Compare and buy Home Insurance in Singapore

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Buy Home Insurance In 5 Simple Steps

We are not just a regular Home (Property) Insurance comparison platform. On Insurance Market we stop the confusion and create “zen” by showing you exactly which policy provides you best value for money based on your personalised needs. On top of that we help you with your admin. We do that by storing your new policy in your own online account, available to you any time anywhere. This account can also be used for other policies you buy through us. This way we create a neat policy overview and enable you to keep your personal details up-to-date, which will come in handy next time you book a policy, saving you from having to endlessly input the same information.

all insurance promotions are included in our prices

Personalised Choice

All of us are different and have our own personalised needs. Suitable Home Insurance for one person may not necessarily be the best policy for another. Insurance Market recommends the best Home Insurance policies, based on your personal requirements and preferences.

Best Value for Money

A cheap policy may turn out not providing the level of cover you need and may cost you a lot at the end of the day. We compare insurers not only on price but use sophisticated algorithms to give you a quick score that makes the quality of their coverage comparable. So you have all the info you need to choose.

Unbiased Advice

We look at policies clinically and without bias. We apply our rating models and analysis when we compare across different types of Home Insurance policies in Singapore. We gather all the important information and then recommend the best policies for you to choose from.

Testimonial Home Insurance Lena Wu

What our customers say…

“Insurance Market makes the process of comparing and buying insurance very convenient and you don’t pay too much!”

Lena Wu


Available Home Insurance Policies

Currently, Insurance Market has the following Home Insurance Policies available to compare and buy directly online:

Buy Aviva Home Insurance

Aviva Home Insurance

Aviva Home Lite, from S$52.97

Aviva Home, from S$88.28

Aviva Home Plus, from S$ 160.55

Buy Aviva Home Plan
Buy AXA Home Essential Insurance

AXA Home Essential

Home Essential Standard, from S$53.50

AXA Home Essential Classic, from 82.93

AXA Home Essential Deluxe, from S$ 120.38

Buy AXA Home Essential

EQ Insurance HomeGUARD

HomeGUARD Silver, from S$112.35

HomeGUARD Gold, from 214.00

HomeGUARD Platinum, from 315.65

EQ Insurance HomeGUARD
Buy Liberty Home Care Insurance

Liberty Home Care

Home Care Plan A, from S$74.90

Home Care Plan B, from S$128.40

Home Care Plan C, from S$192.60

Buy Liberty
Home Care
Buy MSIG Home Insurance

MSIG Home Insurance

MSIG Home Plus Standard, from S$118.77

Home Plus Superior, from S$176.55

Home Plus Ultimate, from S$233.26

Home Plan
Buy Liberty Home Care Insurance

QBE Home Plan

Home Plus Basic, from S$101.65

Home Plus Standard, from 179.76

Home Plus Super, from S$256.80

Home Plan
Buy Liberty Home Care Insurance

Sompo Home Bliss:

Contents & Building:

Home Bliss: Standard Home (Cosy), from S$96.30

Home Bliss: Standard Home (Serene), from S$165.85

Home Bliss: Standard Home (Luxury), from S$249.31

Buy Sompo
Home Bliss

Cover and Benefits

Home Content refers to any physical and movable household items or personal belongings including money and valuables kept within the premises that belong to you or your family members.

Building refers to the building structure of your home. For Housing Development Board (HDB) flats, condominiums, apartments or cluster houses, it will include the building structure (but not the foundations), fixtures and fittings based on HDB’s or the property developer’s standard specifications. For landed properties such as bungalows, semi-detached and terrace houses, it will include the building structure (but not the foundations), garages, outbuildings, swimming pools, terraces, footpaths, driveways, gardens, gates, fences and other private areas you own and which the public do not have access to.

First of all, price is a natural consideration but there are definitely other factors worth thinking through in selecting your solution. Saving a few hundred dollars’ worth of premium, does easily not outweigh potential risk exposure to mishaps around your home. As a positive step toward risk management, just ensure your plan is tailored to match your needs and circumstances at a reasonable price.

Price is commonly used as a basis among buyers when selecting a home contents insurance plan. With increasing competition among insurers, buyers are spoilt for choice in the marketplace. The focus should fall upon the following key factors besides price:

  1. “Insured perils” vs “All risks” – This determines how extensive risk exposures are covered under the plan.
  2. “First loss” vs “Full sum insured” – This determines the value of the financial losses or damages claimable against the plan. Claims settled on a First Loss basis are without penalty for being under-insured. Under the “Average Clause”, the insurers can reduce payment on a claim by the percentage you are under-insured.
  3. Valuables – Home Contents Insurance normally has a sub-limit for unspecified items. For full-cover, valuables must be itemized for insurer’s review and additional premium. Examples of valuables are watches, paintings, works of art, jewelry, antiques, precious stones and other collectable items.
  4. Deciding sum insured for your home contents – The general rule of thumb is the replacement cost of your content should it be completely destroyed.
  5. Common exclusions – They may differ among insurers and hence it is prudent to take a closer look when doing comparisons.
No, there is no need to declare or list down. A total value for the household contents is declared instead, representing the sum insured for the policy. To ensure your contents are appropriately covered, we would recommend you to itemize them for completeness check.

With existing property loan from:

  1. HDB: HDB Fire Insurance is compulsory. A plan covering home contents and renovations would be appropriate.
  2. Banks: Usually, fire insurance is packaged with the loan. A plan covering home contents and renovations would be appropriate. In absence of fire insurance, recommended to include cover for building into your plan.
With existing property loan from the bank, a plan covering home contents and renovations would be appropriate. The MCST (Management Corporation Strata Title) insurance only takes care of the development (building) and common areas.
With existing property loan from the bank, a plan covering home contents, renovations and building would be appropriate assuming there is no fire insurance packaged with the loan.

It is prudent to secure protection against financial losses due to any loss or damage caused by any unforeseen risks to your building (home), home contents and renovations.

“Insured perils” are risks or events leading to a financial loss covered by an insurer.
These are examples of insured perils:

  • Fire, lightning, thunderbolt or subterranean fire
  • Explosion
  • Aircraft and other aerial devices and articles dropped therefrom
  • Collision or Impact
  • Bursting or overflowing of domestic water tank, apparatus or pipe
  • Theft accompanied by actual forcible and violent entry or exit
  • Hurricane, cyclone, typhoon, windstorm and flood
  • Earthquake or volcanic eruption
  • Riot, Strike and Malicious Act
When a scope of cover is based on “All Risks” (fire being the common risk to be covered), it includes cover for accidental risks as well. In other words, “All Risks” cover can be viewed as an extension to “Fire and Extraneous Perils” thus making it more comprehensive in nature.

As an example, theft cover in a “Fire and EP” policy requires theft to be accompanied by actual forcible and violent entry or exit to be claimable. However, in an “All Risks” policy, the insurers can offer the removal of the restriction “forcible and violent entry or exit” upon payment of additional premium to cover thefts which do not involve elements of force and violence.

A “Fire and EP” policy will state exactly what perils (risks) are covered. Any perils not named in the policy are deemed not to be included for coverage. In an “All Risks” policy, all perils are deemed to be included for coverage unless specifically excluded.

It is a list of defined risks. Fire being the common risk and other risks as specified by the insurer. As insurers are free to decide what perils they would cover in their policies, it is advisable to take a second look at their defined perils.

General & Eligibility

Depending on whether you are a home (property) owner/ landlord or tenant, your requirement for a Home Contents Insurance plan may differ.

  • A home owner has clearly vested interests in protecting his home contents against potential financial losses or damages.
  • A non-staying landlord may have concerns about the household items provided in a fully or partially furnished rented room/ apartment.
  • A tenant, on the other hand, should be mindful of his own contents and any other responsibilities specified in the tenancy agreement.
You buy Home Contents Insurance to protect what you own. Home Contents Insurance is a general insurance plan designed to protect the value of movable items within a residential property. Home Contents Insurance therefore, complements Building Insurance. Safety at home and the risks around contents are often taken for granted so the importance of insurance protection is easily downplayed. However, the reality remains. Floods, fires, burglary or other unforeseen disasters continue to manifest our daily lives beyond anyone’s control.
You are a tenant or co-tenant when you are occupying the premises in Singapore rented from a landlord.

You are an owner or co-owner when you possess ownership rights or legal title to the premises in Singapore.

Once we confirm with you that we have collected your premium through our online payment gateway, you would have successfully purchased your policy. This should take a minute or two, and you will then be insured.
You can do so when you have arrived at Compare page (Step 3 of 5).

To compare different policies:

1. Tick the Add to compare box on each policy card
2. Select up to a maximum of 3 policies to compare and click Compare.

Here, the comparison of the policies selected can be found. Click and expand the various sections to see the comparison of each coverage.

If you have an existing HDB Fire insurance policy, it would not be applicable to a condominium. Upon relocating to your new property, add cover to your home (building) in your existing home insurance (covering renovation and home contents) or purchase a brand new home insurance policy.
The eligibility to purchase home insurance lies with your property ownership status. As long as you are owning the premises (owner/ co-owner/ landlord) or staying at the premises (owner/ co-owner/ landlord/ tenant/ co-tenant), you can purchase Home Insurance.
Depending on the insurer’s practice, you may request to extend your policy cover (typically for short duration) by giving advance notice to the insurer in writing with the required additional premium paid.
In general, insurers will commence cover upon successful payment. However, when an application requires further assessment from the insurer with more information from the applicant, it might take a few working days.

Insurance Market Pte Ltd is a MAS approved broker
Our address is Oxley Biz Hub #03-65, 65 Ubi Road 1, Singapore 408729

The above prices are normal non discounted starting off prices. The actually policy premium maybe higher depending on your personal situation and requirements.

Photo credit: Davi Alexandre DSC_9813 via photopin (license)