Compare the top home insurance providers in Singapore — see cover, features and typical rates side by side.
13 live offers compared from 13 providers, from S$180 /year. Updated daily.
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Home insurance protects your residence and its contents against risks such as fire, water damage, theft and certain accidents, and can include cover for renovations, personal belongings and liability to others. In Singapore it is distinct from the basic fire insurance that HDB flat owners must hold, which covers only the building structure, not your renovations or possessions. Home contents and renovation policies fill that gap, and are relevant to HDB, condominium and landed-property residents alike, whether owners or tenants.
Insurers offer packaged home policies covering combinations of renovations, contents, personal belongings, valuables and personal liability, often in tiered plans by sum insured. HDB owners separately hold the mandatory HDB Fire Insurance, a low-cost structural policy administered through an appointed insurer, but this does not cover renovations or contents, so a private home policy is needed for fuller protection. Cover is usually bought annually online or through advisers, with optional extensions for alternative accommodation and worldwide personal belongings.
Contents and renovation cover — Protects furniture, electronics, renovations and belongings that basic HDB fire insurance excludes.
Fire and water damage — Covers common household perils such as fire, burst pipes and flooding within terms.
Theft and accidental loss — Reimburses stolen or accidentally damaged items, subject to limits.
Personal liability — Covers legal liability if someone is injured or their property damaged in your home.
Estimate the replacement value of your renovations and contents so you insure enough to avoid under-insurance, which reduces payouts. Compare the sum insured for renovations, contents and valuables, single-article limits, and whether cover is on a new-for-old basis. Check exclusions, the excess per claim, and useful extensions like alternative accommodation. Tenants should focus on contents and liability, owners on renovations and contents. Match the plan tier to your home type and the value of what you own.
Home insurers include Income (NTUC Income), Singlife, FWD Singapore, Direct Asia, Etiqa, Tokio Marine, AIA Singapore and Prudential Singapore. Digital-first insurers such as FWD and Direct Asia offer quick online quotes and competitive packaged plans, while established general and life insurers provide broader tiers and adviser support. Coverage limits, single-item caps and extensions differ across insurers, so compare on the sums insured and terms relevant to your home rather than headline premium.
Home contents and renovation premiums are relatively modest, commonly ranging from around S 00 to S$300 a year for typical HDB and condominium cover, scaling with the sum insured and property size; the illustrative figure shown sits within this band. Higher renovation values, extensive contents and added extensions raise the premium. The separate mandatory HDB Fire Insurance is very low-cost but covers only the structure. Overall, comprehensive home cover remains inexpensive relative to the assets it protects.
Home insurers are licensed and supervised by the Monetary Authority of Singapore (MAS) under the Insurance Act, with conduct and disclosure obligations. Policies are covered by the Policy Owners' Protection Scheme, administered by SDIC, which protects policyholders up to set limits if a licensed general insurer fails. HDB Fire Insurance is a separate statutory requirement for HDB flats. Disputes that cannot be resolved with the insurer can be escalated to the Financial Industry Disputes Resolution Centre (FIDReC).
Isn't HDB fire insurance enough? — No; it covers only the building structure, not your renovations, furniture or belongings, which need a separate home policy.
Do tenants need home insurance? — Owners insure the structure, but tenants can insure their own contents and personal liability.
What affects the premium? — Mainly the sum insured for renovations and contents, property type and any added extensions.
The cheapest Home Insurance in Singapore is S 80 /year from NTUC Income.
Giraffy tracks 5 home insurance products across NTUC Income,Singlife,FWD Singapore,Direct Asia,Etiqa Insurance SG insurers in Singapore. The lowest tracked price is S 80 /year. Premiums depend on your property type, rebuild or replacement cost, contents value, and local claims history — compare multiple quotes to find the best deal for your specific circumstances.
Buildings insurance covers the structure of your home — walls, roof, floors, and permanent fixtures — against events like fire, flood, or subsidence. Contents insurance covers your belongings inside the home. Many insurers offer combined buildings and contents policies, which is often better value than buying separately.
As a tenant, you're responsible for insuring your own belongings (contents insurance), not the building — that's the landlord's responsibility. Tenants' contents insurance covers your possessions against theft, fire, and accidental damage. Some policies also cover items outside the home.
Standard exclusions include: general wear and tear, damage caused by pests, mechanical breakdown, and damage due to poor maintenance. Flood and earthquake cover is often sold separately — especially in high-risk areas. Always check exclusions carefully — especially for high-value items like jewellery above a single-item limit.
The excess is the amount you contribute towards a claim before the insurer pays the rest. A higher voluntary excess reduces your premium. Make sure you could comfortably pay the full excess amount in an emergency.
Buildings cover should reflect the rebuild cost — what it would cost to demolish and rebuild your home from scratch — not the market value. These figures can differ significantly. Many insurers provide online rebuild calculators; a professional assessment is more accurate for unusual or period properties.