Motor Insurance

[2_wheeler]

Originally posted by katana777@May 3 2005, 03:06 AM

if i had a NCD20% on cars, can i bring it over to bike? example buying new bike?

car 4 wheeler, bike 2 wheeler.... different catalogue la

[2_wheeler]

Originally posted by Gary.Ho@May 4 2005, 06:48 PM

wat do u mean by road experience?

new rider and old rider also priced differently

[etky85]

now insurance increased right? does any one know roughly how much a budget insurance company would quote for a ta200 by my name.. p plate.. anyway which insurance company is the most budget..

[kennethy]

hi 2_wheeler,

 

I hear NTUC is accepting S4 again. Can you kindly confirm if this is the case?

 

Also, first 1st party, what is the excess?

 

Thank you in advance...

[2_wheeler]

Originally posted by kennethy@May 8 2005, 02:31 PM

hi 2_wheeler,

 

I hear NTUC is accepting S4 again. Can you kindly confirm if this is the case?

 

Also, first 1st party, what is the excess?

 

Thank you in advance...

we have started to accepting S4 since MAY 2005.

 

there was no problem even if we still declined S4, as I was still able to get the insurance for them.

[arjen]

Hi 2 wheeler, having some doubts with insurance on NTUC side.

 

 

I used the quotation form online for NTUC to do a quote for my new insurance for it. To my horror it came out $700+ for it for a 3rd party only!

I am 21, Probation period over, Riding a Phantom 200. No NCD . No Claims history.

 

However I got a quote from Mitsui, its only $310.

 

Just trying to clear my doubts on the huge price range for insurance..

 

Kindly advise!

[kennethy]

Originally posted by 2_wheeler@May 19 2005, 12:37 AM

we have started to accepting S4 since MAY 2005.

 

there was no problem even if we still declined S4, as I was still able to get the insurance for them.

thanks 2_wheeler. what about the excess for 1st party?

[2_wheeler]

Originally posted by arjen@May 20 2005, 03:31 AM

Hi 2 wheeler, having some doubts with insurance on NTUC side.

 

 

I used the quotation form online for NTUC to do a quote for my new insurance for it. To my horror it came out $700+ for it for a 3rd party only!

I am 21, Probation period over, Riding a Phantom 200. No NCD . No Claims history.

 

However I got a quote from Mitsui, its only $310.

 

Just trying to clear my doubts on the huge price range for insurance..

 

Kindly advise!

one in NTUC Income and the other is Mitsui that's why.

different plan of coverage also different price.

[2_wheeler]

Originally posted by kennethy@May 22 2005, 12:49 PM

thanks 2_wheeler. what about the excess for 1st party?

super 4 excess is $500

[Tyrian]

what is the meaning of excess?

[2_wheeler]

Originally posted by Tyrian@May 26 2005, 10:00 AM

what is the meaning of excess?

excess is the amount you need to pay if there was a claim.

[Tyrian]

so besides paying for my annual premiums, i still have to pay for the excess if i get into an accident??

 

 

does 1st party oso have excess?

[kennethy]

yes, that's what I am asking. Cos for my 1st party with AIG also have about $500+ of excess.

[Tyrian]

that's like being forced to buy an unbrella with a hole..

[kennethy]

it's like as if you have a choice not to buy...

[CivicR]

Hi guys just want to know what is this loading charge of 30% being imposed on my premium?

[2_wheeler]

Originally posted by Tyrian@May 26 2005, 11:11 PM

so besides paying for my annual premiums, i still have to pay for the excess if i get into an accident??

 

 

does 1st party oso have excess?

it is not when you get into an accident.... it's when there is a claim on your insurance policy.

 

if you can claim on your own policy it's either own damage, Fire or Theft.

 

own damage - there is an excess

 

Fire & Theft - some has excess

 

3rd party (meaning those who claim from your policy) - some has excess

[kennethy]

I believe the loading is due to a claim you made on your previous year...

 

When you made a claim, you not only lost your NCD, there might also be a loading factor on you since you are considered the 'higher risk' riders.

 

please correct me if the understanding is incorrect.

[Tyrian]

a question: is it true that if i change bike every year, i can never gain any NCDs?

[kennethy]

dun think so, cos NCD can be carried over.

 

say if I have 10% this year and I decided to change insurance company or change bike, I can bring it over to the new insurance company / bike...

 

fellow bikers, do correct me if otherwise. thanks...

[aH_gUAn]

May i knw if NTUC got take in superfour?

 

If have, hw much will it cost for a person 31 years old with more then 2 year exp?

Then if i added in as sub rider, then i will still enjoy the same rate rites?

 

Can anyone clarify with me?

 

Thanks

[tweakmax2]

how to we ask the insurance company how much for my premium next yr.. let say i am using mitsui till sept 05... i must go to mitsui or ntuc before my expire date is it ??

and which is cheaper?? ntuc or mitsui ?

pls guide mi .. i do not have any more installment..

[Fass]

Originally posted by tweakmax2@Jun 9 2005, 12:21 PM

how to we ask the insurance company how much for my premium next yr.. let say i am using mitsui till sept 05... i must go to mitsui or ntuc before my expire date is it ??

and which is cheaper?? ntuc or mitsui ?

pls guide mi .. i do not have any more installment..

Just call them and ask, then they will ask you for particulars and give you a quote

[2_wheeler]

Originally posted by tweakmax2@Jun 9 2005, 12:21 PM

how to we ask the insurance company how much for my premium next yr.. let say i am using mitsui till sept 05... i must go to mitsui or ntuc before my expire date is it ??

and which is cheaper?? ntuc or mitsui ?

pls guide mi .. i do not have any more installment..

you will know the premium a month before the expiry of you insurance. you'll not get the correct premium now as the premium could be different when you renew.

[redash]

Hi, anyone can advise the pros and cons of renewing insurance through the bikeshop? The quotation didn't seem to be deviate much higher than doing it on my own. Thanks.