Allied World Home Protector 360 Review: Home Insurance With Super Useful Add-ons

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Spring for the add-on plan to truly maximise your value on this pricey home insurance plan.

As home insurance plans go, the Allied World Home Protector 360 is just as capable as any. It offers comprehensive benefits that homeowners, landlords and tenants would find useful – but there’s an important catch.

The base plan, without add-ons, is a rather basic home insurance plan with limited benefits. In all likelihood only property owners looking to secure properties against common risks would find appropriate.

Put in the add-ons, however, and Allied World Home Protector 360 begins to shine and live up to its name.

Let’s take a closer look at this home insurance plan.

Pros and cons of Allied World Home Protector 360

ProsCons
Offers separate plans for landlords, tenants and owner-occupied properties Online sign-up form can be a little confusing at first
Useful add-ons with rarely seen coveragePlan without add-ons is pretty basic
Optional top-ups available for building and contents cover with high capsPremiums are on the higher end of the scale
Bundled worldwide cover for personal accident

Key features of Allied World Home Protector 360

#1: Basic plan is barebones, but add-ons boost usefulness tenfold

Allied World Protector 360 is a home insurance plan available in two versions: a vanilla plan, and an add-on plan. There are three tiers to each version.

The vanilla plan offers only basic protection across a limited range of items, with benefits commonly included by default in other home insurance plans conspicuously missing. Some of these include benefits for replacement of personal documents, emergency cash cover, ATM and credit card fraud, glass damage, spoilage of food, and more.

Instead, these benefits (and more) are only available when you opt for the add-on plan. Yet, even at the highest tier, your premiums would increase by a mere $90 at most.

As such, it is much more worthwhile to go with the add-on plan instead of the vanilla plan. That’s unless you’re absolutely sure that you do not want or need the additional benefits.

#2: Add-ons include rarely seen benefits

The add-ons offered by Allied World cover a range of situations and issues that can arise from break-ins or property damage, making them highly useful, even critical.

The plan goes a step further with the inclusion of rarely seen benefits that homeowners would appreciate. These include benefits for home relocation services, damage for contents stored at third parties, home loan protection in the case of accidental death or disability, hospital cash allowance, home cleaning and mobility enhancement, among others.

While these benefits are by no means unique, it is rare to see them covered so comprehensively under one home insurance plan.

#3: Optional top-ups for building and contents

The Allied World Home Protector 360 plan offers a maximum of $300,000 cover for building, and $90,000 for contents, which is lower than other home insurance plans. These sums certainly render the plan unsuitable for large or landed properties, or apartments that have been extensively renovated.

It’s a good thing then, that you have the option to increase your maximum sums insured for building and contents. During sign-up, you can propose to top up each benefit by up to $2 million and $1 million respectively.

Do note that it is up to Allied World to accept your top-up proposal, or counter with an alternative.

#4: Personal accident benefits extended to worldwide cover

One unique perk that you can enjoy as a policyholder of Allied World Home Protector 360 is an extension of your personal accident benefits to worldwide coverage. This perk only applies when you opt for content cover in your plan. It essentially acts as free travel insurance for you and your family members.

You should know that only personal accident benefits are offered, and the cover does not extend to loss of baggage, flight cancellations, illness while overseas and such. Hence, you should not treat it as a full-fledged travel insurance plan, but rather as an added layer of protection.

Important exclusions to note

Before you sign up for Allied World’s Home Protector 360 plan, do take note of the following noteworthy exclusions. For a full list of exclusions, be sure to refer to the policy documents.

Notable general exceptions:

1. Loss or damage to Building, Renovations or Contents if the Building is unoccupied for more than 60 consecutive days

2. Any loss or damage or injury resulting from the Insured’s wilful act, negligence, default or that of the Insured’s Family Member or domestic employee.

3. Transportation charges incurred by the repairman, plumber and any other home services engaged to attend to the loss or damage, other than in the case of a life threatening emergency.

4. Loss, damage or injury resulting from extreme sports and dangerous activities, such as climbing, skydiving and underwater sports.

5. Dental, aesthetic, cosmetic procedures, routine check up and diagnostic tests unless related to the treatment of an Injury as a result of an accident.

6. Loss or damage or Injury arising out of any violation or attempted violation of the law or resistance to arrest.

For whom is Allied World Home Protector 360 best suited?

The main draw of this home insurance plan lies in its comprehensive suite of add-ons, with some benefits that are rarely encountered in other home insurance plans. Hence, if any of these are attractive to you, you should consider signing up.

Allied World also offers three different versions for tenants, landlords and owner-occupiers, with premiums for the first two being significantly lower. This represents potential savings over other insurers who charge a universal premium across all three user categories.

Plan tiers, premiums and latest promotions

We’ve summarised Allied World Home Protector 360 in the table below. The full details are available here.

BenefitsSum insured – Base planAdd-on or top-up
BuildingUp to $300,000Up to $2 million
ContentsUp to $90,000Up to $1 million
Emergency cash reliefN/AUp to $1,000
Replacement of keys, locks and security systemN/AUp to $1,000
ATM and credit card fraudN/AUp to $1,000
Personal accidentPer adult: Up to $60,000
Per child: Up to $30,000
Home loan protection: Up to $50,000

Premium waiver: 5 years
Personal liabilityUp to $1 millionPet owner liability: $200,000
Loss of rent / alternative accommodationUp to $30,000Conservancy charges: $1,000

How much does Allied World Home Protector 360 cost?

Yearly premiums for building and contents protection for an owner-occupied property costs $178, $268 or $438, depending on tier. This is with add-ons included.

For the vanilla version, the premiums are $142.40, $214.40 or $350.40 per year.

Those familiar with home insurance plans will note that this plan isn’t exactly the most affordable one. However, as noted above, the useful add-ons do help to improve the cost-to-value ratio.

What promotions are there for Allied World Home Protector 360?

If you’re going to sign up for a plan, don’t miss the following promotions. Do note that relevant terms and conditions apply.

Allied World Home Protector 360 Promotion: Receive a 25% discount when you sign up. T&Cs apply.


Protected up to specified limits by SDIC.

Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that are not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.


How to claim

Should you need to make a claim under your policy, you may do so by sending an email to Allied World at sg.customerservice@awac.com. You may also contact the Singapore office at +65 6631 2500 for any claims or general enquiries.

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By Alevin Chan
An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.