After a long day, no feeling quite compares to entering your own space after kicking off your shoes and sinking into the comfort of home.
Whether that means curling up on your favorite couch, sipping a perfectly brewed cup of tea or enjoying the hum of the air conditioning, it’s safe to say home is our safe space; our acute sanctuary.
But what if one day the unexpected were to happen?
A water pipe bursts as your bedroom floods, a kitchen fire chars your cabinets, a lightning surge fries your electronics, or worse, a break and enter turns your home upside down.
These are not just distant horror stories in the news, these are real-life situations that happen. And while still plenty of people are under the mistaken impression that their home insurance or HDB fire coverage covers everything, the reality for most Singaporeans is that we are underinsured, and not what you think which is coverage for your nice-to-have contents in your home.
Home content insurance is just what it sounds like, it is insurance that covers your contents at home. We are talking about your furniture, appliances, electronics, personal items, renovations, etc.
If your contents are damaged or your property is lost due to a covered event, like a flood, fire or burglary, home content insurance will help you to recover the values you lost.
Consider how much it would cost to replace everything in your house. The television and laptop, the sofas, your clothing, your art, and everything else you might even forget about, all of that can quickly add up. The total value of home contents typically are about $30,000 to $100,000 on average for most households in Singapore, and even more if you've made renovations or have high-value items.
That's why home content insurance in Singapore isn't just for high-net-worth individuals, it is about managing the risk for every homeowner who created value in their living space from all the money, time, and resources they invest to furnish it.
This is a widely held misconception. HDB Fire Insurance is compulsory for owners of HDB flats and HDB loans, however, it only covers the structure of your flat (or the structural elements); it does not cover your personal possessions at all.
So, if you happen to have a fire in your kitchen, and those cabinets, fridge ,and flooring get ruined, only the structural aspect may be covered, not the everyday things you use to make your kitchen functional.
That is where home content insurance from ECICS comes to cover off that gap! Their Home Contents policy is that critical secondary layer of coverage, and will safely cover your belongings, possessions, furniture, and renovations.
Let’s make this more realistic. Here are some actual situations that home contents insurance could save you. Lightning causes a power surge and ruins your television, router and sound system.
While on vacation a burglar breaks through your kitchen window and takes your electronics and jewellery. A visitor trips over your cord in your living room and injures themselves, which could make you legally liable.
A fire that starts in your home and spreads to your neighbour’s property could leave you legally liable for the damage caused next door.
These are not unique situations. These situations can happen to anyone and can certainly disrupt your life and drain your savings account, unless you have the appropriate insurance.
Today, many of our homes have transformed into more than just dwellings, they are multifunctional offices, gyms, classes, and entertainment hubs, all in one! The investment in our homes continues to rise to make them comfortable and functional.
The average household in Singapore owns thousands of dollars' worth of contents from smart lighting systems to air purifiers, standing desks, and designer furniture! If you have spent years making your space your own, why not protect it?
As the climate continues to change and urban density increases from various factors, risks such as fire, bursting pipes, and water damage, increase. And insurance is not only about recovery, it is often more about peace of mind and confidence.
Why consider ECICS Insurance Singapore?
ECICS is a local insurance company that has been serving Singaporeans for their insurance needs since 1975. They know what it is like to live in an HDB flat or condo, the kinds of renovations people are doing today, and the real concerns of homeowners.
Their home insurance plans are value-for-money, flexible, and easily comprehensible. You can select your sum insured according to the estimated value of your home contents and you can add protection for jewellery, personal electronics, and liability claims.
Unlike generic providers, ECICS offers local claims support with a Singapore-based team and ensures a smooth, guided experience from quotation to claims.
Obtaining coverage through ECICS is a simple process.
1. Visit the official ECICS Home Contents Insurance page.
2. Estimate the total value of your contents—furniture, electronics, built-in cabinets, wardrobe items, and so forth. And if you don’t know, ECICS or the partner agents will work with you on assessing the value.
3. You will request a quote. Many of the ECICS plans will be less per month than your internet bill, and be ten of thousands of dollars worth of coverage.
4. When you’re covered, you won’t have the worry of whether your home and the life you have built in it will be in place all the time.
We all take pride in our homes. Whether it's a shelf you've added to a small corner in your home or the big-ticket home renovations, every item signifies time, money, and little aspects of who we are.
Don't wait for the catastrophe to happen and realize how much you stand to lose. ECICS home content insurance provides you the peace of mind in the event that the unexpected happens, that you are not alone, and you are not alone.
Protect your space; protect your lifestyle; protect your peace of mind.