Debated in Parliament on 24 Sep 2025.
Mr Saktiandi Supaat asked the Minister for National Development whether HDB will review its homeowner insurance coverage to ensure fire-related damages including (i) damage to home contents and (ii) impact of fire damages to neighbouring units are adequately covered.
Under the Housing and Development Board (HDB) Fire Insurance Scheme, flat owners who take a mortgage loan from HDB are required to take up a basic fire insurance policy and maintain it for the full duration of their loan.
The scheme provides basic coverage for the reinstatement cost of the building structures and fixtures provided by HDB in the event of a fire. This relieves flat owners of the financial burden of repair work to their flat should a fire occur.
To keep premiums low and affordable, the policy does not cover home contents or third-party liability. Flat owners who wish to take up additional insurance coverage have the flexibility to do so with an insurer of their choice.
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