Etiqa Insurance policies is The present appointed insurer for your mandatory HDB Fire Coverage plan from August sixteen, 2024, to August 15, 2029. This compulsory plan, expected for all HDB flat entrepreneurs with An impressive HDB bank loan, covers the cost of reinstating The inner framework, fixtures, and fittings initially provided by HDB. The rates are compensated for the five-calendar year interval and fluctuate by flat variety, using a 4-home flat costing S£4.59 with a sum insured of S£117,000, in addition to a five-space flat at S£5.forty three using a sum insured of S£a hundred and forty four,800. This simple fire coverage won't protect individual possessions, renovations, or household contents. For more comprehensive protection, Etiqa offers more info a different Tiq Property Insurance policy policy, which may be obtained to enrich The fundamental strategy. This plan addresses renovations as much as S£1 million, residence contents up to S£150,000, and features characteristics like 24/7 crisis help and private authorized legal responsibility.