HL Assurance Home Protect360 Review: Protect Both Your Home And Family With Personal Accident Cover

·6-min read

Home Protect360 proves to be more than your average home insurance plan, with personal accident coverage for every member of the family at budget-friendly rates.

The aftermath of home disasters aren’t as clear cut as we may think. Apart from the damages to our property, you could also be dealing with injuries sustained. Plus, if the disaster in questions happens to be a home fire, you’ll also need to remove the debris that’s left behind.

HL Assurance Home Protect360 comes with a sprawling list of items covered which goes beyond protecting your home and it’s contents. It goes one step further and offers personal accident protection for both the adults and children in your family — a rarity in the home insurance scene.

Pros and cons of HL Assurance Home Protect360

Pros

Cons

Coverage for both homeowners and tenants, including HDB and private properties

Home contents, renovations, fixtures and fittings are in the same category

Offers 24-hour home assistance such as electrician, plumber, pest control and aircon repair

Home concierge service can only be utilised once in a year up to a limit of $100

Get family personal accident cover (worldwide) of up to $10,000 for each adult and $3,000 for each child

Worldwide personal liability excludes USA, Canada and Japan

Alternative accommodation and temporary storage for your belongings for up to 30 days

No rent loss protection for landlords

Worldwide personal liability of up to $500,000 against legal liability for accidental property damage or loss, accidental death or bodily injury caused by negligence


Flexibility to choose between monthly or yearly premiums


Key features of HL Assurance Home Protect360

#1 Coverage for home contents, renovations, fixtures and fittings are lumped together

On this aspect, HL Assurance Home Protect360 might pale in comparison with other home insurance products as its household contents coverage is categorised together with renovation, fixtures and fittings. Due to this lack of flexibility, you may not get to choose a higher sum insured to sufficiently cover your expensive home renovation or designer furniture.

#2 Offers 24-hour home assistance

Ah, home assistance, how did we even survive without it? A recurring (and increasingly integral) benefit in any home insurance plan that’s worth its salt, consider it as a sweet perk on top of the protection you’re buying for your home. It’s always nice to know that not only do you have the potentially huge disasters covered, the more commonplace inconveniences such as plumbing and locksmith issues could also be easily rectified simply by contacting your insurer.

#3 Comprehensive benefits that include personal accident cover for the whole family

While the plan does have limited flexibility, it makes up for it with its personal accident cover for not just the policy holder but the entire brood as well. This is quite an exception feature, considering that most plans only offer PA protection for the policy holder and their spouse only, without extending the coverage to each child.

If you have a big family staying under one roof and you may not have a standalone personal accident insurance, you’ll be pleased to know that Home Protect360 comes with built in coverage of up to $10,000 per adult and $3,000 per child.

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Important exclusions to note

Despite its broad coverage, there’s also some exclusions to keep in mind before you sign up for this plan. While you should always refer to the policy wording for the complete list of exclusions, here are some noteworthy ones that you should keep in mind.

Exclusions apply if:

  1. Loss or damage while the house or any part has been vacant for more than 30 consecutive days

  2. Loss or damage is due to wear and tear

  3. Loss or damage due to any heating or drying process, mechanical or electrical breakdown

For whom is HL Assurance Home Protect360 best suited for?

This is a worthwhile plan to consider for homeowners with families. As we’ve explored, Home Protect360 stands out from other insurance plans due to its personal accident coverage for both the adults and kids in the family.

However, you should also note that while it is family-friendly, the sum insured for household contents is on the low end, even for its highest tier plan. With this in mind, this plan is ultimately best-suited for HDB property owners who would benefit from the embedded personal accident coverage.

Plan tiers and premiums

Home Protect360 is available in three tiers: silver, gold and platinum. While some benefits share the same sum insured amount (such as worldwide personal liability and PA coverage), the maximum claim amount varies on things like household contents, removal of debris and loss of money.

Here, we’ve gathered the items covered across all three tiers for an easier comparison.

Benefits

Sum insured – Silver

Sum insured – Gold

Sum insured – Platinum

Household contents, renovation, fixtures and fittings

$100,000

$200,000

$300,000

Valuables such as jewelry, watches, antiques

$5,000

$5,000

$5,000

Loss of money

$1,000

$1,500

$2,500

Locks and keys

$1,000

$1,500

$2,000

Deterioration of frozen food

$1,000

$1,000

$1,000

Accidental breakage of fixed glass and mirror

$2,000

$3,500

$5,000

Worldwide personal liability

$500,000

$500,000

$500,000

Removal of debris

$10,000

$15,000

$20,000

Fire extinguishing expenses

$5,000

$5,000

$5,000

Worldwide personal accident cover (per family)

$35,000

$35,000

$35,000

Optional cover: personal effects

$20,000

$50,000

$70,000

How much does HL Assurance Home Protect360 cost?

If you’re opting out of the optional personal effects cover, the monthly premium for the Home Protect360 silver, gold and platinum plan would cost $20, $35 and $49 respectively.

In comparison, adding on the optional cover could come at a slightly higher monthly premium of $35, $73 and $102 for the silver, gold and platinum plans.

What promotions are there for HL Assurance Home Protect360?

HL Assurance Home Protect360 Promotion: Receive a 15% discount when you sign up. T&Cs apply.

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How to claim

Firstly, you’ll need to download the claim form. For the most part, HL Assurance requires you to submit your claims through more traditional means, such as through email or post.

You may contact HL Assurance via:

  • Email: claims@hlas.com.sg

  • Hotline: 6702 0202

  • Mailing address: 11 Keppel Road #11-01 ABI Plaza Singapore 089057

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Read these next:
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What Exactly Are Home Assistance Plans, And How They Differ From Home Insurance
5 Pieces Of Home Content You Can Claim Under Your Home Insurance (But Didn’t Know You Could)
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By Marissa Saini
Your friendly neighbourhood cat enthusiast who enjoys not being broke. Spend less, save more is the name of the game. Firm believer that being financially savvy is not about the destination, but the friends you make along the way.

The post HL Assurance Home Protect360 Review: Protect Both Your Home And Family With Personal Accident Cover appeared first on SingSaver Blog - We Compare, You Save.

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