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SmartHome Optimum not only gives you comprehensive coverage but more importantly, complete peace of mind!
Enjoy Comprehensive Coverage
Many homes are insured only against fire or limited to compensation for certain perils only. But, SmartHome Optimum offers covers for any accidental loss of or damage to your fixtures, fittings, renovation and contents. You are even covered for any theft within your premises. As such, in the unfortunate event that your house has been broken into and your contents such as hi-fi equipment and even your precious designer suit is stolen, no worries! SmartHome Optimum will compensate you for such loss.
Why is SmartHome Optimum the right choice for your home?
SmartHome Optimum provides
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All Risks cover for Building, Fixtures, Fitting & Renovation
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All Risks cover for Contents
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Free Worldwide Personal Liability - extend to cover travel or stay overseas (excluding USA & Canada) for
90 consecutive days
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Free Accidental Death or Theft of Pedigree Pet
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Free 24 Hours Emergency Home Assistance
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Worldwide Personal Belongings (Optional cover)
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Worldwide Family Personal Accidental - extend to cover travel or stay overseas for 90 consecutive days (Optional cover)
Enjoy the New & Enhanced additional benefits at no extra cost!
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Conservancy Charges
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Home Quarantine Order
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Loss of Credit Card
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Emergency Cash Allowance
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Robbery of Amount Withdrawn at ATM
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Terrorism Cover for Personal Accident
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Fatal Injury Benefit Increased to S$30,000
Coverage and Benefits
Do you require coverage for your building and structure? If the answer is no…probably because you have already purchased such coverage as part of your home loan, then the following coverage is just right for you!
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Section |
Coverage |
Standard (S$) |
Classic (S$) |
Deluxe (S$) |
Superior (S$) |
Ultimate (S$) |
|
1 |
Fixtures, Fittings and Renovation (eg. flooring, built-in cabinet) |
50,000 |
80,000 |
100,000 |
150,000 |
200,000 |
|
2 |
Contents (eg. tv, sofa set, washing machine, refrigerator) |
25,000 |
35,000 |
45,000 |
55,000 |
70,000 |
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** Extensions (Applicable to Section 2 only) |
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Loss of Money |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
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Valuables |
8,300 |
11,600 |
15,000 |
18,300 |
23,300 |
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(Max Value Per Article) |
2,500 |
3,500 |
4,500 |
5,500 |
7,000 |
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Legal Documents |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
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Household Removal |
5,000 |
5,000 |
5,000 |
5,000 |
5,000 |
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Temporary Removal (max S$300 each article) |
5,000 |
7,000 |
9,000 |
11,000 |
14,000 |
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Replacement of locks and keys |
750 |
750 |
750 |
750 |
750 |
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Frozen food |
750 |
750 |
750 |
750 |
750 |
** Extensions (Applicable to Section 1 &/or 2)
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Loss of Rent and Cost of Temporary Accommodation
(max S$250 per day) |
11,250 |
17,250 |
21,750 |
30,750 |
40,500
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Accidental breakage to fixed glass and sanitary ware |
7,500 |
10,000 |
10,000 |
10,000 |
10,000 |
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Accidental breakage to fixed mirrors |
5,000 |
5,000 |
5,000 |
5,000 |
5,000 |
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Removal of debris |
7,500 |
11,500 |
14,500 |
20,500 |
27,000 |
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Professional Fees (eg. architects', surveyors' and consulting engineers' legal fees) |
7,500 |
11,500 |
14,500 |
20,500 |
27,000 |
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Fire Extinguishing Expenses (eg. cost of replenishment of fire extinguisher) |
7,500 |
11,500 |
14,500 |
20,500 |
27,000 |
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Fatal Injury Benefits |
30,000 |
30,000 |
30,000 |
30,000 |
30,000 |
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** FREE Additional Benefits |
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Conservancy Charges |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
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Home Quarantine Order |
100 |
100 |
100 |
100 |
100 |
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Loss of Credit Card |
100 |
100 |
100 |
100 |
100 |
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Emergency Cash Allowance |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
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Robbery of Amount Withdrawn at ATM |
300 |
300 |
300 |
300 |
300 |
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FREE if either Section 1 or 2 is taken up |
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3 |
Worldwide Personal Liability (for Insured and/or family legal liability arising out of third party injury or property damage eg. food poisoning) |
500,000 |
500,000 |
500,000 |
500,000 |
500,000 |
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4 |
Accidental Death or Theft of Pedigree Pet (Max 3 pets) |
500 |
500 |
500 |
500 |
500 |
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5 |
24 Hour Emergency Home Assistance |
300 |
300 |
300 |
300 |
300 |
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Annual Premium Payable (Including 7% GST) |
112.35 |
163.71 |
208.65 |
272.85 |
353.10 |
You must take up either Section 1 or 2. Section 3, 4 and 5 will be granted at no extra cost. If you require coverage for your building, don’t worry! SmartHome Optimum offers additional coverage below.
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Additional / Optional Covers |
Rate (S$)
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1
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(a) Building Only (excluding Fixtures, Fittings
and Renovation)
(b) Fixtures , Fittings and Renovation |
6 per 10,000
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2
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Contents |
30 per 10,000 |
3
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Worldwide Personal Liability
(a) Limit of Liability to be increased to S$1,000,000
(b) Limit of Liability to be increased to S$2,000,000 |
50
100
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6
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Personal Belongings - Worldwide Cover
Total Sum Insured under this section shall not exceed 50% of Contents sum insured. For articles above S$2,000, please provide receipts for underwriting. |
120 per 10,000
(Min. Sum Insured: 5,000) |
7
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Family Personal Accident - Worldwide Cover for Insured, Spouse and up to 3 Children  S$50,000 - Insured & Spouse
S$10,000 - Each Child
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65 |
Note:
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For sum insured exceeding Ultimate Plan, underwriting is required. Additional premium and excess may be imposed.
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An excess of S$50 is applicable for each & every claim under Section 1, 2 and 6 unless otherwise specified.
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**The amounts paid out for extensions will be deducted from the respective benefit sum insured. For full list of extensions, please refer to the policy.
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Minimum premium applicable: S$107 (inclusive of 7% GST)
Please note our maximum limit per article below:
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Mobile Phone: S$300
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Laptop: S$2,000
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Other Portable Device: S$500
New for Old Cover
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Your contents are covered on a replacement value basis with no depreciation deducted.
No Claim Bonus (NCB)
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If your policy is claims free for 3 consecutive years with us, you will be entitled to 10% NCB discount.
Important Definitions
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Building is the home stated in the schedule and include domestic greenhouses, tennis hard courts, swimming pools, patios, paths, drives, boundary and garden walls, gates, hedges and fences if they form part of the property.
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Fixtures, fittings and renovation are the improvements made to your property eg. Flooring, built-in cabinet.
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Household Contents shall mean anything in or on your home belonging to you, your family and domestic servants or for which you are responsible but excluding :
(a) motor vehicles, watercraft and their accessories
(b) livestock and pets
(c) contact lenses
(d) fixtures, fittings and renovation
(e) securities, certificates and documents
(f) property used or held for business purposes
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Money shall mean bank or currency notes, coins, cheques, cash cards, premium bonds, travellers cheques, travel tickets, postal or money orders, postage stamps, national saving stamps or certificates, record or book or similar tokens, luncheon vouchers belonging to you.
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Valuables shall mean jewellery, furs, works of art, curios, carpets collections, stamps or coins collections, items of gold, silver or other precious metals belonging to you, your family or your domestic servants.
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Personal Belongings shall mean personal effects worn or carried on a person or taken along in any kind of bag or case. e.g. jewellery, watches and camera equipment etc. Each single item shall not exceed S$2,000 unless specified.
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Worldwide Personal Liability shall mean all sums for which you, your family or your domestic servants may become legally liable to pay (within the territorial limits) as a result of any accidental bodily injury or death caused to third parties and/or accidental damage to their property. We also cover your legal liability as a tenant.
Main Exclusions
(Please refer to Policy for complete details)
1. Landslip, subsidence.
2. War and warlike activities, rebellion, revolution, insurrection or military or usurped power.
3. Acts of terrorism.
4. Any unexplained loss or mysterious disappearance.
5. Loss or damage if your home is left unoccupied for more than 60 days.
6. An excess of S$50 is applicable to Section 1, 2 and 6 unless otherwise stated in the policy. The excess may vary upon our underwriting assessment.
7. Nuclear and nuclear-related activities.
8. For travel or overseas stay, in respect of Section 3, 6 & 7 such travel or stay shall not exceed 90 days.
9. IT hazards and Total Asbestos exclusions.
10. Contracts (Rights of Third Parties) exclusion.
Important Notes
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Policy is subject to Premium before Cover Warranty or Premium Payment Warranty where applicable.
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Please ensure that the amount insured is adequate for your property.
1. For Building, Fixtures, Fittings and Renovation - insure the full cost of rebuilding. For building more than 25 years old, we will compensate based on indemnity basis.
2. For Contents – insure for the replacement cost of all your personal effects, valuables and household goods.
3. For Worldwide Personal Belongings – insure for the full replacement cost of those items that you are likely to remove from the home at any one time.
Policy Wording
Click to read / download our SmartHome Optimum Policy Wording. Or to directly download and save the document into your system, simply right-click on the link and choose "Save Target As..." (for IE browser) or "Save Link As..." (for Netscape).
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Money Back Guarantee
You'll have 14 days to review your policy from the date you receive it. If you are not satisfied, simply return the policy to us within 14 days for a full premium refund.
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