Home Insurance Coverage in Singapore
- Dwelling Coverage: This safeguards the physical structure of your home against a variety of perils. This typically includes coverage for fire, theft, vandalism, and weather events like hail, wind, or lightning. Depending on your location, you might need to consider separate policies or add-ons for coverage against specific natural disasters such as floods or earthquakes.
- Belongings Coverage: This protects your belongings inside the home if they are lost, stolen, or damaged by covered events. The policy should detail how much coverage you have (actual cash value vs. replacement cost) and any exclusions that might apply.
- Liability Coverage: This shields you from financial responsibility if someone gets injured on your property or your pet injures someone else. It can also cover legal fees if you're sued in connection with such an incident. Liability coverage can extend beyond your property in some cases, providing protection for certain situations that occur away from your home.
