This is the most common car insurance policy that vehicle owners have. Its coverage is also the broadest. Other than insuring liability for third-party’s bodily injury (or death) and property damage, this type of car insurance also covers damage to the insured's own vehicle. There are also other benefits (usually) included in this type of [...]
In the old days (before Sep 1989), insurance premiums were derived using a standard table provided by the General Insurance Association of Singapore (GIA). This table is known as a Motor Tariffs Table. Under this system, factors such as the ones below were used as a basis for computation: - Type of Cover, - Engine [...]
First, let’s look at why the MIB was set up. Its main purpose is to handle motor claims in cases where (1) the negligent driver cannot be traced/located, (2) the negligent driver possess an invalid motor car insurance policy, or (3) the negligent driver is not covered by any auto insurance at all. Under the [...]