Third-Party Only Motor Insurance

This type of motor insurance provides coverage only for (1) death or bodily injuries to third parties &/or passengers, and (2) damage to 3rd party’s property. This is quite similar to the Act Liability Only Insurance, just that third-party insurance also covers against damage to property as well as accidents occurring on roads and private [...]

By | 2016-12-14T02:55:51+00:00 December 27th, 2008|Definition Of Car Insurance Terms|0 Comments

What Has The Motor Insurers’ Bureau of Singapore (MIB) Got To Do With You?

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 [...]

By | 2016-12-14T02:55:52+00:00 December 23rd, 2008|Must-Know Information for Savvy Car Owners|0 Comments