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Frequently Asked Questions - Work Injury Compensation

Frequently Asked Questions

Home insurance is expensive

 

Fact: Home insurance premium is low compared to your property cost. Depending on the coverage, premiums range from $50 to $350 per $100,000. Insurers often bundle a variety of…
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Having the HDB Fire Insurance or policy arranged by my bank is good enough

 

Fact: If you have an outstanding mortgage loan with HDB or any financial institution, you are required to buy fire insurance. However, the cover is very basic as the…
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I use the purchase price of my house to determine the insured value

Fact: The purchase price of your property includes land costs and seller’s profit. Your policy only covers replacement cost, i.e. the cost to rebuild your home. You should engage a…
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All home insurance coverage is the same

Fact: The kind of coverage you get depends on your insurer and policy. There are normally two types of coverage – Insured Perils and All Risks. Regular insured perils are:

…
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