Motor Insurance

[d0n]

Originally posted by wildist@January 17, 2007 11:30 am

hey guys i need to ask a question.

i am turning 18 this year, and i cant apply for my bike license until my birthday which is in october. however, i am planning on buying a bike first. i am aiming for a phantom 200cc. second hand. i am aware that i am not allowed to own a bike until i am 21, or so i was told. one question i need to ask is can my sister, who is 21, but has no bike license, only car, buy the bike on my behalf, first. then i pay for the seasonal parking and put the bike at the carpark till i get my license?

anyone can enlighten me on this, i have the money to buy the bike, but i am confused over the legal issues regarding this. because i plan to buy my bike first, under my sister's name. must i pay coe and insureance to park my bike? and in the first place can my sis buy the bike under her name? lastly, can she buy the bike for me without a bike license?

dude

2nd hand phantoms are everywhere

it would be 300% better for u to go for yr class 2B lessons 1st and get hold of a licence before u start to aim for a bike

 

reasons being:

- there is no value-added to yrself for keeping a bike unused in the carpark

- why tie yrself down with the cost of maintenance (e.g. parking fees, insurance premium, road tax, etc) before u even fully commit yrself to riding a Phantom? what if after u passed yr licence and suddenly u realise other model of bikes are more attractive to u?

 

well, just offering my 2 cents worth of opinion.

 

anyway can try calling 1800-CALL-LTA to check with them with regards to whether a non-2B licence holder can own a 2B bike and whats the procedures like.

[ViN]

Hi guys..wonder if someone can tell me currently an other insurance company still doin bike insurance?? like KR?.. i noe got NTUC la.. but Mitsui still got?.. or got others?

 

hope u guys can help.. thx..

[hailang_82]

who got the tel no to call mitsui to ask for a quotation of bike insurance?

[d0n]

For Mitsui, call their authorised agent Commercial Insurance @ 63373133

For AXA, call their authorised agent (forgot what name) @ 65542288

 

[xb84]

will motor insurance co. inform us of the full amount that third party claimed from our insurance? i was being claimed but dont know if they nv mail me the info or incident still ongoing.

[kurarensu]

anyone got NTUC webbie? i wana get a quotation for rs125, 18yrs old, 3rd party price.. anyone know also can PM me

[eFzek17]

to all experts in insurance thingy. got one ques here

 

my current insurance will end mid feb next month. however i already paid for the new insurance that means 07/08 ones where i bought 3rdparty fire and theft. however i though of changing just to a normal 3rd party without the fire and theft.

 

so can i change party from the 3rd PFNT to a normal 3rd party?

will i get the full amount back if i managed to cancel the 3rd PFNT as my policy haven take effect(which is nex month)?

 

thanks

[d0n]

Originally posted by kurarensu@January 20, 2007 09:35 pm

anyone got NTUC webbie? i wana get a quotation for rs125, 18yrs old, 3rd party price.. anyone know also can PM me

bro

using any search engine can get u the webpage

 

http://www.income.coop/insurance/motor/index.asp

 

[cOngx]

about a question

 

point ...

1) When you are transfering a bike, the party u are transfering to must have insurance.

 

so if the buyer gets a new set of insurance for e.g my bike fbz1a and i already got a set of insurance for fbz1a.

Must i terminate mine before he can make a insurance for the bike.

If dont need doesnt mean there is 2 insurance for the bike n 4 pple can ride it?

 

If cant when u terminate already means from the point of terminate u cannot ride ur bike and only the buyer can ride it?

[d0n]

Originally posted by cOngx@January 22, 2007 06:48 pm

about a question

 

point ...

1) When you are transfering a bike, the party u are transfering to must have insurance.

 

so if the buyer gets a new set of insurance for e.g my bike fbz1a and i already got a set of insurance for fbz1a.

Must i terminate mine before he can make a insurance for the bike.

If dont need doesnt mean there is 2 insurance for the bike n 4 pple can ride it?

 

If cant when u terminate already means from the point of terminate u cannot ride ur bike and only the buyer can ride it?

yes. for a period of a few days, there can be 2 insurance policies running concurrently for the same motorbike

 

the keypoint here is 'a few days' and it will remain as 'a few days' because:

 

1. no buyer would want to buy the insurance so early in advanced before the actual date of transfer cause he wouldnt be utilising the insurance in between that waiting period

 

2. after transfer is completed, no buyer would wan to let the seller continue riding the bike. this one needs no explaination

 

3. no seller would wan to continue keeping the insurance for the bike he has already sold if he can be entitled to some form of a rebate/refund for the unused portion of the insurance coverage frm the insurer

 

when kena stopped at by TP or other authorities, they are able to check out if the name of the vehicle owner matches the name of the main rider on the insurance certificate.

 

i believe they are still able to give u some grace time to ride the bike home to park immediately after the ownership transfer, provided u have yet to cancel yr insurance for the bike.

[hailang_82]

Originally posted by d0n^@January 20, 2007 01:56 am

For Mitsui, call their authorised agent Commercial Insurance @ 63373133

For AXA, call their authorised agent (forgot what name) @ 65542288

 

hi,

 

Thanks for helping.

[seatiger]

Hi need some help here. After I got my licence revoked, are my previous riding experience still valid when buying insurance?

[2_wheeler]

Originally posted by seatiger@January 25, 2007 09:36 pm

Hi need some help here. After I got my licence revoked, are my previous riding experience still valid when buying insurance?

it will based on your riding licence passed date.

[The Monopoly Man]

NTUC got installment plan for insurance zero intrest. do any 1 know other insurance company also got this installment plan?

[josho]

I was wondering that as a sub rider, do I have to pay the insurance for one whole year or I can pay for just one mth? My friend told me it can be done for just a mth insurance and it is from NTUC insurance. hmmm....

[Kenix]

Need to ask, is AXA's quote cheapest among the others like NTUC & Mitsui? There's no difference for the 3rd party insurance quoted by respective company right? Sorry to ask but I need to confirm since I'm new to get a bike...

[aRcHeR]

qns!

 

what's the average premium for a rider aged 21, going for 3rd party, most prob aiming a wr200 scrambler?

 

does nationality comes into play with regards to the premium?

[maniahk]

hi archer, its abt 500+ for ntuc, mite differ for mitsui but i cant get e quote offhand..

[aRcHeR]

thanks maniahk

[compfused]

Heard some rumours that Mitsui cannot extend (for 2-3 months) insurance already..Must extend 1 year then if don't want anymore just terminate..True?

[chongwei]

Originally posted by aRcHeR@February 07, 2007 02:17 am

qns!

 

what's the average premium for a rider aged 21, going for 3rd party, most prob aiming a wr200 scrambler?

 

does nationality comes into play with regards to the premium?

im 21 this yr but haven bday so still count as 20.

i just bought a wr200 and the insurance from ntuc which is $612

mitsui $640

[jz22]

just third party right?

[kazaf99]

my insurance ending april....rd tax ending march

from wat i koe ur insurance muz be longer then ur rd tax..which means i need to renew my insurance now .....my bike still under loan fer 2 months( took a 1 yr loan) i called mitsui they refer mi back to my bike shop

means my insurance die die muz let them do?

i scare they charge high courier fees leh....

[compfused]

Originally posted by kazaf99@February 21, 2007 10:39 am

my insurance ending april....rd tax ending march

from wat i koe ur insurance muz be longer then ur rd tax..which means i need to renew my insurance now .....my bike still under loan fer 2 months( took a 1 yr loan) i called mitsui they refer mi back to my bike shop

means my insurance die die muz let them do?

i scare they charge high courier fees leh....

Same case as me..What I did was extend my insurance to end as the same date as my next road tax (6 mths)..

[xwei54]

any comment for AXA (Anda insurance)?

 

cos they quote me $393.75 for third party for a wave r, and i m 24 years old, just got my licence this year.

 

then mitsui quote me : $493.50

ntuc : $610

 

the difference alot leh... is there any catch?