Etiqa Insurance coverage is The existing appointed insurance provider for that obligatory HDB Hearth Insurance policy scheme from August sixteen, 2024, to August fifteen, 2029. This compulsory policy, required for all HDB flat owners with An impressive HDB financial loan, addresses the price of reinstating the internal composition, fixtures, and fittings at first supplied by HDB. The premiums are paid for just a 5-yr time period and vary by flat type, which has a four-space flat costing S$4.fifty nine that has a sum insured of S$117,000, as well as a 5-home flat at S£5.43 that has a sum insured of S$144,800. This essential hearth insurance coverage does not deal with personalized belongings, renovations, or household contents. For more comprehensive protection, Etiqa offers a different Tiq Property Insurance policy plan, which may be bought to enrich The fundamental plan. This plan covers renovations nearly S$1 million, home contents as many as S$a hundred and fifty,000, and contains features like 24/seven emergency guidance more info and personal lawful liability.