Etiqa Insurance Singapore has been appointed as the official fire insurer for the Housing and Development Board’s (HDB) Fire Insurance Scheme starting 16 August.
This scheme will provide basic fire insurance coverage for all sold HDB flats, with premiums ranging from S$1.11 to S$6.68 for a five-year term, depending on the flat type.
Etiqa Insurance Singapore
The coverage includes reinstating damaged internal structures, fixtures, fittings, and repair work for damage to adjoining properties and water damage from burst pipes.
Existing policies expiring after 15 August will not be affected. Raymond Ong, CEO of Etiqa Insurance Singapore, emphasized the company’s commitment to providing affordable and comprehensive fire insurance to ensure the peace of mind of Singaporean homeowners.