Buying a house in itself is already a big-ticket item. As a home is a place where you spend a significant amount of time at, it is understandable that you would want to spruce up the place to your desires. According to Qanvast, the average HDB renovation cost is approximately $53,000. This excludes another estimated $30,000 that is likely to be spent on white goods such as electrical appliances and loose furniture. Having incurred such a large sum of money on renovation and fitting out, you definitely want to ensure that the value is well protected. To illustrate why it is important to purchase home insurance, Heartland Boy will try to dispel come common misconceptions that home-owners have.

A Fire Insurance Covers Only The Structure Of The Building

If you recall Heartland Boy’s HDB key collection article, it is compulsory to purchase a HDB fire insurance before the HDB