1) HDB Fire Insurance is a compulsory home insurance policy which only insures the internal building structure, fixtures and fittings. 2) Mortgage insurance is a policy which insures the mortgage (home loan) in event of death of the breadwinner - It provides the surviving spouse with peace of mind, knowing the mortgage will be fully paid up. 3) Home Insurance provides coverage for the building, fixtures, fittings as well as renovations and your household content. Hence, its a good idea to pair the compulsory HDB Fire Insurance with a HDB home insurance plan so that there's comprehensive coverage for your home