properties. Homeowners are encouraged to check the coverage of their MCST’s fire insurance policy and arrange for additional or separate fire insurance to cover improvements and/or renovations made.¹

Buying home insurance such as HomeBliss, improvements and additions to your apartment would be covered along with your furniture and household contents. The other benefits² you get to enjoy include 24-hour Emergency Home Assistance such as plumbing assistance, replacement of laptops or mobile devices if these are damaged due to an insured peril, your legal liabilities to third parties that may arise due to an insured peril – just to name a few.
¹Source: https://gia.org.sg/help-support/property-insurance/101-mortgagee-interest-policy/421-what-is-the-difference-between-mip-and-mcst-fire-insurance.html
²Please refer to HomeBliss policy wordings.

I am interested to buy HomeBliss? Are there any criteria?

Here’s a simple checklist:

Property to be insured	The house/ apartment must be constructed with brick, stone or concrete, its roof is laid with concrete slate or tiles and/or other incombustible materials.
Usage of the property to be insured	The house/ apartment must be for residential use only. It should not be used to conduct business e.g. childcare centre, tuition centre, private dining business etc. Do note that any equipment and/or monies associated with your occupation and/or business are excluded from HomeBliss cover, regardless if these are from a home-based business at the property to be insured.
Location of the Property to be insured	The house/ apartment must be located within the territories of Singapore.
Insurable interest	You should either be: An owner or a co-owner of the property to be insured (as homeowner or landlord), or A tenant who is renting the entire property that is to be insured and is residing in it.

How much should I insure for my house or apartment?

Here’s a guide on how to determine the sum insured for:

Building, Renovations, Fixtures and Fittings
Contents

A. Building, Renovations, Fixtures and Fittings
The sum insured should represent the reinstatement cost of the building, renovations, fixtures and fittings in the event of total loss. “Reinstatement” simply means the restoration of the building etc. to a former or original state.

To determine the cost to reinstate the building (e.g. a landed property), you may engage and pay a qualified property surveyor to survey your property and provide a building reinstatement cost report.

Alternatively, you may also calculate the sum insured for the building on your own. Here’s how:

Determine your building Construction Floor Area (CFA).
CFA is the area of all building enclosed covered spaces measured to the outside face of the external walls including covered basement and above ground car park areas. You can obtain the CFA from the developer of your property or the Managing Agent in the case of a condominium unit (i.e. Strata Titled property).¹
To calculate the reinstatement cost valuation specific to your property type, you will need the construction cost for your property type (e.g. terrace house or condominium etc.), which is regularly published by the quantity surveyor. Here’s a link for your reference.
After you have worked out the estimate cost of reinstatement for the building, you should also add in an estimate cost of renovating your home, which should also include fixtures and fittings such as electrical fittings, lightings and built-in furnishings etc.
You may also refer here for an example.

¹source: https://gia.org.sg/property-insurance-faq/418as-a-general-guide-how-do-i-estimate-the-sum-insured-as-a-general-guide-how-do-i-estimate-the-sum-insured.html

B. Contents
The sum insured should represent the cost of replacing the same item when new. Contents should include any physical and movable items belonging to you and your family such as movable furniture (e.g. dining table and chairs), electrical items (e.g. TV, refrigerator) and personal items (e.g. notebooks and laptops).

What is under-insurance? And how does it affect me if my home insurance is under insured?

Underinsurance refers to insufficient insurance coverage that can leave the policyholder responsible for a large percentage of a total loss or expense and this can lead to financial hardship. If a homeowner is underinsured and there’s significant damage to a residence, the insurance pay-out may not be enough to cover repairs or replacement.

Here’s an example to demonstrate how under insuring your home may affect you:
Mary’s property reinstatement value was $1 million. As she felt that it would be unlikely that her home will be destroyed by fire or otherwise, she decided to insure her property for $300,000 only. Unfortunately, a fire broke out in one of the bedrooms and the cost of repairs was $20,000. As Mary only insured 30% of the property’s reinstatement value, HomeBliss will compensate Mary $6,000. Mary will bear $12,000, which is the rest of the repair costs.

Calculating the percentage of insurance borne by the insurer:

Sum Insured	× 100% =	$300,000	= 30%
Reinstatement Value		$1,000,000

Calculating the amount that the Insurer pays for the loss:

(% of Cover by the Insurer) × Cost of Repairs = 30% × $20,000 = $6,000

If a burst water pipe in my kitchen causes flooding and damages to my kitchen cabinets and oven. Would these be covered under HomeBliss?

Yes, HomeBliss will cover the loss or damage to your building, renovations or contents caused by bursting of water pipes or tanks within your home, provided that it has not been left unoccupied for consecutive 30 or more days. However, the cost of repairing the burst water pipes or tanks will not be covered by HomeBliss.

If a water pipe located in the corridor outside my apartment bursts, causing flooding inside my apartment which damages my flooring and furniture. Would I be covered under HomeBliss?

The loss and damage illustrated in this scenario will be covered by HomeBliss Enhanced Plan under the loss and damage caused by Insured Perils and accidental means clause.

Do note that HomeBliss Standard Plan only covers loss and damage caused by Insured Perils. Hence this plan will not cover for loss and damage caused by bursting of water pipes or tanks that are located outside your home.

If my cupboard is damaged by water which I could not trace where it comes from, will this be covered by HomeBliss?

The repair of the water-damaged cupboard is covered by HomeBliss Enhanced Plan under the loss or damage caused by Insured Perils and accidental means clause. However, the cost of tracing of the source of water seepage will not be covered by HomeBliss.

If a fire breaks out at the void deck of my apartment block, causing my unit to be covered in thick black smoke, even though the fire does not spread to my unit. Would this be covered under HomeBliss?

HomeBliss Standard Plan only covers smoke damages caused by faulty operation of any heating or cooking unit in the Insured Dwelling. Hence, for this scenario, it will not be covered.

However, if you have chosen HomeBliss Enhanced Plan, you will be covered under the smoke damage due to other reasons coverage, subject to the policy terms and conditions.

Important Notice

Policy Owners’ Protection Scheme

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)

Please note that the online DBS/POSB IPP will no longer be available from 6 May 2021. However, customers who wish to apply for instalment payment for their insurance premiums of $500 & above with DBS/POSB or OCBC credit card may download our Credit Card Payment Form. Please submit the completed form to [email protected].

HomeBliss provides comprehensive coverage for your home

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