Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise

Singaporeans experience a growing number of residential fires each year, with total fires increasing 3% in 2025 compared to 2024. Among the most common causes are unattended cooking and electrical faults. To protect their homes, Allianz Insurance Singapore urges owners to review their insurance plans and ensure they cover the full value of what is inside their homes.

For HDB flat owners, the compulsory HDB Fire Insurance Scheme offers coverage for the cost of rebuilding internal structures, fixtures, and fittings. However, this scheme does not extend to renovation costs, personal belongings, alternative accommodation, or personal liability. Homeowners seeking additional protection can turn to Allianz Home Protect, a comprehensive policy that covers loss or damage to home contents and personal belongings from fire, water damage, theft, and other perils.

The plan also provides for alternative accommodation and covers renovations up to S$150,000, with home contents insured up to S$100,000. Optional add-ons can further extend coverage. Additional worldwide personal liability coverage of up to S$2,000,000 is also included. Plans begin at S$8.18 per month, inclusive of 9% GST. For peace of mind, homeowners are also covered for worldwide personal liability up to S$2,000,000 if their property damages others.

Allianz Home Protect plans start at S$8.18 per month, inclusive of 9% GST. For more information, visit https://www.allianz.sg/individual-solutions/allianz-home-protect.html. Coverage is subject to the policy's terms, conditions, and exclusions, as outlined in the Policy Wording. This advertisement is not reviewed by the Monetary Authority of Singapore.