PROTECT YOUR HOME THROUGH GEN – HDB OR PRIVATE, WE GOT YOU COVERED!
Home is the place where memories are made and kept. It is a valuable financial asset that more importantly, is also a source of invaluable comfort and security.
For our homes to be that special place, activities have to take place daily and regularly.
While these activities create the energy to make our homes special, they also bring with them risks.
A home cook meal is an experience that bonds the family together yet it brings the risk of an accidental fire.
A customised home jacuzzi lets you recharge after a hectic day yet it brings with it the risk of burst pipes and water damage.
Expensive gadgets and contents enhanced the home experience yet they bring the risk of theft.
You can’t avoid the risks but you can put in place plans to ensure that you are financially protected and that the risks will not be more than a temporary inconvenience.
WHEN IT COMES TO INSURING YOUR HOME, THERE ARE 3 MAIN ITEMS THAT YOU SHOULD CONSIDER COVERING:
1. Protect What You Own
It takes a lot of energy to make the many decisions (both big and small) to create your home the way to your unique taste and preference. And, it most probably did not come cheap.
While no insurance can reimburse you for the time and effort spent, a good home insurance policy can restore your home back to what it was and what it’s meant to be by reimbursing you financially for any loss suffered from fire, water damage and other covered events.
2. Protect What Others Own (When You’ve Caused It)
This is important because of one reason – you are liable. It’s not your fault that an accident such as fire damage happened but it is your liability if your neighbour’s home was damaged because of the fire.
On top of that, being financially responsible by insuring your liability is an act of being a good neighbour!
3. Support For Alternative Accommodation
Restoring a damaged home requires time and while you will want it to be done quickly, it is something that can’t be rushed.
Meanwhile, you will still need a place to stay and having an insurance to cover for the costs of alternative accommodation during this difficult period is a big stress relief.
FREQUENTLY ASKED QUESTIONS:
Your information will be sent to a tele-consultant for NTUC Income who will contact you at your preferred time to discuss with you on the appropriate insurance for your home. With your agreement, the insurance will be arranged over the phone and the policy documents emailed to you.
No, there is no obligation to purchase the insurance recommended.
Through this service, you can also purchase insurance for personal accident, hospital care and domestic helper.
The tele-consultant will advise you on the premiums depending on the type of home and the amount of coverage you are considering.
Yes, the terms and conditions including premium amount will be the same. You will also be entitled to any ongoing customer promotions on the same terms.
There are 3 additional benefits. Firstly, you will be assigned a servicing advisor from GEN (“GEN Planner”) who will help you with any servicing needs as well as provide financial planning advice on other needs. Next, you will be enrolled onto the Wellnex Platform which will entitle you to healthcare, wellness and lifestyle benefits. Finally, you will be supported during claims by your GEN planner.
You will not need to pay for the additional benefits.
Yes, you can decline to additional benefits offer by letting the GEN Planner assigned to you know of your wish not to participate in any benefits program.