Car And Home Insurance
A car and home insurance are essentially two different policies which cover two different assets. The car insurance covers the vehicle damage resulting from a traffic accident while the home insurance covers the home for damages resulting from accidents. Although the car insurance is a requirement made by the Singapore government, the home insurance is only mandatory if the owner takes up a loan for their property.
Therefore, insurance companies may offer the home and car insurance as a bundle to encourage owners to purchase the home insurance as an added protection for their houses. With SingaporeCarInsurance.org, you can request for various car insurance quotations as well as car insurance. Request For Car And Home Quotation today.
Why Get A Car And Home Insurance
The main reason people get the car and home insurance is responsibility. Responsibility cause one to think beyond the now and expect the unexpected. Imagine if a fire will break out in an apartment without adequate home insurance protection or a vehicle with limited car insurance cover. The owner incurs a large loss to his fixed assets as well as pay through the nose for the regular repairs. With a well-covered car and home insurance, the insurance company takes care of the repair costs. In general, the car and home insurance help you reduce your repair costs or replacement costs when you most need it.
Who Should Get A Car And Home Insurance
It is common sense for everyone who owns a car and home to purchase a car and home insurance. However, it is not a common practice to purchase a car and home insurance which meet your needs. This is normal for most people as they feel they are conscious and safe. However, they are missing out on the external factors such as other drivers, or kids kicking the ball around their apartments. Third-parties causes the most accidents in Singapore. While you cannot control the actions of others, you can choose a better car and home coverage to protect your cars and properties.
Types Of Car And Home Insurance
Over the years, the Singapore insurance companies had evolved; so as the car and home insurance. Nowadays, you can have car and home insurance for specific needs such as car insurance for a high-performance car or a classic car and home insurance which covers highly valued items within the home.
Factors Affecting Car And Home Insurance Prices
Many factors affect the auto and home insurance costs. Here are 3 common factors which affect both the car and home insurance costs.
- Type Of Vehicle And Home — A “better” vehicle and apartments such as a Ferrari and Bungalow will fetch a higher car and home insurance price.
- Safety Features Of Car And Home – A car and home installed with theft alarms and security cameras will fetch a lower car and home insurance cost.
- Size of Car and Home – Primarily a larger car and home will increase the cost of home and car insurance.
Purchase Car And Home Insurance
Purchasing a car and home insurance is a simple process of selecting the right insurance policy that best suit your requirements. However, because of the different kinds of car and home insurance, it can become an overwhelming process. At SingaporeCarInsurance.org, we understand the difficulties of selecting a good car and home insurance because we are drivers and homeowners too. Allow us to assist you for all your car and home insurance needs, choose SingaporeCarInsurance.org. Find out more about what we do and request for a car insurance quote online today.