FWD Home Insurance Singapore | Low Cost Home Insurance in Singapore

Home Insurance | Insurance

Looking for home insurance? The FWD home insurance Singapore is designed for homeowners and renters. Especially for people who are looking for a low-cost plan with comprehensive coverage and useful extras. Home insurance plans are intended to cover the financial consequences of home calamities. Such as a fire, gas explosion, burst water pipes, or burglary damage.

FWD Home Insurance Singapore

Aside from dealing with the aftermath of the tragedy, affected tenants will most likely need to find alternate living arrangements. While the house is restored to livability and security. As a result, it is crucial to have a house insurance plan that covers not only the immediate disaster but also provides critical support in the aftermath. FWD Home Insurance is one such plan, which combines flexible coverage with a host of useful advantages and is available to both homeowners and tenants.

Key Features

Separate claim limits for building, renovations, and home contents

What distinguishes FWD Home Insurance is that it offers up to three separate claim limitations per occurrence. Damage to the building, repair or renovations, and home contents. This means that, even though the face value of your plan is quite low, with a ceiling of S$100,000, you do not have to divide the amount among these three distinct but critical categories. This leads to more control and flexibility in how you apply your claims.

Additional benefits catered to both current and long-term requirements

It also includes a host of other perks and services. Features that would be beneficial to anyone experiencing disturbances in their living arrangements. You get standard features such as allowances for alternative housing and storage of personal belongings, incidental expenses arising from the loss of use of one’s home, and personal liability protection. Additionally, the plan also includes rent protection for both landlords and tenants, as well as legal costs arising from tenancy disputes.

Finally, your policy will include four valuable home support services: air conditioning, plumbing, electrical, and locksmithing. You may participate in up to S$100 worth of events per policy year. There is no additional charge in the event of a fire or ruptured pipes. If your home disaster is caused by a fire or a burst water pipe, you will not be charged any excess that may be included in your policy.

Who is the FWD Home Insurance Singapore for?

You’d expect to pay a rather costly premium for its flexible coverage, a vast range of benefits, and valuable extra services. This, however, is not the case. FWD House Insurance is one of the more affordable home insurance plans available! Thanks in part to its claim cap on home contents, building, and renovation. Claims for each category are limited to S$100,000 – a comparably small number. But this is mitigated by the option to categorize your claims.

This combination of comprehensive coverage and inexpensive premiums makes FWD Home Insurance an excellent alternative for homeowners and/or renters looking for all-inclusive protection at a reasonable price.

Important Exclusions

FWD Home Insurance may provide a wide range of coverage and benefits, but there are exclusions, as with any insurance plan.

• You or your family members’ deliberate, malicious acts, negligence, or failure to avoid or minimize injury or damage.
• Damage resulting from a public or government authority’s directive (such as legal forced entry by the police, etc).
• Loss or damage to your home while it is under construction, reconstruction, or repair.
• Loss or damage caused by illegal conduct (such as unauthorized structural changes, etc).
• If your home had been vacant for more than  60 days.

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