Etiqa Coverage is The present appointed insurance company to the necessary HDB Fire Insurance coverage scheme from August sixteen, 2024, to August fifteen, 2029. This compulsory policy, needed for all HDB flat proprietors with an outstanding HDB personal loan, handles the price of reinstating The interior structure, fixtures, and fittings at first furnished by HDB. The premiums are paid for a 5-12 months time period and differ by flat type, with a four-area 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 with a sum insured of S£one hundred forty four,800. This fundamental fireplace insurance policies will not click here include personal possessions, renovations, or residence contents. For more detailed coverage, Etiqa provides a individual Tiq Residence Insurance plan, which can be purchased to enrich the basic approach. This coverage covers renovations nearly S$1 million, home contents as many as S$a hundred and fifty,000, and involves attributes like 24/seven unexpected emergency aid and personal legal legal responsibility.