Etiqa Insurance is the current appointed insurance provider for the mandatory HDB Fireplace Coverage plan from August 16, 2024, to August fifteen, 2029. This compulsory plan, demanded for all HDB flat entrepreneurs with An excellent HDB loan, addresses the expense of reinstating the internal composition, fixtures, and fittings originally supplied by HDB. The rates are compensated for any 5-year period of time and vary by flat variety, with a 4-place flat costing S$4.59 which has a sum insured of S$117,000, and also a five-room flat at S$5.43 that has a sum insured of S£144,800. This standard fire insurance policies would not include personalized possessions, renovations, or dwelling contents. For more extensive protection, Etiqa provides a separate Tiq Residence Insurance policies get more info plan, that may be purchased to enrich The essential system. This plan addresses renovations approximately S£1 million, property contents approximately S$150,000, and consists of attributes like 24/7 crisis guidance and personal legal liability.