Motor Insurance

[raphael]

can insurance be bought for only 6 mths instead of a year

[NUT]

today i went ntuc to buy my bike insurance. but ntuc not counted the price for the first rider liao, now need to pay the price of the most inexperience rider liao.

the cost of i being the first rider, or my father first rider and i sub rider is the same liao. pay 1k+ for 2nd party.

[sky140885]

HUH?!!! U sure or not?? damn!~!~!~! Anyone else can confirm too??

[xb84]

Originally posted by Hideki45@Jul 30 2005, 12:12 AM

can insurance be bought for only 6 mths instead of a year

think cannot.

 

after 6mths then u cancel lor.

[chipmunk]

Hey guys quick question. Say my uncle buys a bike. Pays for the insurance and everything.

 

 

After awhile he decides to add me as his sub-rider. Do I have to pay for insurance as well or do I just have to pay a small fee to add my name as the sub-rider?

 

 

Thanks in advance.

[xb84]

Originally posted by chipmunk@Jul 31 2005, 05:33 AM

Hey guys quick question. Say my uncle buys a bike. Pays for the insurance and everything.

 

 

After awhile he decides to add me as his sub-rider. Do I have to pay for insurance as well or do I just have to pay a small fee to add my name as the sub-rider?

 

 

Thanks in advance.

look at NUT's post above.

[kennethy]

Originally posted by onefour02@Jul 31 2005, 12:04 AM

think cannot.

 

after 6mths then u cancel lor.

i was told that you can renew for any length of time you want...

 

cancel the policy halfway is also another way, but then you will have to go and cancel it, plus some of the insurance agency will pro-rate, i got my 85% back from NTUC last time.

[speedkills]

guys, wad if my dad is already the main rider of the bike. not a new bike.... can i still add sub rider?do i still need to pay for another insurance? is this only for ntuc?

 

man.......blood suckers :mad: :mad:

[Guest xanc]

so let's say i already haf a policy under them which is using my father's name, muz i top up my premium now since the rule had changed?

or do i only need to pay the diff for my renewal?

[speedkills]

i think your will only take effect on your next premium....but this time round..its under your own premium. i think its better that you become the main rider then

[Ti-C]

hie.. anyone noe of the website i can visit to know more abt the change in insurance plans??

[2_wheeler]

Originally posted by chipmunk@Jul 31 2005, 05:33 AM

Hey guys quick question. Say my uncle buys a bike. Pays for the insurance and everything.

 

 

After awhile he decides to add me as his sub-rider. Do I have to pay for insurance as well or do I just have to pay a small fee to add my name as the sub-rider?

 

 

Thanks in advance.

if you were to add a rider into your insurance (within the policy), we'll charge still based whoever pay the higher premium... min $25.

[2_wheeler]

Originally posted by Hideki45@Jul 30 2005, 12:12 AM

can insurance be bought for only 6 mths instead of a year

you can with NTUC Income. However, you premium will be 70% of the yearly premium and on renewal you do not enjoy the extra NCD

[redname]

hi, jus wondering whether insurance can be bought under the name thts not of the owner?

 

my situation is tht my fren wants to get insurance under his uncle's name but the bike is currently laid up & i'm the owner. i can't transfer ownership b4 getting new insurance rite?

[scooterer]

Originally posted by redname@Aug 9 2005, 12:32 PM

hi, jus wondering whether insurance can be bought under the name thts not of the owner?

 

Of course you can. Almost all of us do it.

 

When you decide to buy a bike and go and buy insurance, you are not yet the owner.

 

Since ownership can only be transferred after insurance is purchased, almost all of us are not "owners"... yet.

 

Whether you can transfer a laid up vehicle or not, I'm not sure. But based on one case I have heard (not confirmed) the answer is no.

[redname]

haha, of cus i'll unlay the bike 1st lah. unlay only need road tax & inspection rite? so thts y i'll need the insurance cause of the road tax

[2_wheeler]

Originally posted by redname@Aug 9 2005, 12:32 PM

hi, jus wondering whether insurance can be bought under the name thts not of the owner?

 

my situation is tht my fren wants to get insurance under his uncle's name but the bike is currently laid up & i'm the owner. i can't transfer ownership b4 getting new insurance rite?

you don't need insurance to transfer a laid up bike. however, the current/new owner need the insurance and a valid vehicle inspection cert. before the bike can be unlaid.

[bugger]

hey there...

 

can anyone give me an estimation of the insurance cost of first rider?

im 19... and juz got my license...

[Kele]

may i know whats the difference b/w third party and second party?? hi bugger, think for 19 is quite expensive, i'm 19 too, just went ard asking for quotations. All started with at least $800-$1000. But im still not sure whats the diff:giddy:

[kennethy]

bugger, kele,

 

believe you will be both looking at at least $800 - $1500 depends on your coverage (1st party or 3rd party).

 

insurance depends on mainly your age, generally, below 20 is super ex, below 25 is slightly less, 30 and above will be really cheap...

 

also depends on your driving / riding experience, if you just pass, also very ex... the more year you have your license, the cheaper it gets...

 

next, you will be looking at what bike you are getting; some bikes are generally more expensive, like aprillia... the bigger cc you get of course will be more expensive, lastly will be how new is your bike, if brand new will be more ex than old bikes...

 

lastly is your NCD (no claim discount), if you have not been claiming (that is never have accident) the insurance company will give you discount.

 

the other way round is true also, if you have claimed from your insurance, the insurance company will charge you more; call the loading factor...

 

so there is really no hard and fast rule to tell you how much insurance to pay... you will really have to get a quote from the insurance company or bike shop...

 

hope this helps to clarify...

[redname]

Originally posted by Kele@Aug 15 2005, 10:20 PM

may i know whats the difference b/w third party and second party?? hi bugger, think for 19 is quite expensive, i'm 19 too, just went ard asking for quotations. All started with at least $800-$1000. But im still not sure whats the diff:giddy:

third party means only can claim if the accident is ur fault & its actually the other party claim u, u can't get any money at all. 2ns party is the same case as 3rd party but at least if ur bike gets stolen or burned, u'll be able to claim

[redname]

19 yr old wanna ride is veri ex. maybe try to get an old & simple bike, someting like RD or rxz lor. if u wanna get sportsbike then prepare to pay a lo, its almost like my age getting a 1 ltr bike

[Kele]

okie thanks guys for the help! guess its all ard that price..

[d3an_cain]

any 1 noes a qoutation for 1st party for a FS-FV plate S4? rider age 20..

 

cos my fren self skidded n buang his bike until not like bike like tat..then he cannot claim cos his is 3rd paty.. now he still need 2 pay the installmentS even though he is nt riding any more..

 

it's better 4 1st party insurance i guess..

[Shawn--]

ehh anyone noe whether NTUC still have da 10% discount ?