jumpthepig
Arch-Supremacy Member
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- Feb 27, 2015
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In HDB, cost of gross structural repairs and replacement will be born by HDB. Homeowners only need worry about cosmetic rectifications IMO. (this is the fire insurance) Content coverage is additional.
In Condos and maybe strata landed, the MCST will play the role of the HDB. Whether or not they actually have adequate coverage is another thing. Here the homeowner's fire insurance coverage is for localized in-unit damage just like HDB. Content coverage is additional.
For private landed, the homeowner bears everything. There is reconstruction coverage for the bare structure, which is roughly equivalent to fire insurance in a flat or condo. Content coverage is additional.
PC and Landed - they should take care of themselves…
有钱人的 命很贵