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Do you know how much your HDB Fire Insurance actually insures?

The largest premium for a HDB flat under the HDB Fire Insurance scheme is $9.75 for 5 years. Wow. I assume that it’s because of the large number of HDB flats in Singapore, and with virtually every HDB flat being covered by fire insurance via HDB’s appointed American Home Assurance Company (AHA).

It’s not a comprehensive insurance of course, as HDB clearly states on their website:

“The fire insurance policy under the HDB Fire Insurance Scheme is a basic fire insurance which covers building structures, fixture and fittings (based on current standard and specifications for HDB flats). It excludes common property vested in or held in trust for HDB and any of the current or previous lessee’s/Mortgagor’s renovations or improvements to the flat and all household contents.”

Fair enough.

I was then curious about what the coverage actually was, so I searched for it:

I have never made a fire insurance claim before, but those numbers look pretty small, and I wonder if it’s even sufficient to cover the basic building structures.

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One Response to “Do you know how much your HDB Fire Insurance actually insures?”

  1. Andrew Sharpe Says:

    I can only see the top part of this site and the comments area. Anyone else having difficulties seeing this in Chrome?

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