How much does basic HDB fire insurance cost for different flat types?

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HDB Fire Insurance Premiums Vary by Flat Type, Ranging from S$1.11 to S$6.68 for a Five-Year Term

The HDB Fire Insurance Scheme, with Etiqa Insurance Singapore appointed as the insurer effective August 16, 2024, offers basic fire coverage for all sold HDB flats. The cost of this insurance is structured based on the flat type, with premiums designed to be affordable. Over a five-year policy term, the cost ranges from a low of S$1.11 for a one-room unit to a high of S$6.68 for executive or multi-generation flats. This scheme aims to provide a foundational level of financial protection against fire damage to internal structures and fixtures provided by HDB.
One-Room and Community Care Apartments Cost S$1.11 for Five Years

For the smallest HDB unit types, specifically 1-Room or Community Care Apartments, the premium for a five-year HDB Fire Insurance Scheme policy is S$1.11. This coverage provides a Sum Insured of S$37,900, intended to cover essential repairs and reinstatement of HDB-provided internal structures and fittings in the event of a fire.
Two-Room and Studio Apartments Have a Premium of S$1.99

Owners of 2-Room, 2-Room Flexi, or Studio Apartments will pay S$1.99 for a five-year term under the HDB Fire Insurance Scheme. The corresponding Sum Insured for these flat types is S$57,000, offering a higher level of protection aligned with the size and typical value of these residences.
Three-Room Flats are Insured for S$3.27 Over Five Years

A five-year policy for a 3-Room HDB flat under the scheme costs S$3.27. This premium secures a Sum Insured of S$83,300, reflecting the increased coverage needed for larger living spaces and their internal components.
Four-Room and S1 Flats Require a S$4.59 Premium

For a 4-Room flat or an S1 type flat, the HDB Fire Insurance Scheme premium for a five-year period is S$4.59. The associated Sum Insured for these units stands at S$117,000, providing substantial financial backing for fire damage reinstatement.
Five-Room, S2, and 3Gen Flats Cost S$5.43 for Five Years

Owners of 5-Room, S2, or 3Gen flats will incur a premium of S$5.43 for a five-year HDB fire insurance policy. This level of coverage comes with a Sum Insured of S$144,800, catering to the larger floor areas and associated HDB fixtures within these homes.
Executive and Multi-Generation Flats Have the Highest Premium at S$6.68

The most comprehensive basic fire insurance coverage within the HDB scheme is for Executive or Multi-Generation flats, with a five-year premium set at S$6.68. This highest tier offers a Sum Insured of S$176,700, appropriate for the largest HDB flat configurations.

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How much does basic HDB fire insurance cost for different flat types?

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