Understanding Car Insurance Cover

Mar 25
09:03

2010

chihirokim

chihirokim

  • Share this article on Facebook
  • Share this article on Twitter
  • Share this article on Linkedin

Did you know that it is illegal for anybody in Singapore to drive a car without car insurance cover? An adequate auto insurance cover can help protect your from legal liability arising from third party injuries. Most of the cars in Singapore are covered by comprehensive coverage because it also takes care of personal accident and damage to your own vehicle.

mediaimage

Did you know that it is illegal for anybody in Singapore to drive a car without car insurance cover?  An adequate car insurance cover can help protect your from legal liability arising from third party injuries.

While an insurance policy that covers third party liability will suffice to meet regulatory and legal requirements,Understanding Car Insurance Cover Articles most people opt for a wider coverage to help protect them in an event that they get into an accident.

There are three main types of car insurance coverage being offered in Singapore.  These are:

i. Third party coverage - This covers for the legal liability arising from injury to or the death of third parties in an accident.  This should also cover for damage to property.  This is the minimum coverage that is required by Singapore law, and this excludes losses due to theft or damage to your own car.

ii. Third party, fire and theft - On top of third party coverage, this type of policy also covers your vehicle in case it is damaged by far or is stolen.

iii. Comprehensive coverage - This type of insurance policy can provide third party, fire and theft protection, while also protecting you and your vehicle. 

Most of the cars in Singapore are covered by comprehensive coverage because it also takes care of personal accident and damage to your own vehicle.  What is more, due to the high prices of cars in the country, most car owners would want to protect themselves from losses due to damage to their own cars.  Moreover, if you sought financing for your car, the financing company will require you to get comprehensive protection. 

Take note that there are situation that are not covered by comprehensive insurance unless you opt to pay for additional premiums, including but not limited to:

* riots,

* flood,

* legal liability due to negligence,

* windstorms,

* strikes, and

* civil commotions.

Taking time to understand car insurance cover can help you decide if you are currently adequately protected or not.  Make sure that you take out insurance that would protect you in case you get into an accident, while also keeping your premiums affordable.

Also From This Author

Knowing and Taking Care of Fish Oil Overdose

Knowing and Taking Care of Fish Oil Overdose

Although fish oil benefits are many, but we need to watch out for overdose and take only recommended amounts of fish oil as advised by family physician. Fish oil overdose can cause some minor irritation and problems (eg. Diarrhoea, Flatoulence, Fishy aftertaste in the mouth) to the individual though it is rare and the effects are not quite severe.
How Can Fish Oil Lower Cholesterol?

How Can Fish Oil Lower Cholesterol?

Health agencies acknowledge that fish oil lower cholesterol to acceptable levels . Fish oil is closely related to good cholesterol. Fish oil lowers the cholesterol level in the body specifically the elevated triglyceride levels that are very harmful to anyone’s health condition. Having ample amounts of fish oil in your diet can also reduce the levels of triglyceride in your bloodstream, thus further settling the delicate balance between the levels of HDL and LDL in your body to reduce the risk of cardiovascular complications.
Pharmaceutical Grade Fish Oil - Purity Omegaberry Fish Oil

Pharmaceutical Grade Fish Oil - Purity Omegaberry Fish Oil

Made of the finest ingredients, the Omegaberry Fish Oil is the rich antioxidant which features a 20 mg. blend of Billberry, Strawberry, Blueberry, Blackberry, and Cranberry. Omegaberry is procured after the “finest, freshest, and purest Omega-3 Oils. An additional feature of Omegaberry is that these Fish Oils are pharmaceutical grade fish oil; they are “molecularly distilled, where impurities and contaminants from the Fish Oil are removed and making it of high purity.”