Here, let’s discuss about the home insurance in general, its coverage and some of the aspects that you must know prior to purchasing a home insurance.
Home content coverage.
It is impossible to live in a house without any content. To make your life easier and more comfortable, you will have appliances such as a washing machine, a microwave, a refrigerator, a computer, a laptop and/or a TV.
In general, a home insurance in Singapore will cover your home contents in case of a loss or damage due to an accident. It does not matter if the belongings belong to you, your wife, your children or even your domestic helpers. When things get damaged due to an accident, there may be protected by the home insurance. However, certain valuables such as certificates, securities and pets are not usually covered by the plan.
Personal liability coverage
What is considered as personal liability is when you are deemed legally responsible for something unfortunate that happen within your home premise. For example, when an invited guest accidently slips in the bathroom and he/she has a broken bone. You, as the owner of the house, may be held responsible for this accident. This is when the home insurance comes into play, where the associated expenses may be covered by your home insurance provider.
Personal liability coverage is also extremely useful for tenant who is renting a house. If you rent a house and you accidentally break a possession, such as a lamp that belongs to your landlord, you will have to be responsible and pay for it. With a personal liability coverage, you would be covered if such accident happens.
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