Etiqa Insurance is The existing appointed insurance company to the necessary HDB Fire Insurance coverage plan from August sixteen, 2024, to August 15, 2029. This compulsory policy, demanded for all HDB flat entrepreneurs with An impressive HDB financial loan, addresses the cost of reinstating The inner framework, fixtures, and fittings initially provided by HDB. The rates are paid out for any five-calendar year period of time and fluctuate by flat sort, having a four-place flat costing S$4.59 that has a sum click here insured of S$117,000, plus a 5-home flat at S£5.43 which has a sum insured of S£144,800. This basic fireplace insurance policy doesn't address particular belongings, renovations, or home contents. For additional extensive protection, Etiqa provides a separate Tiq Household Insurance policies policy, that may be obtained to complement The essential prepare. This policy handles renovations approximately S$1 million, household contents as much as S£one hundred fifty,000, and includes capabilities like 24/7 crisis help and private authorized legal responsibility.