Has anyone else in this forum recently received a letter from AIG, marketing the below Enhanced Public Housing insurance?
I did receive one out of the blue and was wondering if it was worth it; which housing insurance do you guys use and is there a better alternative that I can consider?
Five-room
Enhanced Public Housing Contents Insurance (EPHCI)Basic cover for your home contents and renovations. | Public Housing Protection Plan (PHPP)Building and contents cover, with added protection. | |
| Total sum insured | Up to S$667,200 | Over S$680,000 |
Annual premium
(includes 7% GST) | S$70.62 | S$107.00 |
| Benefits | | |
(New) Bill Relief Protector
Covers your utilities bill in unforeseen events including retrenchments | Up to S$1,200 | Up to S$1,200 |
| Household contents | Up to S$150,000 | Up to S$40,000 |
| Building | Up to S$76,000 | Up to S$200,000 |
Personal liability
For you and your immediate family. | Up to S$400,000
within Singapore | Up to S$500,000
worldwide |
Personal accident
For you and your spouse aged 65 years and below. | Up to S$20,000 | Up to S$30,000 each |
Alternative accommodation
If your home becomes uninhabitable due to insured perils. | Up to S$20,000 | Up to S$6,000 |
| Household contents at temporary premises | - | Up to S$6,000 |
| Replacement of locks and keys | - | Up to S$250 |
Medical expenses
For you and your spouse aged 65 years and below. | - | Up to S$1,000 each |
| (Optional) Add additional household contents cover | - | Increase per S$10,000 sum insured, up to S$100,000 |
