Types of Private Motor Insurance Cover

 

In Singapore, private motor insurance applies only to the following areas:

- The Republic of Singapore

- West Malaysia

- Part of Thailand within 50 miles of the border between Thailand & West Malaysia

There are 4 general types of Motor Insurance:

1] Act Liability Only

- This is the only compulsory cover in Singapore

- Covers only death or bodily injury to third-parties (including passengers)

- This cover is usually not sold on its own

2] Third-Party Only

- Covers death or bodily injuries to third-parties and/or passengers, and also covers damage to property belonging to third-parties

3] Third-Party, Fire & Theft

- Covers death or bodily injuries to third-parties and/or passengers, and also covers damage to property belonging to third-parties

- Plus covers loss or damage resulting directly from Fire and Theft Only

4] Comprehensive

- This cover has the widest protection, it covers the Insured’s liability for causing death/bodily injury or property damage to third-parties (including injury/death to passengers)

- Also covers damage to vehicle the Insured owns

- It can provide for reasonable medical expenses incurred arising from his own bodily injury and also Personal accident benefits

An examples of a Comprehensive plan is AIG Auto Plus.. 

AIG Auto Plus Brochure download:

http://www.aiggeneral.com.sg/Images/AutoPlus%20Brochure%200409_tcm440-66918.pdf

For more information, please drop me an email: mark.lim@aia.com.sg