S4 accident at PS today

[phonehunter2002]

Today went ps shopping and as my friend n i was going back on my S4, got 1 stupid driver suddenly stop and reverse. I horn n horn still never stop bang into my cause my bike to drop Now my left signal light broken and my steering seems not very gd already. Bloodyhell!!

Now is my steering cone damage or what?

[biting_point]

did you fill in the accident report and took pictures?

[A-AN 07]

Stupid driver, i guess you must fix the trailer type of horn so his ears will explode!!!! Ride safe bro...

[phonehunter2002]

did you fill in the accident report and took pictures?

 

Made accident report troublesome, take down his particulars tommorrow going down to workshop together ask him to pay on the spot. Just in case i also collected $100 from him first. Stupid as*hole

[phonehunter2002]

Stupid driver, i guess you must fix the trailer type of horn so his ears will explode!!!! Ride safe bro...

 

 

If we safe other people not safe also no use

[biting_point]

new ruling as of 1st June 2008,

 

FROM Sunday, motorists must report all accidents - no matter how minor - to their respective insurers within 24hours or part of their no-claims discount (NCD) will be docked.

 

Worse, their insurers might not cover them if a claim is filed against them.

 

This tough stance is the latest attempt by the insurance industry to curb runaway claims, which drove motor underwriting losses to a five-year high of $103.2 million last year.

 

The picture continues to look bleak this year: In the first quarter, motor-underwriting losses hit $35.3 million - nearly treble that for the same period last year.

 

Insurers reckon inflated claims are a major cause. These claims are often filed well after an accident.

 

Although it has long been a legal requirement to report all accidents, this is the first time insurers are insisting on a 24-hour timeframe so 'fresh information' is at hand.

 

Insurers also believe people are less likely to lie or have less chance to collaborate with workshops to submit inflated claims within the first 24hours of an accident.

 

In announcing the new step, the General Insurance Association (GIA) - which represents about 30 motor insurers here - said on Monday that car owners will lose 10 percentage points of their NCD if they do not comply.

 

NCDs are given annually to motorists who have not made accident claims, up to a maximum of 50 per cent of their annual premium.

 

So a motorist who pays a premium of $500 after a 50 per cent NCD and does not report an accident to his insurer within 24hours would have to pay $600 the next time he renews his policy.

 

Motorists with no NCD will not suffer this penalty, but the GIA warned that those who do not comply with the new rule are in breach of policy terms and an insurer would have the right to refuse their claims.

[biting_point]

TS, please call your insurer in case the driver bite back..

 

Army terms: Cover backside..

[A-AN 07]

new ruling as of 1st June 2008,

 

FROM Sunday, motorists must report all accidents - no matter how minor - to their respective insurers within 24hours or part of their no-claims discount (NCD) will be docked.

 

Worse, their insurers might not cover them if a claim is filed against them.

 

This tough stance is the latest attempt by the insurance industry to curb runaway claims, which drove motor underwriting losses to a five-year high of $103.2 million last year.

 

The picture continues to look bleak this year: In the first quarter, motor-underwriting losses hit $35.3 million - nearly treble that for the same period last year.

 

Insurers reckon inflated claims are a major cause. These claims are often filed well after an accident.

 

Although it has long been a legal requirement to report all accidents, this is the first time insurers are insisting on a 24-hour timeframe so 'fresh information' is at hand.

 

Insurers also believe people are less likely to lie or have less chance to collaborate with workshops to submit inflated claims within the first 24hours of an accident.

 

In announcing the new step, the General Insurance Association (GIA) - which represents about 30 motor insurers here - said on Monday that car owners will lose 10 percentage points of their NCD if they do not comply.

 

NCDs are given annually to motorists who have not made accident claims, up to a maximum of 50 per cent of their annual premium.

 

So a motorist who pays a premium of $500 after a 50 per cent NCD and does not report an accident to his insurer within 24hours would have to pay $600 the next time he renews his policy.

 

Motorists with no NCD will not suffer this penalty, but the GIA warned that those who do not comply with the new rule are in breach of policy terms and an insurer would have the right to refuse their claims.

Hmmmm, good info there. Thanks bro!!!

[phonehunter2002]

new ruling as of 1st June 2008,

 

FROM Sunday, motorists must report all accidents - no matter how minor - to their respective insurers within 24hours or part of their no-claims discount (NCD) will be docked.

 

Worse, their insurers might not cover them if a claim is filed against them.

 

This tough stance is the latest attempt by the insurance industry to curb runaway claims, which drove motor underwriting losses to a five-year high of $103.2 million last year.

 

The picture continues to look bleak this year: In the first quarter, motor-underwriting losses hit $35.3 million - nearly treble that for the same period last year.

 

Insurers reckon inflated claims are a major cause. These claims are often filed well after an accident.

 

Although it has long been a legal requirement to report all accidents, this is the first time insurers are insisting on a 24-hour timeframe so 'fresh information' is at hand.

 

Insurers also believe people are less likely to lie or have less chance to collaborate with workshops to submit inflated claims within the first 24hours of an accident.

 

In announcing the new step, the General Insurance Association (GIA) - which represents about 30 motor insurers here - said on Monday that car owners will lose 10 percentage points of their NCD if they do not comply.

 

NCDs are given annually to motorists who have not made accident claims, up to a maximum of 50 per cent of their annual premium.

 

So a motorist who pays a premium of $500 after a 50 per cent NCD and does not report an accident to his insurer within 24hours would have to pay $600 the next time he renews his policy.

 

Motorists with no NCD will not suffer this penalty, but the GIA warned that those who do not comply with the new rule are in breach of policy terms and an insurer would have the right to refuse their claims.

 

 

wah so heng, 1st day i kana this kind of thing already

[phonehunter2002]

TS, please call your insurer in case the driver bite back..

 

Army terms: Cover backside..

 

Yah going to do that but sun not open

[biting_point]

your insurer should have a 24/7 hotline for you to call..

[phonehunter2002]

your insurer should have a 24/7 hotline for you to call..

 

I check my paper dont have any 24hrs hotline leh, btw my one is mitsui

[biting_point]

their 24hr hotline is 6844 8877

[phonehunter2002]

their 24hr hotline is 6844 8877

 

 

wah where u find one? I go to their website also cannot get.

Thks bro, going to call now

[biting_point]

wah where u find one? I go to their website also cannot get.

Thks bro, going to call now

 

http://www.ms-ins.com.sg/news/news.asp?newsID=2590&pageID=6100&newstype=6110

 

do let us know the procedures and outcome..

[phonehunter2002]

http://www.ms-ins.com.sg/news/news.asp?newsID=2590&pageID=6100&newstype=6110

 

do let us know the procedures and outcome..

 

Ok will do.

[ganman]

wah where u find one? I go to their website also cannot get.

Thks bro, going to call now

 

There was a "cut and keep" article in the straits times today...

you can even MMS GIA.

 

Anyway report to them tomorrow...

[deedeeboi]

yeah its at the straits time..

.

very impt information

[warrior.c.o.n.p]

good job bro biting point for ur help. its good to hv more forumer like you. peace man.

[smiley73]

http://www.ms-ins.com.sg/news/news.asp?newsID=2590&pageID=6100&newstype=6110

 

do let us know the procedures and outcome..

 

wah u good lar ...

[4DToToBig Sweep]

Today went ps shopping and as my friend n i was going back on my S4, got 1 stupid driver suddenly stop and reverse. I horn n horn still never stop bang into my cause my bike to drop Now my left signal light broken and my steering seems not very gd already. Bloodyhell!!

Now is my steering cone damage or what?

 

 

Bro u using stock horns ar>??? :confused:

[phonehunter2002]

Bro u using stock horns ar>??? :confused:

 

I got 2 horn on my bike one is the stock one, other one is power horn. Stock horn no problem but my power horn

[phonehunter2002]

http://www.ms-ins.com.sg/news/news.asp?newsID=2590&pageID=6100&newstype=6110

 

do let us know the procedures and outcome..

 

Hi today went to workshop to repair my bike and the total cost is abt $400 but lucky the fellow that hit me turn up and pay for everything. After which both of us sign a letter stating that we had a minor accident at PS yesterday and he have already pay up for my repair. Repair take abt 1 whole day, now still waiting to take back my bike, hope everything is ok.

 

Anyway thks bro

[ekardo]

responsible driver...

 

my last minor accident, the car driver still bargain with me..ended up 50% /50%...but I bang onto him becos he swerve into my land..if go legal, I might lose....

[Chrno]

I check my paper dont have any 24hrs hotline leh, btw my one is mitsui

 

Bro call at your own risk, Mistui will take away your NCB and charge you a loading when your insurance is due for renewal. I kenna before and accident is not even my fault.