Contractor and renovation insurance
Renovation insurance prices by contract value
Great American's Renovation Protect premium today for each contract value, at each third-party liability limit, paid once for the contract. Then every option for a S$100,000 contract.
In short
On 12 Nov 2026, renovation insurance for one contract costs from S$273.00 to S$872.00 with S$1,000,000 of liability on Great American's published table, GST included, for contracts up to S$500,000.
Price by contract value
| Contract value | Plan | S$1,000,000 liability | S$1,500,000 liability | S$2,000,000 liability |
|---|---|---|---|---|
| S$10,000 | Plan A (up to S$50,000) | S$273.00 | S$327.00 | S$382.00 |
| S$20,000 | Plan A (up to S$50,000) | S$273.00 | S$327.00 | S$382.00 |
| S$30,000 | Plan A (up to S$50,000) | S$273.00 | S$327.00 | S$382.00 |
| S$50,000 | Plan A (up to S$50,000) | S$273.00 | S$327.00 | S$382.00 |
| S$80,000 | Plan B (up to S$100,000) | S$382.00 | S$436.00 | S$491.00 |
| S$100,000 | Plan B (up to S$100,000) | S$382.00 | S$436.00 | S$491.00 |
| S$150,000 | Plan C (up to S$250,000) | S$545.00 | S$600.00 | S$654.00 |
| S$200,000 | Plan C (up to S$250,000) | S$545.00 | S$600.00 | S$654.00 |
| S$250,000 | Plan C (up to S$250,000) | S$545.00 | S$600.00 | S$654.00 |
| S$300,000 | Plan D (up to S$500,000) | S$872.00 | S$927.00 | S$981.00 |
| S$400,000 | Plan D (up to S$500,000) | S$872.00 | S$927.00 | S$981.00 |
| S$500,000 | Plan D (up to S$500,000) | S$872.00 | S$927.00 | S$981.00 |
| S$750,000 | Quoted on enquiry |
The grid is in a CSV file, updated daily.
Prices today for a S$100,000 contract
| Insurer | Once, for the contract | Works insured, up to | Third-party liability | Principal’s existing property | Excess a claim |
|---|---|---|---|---|---|
| Great AmericanRenovation Protect Plan B, S$1,000,000 liability | S$382.00 | S$100,000 | 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 B, S$1,500,000 liability | S$436.00 | S$100,000 | 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 B, S$2,000,000 liability | S$491.00 | S$100,000 | 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) |
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.
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 renovation insurance by contract value?
On Great American's published table, from S$273.00 to S$872.00 once for the contract with S$1,000,000 of liability, for contracts up to S$500,000, GST included. For a S$100,000 contract, from S$382.00.
Why do some contract values cost the same?
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). Every contract in the same plan pays the same.
What about a contract over S$500,000?
Great American prices contracts up to S$500,000 from its table; a bigger contract is quoted on enquiry. Press Ask Shenton to arrange and we ask the insurers for you.
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.
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.