Hi I have a 5-year fire insurance (2007-2011) with HDB for my HDB flat. But my friend told me that the HDB fire insurance only covers the structure, it does not cover furniture, belongings, etc. She said I should buy insurance that covers the flat and contents. So can I just convert my insurance to the higher coverage one? Or I must terminate the existing one first?
Submitted by : Janet Lee
HDB Fire Insurance covers only the building structures, fixtures and fittings provided by HDB. Premium is very low and affordable. There is no need for you to cancel your existing fire policy as you can choose to take up another insurance policy to cover renovation (e.g flooring, wardrobes,cabinets) and household contents (e.g furniture, television). Most insurers provide such covers.
