Etiqa Insurance coverage is The existing appointed insurance provider to the obligatory HDB Hearth Insurance coverage scheme from August sixteen, 2024, to August fifteen, 2029. This compulsory policy, required for all HDB flat owners with An impressive HDB financial loan, addresses the cost of reinstating the internal composition, fixtures, and fittings initially supplied by HDB. The premiums are compensated for the five-year interval and range by flat sort, using a 4-place flat costing S£4.59 with a sum more info insured of S£117,000, and also a 5-room flat at S£5.43 with a sum insured of S£one hundred forty four,800. This fundamental fireplace insurance plan will not include own possessions, renovations, or house contents. For additional thorough coverage, Etiqa provides a independent Tiq Home Coverage coverage, which can be ordered to enhance The essential prepare. This policy handles renovations approximately S$1 million, household contents around S£one hundred fifty,000, and includes capabilities like 24/7 crisis support and personal authorized liability.