Etiqa Insurance coverage is The existing appointed insurance provider for that obligatory HDB Hearth Insurance coverage plan from August sixteen, 2024, to August 15, 2029. This compulsory plan, demanded for all HDB flat entrepreneurs with An excellent HDB mortgage, covers the expense of reinstating The interior construction, fixtures, and fittings originally furnished by HDB. The premiums are paid for a 5-yr period and change by flat form, by using a 4-home flat costing S£4.59 having a sum insured of S£117,000, in addition to a five-space flat at S£5.43 having a sum insured of S£one hundred forty four,800. This fundamental fireplace insurance policies will not cover own belongings, renovations, or house contents. For additional extensive coverage, Etiqa provides a independent Tiq Dwelling Insurance plan policy, that may be acquired to complement The essential program. This policy addresses website renovations as much as S£1 million, residence contents up to S£150,000, and incorporates functions like 24/seven unexpected emergency assistance and private legal legal responsibility.