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Protect the Most Important Place in the World: Your Home

18 May 2021

Tips & Advice

With the global pandemic raging around the world, home has never been more important. It has become our sanctuary, our happy place and our safe place. While you may have taken all reasonable measures to protect your health and safety from ‘unprecedented’ events, have you remembered to protect your home and its contents from unforeseen events?

Protection Above and Beyond Fire Insurance

If you own an HDB flat, you would already have HDB Fire Insurance. This insurance helps relieve flat owners of the financial burden of repair work in the unfortunate event of a fire. However, it does not cover home contents such as furniture, renovations and personal belongings.

The good news is that FWD Singapore (FWD) offers affordable Home insurance, for both HDB and private property owners. It covers damage to or loss of your home and its contents, in the event of theft, burst pipes or malicious acts by others, up to S$100,000. ‘Contents’ basically refers to everything in your home – from furniture and appliances to renovation works including built-in wardrobes and cabinets.

FWD charges no excess in the event of damage or loss caused by fire or burst water pipes, which provides peace of mind when the time comes to renew your policy.

A Helping Hand When You Need It

Homeowners who take up FWD Home insurance are covered for up to four assistance services up to the value of S$100 each per policy year. These services include electrical, plumbing, locksmithing and air-conditioning repairs.

The coverage of these services can make all the difference when an air-conditioner suddenly stops working due to a faulty compressor motor or fan, or when you have a blockage in the floor trap of your shower. It’s extremely comforting to know that you can afford an experienced tradesman rather than having to try and fix the problem yourself or leaving the offending item ‘as it is’ and suffering the consequences in the future.

A Roof Over Your Head If You Need to Move Out

FWD Home insurance covers the expenses arising directly from the loss of use of your home, as long as it is caused by an insured event.

Say your home is flooded by a burst water pipe and needs to be vacated for repairs, cleaning and drying. FWD will pick up the tab for your family’s temporary accommodation and pay the cost of storing your home contents, up to S$300 per day.

Personalise Your Cover

As opposed to a ‘one size fits all’ approach, FWD Home Insurance gives you the flexibility to personalise your coverage according to the value of your contents and your budget.

For example, you can cover a studio apartment and its contents for up to S$20,000 for a whole year at just S$311. You can always increase your coverage, up to S$100,000, as the value of your contents increases or when your finances improve.

In addition to flexible premiums for varying amounts of coverage, FWD allows you to purchase affordable add-on coverage – it’s akin to a ‘package deal’. This additional coverage includes personal accident coverage for you and your family, which covers accidental death and disability, and medical expenses for injury and any required modifications to your home that are due to an insured event.

And for proud pet owners, FWD offers another type of add-on coverage cover that protects the other important members of your family – your furkids. FWD’s pet cover add-on covers medical expenses to treat injuries, theft of your cat or dog, accidental death, and even pet accommodation costs due to an insured event.

Never Overpay for Insurance Again

FWD’s flexible and affordable home coverage makes it easy for homeowners to protect their home and its contents from more than just outbreaks of fire. Its affordable price also ensures that your home insurance is a sustainable expense that you can continue to afford and easily justify in the future.

Some say that you can’t put a price on peace of mind, but with a year of coverage from just S$31, FWD Home insurance suggests otherwise.

But That’s Not All…

Keen to protect the most important place in your world? Enjoy 30% OFF FWD Home insurance for your first year of coverage, with the promo code HMRN30, valid until 4 June 2021. Find out more today.


1Based on premium for a 1-year plan.

This article is sponsored by FWD Singapore.

This is for general information only and does not constitute financial advice.

You should consider if this policy is suitable for your needs, or you may wish to seek advice from a qualified financial adviser before making a commitment to purchase this policy. Switching from an existing policy to a new one may have potential disadvantages.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). This advertisement has not been reviewed by the Monetary Authority of Singapore.

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