Tokio Marine Car Insurance Features and Benefits

Tokio Marine Car Insurance is a protection plan offered by a premier car insurance provider in the market, Tokio Marine Insurance. If you are about to renew with this insurer or are shopping around for car insurance, then take time to read up on what this product can do for you.

For starters, Tokio Marine Insurance protects you against any liabilities involving any third party vehicle damage, property damage or bodily injuries. Compensation is also made in case death occurs. This array of coverage is known as third party car insurance, which is mandatory for all car owners in Singapore.

On top of this, you are entitled to other benefits under Tokio Marine’s comprehensive car insurance plan.

Let’s first take a look at windscreen insurance. Windscreen is an important part of the car. The windscreen lets the driver properly see what is in front of him. In as much as we want the windscreen to last forever, it won’t because it suffers wear and tear. However, if you sign up for Tokio Marine’s Car Insurance, windscreen replacement is something you don’t have to worry about.

Tokio Marine provides unlimited windscreen coverage. All you are required to do is bring your car to any Tokio Marine authorized workshop for replacement. (In the event your car is still covered under the standard 3-year warranty, you still need to bring it to the authorized workshop instead of the distributor workshop.)

Other than windscreen insurance, personal accident coverage is one other benefit Tokio marine provides.

Accidents are events that cannot be avoided especially if a person lacks driving experience. The good news is that if you go for Tokio Marine’s Car Insurance, they will provide $50,000 for personal accident coverage. The compensation, however, only applies to the policyholder and the named driver(s).

Apart from personal injuries, there may be times when accidents can render your car immobile. Sometimes it would just fail to start or it might be wrecked so badly you can’t drive it anymore. Just like other car insurance companies, Tokio Marine provides a 24-hour towing service to policyholders. However, keep in mind this particular road assistance is only offered to accident-related breakdowns.

One of the best reasons why you should sign up for Tokio Marine’s Car Insurance is that they provide medical reimbursement of up to $1,000 each. Injuries, however minor they may be, require some medical attention. And such costs are not cheap. The medical reimbursement is applicable to the insured, authorized driver and passenger.

With Tokio Marine Insurance you have the option to take your car to the nearest authorized workshop or a workshop of your choice. The only difference between these 2 options is the price. If you take your car to a workshop of your choice, the premium you have to pay is going to be a bit higher.

Tokio Marine imposes an additional excess of $3,500 (on top of the prescribed excess) in case the car is driven by someone (an authorized driver) other than the policyholder or named driver(s), whose driving experience is less than 2 years.

Unnamed drivers are required to pay an excess of $500, provided they are more than 26 years old and has more than 2 years driving experience.

At the moment, you cannot pay for Tokio Marine’s Car Insurance plan by installment. You must make full payment using cash, cheque or credit card.

Tokio Marine Insurance has been in the insurance business for more than 130 years. It is one of the biggest not to mention oldest non-life insurance company in Japan. The company specializes in a variety of businesses ranging from domestic, life & non-life insurance, financial and other general insurance.

This speaks of Tokio Marine’s stability as an insurer that can provide you the best support when you need it.

With the above features in mind, you will be able to make your mind up whether or not Tokio Marine car insurance suit your needs.

By | 2016-12-14T02:55:32+00:00 April 5th, 2012|Car Insurance Tips|0 Comments