What do you need to consider when you purchase a home insurance in Singapore?
The house is undoubtedly the most important asset for any person as it protects the entire family. It offers shade & a safe place for your family to live in. but still many seem to ignore the essential Home Insurance to protect themselves financially.
About Home Content Insurance
Purchase a comprehensive insurance to cover your home & its belongings from a reputed company. Some homeowners consider such insurance policies to be a complicated subject & hence avoid it. They think that taking home insurance will only be waste of precious money as nothing will happen. But it will be a wise decision taken to cover your home unwanted incidents like fire & flood, etc. There can be other issues which may destroy your home like pest infestation, water leak, etc. Moreover, home insurance is available easily & requires very less premium amount. In case of unwanted events like an accident or fire, you will save thousands of dollars.
Proper coverage
Do ensure to protect your home properly with adequate insurance Fire Insurance coverage. Having comprehensive coverage will ensure that your furniture, home contents & building is covered.
Tips to select the appropriate insurance for your home
Going through the below tips can help you simplify the selection process.
- Understand your specific needs: You can discuss with an experienced & certified agent to understand your home insurance requirements. The major three benefits to derive from such insurance are renovation, EHA (Emergency Home Assistance) & building protection.
- Budget: Building a house does take lots of time & good amounts of money. But destruction can happen within minutes. With valid insurance, you can save huge in case of unforeseen events. For effective insurance calculation, consider home rebuilding costs. Also, consider what is desired to be insured & duration. Premium will be determined by tenure & coverage. You can opt for a short or long policy term depending on your budget.
- Options to look into:
- Insurer reputation: Check credit ratings & reviews from existing & past customers. It should boast of having good ratings.
- Customer service model: The customer service personnel employed by the company should be proactive to answer queries promptly. Also, the information should be transparent, clear & quick.
- Claims process: It should be easy & fast. Compare with different companies and check out claims reviews put on social media channels & forums. This way, you can understand your needs & make the right choice.
