Insurance issue

[xiaosin]

Hi all, can someone guide me on how to transfer my current insurance on bike A, to another bike that i going to buy. I going to sell my current bike and collecting another bike soon, so i have no idea on the insurance transfering issue.

 

thanks

[Manfred003]

you hav to cancle yr insurance in bike A den get new insurance for bike B if i'm not wrong

[d0n]

you hav to cancle yr insurance in bike A den get new insurance for bike B if i'm not wrong

 

yes.

u are right.

there is no transfer.

TS have to cancel his insurance policy for existing bike and get a fresh new insurance (minimum 1yr coverage) for his new bike.

[xiaosin]

thanks bro, but l though it can direct transfer ?

[zyrofillica]

cannot. just tried it. you go to the branch. apply new insurance. and at the same time cancel ur current one. They will refund u 100% of the unused portion and u pay the balance sum for the new insurance.

[xiaosin]

ok bro, thanks for info, i will try this when i get my bike. thanks alot.

[w00t]

cannot. just tried it. you go to the branch. apply new insurance. and at the same time cancel ur current one. They will refund u 100% of the unused portion and u pay the balance sum for the new insurance.

 

100% refund of unused, is it only if you buy a new insurance on the spot?

[rezasmess]

yes.

u are right.

there is no transfer.

TS have to cancel his insurance policy for existing bike and get a fresh new insurance (minimum 1yr coverage) for his new bike.

 

Yes you are definitely 100% corrrect.

[zyrofillica]

100% refund of unused, is it only if you buy a new insurance on the spot?

 

as long as u have an existing policy on another bike they shd be able to give u back 100%.

[barefoot]

yes.

u are right.

there is no transfer.

TS have to cancel his insurance policy for existing bike and get a fresh new insurance (minimum 1yr coverage) for his new bike.

 

for ntuc dont think got min 1 yr coverage, all of my bikes except first bike i bought are less than 1 yr coverage, all bought and tally to the road tax date

[anonymouser]

ntuc refunds 85% of the remaining days of coverage.

[zyrofillica]

ntuc refunds 85% if u dun take up a new policy with them. If u take up a new policy immediately after u cancel or before u cancel, u will get 100% back