Loading of insurance

[mak]

hey guys, just wanna ask, if lets say ur previous bike had an accident with a taxi, n taxi claim $3K so like that how much would our insurance loading be? on top of the usual premium, anyway mine was from NTUC

 

is it true NTUC insurance is the highest premium to pay in the market?

anyone here using liberty insurance? if compare with NTUC insurance which is more ex?

 

thanks

[BlackDawn]

U ride a HD?

There was a 3rd party claim on my '03 XL1200S just short of $3k one year+ back. I was on AXA then. After all the dust settled, on my insurance anniversary, NTUC quoted me the lowest for comprehensive coverage.

 

I have since renewed with NTUC again. My NCD has resumed to 5% & I'm paying just short of $1k for comprehensive. I am 32 this year.

[mak]

yup, currently mine is under liberty insurance abt 1.5K comprehensive, my claim was at $3K last year, so wondering how much would they load into my current insurance, cause the insurance company said that once NTUC had settle the claim result, then liberty will proceed to collect the top up cash from me

[kkhoh77]

Hi guys,

 

This is Kelvin and would like to help you guys on cheaper motor insurance. For those who have previous accident, you should know that your insurance premium will be very high.

 

Let me have the opportunity to quote you your insurance and you can compare the premium that you are getting outside.

 

You can PM or call me @ 81132151

 

Cheers :-)

 

Kelvin Khoh

VR Sooria Holdings

[h530251]

Hi guys,

 

This is Kelvin and would like to help you guys on cheaper motor insurance. For those who have previous accident, you should know that your insurance premium will be very high.

 

Let me have the opportunity to quote you your insurance and you can compare the premium that you are getting outside.

 

You can PM or call me @ 81132151

 

Cheers :-)

 

Kelvin Khoh

VR Sooria Holdings

 

How about those with accident but no claim but still kanna a claim reserve by the insurance company. How is the insurance for these people ?

[epk]

i once had a claim against for me 3.5k. My loading was 1 year, 0% NCD and on top of that, 25% more expensive. oh yes, i was under NTUC too.

[h530251]

i once had a claim against for me 3.5k. My loading was 1 year, 0% NCD and on top of that, 25% more expensive. oh yes, i was under NTUC too.

 

Oh... so how long was this loading apply on you before they take away ?

[epk]

Oh... so how long was this loading apply on you before they take away ?

 

1 year bro.

[h530251]

1 year bro.

 

Oh... so was it your fault then ? Did your insurance company payout that amount ? Then you will have to start your NCD from 0 again ?

[epk]

not my fault at all. bloody driver flip the story over to save his a**. so it was fifty fifty. meaning if i get the claim, it'll only be 50%. same goes for that a**hole. still waiting for the claim amount though. and yup, start from 0% again.

[h530251]

not my fault at all. bloody driver flip the story over to save his a**. so it was fifty fifty. meaning if i get the claim, it'll only be 50%. same goes for that a**hole. still waiting for the claim amount though. and yup, start from 0% again.

 

Oh... I really wonder all people who kanna accident, do they really say the actual thing or they just "lie" so that they can say it is not their fault and save their NCD etc ? Hmm... and if everyone is doing it and we still so honest, are we at the losing end ?? hmm... So in the end who is the one who determine 50-50 ?

 

Oh.. so the claim is still open and they already removed the claim loading after 1 year ? I thought they will put the claim loading for at least 3 year ?

[epk]

i'm sure most of the people will try to lie and save themselves. human nature i guess.

 

determine 50-50 is TP verdict. its very unfair to me, i fractured my wrist, dislocated my shoulder, tore the ligaments on my toes and had tons of serious abrasion just because of driver negligence. in the end he managed to flip his story around. oh well thats how the cookie crumbles. TP verdict is final anyway.

 

No idea bro. NTUC told me 1 year only. Maybe it depends on the amount claimed against you i think.

[h530251]

Oh... that's is bad ... so in your opinion is there anyway you could have avoided the accident ?

 

And so your premium has already gone back to last time when you have no loading after 1 year ?

[epk]

i tried to swerve but it was too late. i'm still under loading now. accident happened on march so it hasn't been one year yet. so after 1 year, there will be no more loading and price will go back as per market rate, which is with 0% NCD.