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FWD Home Insurance provides customisable coverage for both homeowners and renters. For homeowners who are also landlords, you can insure your house against tenant disputes and rent default. Similarly, tenants can also protect themselves against financial loss if they accidentally damage their landlord’s property.
Learn about plan features, benefits and various add-ons in this review.
The FWD Home Insurance plan is a customisable plan that provides homeowners and tenants financial protection for their accommodation. It covers building damages, renovations and repairs, and the contents of your home.
The plan has several benefits, including a zero excess clause that does not charge for claims due to burst pipes or fire and home assistance service coverage of $100. There are also additional riders that include pet-friendly options.
FWD Home Insurance Scheme offers coverage for HDB, Condominium and Landed Property owners and tenants. Here is a general overview of the plan features.
FWD Home Insurance has different coverage depending on your housing type. Here is a general overview:
| Benefits from insured event | Maximum benefit limits per event | ||
|---|---|---|---|
| HDB | Condo | Landed | |
| Loss or damage to home contents, including debris removal cost *Note: Refer to policy document for sublimits and exclusions | $20,000 to $100,000 | ||
| Loss or damage to renovations, including debris removal cost | $20,000 to $100,00 | ||
| Loss or damage to the building including professional fees and debris removal cost |
| $20,000 to $100,000 | $200,000 to $1,000,000 |
| Alternative accommodation expenses and the cost of storing home contents *Note: Up to $300 per day |
| ||
| Incidental expenses arising directly from the loss of use of your home, conservancy charges and the cost to replenish firefighting appliances kept in your home |
| ||
*Note: Information provided is accurate as of 22 June 2022.
FWD Home Insurance offers the following add-ons to enhance your coverage:
Compensation for claims arising from an insured event:
| Benefits from insured event | Maximum benefit limits per event |
|---|---|
| Loss or death of your pet | One-time payment of $1,000, irrespective of the number of pets |
| Expenses for alternative accommodation for your pet | Up to $50 per day for a maximum of $5,000, irrespective of the number of pets |
| Medical expenses incurred for injuries that your pet sustained | Up to $1,000, irrespective of the number of pets |
*Note: Information provided is accurate as of 22 June 2022.
Compensation for claims arising from an insured event:
| Benefits from insured event | Maximum benefit limits per event |
|---|---|
| Death or permanent disability of family member | $20,000 per household member, for a maximum of $100,000 per household |
| Medical expenses incurred for injuries that you or your family sustained | Up to $5,000 per household |
| Cost to modify your home to help you move around following an injury | Up to $5,000 per household |
*Note: Information provided is accurate as of 22 June 2022.
Premium rates for FWD Home Insurance are dependable on various factors, including housing types, number of bedrooms, and add-ons.
To get a quotation, simply contact FWD Insurance through:
FWD Home Insurance will not pay for claims related to:
*The full details of the exclusions are contained in the policy document.
To file a claim on your FWD Home Insurance policy, simply call the claims hotline at +65-6820-8888 or visit the claims portal on FWD’s website.
For claims arising from burglary, fire, malicious damage or vandalism, be sure to report the incident to FWD Insurance within 48 hours. For other incidents, make sure to inform FWD Insurance no later than 30 days from the date of the incident.
To file a claim, you’ll need to submit the following:
FWD Home Insurance is available for anyone residing in Singapore:
Should you need any assistance in your claim, you may contact FWD Insurance through the following options:
When seeking assistance, be sure to have the policyholder’s name and ID/FIN or policy number on hand.
FWD Insurance is the insurance arm of Hongkong-based investment group Pacific Century Group. The Singapore branch began its operations in 2016. FWD Singapore has a wide range of insurance products, including life and medical insurance, general insurance and employee benefits. It aims to introduce straightforward financial products that customers can access digitally to improve their overall experience.
FWD Insurance offers affordable housing insurance coverage for homeowners who are landlords and tenants. Its wide range of benefits and optional add-ons help minimise claim shocks and cover a variety of incidents arising from damage to the house and contents of the house.
However, the plan does not cover the cost of moving home contents. Additionally, home contents apart from furniture, domestic appliances and audiovisual equipment are only protected only up to a maximum sum of $1,000, which may not be sufficient.
Before applying, know that other popular insurers such as Income and MSIG also offer comprehensive home insurance policies in Singapore. So be sure to compare your options before choosing one that’s most suited to your needs.
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MSIG Enhanced HomePlus provides multiple coverage options for your house and the contents within.
Read on to find out how to protect your home with Allianz Assistance Insurance.
