Archive | Car insurance

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3 ways to renew car insurance

There are now 3 ways to renew your car insurance. During the first 3 years of a new vehicle purchase If you purchased a new car and it is within the first 3 years of warranty, you would have no choice but to renew automatically with the authorized insurer depending on the make of your vehicle. This […]

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Car Insurance Renewal Singapore – Surprising Ways To Save Money

You might think you know all about saving money on Singapore car insurance. Sure, it doesn’t take a genius to figure out that you have to compare prices from different car insurance companies to find the most reasonable rates. Just about everyone knows that if they want to save, they must shop for a deal. […]

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Car insurance: Two strikes and you’re out?

Car insurance: Two strikes and you’re out? CAR insurers have insisted that it is within their rights to reject policy applications from motorists if they have one too many accident claims within a year. In most cases, insurers adopt a ‘two-strike’ rule – they would typically turn away a motorist who has made two or […]

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What is subrogation in motor insurance claims?

What is subrogation in motor insurance claims? In the context of Singapore, under the Barometer of Liability (BOLA) system, a subrogation claim is a claim made against the first party by the third party for the first party part in the accident. Subrogation claims can usually affect motorists when they least expect it. For example, […]

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Car Auto Insurance: Benefits of Insuring Your Vehicle

Car Auto Insurance: Benefits of Insuring Your Vehicle Jasan Koh According to the law it is very important to hold a car auto insurance if you own a car or drive one. This policy helps in protecting you from any form of mishap that you may face on or off the road. If you do […]

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Cheaper car insurance now online

Cheaper car insurance now online SKIP the insurance agent, get a quote for car insurance and pay for it online – in five minutes and in the comfort of your home. The direct method would reduce premiums by at least 5 to 10 per cent, Aviva claimed at a press conference on Friday to unveil […]

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10 Things you need to know about Motor Insurance

10 Things you need to know about Motor Insurance 1. What are the different types of plans for Motor Insurance?A: There are 3 types of Motor Insurance plans – Third Party Only, Third Party Fire & Theft and Comprehensive. Third Party Only: Protects individual against liability, should damages to a third party’sproperty/vehicle or injuries to […]

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Road tax offences creeping up again

Road tax offences creeping up againBy Christopher TanSenior Correspondent COMPANY director Lee Dong Taek was fined $1,000 yesterday after a car owned by his company was driven without valid road tax and insurance cover.For the second offence, he also received a 12-month driving ban.Lee, 45, was among dozens of people hauled to court this month […]

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Only 3 out of 25 motor insurers post profit : MAS

Only 3 out of 25 motor insurers post profit : MAS – extract from Business Time JUST three of the 25 insurers involved in the motor business here made an underwriting profit last year, the Monetary Authority of Singapore said yesterday. As a result, MAS is urging motor insurers to tighten underwriting standards to stem […]

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Motor Claims Framework(MCF)

The Motor Claims Framework is an industry wide inititative aimed at enhancing the level of service to all motor policyholders. The MCF was announced by the General Insurance Association of Singapore and takes effect on 1 june 2008. As a motorist, you are required to do the following after the occurrence of an accident involving […]

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