Liability Insurance
Insurance for what the policyholder is legally obligated to pay because of bodily injury or property damage caused to another person.
Frequently Asked Questions
What information will the insurer highlight to me?
- The premium payable
- The excess (for insured and other drivers - named and unnamed)
- The risks or events covered and period of coverage
- Restriction on drivers (if any) …
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What information will I be required to provide to my insurer?
The insurer needs to know some basic information about you. This is to assist the insurer to better assess the underwriting risk so that proper premiums can be set.
It…
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How is my premium priced?
Most insurers in Singapore adopt a "risk factor rating system" when setting your premium. This means that the premium is based on factors other than the vehicle's value or the…
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Can my premiums increase even though I did not make any claim against my policy?
Yes, it is possible. Your claims history is not the only factor your insurer looks at in setting your premium. All insurance, including motor insurance, is about pooling of risks.…
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