My co-owner and I each applied for 50% Home Protection Scheme (HPS) coverage. What should I do if my co-owner's HPS cover is rejected due to health reasons?
If your co-owner's Home Protection Scheme (HPS) cover is rejected due to health reasons, you are encouraged to increase your HPS share of cover to 100% of the outstanding housing loan. This will ensure that the total outstanding loan is fully covered by HPS. However, please note that any increase in HPS cover is subject to approval and you being in good health. It is important to ensure that your home loan is adequately covered by HPS.
This information is sourced from CPF
Related questions
Why should my share of Home Protection Scheme cover minimally match my share of responsibility to service the housing loan?
Can I apply to be partially exempted from the Home Protection Scheme?
If my co-owner and I are both insured under the Home Protection Scheme (HPS) for 75% each, what will happen after my co-owner has claimed the HPS benefits?
What share of the Home Protection Scheme cover should I apply for?
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