Singapore is a small island but has a big population of cars, so we see insurance companies providing car insurance are trying to capture their shares by giving
- Cheaper premium
- Better claim service
- Introducing authorise workshop
- Other benefits to make their package more attractive
In general there are 3 basic coverage
Comprehensive cover
Covers include loss or damage to your vehicle caused by accidental collision or impact, fire, theft or attempted theft, storm, hail or flood, vandalism or malicious acts all the covers mentioned previously plus accidental damage to the insured's own vehicle. The additional cover provides personal accident benefits for the driver and medical expenses arising from the motor accident.
Third Party Fire & Theft cover
Covers against loss or damage to your vehicle caused by fire, theft or attempted theft. In addition to the cover provided by the "Third Party" cover.
Third Party cover
Covers include driver's legal liability for damage to property belonging to other persons such as cars; fences; street lighting etc as well as the driver's legal liability for death of or bodily injury to passengers and third parties caused by his negligence
So we see, driving without valid car insurance, the drivers are responsible for all the risk and financial losses in the event of an accident
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