• AIG Home Insurance

    Owning a home is a life-long dream for individuals. Safeguarding your home and other valuables is an even bigger task. Every home requires enhanced protection in the form of insurance which secures it during emergencies and unforeseen incidents. AIG offers the best home insurance plans, designed to suit the needs of property owners in Singapore, ensuring that policyholders and their families enjoy complete peace of mind.

    AIG Home Insurance Overview

    As one of the largest General Insurance companies in Singapore, AIG Asia Pacific Insurance Pte. Ltd., was established in 1953, with an intent to provide innovative insurance solutions to the local community. AIG provides comprehensive protection plans for both individuals and corporate customers. AIG offers various types of insurance comprising of Home, Auto, Personal Accident, Travel, Professional Liability, Marine Cargo, Employer Liability, and Small Business. AIG’s home insurance plans are very popular amongst Singaporeans and caters to all types of apartment and property types.

    Features of AIG Home Insurance

    A home is a cherished asset that needs to be safeguarded at all times and AIG offers home owners an eclectic array of home insurance plans, providing assured protection to their properties, contents and other valuables. AIG gives customers the option of choosing from seven different home protection plans, depending on the type of property owned and the type of cover required.

    AIG provides different types of covers against the below listed unforeseen incidents or ‘insured perils’.

    • Fire/ Lightning
    • Explosion of domestic appliances
    • Damages due to smoke
    • Earthquake /Storms
    • Bursting / overflowing of water pipes
    • Vehicle Damages
    • Aircraft damages
    • Riots /Strikes / Civil Commotion
    • Break-ins / Theft
    • Floods
    • Spontaneous Combustion

    Enhanced Public Housing Contents Insurance

    Provided along with the mandatory HDB fire insurance, this plan ensures that HDB home owners are able to successfully protect their homes and flats. The protection extended under AIG’s Essential Home Cover safeguards a HDB flat against fire accidents, break-ins, damages during renovations, contents in homes and other personal belongings. Additionally liabilities arising from third party bodily injuries and property damages are also covered under this plan. Policyholders need to pay a nominal premium of about $0.19 per day to secure their HDB properties and also enjoy complimentary building coverage, and other property related benefits of up to $330,000.

    Covers

    Household Contents

    This cover offers protection against damages to household contents including fixtures and fittings of up to $100,000. Any losses incurred due to voluntary house break-ins are also compensated up to $25,000.

    Alternative Accommodation

    If your HBD home becomes uninhabitable due to an unpredicted calamity, then AIG reimburses the cost required for an alternative accommodation up to an amount of $10,000.

    Personal Liability

    AIG provides personal liability coverage of up to $200,000 for policyholders and their immediate families against third party accidental death, bodily injuries and property damages.

    Personal Accident

    For policyholders and their spouses aged 65 years and below, this cover offers accidental death assistance of up to $10,000.

    Building

    This is an additional benefit which can be taken by policyholders for losses and damages to their buildings and the compensation given is up to $92,000, depending on the type of flat insured.

    Homes Advantage

    Personalize your home insurance plan with Home Advantage, which offers the policyholder the flexibility of choosing the individuals who need to be included, what to cover and the amount of coverage required. Home advantage comes with attractive benefits and offers along with additional coverage options.

    Standard Covers

    Building

    This plan extends to cover losses or damages incurred due to any type of calamity on insured properties up to the sum insured. Up to 20% of the sum insured is given for loss of rent in cases of damages to properties. Legal liability of up to $1,000,000 for landlords to provide compensation to tenants for any accidental bodily injury and damages to property.

    Contents

    This cover offers protection to household furniture, fixtures, fittings, interior decorative components, personal belongings and other valuables belong to the policyholders and their families against any type of risk. Bonus covers can also be included up to $10,000 for theft, replacing household appliances and other related medical expenses.

    Plus Coverage

    Worldwide Personal Effects

    Loss or damages to personal effects carried on or worn by a policyholder while traveling are insured by AIG.

    Worldwide Identity Fraud

    This cover protects against monetary losses incurred due to theft of personal credentials over the internet or while travelling. This cover also compensates legal costs, loss of wages and other related expenditure of up to $10,000 for resolving identity fraud issues in Singapore.

    Multi-Appliances Extended Warranty

    Household appliances and equipment (aged below 5 years) can be insured against mechanical and electrical breakdowns with the Multi-Appliances Extended Warranty for repairs up to $2000.

    Domestic Servants

    This cover offers protection against legal liability of up to $10,000 to domestic maids against accidental injuries or diseases occurring during the employment tenure.

    Tenant’s Liability

    All legal liabilities for tenants to landlords are covered up to an amount of $100,000.

    Bicycle

    Covers loss or damages to a policyholder’s bicycle of up to $1000 due to theft occurring outside the insured premises.

    Complimentary Covers

    Alternative Accommodation

    When a policyholder’s home becomes uninhabitable due to loss or damages to the building, AIG compensates the cost of alternative accommodation required.

    Worldwide Personal Liability

    AIG provides 24/7 worldwide personal liability protection to policyholders and their families against third party bodily injury claims and damages to third party properties up to $1,000,000.

    Homes Advantage Package

    AIG offers a comprehensive home contents protection plan under the Home Advantage Package with extensive benefits, theft cover, high coverage limits for unscheduled household items of up to $10,000 per item and worldwide personal liability cover while the policyholder and his family are travelling. AIG also provides the First loss Policy for this plan and policyholders need not be worried about being penalized for under-insurance. Full theft protection is included under this insurance plan for house break-ins.

    The Home Advantage Package is provided as three plans namely - Classic, Superior and Premier.

    Annual Premium

    Classic

    Superior

    Premier

    $199.82

    $285.42

    $394.56

    Standard Covers

    Buildings

    Loss or damages to building due to any type of insured peril are covered along with a compensation of 20% of the sum insured for loss of rent, if the insured premises becomes uninhabitable. Also covers legal claims made by tenants against landlords for accidental bodily injuries or property damages.

    Household Contents

    This cover offers protection against damages to household contents including fixtures, fittings, personal belongings and other valuables with a coverage limit of $10,000 per unscheduled item.

    Worldwide Personal Effects

    Loss or damages to personal effects carried on or worn by policyholders and their families while traveling are insured by AIG. Additional benefits include medical expenses cover up to $1000 and monetary loss or damages suffered due to an ATM assault up to $1000.

    Complimentary Covers

    Worldwide Personal Liability

    AIG provides worldwide personal liability protection to policyholders and their families against third party bodily injury claims and damages to third party properties up to $1,000,000.

    Alternative Accommodation

    When a policyholder’s home becomes uninhabitable due to loss or damages to the building, AIG compensates the cost of alternative accommodation required.

    Optional Covers

    Worldwide Identity Fraud

    This cover protects against monetary losses incurred due to theft of personal credentials of up to $10,000. This cover also compensates legal costs, loss of wages and other related expenditure of up to $20,000 for resolving identity fraud issues in Singapore.

    Multi-Appliances Extended Warranty

    Household appliances and kitchen equipment can be protected against mechanical and electrical breakdowns with the Multi-Appliances Extended Warranty for repairs up to $2000.

    Tenant’s Liability

    All legal liabilities for tenants to landlords are covered up to an amount of $100,000.

    Bicycle

    Covers loss or damages to a policyholder’s bicycle for up to $1000 due to theft occurring outside the insured premises.

    Homes Complete

    Homes Complete is a one-of-a-kind insurance plan which not only protects homes but also provides security against cybercrimes with regards to the policyholder’s personal identity. This plan can be availed for any type of property with a monthly premium of $13 totaling up to a coverage worth $369,000.

    Covers

    Household Contents

    This cover offers protection against losses or damages to household contents including fixtures, fittings, personal effects and other valuables belonging to the policyholders and their families for up to $100,000.

    Alternative Accommodation

    When a policyholder’s home becomes uninhabitable due to loss or damages to the building, AIG compensates the cost of alternative accommodation for 90 days and up to $10,000.

    Worldwide Identity Fraud

    This cover extends protection against monetary losses incurred due to theft of personal credentials for up to $5000 for every occurrence. It also compensates legal costs, loss of wages and other related expenditure for up to $10,000 for resolving identity fraud issues in Singapore.

    Worldwide ATM Assault and Personal Effects

    Loss or damages suffered by policyholders and their families due to an ATM assault is covered up to $1000 for every occurrence. Additionally loss or damages to personal effects and identity documents up to $2000 per occurrence and a medical expense cover of up to $1000 is also provided.

    Worldwide Personal Liability

    AIG provides worldwide personal liability protection to policyholders and their families against third party bodily injury claims and damages to third party properties including legal expenses in Singapore up to $200,000.

    Worldwide Personal Accident

    AIG provides complimentary accidental death coverage of up to $20,000 each, for the policyholder and his spouse aged below 65 years.

    HomePlus

    Offering protection to all types of household contents and renovated items, the HomePlus plan secures homes against damages against unexpected risks and mishaps. This plan can be taken for all types of properties and is available in two variants - Silver Plus and Gold Plus.

    Covers

    Household Contents

    Covers losses and damages to household fixtures, fittings, renovated items and other personal effects due to theft or burglary or any insured peril.

    Alternative Accommodation

    When a policyholder’s home becomes uninhabitable due to loss or damages to the building, AIG compensates the cost of alternative accommodation up to $10,000 for Silver Plus customers and up to $20,000 for Gold Plus customers.

    Third Party Liability with the Insured Premise

    Covers third party liability for accidental bodily injuries or property damages including legal costs in Singapore.

    Multi-Appliances Extended Warranty

    Provides extended warranty for home appliances aged between 1 to 5 years with a repair limit of $200 per item. Silver Plus and Gold Plus customers can get up to $1000 for 3 items and 6 items respectively.

    Robbery of Personal Effects

    Worldwide coverage for a policyholder’s personal effects lost during a robbery.

    Loss and Unauthorised usage of Cash Disbursement/Credit Cards

    This cover protects against any monetary loss due to unauthorized usage of cash or credit cards. Silver Plus and Gold Plus customers can get up to $500 and $1000 respectively.

    Worldwide Accidental Death Benefits

    Policyholders and their families are entitled to worldwide personal accidental death benefits. Adults must be aged below 66 years and children should be between the ages of 1 to 21 years to be eligible for this cover.

    Worldwide Accidental Medical Reimbursement

    AIG provides 24/7 accidental medical reimbursement for policyholders and their families worldwide. Silver Plus and Gold Plus customers can get up to $500 and $1000 respectively.

    Exclusions

    • Accidental death of aircrew, armed forces personnel, sailors, policemen and divers during the course of employment.
    • Injuries arising from diseases or sickness are also not covered.
    • Household Contents does not include financial documents like deeds, bonds, bills of exchange, manuscripts, cash, currency notes, motor vehicles/accessories, medals, coins, business books, livestock, computer records and books of accounts.
    • Multi-Appliances Extended Warranty does not include appliances that are still under a valid manufacturer’s warranty or any other type of warranty.

    Premier Home Assurance

    Premier Home Assurance offers the added advantage of personal protection for policyholders and their families along with a unique home insurance plan. AIG provides round-the-clock protection for a policyholder’s home, renovation works, family and even the family’s pet for a nominal premium of $0.65 per day. Customers can choose from three different plans namely - Plan A, Plan B and Plan C.

    Annual Premium

    Plan A

    Plan B

    Plan C

    $238

    $325

    $437

    Basic Covers

    Basic Covers

    Plan A

    Plan B

    Plan C

    Household fittings & Fixtures, Renovated Items

    Up to $100,000

    Up to $150,000

    Up to $200,000

    Household Contents

    Up to $30,000

    Up to $40,000

    Up to $50,000

    Alternative Accommodation

    Up to $4,000

    Up to $5,000

    Up to $6,000

    Accidental Fixed Glass Breakage

    Up to $1,000

    Replacement of keys and locks in cases of theft

    Up to $250

    Accidental death of pedigree pet

    Up to $500

    Extended Covers

    Worldwide Personal Accident Cover

    AIG provides 24/7 worldwide personal accident cover for policyholders and their families.

    Worldwide Personal Liability Cover

    Policyholders and their families are protected 24/7 against third party bodily injury or property damage claims with the worldwide personal liability coverage.

    Worldwide Medical Reimbursement Cover

    AIG reimburses any inpatient or outpatient medical expenses incurred due to accidental injuries.

    Additional covers

    Household Contents

    $32.10 for every additional $10,000 insured.

    Building

    $64.20 for every additional $100,000 insured.

    Public Housing Protection Plan

    Protect your home from unforeseen incidents, fire accidents, theft and other damages by insuring your property with the affordable Public Housing Protection plan. Policyholders need to pay a sum of $0.15 per day and can avail protection for their homes for more than $680,000.

    Annual Premium

    3 Room Apartment & Below

    $54

    4 Room Apartment

    $81

    5 Room Apartment

    $107

    Executive Apartment

    $134

    Covers

    Building

    This cover protects against loss or damages to buildings, fixtures, fittings and renovated items occurring due to any type of insured peril.

    Type

    Coverage

    3 Room Apartment & Below

    Up to

    $100,000

    4 Room Apartment

    Up to

    $150,000

    5 Room Apartment

    Up to

    $200,000

    Executive Apartment

    Up to

    $200,000

    Replacement of Locks and Keys due to Theft

    AIG compensates the cost involved in replacing keys and locks damaged due to theft incidents up to an amount of $250.

    Alternative Accommodation Expenses

    When a policyholder’s home becomes uninhabitable due to damages caused by any insured peril, AIG compensates the cost of alternative accommodation.

    Type

    Coverage

    3 Room Apartment & Below

    Up to

    $3,000

    4 Room Apartment

    Up to

    $4,500

    5 Room Apartment

    Up to

    $6,000

    Executive Apartment

    Up to

    $7,500

    Personal Accident for the Insured and Spouse

    AIG offers 24/7 personal accident coverage for the policyholder and his spouse aged below 66 years for up to $30,000 each.

    Medical Expenses for the Insured and Spouse

    Policyholders and their spouses aged below 66 years, can enjoy worldwide medical reimbursement as inpatients or outpatients for accidental injuries. The coverage amount offered is up to $30,000 for each individual.

    Worldwide Personal Liability

    Worldwide personal liability cover is offered up to $500,000 for the policyholder and his family against third party bodily injury or third party property damage claims.

    Optional Covers

    Household Contents

    Household contents are insured against damages due to any type of insured peril.

    Type

    Coverage

    3 Room Apartment & Below

    Up to

    $20,000

    4 Room Apartment

    Up to

    $30,000

    5 Room Apartment

    Up to

    $4-,000

    Executive Apartment

    Up to

    $50,000

    Compare AIG Home Insurance With Other Insurance Companies Offering Home Insurance in Singapore

    FAQs for AIG home insurance

    1. Can private apartment owners buy Enhanced Public Housing Contents Insurance?

      Enhanced Public Housing Contents Insurance can only be availed by HDB flat owners.

    2. Do customers need to itemise home contents which have to be insured?

      No, household items need not be itemized under the Homes Advantage Package plan as AIG provides coverage limits up to $10,000 per item.

    3. What kind of identity documents can be included under the Homes Complete plan
      • Identity cards
      • Passports
      • Employment passes
      • Immigration permits
      • Driver’s license
      • Birth certificates
      • Other Identity documents approved and authorized by the Government of Singapore.
    4. Are there any excesses or deductibles included under the HomePlus plan?

      he HomePlus plan included a nominal excess of $200 for damages caused by burst water pipes in homes and an excess of $100 for each theft claim.

    5. Can customers pay additional premiums to increase the insured sum amounts under the Premier Home Assurance insurance plan?

      Yes, customers can opt for additional building coverage at a sum of $64.20 per year for every $100,000 and household contents coverage at a sum of $32.10 per year for every $10,000.

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