Etiqa Tiq Home Insurance | Home Insurances in Singapore

Home Insurance | Insurance

The Etiqa Tiq home insurance is a fairly simple product. With numerous claim limits and claim categories, home protection insurance can be difficult. Etiqa Home Insurance makes it easy to secure enough coverage for your valuables, debris disposal, and professional expenses by setting them as a proportion of your sums insured. This leads in a simple insurance that simply asks you to select your covered sums for contents and remodelling.

Key benefits of Etiqa Tiq Home Insurance:

Simple to use and comprehend

Etiqa Tiq Home Insurance is intended to assist homeowners and tenants in obtaining suitable home insurance coverage. For example, coverage for debris disposal and professional expenses is capped at 10% of the sum insured. For remodeling and/or constructing, rather than a fixed amount that may be insufficient. Similarly, cover for personal goods is set at 30% of the value of the contents insured. However, there is a deductible of $100 for each loss, and each item is limited to a maximum claim of $1,000. Each item, including artworks, fine glassware, tapestries, and the like, is limited to a maximum claim of $200.

Sums assured are not the largest, but they should cover the majority of cases

The varied sums assured are another user-friendly element of Tiq Home Insurance. Although there are no extravagant benefits (for example, protection for remodelling and furnishings for HDB flats is limited to $180,000 and $120,000, respectively). These relatively modest sums should cover the majority of situations efficiently. This also prevents novice homeowners and tenants from over-insuring their properties and paying more than necessary.

A comprehensive base plan with appealing premiums

This home insurance plan not only meets most demands, but it also includes valuable features that new homeowners may not consider vital. The basic plan contains features such as protection against financial fraud caused by stolen bank cards, benefits for lost cash, and an emergency cash allowance of up to $5,000. Despite its extensive nature, the plan is reasonably priced and competitively priced.

Optional add-ons include cyber insurance and accidental death cover for family members

Etiqa Tiq Home Insurance also offers some protection against break-ins, acknowledging that internet impersonation and fraud may be costly. You have the option of adding $25,000 in coverage for cyber extortion and the like. With this plan, you can also increase your family’s accident coverage by up to $50,000.

Important Exclusions 

Take note of the following notable exclusions before signing up for Etiqa’s Tiq Home Insurance coverage. 

 General exceptions include:

Any loss, damage, or injury caused or contributed to by gross negligence, criminal dishonesty, fraudulent, malicious, or intentional act or omission by you, any member of your household. Or anyone who has been granted entry to your home.

Loss or damage to the building that the HDB or its appointed contractor has undertaken or is legally obligated to repair or reinstate for those HDB properties insured under this policy.

For private houses insured under this policy, any loss or damage to the building that the MCST or MCST’s appointed contractor has undertaken or is legally required to repair or reinstate.

Loss or damage caused by pressure waves generated by aircraft or other aerial objects travelling at supersonic or sonic speeds.

Any loss or damage to your property, or your obligation to a third party for bodily harm or property damage caused or attributable to the existence, growth, proliferation, spread, or any activity of Fungi, Wet or Dry Rot, or Bacteria.

Who is Etiqa Tiq Home Insurance best suited for?

Homeowners, landlords, and tenants who want a relatively complete house insurance plan. With advantages but don’t want to get mired down in technicalities might look into the Tiq Home Insurance Plan. Even without add-ons, the plan provides benefits that should meet the majority of your and your family’s needs across a wide range of catastrophes. From unintentional fires to house break-ins, while not tempting you with excessively large sums covered, which could lead to overspending. As a result, even unskilled homeowners should feel at ease when selecting a suitable amount of benefits when enrolling in the plan.

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