Home Contents Insurance, myHome Protect II

myHome Protect II – Insurance for Your Home Contents

At a Glance

Fires and burst pipes in homes are not uncommon. You’re covered whether you’re affected by an accident in your home or your neighbour’s

Should your home be damaged due to an insured event*, you can claim up to S$350,000 on repairs or replacement of your renovations and home contents (such as electronics and furniture).

Receive reimbursement of up to S$32,000 for loss of rent, or incurring costs for staying at an alternative accommodation

Claimable in the event that your home becomes uninhabitable as a result of an insured event*.

If any member of your household becomes legally liable for compensation, you’re insured worldwide for up to S$1,000,000

For example, if a fire at your home spreads to your neighbour’s and he sues you for the damages, you’re covered. This benefit applies to accidental damage to property belonging to third parties, as well as accidental death or accidental injury to third parties.

Tailor the policy to suit your needs with optional add-ons

You have the flexibility to add on these benefits depending on your needs:

Optional Add-on 1: Worldwide coverage for your personal belongings.
Optional Add-on 2: Coverage for sports equipment at home such as bicycles or treadmills.

10% No Claim Bonus

Receive 10% refund of premiums paid (excluding GST) at the end of every 12 consecutive months if you remain claim-free.

* Refer to the Features & Benefits section for the list of insured events.

Your home is your personal sanctuary. More importantly, it’s a place that holds precious memories.

Underwritten by Chubb Insurance Singapore Limited, myHome Protect II is an affordable home contents insurance plan that helps you mitigate losses should you encounter mishaps such as a fire, or a burst pipe at home.Get a quoteBy clicking the “Get a quote” button, you will be leaving our website to access Chubb’s website. Please ensure that you understand Chubb’s product features and terms before purchasing.Find out more from our Telesales Representatives.Contact me

Key BenefitsBelow are the key benefits that are covered under the myHome Protect II policy. View the full list of benefits here.

Select from either Classic, Premium or Ultimate plan, depending on which represents the value of your home’s contents and renovations as though they were new.

	Classic Plan	Premium Plan	Ultimate Plan
Loss of or damage to renovations due to insured events: Fire, Lighting or Explosion Storm, Hurricane, Cyclone, Typhoon, Flood (Excess: S$100) Bursting, leaking, discharging, overflowing of water tanks or pipes (Excess: S$100) Earthquake Impact Riot or civil commotion Acts of Malicious Damage or Vandalism Theft, attempted Theft or burglary	Up to S$100,000	Up to S$150,000	Up to S$200,000
Loss of or damage to contents due to insured events (listed above)	Up to S$50,000	Up to S$100,000	Up to S$150,000
Alternative accommodation or Loss of rent Claimable in the event that your home becomes uninhabitable as a result of an insured event (listed above)	Up to S$13,000	Up to S$23,000	Up to S$32,000
Emergency Replacement of mobile phone, tablet and/or computer Receive advance payment for these essential gadgets so that you can get back to normalcy quickly	Limit for Mobile Phone and/or Tablet – Up to S$1,000; Up to S$3,000 in the aggregate
Personal legal liability for the whole household Worldwide coverage for the entire household if they are held legally liable to pay compensation to third parties for accidental death, bodily injury or accidental property damage	Up to S$1,000,000
No Claim Bonus	10% refund of the preceding 12 months’ premium paid (excluding GST) if there is no claim

Optional Add-Ons

Each optional add-on has 2 sum insured options for you to choose from.

	Option 1	Option 2
Worldwide Coverage for Personal Belongings Covers accidental damage to or loss of personal belongings worldwide (Excess: S$100)	Up to S$2,500	Up to S$5,000
Additional Sports Equipment Coverage Covers damage to or loss of sports equipment stored in your home due to insured events (listed above)	Up to S$4,000	Up to S$8,000

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Frequently Asked Questions

Who is eligible to purchase this policy?

To be eligible, you must be a Singapore Resident* who is at least 18 years of age or older on the policy commencement date and be either: -

the owner or co-owner of the premises in Singapore; or
the owner or co-owner of the premises in Singapore who is renting out the premises in Singapore; or
a tenant or co-tenant who is currently renting the premises in Singapore

*Singapore Resident means Singapore citizen, Singapore permanent resident, or holder of a valid work permit, employment pass, dependant’s pass, long-term visit pass, S pass or student pass issued by the authorities in Singapore.

I already have a fire insurance policy when I took up my mortgage loan. Do I still need to purchase this policy?

A typical fire mortgage insurance policy generally provides coverage only for the building structure and in certain cases, a low amount of contents coverage.
This policy, is a home contents insurance policy, which supplements fire insurance by offering coverage for renovations and contents.

Is there a need for me to provide a detailed listing of my home contents?

No. you do not need to do so. To receive the appropriate level of coverage, you can choose the plan with the sum insured that represents the full value (as new) of your contents and renovations (including those of your family members residing with you).

Do I get to enjoy a 10% No Claim Bonus benefit every year?

You will get to enjoy a No Claim Bonus of 10% as long as premiums are paid as and when due. In addition, you will need to remain claim-free during the policy year. Should there be a claim for an event within the current policy year, the No Claim Bonus will not apply, but will resume in the next policy year (provided there is no claim for an event in the following policy year).

Optional Add-Ons

What is covered under the Worldwide Coverage for Personal Belongings benefit?

This benefit provides worldwide coverage for accidental damage or loss of personal effects such as watches, jewellery and any of your personal belongings physically carried or worn by you.

Will the Worldwide Coverage for Personal Belongings benefit be extended to my household members?

Yes, it will be extended to your household members if they fall under the policy’s definition of household. Household means all members of your family including your partner, children and any other persons permanently living with you in your premises, excluding tenants, boarders, lodgers or paying guests.

What is covered under the Additional Sports Equipment Coverage benefit?

This benefit provides coverage for damage to or theft of your sports equipment whilst stored at your premises, as a result of an insured event^.

^The insured events are:

Fire, lighting or explosion
Storm, hurricane, cyclone, typhoon, flood
Bursting, leaking, discharging, overflowing of water tanks or pipes
Earthquake
Impact
Riot or civil commotion
Acts of malicious damage or vandalism
Theft, attempted theft or burglary

What types of sports equipment are covered under the Additional Sports Equipment Coverage benefit?

Sports equipment include pedal and electronic bicycles, electronic scooters, gym equipment, other sporting and fishing equipment that are stored at your premises. There is no cover for sports equipment whilst they are in use.

How to ClaimPlease submit your claims online at www.chubbclaims-dbs.com.sg. Alternatively, you may contact Chubb’s Customer Service Hotline at +65 6398 8797, (Mondays to Fridays, 9.00am – 5.00pm, excluding Public Holidays) and they will guide you in filing a claim.

Get in TouchYou may contact our telesales team at +65 6682 1616 from Monday to Friday between 9.00am and 6.00pm (excluding Public Holidays) or via email at gisales@dbs.com.Please refer to the Policy Wording for the full details of the terms, conditions and exclusions of this insurance.Click here for full Terms and Conditions Governing Purchase of Insurance Products from Chubb Insurance via the DBS website.
DisclaimersmyHome Protect II is underwritten by Chubb Insurance Singapore Limited (“Chubb”) and distributed by DBS Bank Ltd (“DBS”). It is not an obligation of, deposit in or guaranteed by DBS. This is not a contract of insurance. Full details of the terms, conditions and exclusions of the insurance are provided in the policy wordings and will be sent to you upon acceptance of your application by Chubb.You have a free look period of 30 days from the date you receive the Policy. If you decide to cancel the Policy within these 30 days, please inform Chubb in writing and they will cancel the Policy from its start date and refund the full premium paid, provided no claim has arisen.This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Chubb or visit the General Insurance Association or SDIC websites.