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Compare the Best MSIG Home Insurance Policies in Singapore 2024

Get the best HDB and private MSIG home insurance policies for your needs using MoneySmarts easy to use a comparison calculator Read More
Looking for 1 Year Policy Max Content Coverage: S$300,000
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We found 7 MSIG Home Insurances for you!
Recommended
MSIG HomeEasy - Silver (3-room or smaller HDB - Owner Occupied / Landlord)

Annual Premium

S$62.07

15% OffS$73.03
Online Promo
Includes Personal Cyber coverage

MSIG HomeEasy - Silver (3-room or smaller HDB - Owner Occupied / Landlord)

Building Coverage
N/A
Home Contents and Renovations
S$100,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$73.0315% Off
S$62.07
Online Promo:
Enjoy 15% off on HomeEasy policy premiums. T&Cs apply.
Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG Enhanced HomePlus - Standard

Annual Premium

S$96.79

20% OffS$120.99
MoneySmart Exclusive

MSIG Enhanced HomePlus - Standard

Building Coverage
Optional Add-on
Content Coverage
S$125,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$120.9920% Off
S$96.79

[Receive cash as fast as 30 days*]
  
• Enjoy 20% off your policy premium.
• Get up to S$45 via PayNow with an eligible MSIG Enhanced HomePlus plan purchased.  T&Cs apply.

Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG Enhanced HomePlus - Superior

Annual Premium

S$143.88

20% OffS$179.85
MoneySmart Exclusive

MSIG Enhanced HomePlus - Superior

Building Coverage
Optional Add-on
Content Coverage
S$195,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$179.8520% Off
S$143.88

[Receive cash as fast as 30 days*]
  
• Enjoy 20% off your policy premium.
• Get up to S$45 via PayNow with an eligible MSIG Enhanced HomePlus plan purchased.  T&Cs apply.

Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG HomeEasy - Gold (4-room or bigger HDB - Owner Occupied / Landlord)

Annual Premium

S$106.08

15% OffS$124.81
Online Promo
Includes Personal Cyber coverage

MSIG HomeEasy - Gold (4-room or bigger HDB - Owner Occupied / Landlord)

Building Coverage
N/A
Home Contents and Renovations
S$200,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$124.8115% Off
S$106.08
Online Promo:
Enjoy 15% off on HomeEasy policy premiums. T&Cs apply.
Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG Enhanced HomePlus - Ultimate

Annual Premium

S$190.09

20% OffS$237.62
MoneySmart Exclusive

MSIG Enhanced HomePlus - Ultimate

Building Coverage
Optional Add-on
Content Coverage
S$270,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$237.6220% Off
S$190.09

[Receive cash as fast as 30 days*]
  
• Enjoy 20% off your policy premium.
• Get up to S$45 via PayNow with an eligible MSIG Enhanced HomePlus plan purchased.  T&Cs apply.

Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG HomeEasy - Silver (3-room or smaller HDB - Tenant)

Annual Premium

S$46.32

15% OffS$54.50
Online Promo
Includes Personal Cyber coverage

MSIG HomeEasy - Silver (3-room or smaller HDB - Tenant)

Building Coverage
N/A
Home Contents
S$30,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$54.5015% Off
S$46.32
Online Promo:
Enjoy 15% off on HomeEasy policy premiums. T&Cs apply.
Valid until 31 Dec 2024 - See more details below
Apply Now
More Details
MSIG HomeEasy - Gold (4-room or bigger HDB - Tenant)

Annual Premium

S$74.58

15% OffS$87.75
Online Promo
Includes Personal Cyber coverage

MSIG HomeEasy - Gold (4-room or bigger HDB - Tenant)

Building Coverage
N/A
Home Contents
S$80,000
Worldwide Personal Liability
S$1,000,000
Annual Premium
S$87.7515% Off
S$74.58
Online Promo:
Enjoy 15% off on HomeEasy policy premiums. T&Cs apply.
Valid until 31 Dec 2024 - See more details below
Apply Now
More Details

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Review of MSIG Home Insurance

The MSIG Enhanced HomePlus plans offer comprehensive coverage for your home, safeguarding against various risks such as fire, theft, and natural disasters.

Key benefits include hospital cash for injuries, alternative accommodation, and emergency home assistance, while unique features like the coverage of legal liability and fraudulent acts by domestic helpers ensure that you're supported during unexpected events (all information is accurate at the time of writing, last updated 8 October 2024).

Let's dive into the details of these plans and explore how they can safeguard one of your most valuable assets.

MSIG Enhanced HomePlus Plans Key Benefits

MSIG's Enhanced HomePlus plans provide extensive coverage for your home and its contents, depending on your home's needs and your needs. Below are some of the key benefits of its plans.

Building coverage

Protects the structure of your home against various risks, including fire, theft, and natural disasters.

Contents and renovations coverage

Safeguards your personal belongings inside the home, including furniture, appliances, and valuables. This coverage encompasses protection benefits for improvements and additions to your home (not forming part of the building).

Worldwide personal liability protection

Offers up to $1,000,000 in worldwide personal legal liability coverage in case someone is injured on your property or if you accidentally damage someone else's property.

Alternative accommodation

Provides temporary housing expenses if your home becomes uninhabitable due to a covered event.

Emergency home assistance

Offers 24/7 support for home emergencies, such as electrical, plumbing, or locksmith services.

Removal of debris due to unexpected accidents

Claim benefits to reduce the costs of clearing out damaged household contents following an unfortunate event such as a fire or burst of pipes.

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Types of MSIG Enhanced HomePlus Plans

MSIG Enhanced HomePlus Standard Plan

The Standard plan offers essential protection for your home and contents against fire, lightning, explosions, floods, earthquakes, and theft. It includes personal liability coverage, alternative accommodation, and domestic helper coverage. This is the most affordable option among the three tiers.

MSIG Enhanced HomePlus Superior Plan

The Superior plan builds upon the Standard plan with additional benefits like accidental breakage of glass, locks replacement, and worldwide personal liability. This plan provides enhanced protection for your home and belongings and comes with a higher premium than the Standard plan.

MSIG Enhanced HomePlus Ultimate Plan

The Ultimate plan offers the most comprehensive protection, including higher sum insured limits for building and contents, accidental loss or damage to valuables, and coverage for loss of rent. This is the highest premium among the three tiers, reflecting the extensive nature of the coverage.

How Do I Choose The Best MSIG Home Insurance Plan?

Assess Your Coverage Needs

Before selecting an insurance plan, carefully evaluate your specific coverage requirements. Consider factors such as building coverage for your home's structure and renovations, contents coverage for your personal belongings and valuables, personal liability coverage for accidental injuries or property damage caused by you or your family, and any additional benefits you may desire, like personal accident coverage or loss of rent.

Compare Plan Options

MSIG Enhanced HomePlus Insurance offers several plan options, each with varying levels of coverage and benefits. Compare the Standard, Superior, and Ultimate plans to determine which one best aligns with your coverage needs and budget. Consider factors like the extent of coverage for building, contents, and personal liability, as well as any additional features or benefits included in each plan.

Consider Premium and Discounts

Evaluate the premium associated with each plan option to ensure it fits within your budget. Additionally, inquire about any discounts or promotions offered by MSIG that may reduce the overall cost of your insurance.

Review Exclusions and Limitations

Thoroughly review the policy documents to understand the exclusions and limitations of each plan. Be aware of specific items or situations that may not be covered, as well as any restrictions or conditions that may apply.

Research Customer Reviews and Ratings

To gain insights into MSIG's claims process, customer service, and overall satisfaction, research customer reviews and ratings. Consider feedback from previous policyholders to assess their experiences with the company and their level of satisfaction with the claims process.

How Do MSIG Home Insurance Claims Work?

Before making a claim, it's important to understand the parties involved in your home insurance contract.

The First Party

This is you, the policyholder who has purchased the MSIG Enhanced HomePlus insurance.

The Second Party

This is the insurance company, MSIG Singapore, and the service provider, MoneySmart, from whom you purchased the policy by paying the insurance premium.

The Third Party

This can be anyone other than you (the First Party) and MSIG Singapore and MoneySmart (the Second Party). For example, a rental tenant or a neighbor.

Here are 4 steps to submit a home insurance claim to MSIG

Step 1

Report to MSIG within 30 days of the accident

With MSIG, you’ll be required to report your home insurance claim as soon as possible or within 30 days of the insured event(s). It is best to inform MSIG within this timeframe so as to avoid breaching the policy’s terms and conditions, which may affect your claim process.


As long as a third party is involved, MSIG would still need to have his/her details (regardless of whether he/she submits a claim against you). If the loss or damage is due to theft or burglary, make a police report before contacting MSIG.

Step 2

Take clear and sufficient photos of the damage

Take photos with tight shots and wide shots from various angles to ensure that you get sufficient photographic footage of the scene and the damaged items involved. It is also best to retain the items for MSIG’s inspection as all these might be needed as evidence for MSIG to process your claim.


Keep in mind to not admit liability, settle or negotiate settlement without MSIG’s prior approval, and immediately inform us (by taking a photo and emailing it) upon receiving any letter of demand, Writ of Summons, etc. from the third party.

Step 3

Avoid touching or moving the damaged items

It is wise to not touch or move the damaged items as they could pose a risk to your safety or the safety of others. Moreover, handling damaged items could inadvertently cause additional damage, which may not be covered by your insurance policy.


Most insurance companies, including MSIG, require that the damaged items remain in their original state for inspection purposes and a loss adjuster may be sent down to your home for a thorough inspection. This helps to prevent disputes and ensure a smooth claims process.

Step 4

Submit claim report to MSIG

After contacting MSIG Emergency Home Insurance Claims hotline at +65 6827 7660, the staff will usually advise you to submit your claim notification online, download a copy of the claim form or request for the form to be sent to you. If you’d like to receive your claims payment faster through FAST or PayNow payment options, it’s best to submit your claim online.

Frequently Asked Questions About MSIG Home Insurance

Should I get the "Building cover" for my home with MSIG Enhanced HomePlus plans?

Yes and no, however it is highly recommended as It is important to safeguard against the financial strain caused by any loss or damage to the property caused by fire, water damage, theft or burglary and other incidents. Cover can be arranged under the optional “Building” section of the Enhanced HomePlus insurance at a very affordable premium of $4.28 (includes GST) per annum for every $10,000 Sum Insured.

Do the MSIG Enhanced HomePlus plans cover any loss incurred due to my home renovations?

Yes, to a certain extent. The reimbursement is usually based on the cost of repairs in the case of partial damage or replacement as new for property totally lost or destroyed.