Types of insurance required – Singapore property for sale/ rent
The MC is required under BMSMA to take out certain insurance policies such as the fire insurance and the public liability insurance of at least $1 million for damage to property or death or injury to any person that may occur on the common property. Singapore property for sale/ rent.Apart from the insurance policy for damage, the MC must also take out any other insurance required by other law such as insurance required under the Workmen’s Compensation Act. Singapore property for sale/ rent.
