Questions to Car Insurance in Singapore

Is the the car insurance  just a clause, when you have a traffic accident?  Actually, it is not just a clause but a warning. Its extinction is an alert to tell you the occurrence of accidents will never be predicted. Nowadays, many countries are compulsory for drivers to buy car insurance, in Singapore, it also mandatory. If you would like to know something about car insurance in Singapore, there are three questions for you.

What is the car insurance?

Car insurance is done to protect your vehicle from unpredictable risks and it actually provides the protection against the losses incurred as a result of unavoidable instances. It is able to cover against theft, financial loss which caused by accidents and any subsequent liabilities. And the covers in Singapore are available to three aspects: Comprehensive, Third Party, Fire& Theft, Third Party Only.

What is car insurance for?

Purchasing the car insurance means that you need to spend part of the money, if you have never mentioned a claim, a new driver or new to car ownership, it can be increasingly frustrating because of the high cost combined with the feeling of not getting anything in return. So, come to know what is car insurance for?
1.For financial protection

If you carry PLPD only on your car, it is possible you will never file a claim. Maybe your car did get damaged and you have car insurance, however, there has no coverage to fix it. That is a point in time when you feel your car insurance is worthless, but you get what you pay for. PLPD does not cover physical damage to your car. It does however offer you protection for other types of losses.
2.For physical damage repairs

Car insurance can pay to repair your vehicle after an accident depending on what coverage you select. A vehicle is often a major expense so you want to protect it as well as yourself. Comprehensive and collision each offer coverage for physical damage, which comes with a lot of rules regarding what is covered and what is not.

How can you get the best car insurance?

In Singapore, many car insurance companies make you difficult to choose the best one. If you are willing to take the time to do a survey, you can find many ways to help you. As far as I am concerned, the first tip is to have the clear mind to specific factors that affect your rate, such as the credit status, the driving record, vehicle use and so on. The second is to go for more information, especially the data of the insurance company. The third one is to have a quote comparison because you save your cost as soon as possible. And the last one is to notice the insurance policy. As a car insurance policy is a legal contract, you are required to pay more attention to it, otherwise, you will get substantial losses.

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