Fix the horrible coverage gap you never knew existed [with FWD Home Insurance]

Posted 12 July, 2018 by Surely
in Product Reviews


Do you have Home Insurance?

As a homeowner, you are likely to nod your head. You may vaguely remember that you had to purchase an insurance policy at the time of the purchase. After all, it is compulsory, isn’t it?

Unfortunately, it is likely that your answer is incorrect. 7 in 10 home occupants in Singapore do not actually have a Home Insurance that covers the contents in their abode. What you probably have is actually a standard Fire Insurance for your home.

Clueless about the difference?
It is high time that you to learn to plug that gaping coverage hole you never knew about.


Popping the hood on HDB Fire Insurance


Fire Insurance, as the name suggests, is an insurance policy that covers fire-related damages. At the same time, you are also insured against other hazards. This is a non-exhaustive list, arranged from a scale of the expected to plain ridiculous:

– Burst & Overflowing of Water Pipes
– Fire in Adjoining Property
– Damage from Extinguished Fire
– Earthquake, windstorm (well, almost never)
– Aircraft Damage (Wow. Just wow)

Not that we have any complaints about any of them.  In fact, we are happy to report that list of insured perils looks pretty comprehensive. What really strikes us hard is the following clause:

Source: HDB Master Policy (For insurance issuance from 16 Aug 2014 to 15 Aug 2019)


The keywords that should set your alarm bells ringing are “by the HDB”. Essentially the policy is set out to provide insurance protection for the items that are installed by the HDB and not your personal items.

This means your clothes, entertainment systems, furniture, and your Roomba – are all not covered.


More exposed than you realise


What is so frightening about that clause is that it renders everything that was installed at your own cost, is excluded from the coverage scope of your Fire policy.

Every. Single. Thing.

That includes that customized brick-wall styled TV console that hides those ugly wires. The walk-in wardrobe that attracts gasps from envious visitors, as well as that life-saving air-conditioner that makes the hot season bearable.


Say Goodbye to the $88,000 that you have splashed on your home renovation.


The excluded items are not restricted to the furniture that is nailed down. You cannot rescue your favourite sofa or TV in the event of an emergency simply because you have to save yourself first.

If you think about it, the irony is strong – your Fire Insurance doesn’t protect your possessions from that one thing that it is named after.


FWD Home Insurance – a Policy that actually benefits you


Take a moment to let those facts sink in.
It’s pretty shocking and scary, isn’t it?

Having Fire Insurance only is akin to having coverage on your jewellery box without insuring the diamond ring itself –missing the entire point.

You want to have the financial means to replace your home contents.
You want to be able to afford renovation work if your house is burnt down.
You want to have a place to stay and store your undamaged belongings while your home is restored to its former glory.

With little surprise, FWD Home Insurance covers all of the above.
Now you have the assurance that you shall not be left stranded after your home has been ravaged by fire or other insured peril. Speaking of which, loss due to theft (which is not covered under Fire Insurance) is included in FWD Home Insurance, which is a plus point.

Is your rental income affected by the fire?
How about the maintenance charges for your home?
Amazingly, these fringe benefits are included in the package.

As you can see clearly, a Home Insurance looks out for you and your family whereas a Fire Insurance benefits mainly HDB/Building Management.
Your decision to buy has just become rather simple.


When it comes to your home, every detail matters


An exquisite design does not turn a house into a home.
The DIY painting on the wardrobe, the height measurement markings of the kids on the wall and the fond memories of cuddling up to your partner on the giant beanbag are what makes the difference. These minor yet familiar personal touches are surprisingly important.

That is why a reliable Home Insurance is vital.
It has to be omnipresent.
And it has to cover everyone in the household.

When we talk about everyone, we really mean everyone.  With FWD Home Insurance, you have the option of insuring your beloved canine buddy. It is really an awesome add-on for those who consider their animal friends as part of the family.


Hooman, waddya need to save a few dollars for, you tightwad!


If there was one thing that we learnt from the recent Shield Plan saga, is that people get riled up when you make them pay during a time of need.

The concept of “a friend in need is a friend indeed’ is very much applicable here. This is where FWD really shines– not having to pay any excess during a traumatic period.

We usually call our insurers when really terrible things happen. Not anymore.
Just like a family member who you can contact for minor assistance, FWD has a line open for you whenever you require electrical, plumbing, locksmithing and air-conditioning services.

Be it during peacetime or extreme hardship, you can seek help from your insurer.
It can’t get any more reliable than this.


Make your house a true home


A home is a house but a house may not be a home.

A house is merely a place that you stay in while a home is a safe haven to seek refuge at. That makes your home a place that is definitely worth protecting.

No one can guarantee that your home will not be damaged. However, having home insurance allows you the capability to restore it to its former glory.

FWD Home Insurance gives you that assurance.
As a direct insurance company, FWD keeps its premium competitive so that you can benefit most from the cost-saving.
You can check the premium prices and purchase the plan at

Simple. Reliable. Direct.
That is the way you want your home insurance to be.
Wait no further and fix your home coverage gap with FWD Home Insurance. aims to eradicate the knowledge gap between consumers and Life Insurance. Our Vision is that one day, every Man, Woman, and Child will be properly insured.

All the mentioned benefits of FWD Home Insurance are subject to policy limits. Customize the Sum Insured of your Home Insurance in just seconds at

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