Etiqa Insurance coverage is The existing appointed insurance provider to the necessary HDB Fire Insurance coverage scheme from August sixteen, 2024, to August fifteen, 2029. This compulsory policy, demanded for all HDB flat entrepreneurs with An impressive HDB bank loan, covers the cost of reinstating The inner framework, fixtures, and fittings originally provided by HDB. The rates are paid out for any five-calendar year period of time and differ by flat kind, with a four-area flat costing S$4.fifty nine that has a sum insured of S$117,000, as well as a five-place flat at S$5.forty three that has a sum insured of S$a hundred and forty four,800. This primary hearth insurance coverage would not deal with private belongings, click here renovations, or household contents. For more comprehensive protection, Etiqa offers a different Tiq Property Insurance coverage plan, which may be bought to enrich The fundamental plan. This coverage covers renovations nearly S$1 million, home contents as many as S$a hundred and fifty,000, and contains features like 24/seven emergency guidance and personal lawful liability.