Typical renovation insurance quotes in Singapore
Renovation insurance for a S$150,000 contract
What renovation insurance costs today for a renovation contractor with one S$150,000 interior renovation, fit-out or reinstatement contract. Each price is from the insurer's own published table, paid once for the contract, GST included.
In short
On 12 Nov 2026, renovation insurance (contractor's all risks) for a renovation contractor with one S$150,000 interior renovation, fit-out or reinstatement contract costs from S$545.00 once, GST included, at Great American (Renovation Protect Plan C, S$1,000,000 third-party liability), up to S$654.00 with S$2,000,000 of liability.
- With S$1,000,000 third-party liability: S$545.00 once (Plan C, works insured up to S$250,000).
- With S$1,500,000 third-party liability: S$600.00 once (Plan C, works insured up to S$250,000).
- With S$2,000,000 third-party liability: S$654.00 once (Plan C, works insured up to S$250,000).
Price your own contract on our contractor and renovation page: it asks the contract value of the job.
Works damage and public liability
| Insurer | Once, for the contract | Works insured, up to | Third-party liability | Principal’s existing property | Excess a claim |
|---|---|---|---|---|---|
| Great AmericanRenovation Protect Plan C, S$1,000,000 liability | S$545.00 | S$250,000 | S$1,000,000 | S$50,000 | S$2,500.00 (S$5,000.00 for water damage, collapse, acts of God, the principal’s property) |
| Great AmericanRenovation Protect Plan C, S$1,500,000 liability | S$600.00 | S$250,000 | S$1,500,000 | S$50,000 | S$2,500.00 (S$5,000.00 for water damage, collapse, acts of God, the principal’s property) |
| Great AmericanRenovation Protect Plan C, S$2,000,000 liability | S$654.00 | S$250,000 | S$2,000,000 | S$50,000 | S$2,500.00 (S$5,000.00 for water damage, collapse, acts of God, the principal’s property) |
How each price is worked out:
- Great American Renovation Protect Plan C, S$1,000,000 liability: Great American’s premium for Plan C (contracts up to S$250,000, yours S$150,000) with S$1,000,000 third-party liability, as printed on its proposal form, GST included; excess S$2,500.00 a claim (S$5,000.00 for water damage, collapse, acts of God or the principal’s property); work of up to 9 months plus a maintenance period of up to 12 months.
- Great American Renovation Protect Plan C, S$1,500,000 liability: Great American’s premium for Plan C (contracts up to S$250,000, yours S$150,000) with S$1,500,000 third-party liability, as printed on its proposal form, GST included; excess S$2,500.00 a claim (S$5,000.00 for water damage, collapse, acts of God or the principal’s property); work of up to 9 months plus a maintenance period of up to 12 months.
- Great American Renovation Protect Plan C, S$2,000,000 liability: Great American’s premium for Plan C (contracts up to S$250,000, yours S$150,000) with S$2,000,000 third-party liability, as printed on its proposal form, GST included; excess S$2,500.00 a claim (S$5,000.00 for water damage, collapse, acts of God or the principal’s property); work of up to 9 months plus a maintenance period of up to 12 months.
Injuries to your own workers are a work injury compensation claim, not a public liability claim: make sure your WICA policy is in force for every job.
The HDB licence guarantee is a different product
To be listed in HDB's Directory of Renovation Contractors you need a guarantee for the listing period, not a policy against damage. Income sells it for S$250.00 (S$5,000) or S$700.00 (S$10,000), whatever the job. See the guarantee's pages: S$5,000 · S$10,000.
Neither Great American nor Income is one of our featured insurers for contractor and renovation insurance, so we rank neither. They sell different things, so they are never set against each other: Great American’s Renovation Protect insures the works and your liability on one contract, and Income’s licence guarantee is the guarantee HDB asks for to list a renovation contractor.
What would change the price
| Change | Lowest price | Difference |
|---|---|---|
| S$1,500,000 third-party liabilityInstead of S$1,000,000, when the contract or the building management asks for more. | S$600.00 | +S$55.00 |
| S$2,000,000 third-party liabilityInstead of S$1,000,000, when the contract or the building management asks for more. | S$654.00 | +S$109.00 |
| A S$100,000 contractInstead of S$150,000. | S$382.00 | −S$163.00 |
Why it costs this
For a renovation contractor with one S$150,000 interior renovation, fit-out or reinstatement contract:
- Great American prices by the contract value, in four plans: Plan A to S$50,000, B to S$100,000, C to S$250,000, D to S$500,000, each at three liability limits (S$1,000,000, S$1,500,000 and S$2,000,000). So the price is set by the plan your S$150,000 contract falls in and the liability limit you pick.
- Your contract falls in Plan C, which insures works up to S$250,000: a contract of any value up to that pays the same.
- It is for interior renovation, fit-out and reinstatement on one contract, with work of up to 9 months and a maintenance period of up to 12 months. Structural hacking or coring (unless a professional engineer designed it), work above 30 feet, exterior, civil and demolition work are outside it.
Price history
For a renovation contractor with one S$150,000 interior renovation, fit-out or reinstatement contract: Since 10 Nov 2026 the lowest price is unchanged, and Great American has been cheapest throughout.
How these prices are worked out
Great American’s prices are the premium table on its Renovation Protect proposal form (F.40302B (12/24)), the same figures as its pamphlet (5611-SGP (09/23)), GST included, read on 28 Oct 2026. Income’s are the table on its licence guarantee page (information as at 28 Jan 2026), GST-exempt, read on 28 Oct 2026. Great American's premium is paid once for the one contract; Income's once for the guarantee period. Nothing here is a live quote. Shenton Brokers is an insurance broker in Singapore. This page's figures and every example are in CSV files, updated daily.
Every example · Compare contractor and renovation insurance for your own contract.
Questions people ask
How much is renovation insurance for a S$150,000 contract?
From S$545.00 once for the contract, GST included, at Great American with S$1,000,000 of third-party liability; with S$1,500,000, S$600.00; with S$2,000,000, S$654.00.
What does it cover?
Damage to the works (with removal of debris at 10% of the contract value), the principal’s existing property to S$50,000, and your liability to third parties up to the limit you pick. The excess is S$2,500.00 a claim, S$5,000.00 for water damage, collapse, acts of God or the principal’s property.
What is not covered?
It is for interior renovation, fit-out and reinstatement on one contract, with work of up to 9 months and a maintenance period of up to 12 months. Structural hacking or coring (unless a professional engineer designed it), work above 30 feet, exterior, civil and demolition work are outside it. Injuries to your own workers are a work injury compensation claim, not a public liability claim: make sure your WICA policy is in force for every job.
How much liability do I need?
It is often set for you: condominium managements commonly require S$1 million or more and ask for the management corporation to be named. Check the renovation permit conditions before you buy.
Do I also need the HDB licence guarantee?
Only to be listed in HDB’s Directory of Renovation Contractors: it is a guarantee to HDB, not insurance against damage. Income sells it online; its page on our site gives both sums.
Has the price changed?
Since 10 Nov 2026 the lowest price is unchanged, and Great American has been cheapest throughout.
How do I buy it?
Great American sells Renovation Protect through intermediaries: Apply Now opens its proposal form on our site, filled in from your answers, and we place the cover; you send it with the contract’s letter of award or purchase order. Income sells its licence guarantee on its own site: Buy Now takes you there with your name or UEN and HDB’s letter about your listing or renewal, and Income issues the guarantee at once. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.
Why might my own price be different?
The contract value and the liability limit set the price on these pages. Great American’s proposal form also asks about the works, the dates and your claims history.