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Your home is more than just a roof over your head – it’s a place you have spent considerable time, effort and money doing up. And when it comes to the things that make your house a home, you can have peace of mind with HomeSurance Classic. With a choice of three levels of comprehensive coverage each at an affordable premium, HomeSurance Classic is the convenient, inexpensive way to protect the things you cherish most.
- “All Risks” coverage
Protect your valuables and your family at home from hazards such as theft, riot, malicious act, lightning, thunderbolt, explosion, collision, or impact from falling tree branches or vehicles. HomeSurance Classic is designed to protect all that you treasure at home.
- Personal liability
HomeSurance Classic indemnifies you should you be liable to pay compensation for bodily injury or damage to property up to S$1,000,000. Examples include falling flower pots from your property, slippery floors and accidental breakage of your neighbour’s property or valuables.
- Ease of application
You need not go through the inconvenience of itemising your possessions at the point of application. These include everything from jewellery and silverware to fine art and coin collections. The insurable items (with the exception of clothing, linen, wallpaper, floor coverings and pedal cycles) will be settled on a “new for old” basis.
Coverage |
New replacement cost/insured limits: |
Interior decoration/ refurbishment protection coverage |
15% of sum insured or up to S$20,000, whichever is higher |
Household removal coverage |
15% of sum insured |
Temporary furniture 15% depositories coverage |
15% of sum insured or up to S$20,000, whichever is higher |
Property temporarily removed coverage |
15% of sum insured or up to S$20,000, whichever is higher |
Alternative accommodation and/or rent coverage |
7.5% of sum insured or up to S$20,000, whichever is higher |
Locks and keys coverage |
Up to S$1,000 |
Money coverage |
Up to S$1,000 |
Credit cards coverage |
Up to S$1,500 |
Replacement of personal documents coverage |
Up to S$1,500 |
Frozen food coverage |
Up to S$500 |
Damage to external TV/radio antenna coverage |
Up to S$250 |
Home alteration coverage |
Up to S$10,000 |
Damage to doors or windows coverage |
Up to S$10,000 |
Accidental death of pedigree pet coverage |
Up to S$500 for any one accident |
Removal of debris coverage |
Up to S$3,500 |
Personal liabilities coverage |
S$1,000,000 |
Personal accident protection coverage |
S$10,000 per person |
- An excess of S$50 is applicable for all claims arising from accidental damage.
- Valuables are covered for up to 35% of the main coverage limit.
- Each item, pair or set of valuables is subject to a maximum claim of 3.5% of sum insured or S$7,500, whichever is lower.
- Each item, pair or set of non-valuables is subject to a maximum claim of 15% of sum
insured.
- Personal injury to family members benefit will only be payable due to an accident
occurring before the benefit expires.
:
- Q. Who is eligible for HomeSurance Classic?
A. Anyone above the age of 21 years old may apply.
- Q. May I apply even though I am not a citizen or Permanent Resident of Singapore?
A. Yes, so long as the property to be insured is located in Singapore.
- Q. When will the insurance coverage commence?
A. All policies shall become effective upon approval of your application and receipt of your premium payment.
- Q. Do I need home contents insurance if I have a Fire or Mortgage Insurance Policy?
A. While most residential properties are protected by fire and mortgage insurance, it is important to note that these policies usually do not cover the home possessions within.
- Q. Will I be penalised during a claim if I do not insure the full value of my household contents?
A. You will be reimbursed up to the limit under the plan that you have selected.
- Q. What is accidental damage?
A. Any loss or damage arising out of any sudden unexpected and fortuitous event unless otherwise specifically excluded. Examples of accidental damage include fire, theft, water damage and soot damage.
- Q. In the event that I accidentally damage my neighbour’s property during the course of renovating my house, would my HomeSurance Classic policy pay for the damage and repair costs incurred by my neighbour?
A. Yes, it will indemnify you in respect of your various liabilities under the Personal Liability Coverage section of the policy.
- Q. What are the standard excluded risks?
A. The policy does not cover for theft or burglary if the home is unoccupied or leased out; misplacement and/or mere unexplained disappearance of insured articles; and loss or damage from radioactive contamination. Please refer to policy document for a detailed list of exclusion.
Call (65) 6225 6111.
Important notes
HomeSurance Classic is underwritten by HSBC Insurance (Singapore) Pte. Limited, 10 Eunos Road 8, #11-01 Singapore Post Centre Singapore 408600. Company registration no. 195400150N.
This webpage contains only general information. The specific terms, exclusions and conditions applicable to this insurance are described in the Policy which will only be issued upon acceptance of the Proposal Form. A copy of the Policy is available for inspection at HSBC Insurance (Singapore) Pte. Limited. A person interested in this product should consider whether the product is suitable before making a commitment to purchase the product.
HSBC Insurance (Singapore) Pte. Limited’s authorised agents or distributors, including The Hongkong and Shanghai Banking Corporation Limited (together “the Agents”) are neither the underwriter nor broker for the customer. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this webpage. Under no circumstances, including, but not limited to negligence, shall the Agents or any party involved in creating, producing or delivering the webpage be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this webpage, even if the Agents have been advised of the possibility of such damages.
The Agents and/or their employees will receive a commission from HSBC Insurance (Singapore) Pte. Limited in respect of this transaction. The Agents are not suppliers of the products and services and will not accept liability in relation thereto.
Issued by HSBC Insurance (Singapore) Pte. Limited.
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