Home is where you and your family enjoy comfort, privacy and peace of mind. You have spent a fortune renovating and upgrading your love home.
You should seriously think of getting adequate fire insurance for your house.
When you took a bank loan to finance your home loan, it’s very common for the bank to request you to buy home fire insurance before they agree to the home loan. This is to protect the bank’s interest in the property in case of a fire.

How does home insurance affect my family and me?
Should a fire, burglary or unforeseen crisis ever happen to your house, it would be stressful for your family to deal with the damage and loss. You can minimize the loss and financial burden by insuring your home and its content against such unpleasant events. This makes it easier for you and your family to move past the inconvenience and return to a normal life.

Doesn’t Fire Insurance Cover Everything?
Most fire insurance only covers your houses structure and the fixtures and fittings provided by the insurance policy for damages due to fire and other unforeseen events. It does not cover your renovations, furniture, personal belongings, and areas outside your unit or liability should your neighbors’ unit be affected by the disaster too.

Wouldn’t my private apartment be insured by the Building Management?
Depends where you stay, your Building Management of most private apartments is legally responsible for insuring the building. However, you are responsible for your belongings and the improvements you have made to your apartment through renovation.

How can I best protect my home and my belongings?
They can be covered with insurance plans that protect your home’s basic and renovated structures, your furniture, your personal belongings, your precious antiques, your jewellery, cameras, and even your pets. Look for insurance agents or company that able to provide the above and perhaps more with only one policy.

Basic Insurable Items
When buying insurance plans; look for the following basic items that must be covered:
1. Be insures your home against and its content against fire.
2. Be insures your home against and its content against burglary.
3. Be insures your home against and its content against damages cause by bursting or overflowing of water, apparatus flooding.
4. Be insures your home against and its content against vehicle impact from outside house.
5. Be insures your home against and its content against riot, strike and malicious damage.
6. Best of all be insures your people inside the home against SARS, Dengue fever and Bird Flu.

Also look for an insurance policy that offers 24 hours Emergency home assistance service for locksmith, electrical, plumbing or pest control needs.
Also check whether your policy provides reimbursement for repairs works. You should check out the insurance company’s coverage and benefits closely before committing to a policy. Do your research by comparing as many insurance company’s benefits as many as possible.