If I am in the process of buying and selling my HDB properties, how do I check my Home Protection Scheme cover details?
Home Protection Scheme (HPS) is a mortgage-reducing insurance that protects you and your loved ones from the risk of losing your HDB flat in the event of unforeseen circumstances like death, terminal illness, or total permanent disability. You need to be insured under HPS if you are using your CPF savings to service the monthly housing instalments for your flat.
When you are in the process of buying a new HDB flat while selling your current flat, you might own two HDB flats for a transitionary period. During this time, when you check your Home ownership dashboard, you will see the same HPS information for both properties.
As HPS only covers one HDB flat at a time, the HPS information you see is for the flat that currently has a HPS policy – this could be either your existing flat or your new flat.
- If your HPS application for your new flat has been approved, the HPS information shown will pertain to this flat. To check your application status, please refer to this FAQ.
- If you have not applied for HPS for your new flat, the HPS information shown will pertain to your existing flat.
You may also refer to the most recent HPS certificate, which was mailed to you upon approval. While the dashboard displays identical HPS information for both properties, rest assured that the CPF Board maintains accurate records of your HPS coverage and the property it protects.
This information is sourced from CPF
Related questions
Where can I check my current Home Protection Scheme cover details?
How can I include new co-owners for my Housing & Development Board (HDB) flat and how do they apply to be insured under the Home Protection Scheme?
What is Home Protection Scheme?
What will happen to my Home Protection Scheme cover if I sell my flat, fully repay my loan or buy a new flat?
Need more help?
Get in touch