The HDB Fire Insurance Scheme was introduced to help relieve flat owners of the financial burden of repair work in the unfortunate event of a fire.
The HDB Fire Insurance covers the cost of reinstating damaged internal structures, fixtures, as well as areas built and provided by HDB caused by fire and extraneous perils. It does not include home contents such as furniture, renovations and personal belongings.
The appointed insurer (from 16 Aug 2019) for the HDB Fire Insurance Scheme is FWD Singapore Pte Ltd and the insurance is valid for a 5-year period, renewal is done once every 5 years.
Find out more.