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Homes Advantage Package
 
For many of us, our home is our greatest and most precious asset. Besides giving you protection within your home, Homes Advantage Package plan also provides you with coverage that suits your lifestyle even when you are away from your home or travelling abroad.

Comprehensive Protection

Choose from a selection of Classic, Superior or Premier plans under the Homes Advantage Package plan.

First loss Policy

With first loss protection, you do not have to worry about being penalised for under-insuring your home. Select your preferred coverage from one of the three plans that best suits your needs.

All-Risks Cover including Full Theft Cover for Household Contents

For protection of your household contents, take comfort in knowing that we provide all-risks coverage. Furthermore, full
theft cover is assured and you need not provide proof of forcible entry in the event of a claim.

High Limits of Coverage for Unscheduled Items

Enjoy high limits of coverage of up to $10,000 per item for household contents. With Homes Advantage Package plan,
items that you wish to insure need not be declared, allowing you a fuss-free insurance purchase experience.


Complimentary Benefits

Alternative Accommodation

We cover alternative accommodation expense within Singapore up to a specified limit if your home is made uninhabitable due to loss or damage to your building or contents.

$1 Million Worldwide Personal Liability

Additionally, you and your family are also protected worldwide against any potential third party claims due to bodily injuries or damage to their properties for up to $1 million.


Optional Covers

Home Advantage Package plan gives you the choice of adding lifestyle protection depending on your needs. Choose from our wide range of benefits such as protection against Tenant’s Liability, Worldwide Identity Fraud Cover, Bicycle Cover and Multi-Appliances Extended Warranty.


AIG Exlusive Multi-Policy Discount

Plus, enjoy an additional 5% discount off your Homes Advantage Package policy premium if you have an existing annual consumer lines’ policy with us!

 
MAIN COVERAGE CLASSIC
(max. limit)
SUPERIOR
(max. limit)
PREMIER
(max. limit)
Building $85,000 $135,000 $225,000
  • Covers loss or damage to the building1 arising from insured perils2.
  • Covers up to 20% of the sum insured for the building for loss of rent should your insured premises be made uninhabitable due to insured perils2.
  • Covers legal claims made against you by your tenant due to accidental bodily injury or damage to property occuring within the insured premises.
     
Contents $20,000 $35,000 $50,000
  • All risks cover for your household contents3 such as interior decorations, fixtures and fittings, valuables and personal belongings in the insured premises with high limit of coverage per unscheduled item of up to $10,000 each.
  • Covers up to 20% of the sum insured for household contents or $50,000 whichever is lower, for loss or damage to your household contents kept at a commercial storage facility3.
  • Covers up to $1,000 to replace or repair your damaged home security system due to theft.
  • Covers up to $500 to replace your residence's locks and keys due to theft within insured premises.
  • Covers up to $1,000/occurrence for medical expenses as a result of injury due to theft or robbery within insured premises.
  • Covers up to $500 for loss of personal cash.
  • Covers up to $250/occurrence for frozen food spoilage4.
  • Covers up to $500 for the replacement of fire fighting appliances used or destroyed as a result of a fire.
     
Worldwide Personal Effects $2,000
  • Covers you and your family5 against loss or damage to your personal effects6 whilst outside of your residence and/or when you are travelling.
  • Covers up to $1,000/occurrence for medical expenses incurred from injury caused by theft outside of your residence.
  • Covers up to $1,000/occurrence for monetary loss or damage suffered by you due to ATM assault6.
     
Alternative Accommodation Complimentary Up to 10% on the sum insured for building, 20% on the sum insured for contents, or $20,000, whichever is the lowest
  • Covers alternative accommodation expense if your insured premise is made uninhabitable due to insured perils2.
     
Worldwide Personal Liability Complimentary $1,000,000
  • Covers you and your family against potential third party claims for bodily injuries or damage to their properties.
     
ANNUAL PREMIUM ( inclusive of 7% GST ) $199.82 $285.42 $394.56
 
Notes
  1. Excess applies for selected insured perils where applicable.
  2. nsured Perils include fire, lightning, explosion, aircraft or articles dropped therefrom, impact with the building by any road vehicle not belonging to or under your control or member of your family, bursting and overflowing of water tanks, water apparatus or water pipes, theft or attempted theft, hurricane, cyclone, typhoon or windstorm including flood or overflowing of the sea, riots, malicious damage, earthquake or volcanic eruption, including flood or overflow of the sea and accidental breakage of fixed glass.
  3. Excess of $100 applies for each and every claim for items below $10,000.
  4. Excess of $50 applies for each and every claim.
  5. Family refers to any member of your family related to you by blood, through marriage or by adoption under any written law, including domestic servants, room-mates and co-ownersordinarily residing in your residence.
  6. Excess of $200 applies for each and every claim.
     
OPTIONAL COVERAGE Max. Limit Premium
Worldwide Identity Fraud Cover1
Covers your monetary loss resulting from identity fraud with choice of individual or family plan.
$10,000
Individual Family
Individual $37.45
Family $64.20
Includes legal fees and loss of wages incurred by you in Singapore to resolve such identity fraud issues. $20,000
Individual Family
Individual $80.25
Family $128.40
Multi - Appliances Extended Warranty
Covers your appliances and equipment against mechanical and electrical failure with choice of:
   
a) Kitchen Products2 $2,000 $149.80
b) Home Products3 $2,000 $304.95
Bicycle Cover
Covers loss or damage to one bicycle as a result of theft outside of your residence.
$1,000 $26.75
Tenant's Liability
Covers the tenant's legal liability to the landlord.
$100,000 $53.50

Notes

  1. Excess of $200 applies for each and every claim.
  2. Kitchen products include Cooker Hood, Cooker Hob, Conventional Oven, Microwave Oven, Refrigerator, Washer, Dryer, Washer Dryer Combo and Dishwasher that are less than 5 years old at the time of claim.
  3. Home products include Cooker Hood, Cooker Hob, Conventional Oven, Microwave Oven, Refrigerator, Washer, Dryer, Washer Dryer Combo, Dishwasher, Television, Air-Conditioner, Audio Equipment and Video Equipment that are less than 5 years old at the time of claim.
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