Motor Car Insurance | Motor Insurance Singapore

Renewal Notice

Most (if not all) auto insurers in Singapore issue a renewal notice to car owners. It’s not a legal requirement to do so, but it’s beneficial for vehicle owners. Renewal notices act as reminders that the policy is about to expire. They are usually sent one month before your policy expires.

A renewal notice contains basic information about your motor car insurance policy such as:

- Name of Insured
- Expiry Date
- Renewal Premium
- Vehicle Details
- Permitted Use & Exclusions/Restrictions that May Apply

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Motor Car Insurance Proposal Form (or Application Form)

The proposal form needs to be submitted and sent (along with the quotation) to the insurer in order for them to underwrite your motor car insurance policy. The underwriter relies on the information given by the car owner to assess the risk undertaken by the insurance company.

Therefore it is important that car owners provide accurate and relevant details as required by the proposal form, to the best of your knowledge.

The following information is usually requested in the proposal form:

- Name & Address Of Car Owner
- Type Of Business Or Trade (If Applicable)
- Driving Experience Of All Drivers, Insured & Named Drivers
- Claims Experience & NCD (aka. NCB) Entitlement Amount
- Type Of Cover (Comprehensive, 3rd Party, Etc.)
- Vehicle Usage
- Whether Your Car Has Been Modified
- Vehicle’s Make & Model, Seating Capacity, Market Value & Year Of Manufacture
- Vehicle Registration Number, Date Of Registration, Engine Number & Chassis Number
- Finance Company (or Hire Purchase Company), if Applicable
- Some Details Of Vehicle’s Accessories

Soon after submission, the Certificate of Insurance or Cover Note can be released to the car owner.

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Act Liability Only Insurance

This is a compulsory insurance for all vehicle owners. Under this motor insurance policy, the insurer covers only death and bodily injury to third parties, including the passengers.

In other words, this type of motor car insurance doesn’t cover damages to property or vehicle. It also doesn’t cover accidents that occur within private compounds.

Vehicle owners (almost) never take up The Act Liability Only Insurance as a stand-alone policy. Instead, this is embedded into other types of policies, like the Third-Party, Third-Party Fire & Theft or Comprehensive Cover insurance.

In Singapore, automobile owners almost always sign up for Comprehensive Cover Insurance.

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