Car Insurance Cover
Car insurance cover for all vehicles is compulsory in Singapore. As a result, most car owners opt for the cheapest car insurance that they can find; with hopes of keeping their vehicle upkeep cost low. At SingaporeCarInsurance.org, we are fellow car insurance shoppers ourselves, and we encourage all car owners to understand the car insurance cover rather than purchasing the cheapest car insurance you can find. Learn what we do and request for a car insurance quote online.
Major Types Of Car Insurance Cover
In Singapore, car insurance companies provide 3 major types of car insurance covers for you to choose from. They are the third-party cover, third-party with fire and theft cover, and comprehensive cover.
Third-Party Car Insurance Cover
The third-party cover is the minimal car insurance cover provided by the car insurance companies. It covers damages to external parties and properties including vehicles, lamp posts, road fences due to the negligence of the driver. In addition, the third-party car insurance cover legal costs; subjected to the approval of the car insurance company.
Third-Party With Fire And Theft Car Insurance Cover
The third-party with fire and theft car insurance covers accidental damage to the vehicle due to a fire or theft. Furthermore, the basic cover for third-party remains. If you declare your vehicle stolen, most car insurance companies will usually cover for the market value of the vehicle at the time of loss. Do note that market value definitions may differ between car insurers.
Comprehensive Car Insurance Cover
The comprehensive car insurance covers the coverage of the third-party cover and the third-party with fire and theft cover. In addition, it covers the repair cost for own vehicle damages resulting from an accident.
Other Car Insurance Cover
Most car insurance cover the vehicle usage to west Malaysia and Peninsula Thailand; in the case of Peninsula Thailand, car insurer may impose a distance limitation. Other car insurance cover may include:
- No Claim Discount Protector – Usually, car insurers offer this cover to individuals who accumulated 50% no claim discount. In the event of an accident, the NCD protector covers the no claim discount thus leaving the NCD intact.
- Wind Screen Cover – Covers the cost of repair for the windscreen due to accidental damage.
- Nature Cover – Some car insurers may offer to cover floods and/or another convulsion of nature and Strike, riot & civil commotion as an add-on peril cover.
Choose A Car Insurance With Good Cover
At SingaporeCarInsurance.org, we help car owners find a car insurance with a cover according to their needs. With so many car insurance companies providing all sorts of car insurance products; we understand the difficulties of looking for the 1 perfect car insurance cover which fits your requirements. Contact us today, so that we can better serve you.