In 2022, there were a total of 935 fire incidents reported in residential premises, which include both private homes and public housing like HDB flats. Notably, over half of these incidents (52%) occurred in residential settings.
Home fire and Home all-risk insurance are vital for homeowners in Singapore, offering essential protection against potential disasters like fire, water pipe burst, burglary, and accidental damage. These policies typically cover household contents, renovation fittings, personal belongings, and liabilities arising from accidents within the home.
The advantages of such home insurance include financial security in case of unexpected events, ensuring that you can repair or replace damaged property without incurring significant out-of-pocket expenses. By securing home fire and all-risk insurance, homeowners can enjoy greater peace of mind, knowing their investments and loved ones are protected.
