PGI Property Insurance 2

Question 1

What is the 'renovation insurance' or 'home renovation protection plan' in Singapore?

Accepted Answer

Insurance covering renovation work against damage, third-party liability during renovation, and protecting the homeowner's newly installed fixtures

Answer

Insurance for renovation contractors

Answer

Insurance that pays for renovations

Answer

Insurance for interior designers

Question 2

Does home insurance cover water damage from a burst pipe in Singapore?

Accepted Answer

Typically covered under accidental damage or water damage peril in most comprehensive home insurance policies

Answer

Never covered

Answer

Only if the pipe was installed by a licensed plumber

Answer

Only for HDB flats

Question 3

What is the landlord's insurance available in Singapore?

Accepted Answer

Insurance for property owners who rent out their property, covering building structure, rental income loss, tenant-related risks, and landlord liability

Answer

Insurance for the tenant

Answer

Insurance for HDB upgrading

Answer

Insurance for property agents

Question 4

What is a 'portable all-risks' policy commonly added to Singapore home insurance?

Accepted Answer

Coverage for valuable personal items (laptops, cameras, jewellery) that are carried outside the home against accidental loss or damage anywhere

Answer

Insurance for portable buildings

Answer

A travel insurance add-on

Answer

Insurance for mobile phones only

Question 5

How does the claims process work for home insurance in Singapore?

Accepted Answer

Notify the insurer as soon as possible, document the damage with photos, complete a claim form, provide supporting documents (receipts, police report if theft), and await assessment

Answer

Call the police first for all claims

Answer

Only the housing agent can file claims

Answer

Claims must be filed within 24 hours

Question 6

What does 'domestic helper insurance' cover in Singapore?

Accepted Answer

Coverage for the employer's liability for the domestic worker's medical expenses, personal accident, and repatriation as required by MOM regulations

Answer

Insurance for the helper's belongings

Answer

Insurance against the helper quitting

Answer

Health insurance for the employer