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A family of three immigrated to Singapore. How to buy property insurance for your hometown?
1. The insured has an insurable interest relationship with the subject matter insured. If most of the family property changes, you must go to the insurance company to change the content of the policy.
2. Not all family property can be insured with family property insurance. Property with uncertain specific value (such as calligraphy and painting, antiques) and daily necessities cannot be insured against family property insurance.
3. Don't over-insure. Insurance companies follow the principle of compensation when making compensation, and insurance companies will not compensate for the over-insured part. Don't over-insure and double-insure. The best insurance method is original value insurance.
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