Income · Contractor and renovation insurance
Income HDB renovation contractor licence guarantee
Income's Renovation Contractor Licence Guarantee, the guarantee HDB asks for to list a renovation contractor, priced from its published table, and how to buy it.
In short
- HDB lists a renovation contractor in its Directory of Renovation Contractors only against a bank, finance or insurance guarantee for the listing period, and asks for a new one at each renewal.
- You buy on Income’s own site with your name or UEN and HDB’s letter about your listing or renewal: Buy Now takes you there, and Income issues the guarantee at once.
- Income’s licence guarantee page, with its price table
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.
The guarantee, by guaranteed sum
| Insurer | Once, for the period | Guaranteed sum to HDB | Guarantee period | Financial assessment or guarantors |
|---|---|---|---|---|
| IncomeRenovation Contractor Licence Guarantee, S$5,000Buy Now | S$250.00 | S$5,000 | 2 years | None, issued at once |
| IncomeRenovation Contractor Licence Guarantee, S$10,000Buy Now | S$700.00 | S$10,000 | 2 years | None, issued at once |
The guarantee's quote page · Our contractor and renovation page.
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. Every example is in a CSV file, updated daily.
Questions people ask
How much is Income’s HDB licence guarantee?
S$250.00 for S$5,000 and S$700.00 for S$10,000, once for the 2-year guarantee period, with no GST.
What is it for?
HDB lists a renovation contractor in its Directory of Renovation Contractors only against a bank, finance or insurance guarantee for the listing period, and asks for a new one at each renewal. It is a guarantee to HDB, not a policy against damage.
How do I get it?
You buy on Income’s own site with your name or UEN and HDB’s letter about your listing or renewal: Buy Now takes you there, and Income issues the guarantee at once. A three-year guarantee, or another sum, is quoted by Income on enquiry. Ask Shenton to arrange sends us the sum and we arrange it for you.