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Learning About Car Insurance in Singapore
Getting car insurance in Singapore is a fairly straightforward process. There are a number of factors that go into insurance pricing, and also a number of things to consider about what type of insurance to get that’s going to be best for you. Armed with that information, you’ll be able to make a decision much easier. Here are some details about insurance for you to consider.
Types of insurance available
If you did not take out a loan for your car and you paid for it in full, you can elect to take out third party coverage insurance only, to cover damage done to the other person’s vehicle or property in an accident. It would also cover your liability for injury to another person in an auto accident. Because it does not cover very much, it is the cheapest form of insurance you can buy.
Next up from that is third party, fire and theft. This is third party coverage plus loss of your vehicle due to a fire or theft. If you do have a loan on your vehicle, you must carry at least this level of insurance.
Lastly, there is comprehensive insurance. ,....contd..