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Thread: CAR Insurance

  1. #1

    Default CAR Insurance

    Expiring soon....

    Any recommendation?

    Currently NTUC... should I continue?

  2. #2
    Senior Member CS TAN's Avatar
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    Default Re: CAR Insurance

    I think you should contact a motor reassurance company (aka motor insurance broker). They have access to more than one insurance company and therefore can provide you with more options and better quotes for you to choose. I know because I went with a broker recently and manage to drop my premium about 1/3 with basically same coverage and excess amount.

    When talking to the broker, you will need to tell them what is important to you. e.g. excess amount, dealer workshop vs authorized workshop, NCD protection, etc... They can in turn provide you with a quote that meets your need.
    Canon 5D Mark II | 24-105L | 35L | 85L II | 135L | Samyang 14mm 2.8

  3. #3
    Senior Member azul123's Avatar
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    Default Re: CAR Insurance

    Quote Originally Posted by CS TAN View Post
    I think you should contact a motor reassurance company (aka motor insurance broker). They have access to more than one insurance company and therefore can provide you with more options and better quotes for you to choose. I know because I went with a broker recently and manage to drop my premium about 1/3 with basically same coverage and excess amount.

    When talking to the broker, you will need to tell them what is important to you. e.g. excess amount, dealer workshop vs authorized workshop, NCD protection, etc... They can in turn provide you with a quote that meets your need.
    Tell more, contact and company.

    ../azul123

  4. #4
    hey jude
    Guests

    Default Re: CAR Insurance

    It all boils down to services rendered when something happens and you need to do a claim.

  5. #5
    Senior Member CS TAN's Avatar
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    Default Re: CAR Insurance

    Quote Originally Posted by azul123 View Post
    Tell more, contact and company.

    ../azul123
    You have a PM...
    Canon 5D Mark II | 24-105L | 35L | 85L II | 135L | Samyang 14mm 2.8

  6. #6

    Default Re: CAR Insurance

    Quote Originally Posted by CS TAN View Post
    You have a PM...
    Did you PM me?...

  7. #7

    Default Re: CAR Insurance

    Quote Originally Posted by CS TAN View Post
    I think you should contact a motor reassurance company (aka motor insurance broker). They have access to more than one insurance company and therefore can provide you with more options and better quotes for you to choose. I know because I went with a broker recently and manage to drop my premium about 1/3 with basically same coverage and excess amount.

    When talking to the broker, you will need to tell them what is important to you. e.g. excess amount, dealer workshop vs authorized workshop, NCD protection, etc... They can in turn provide you with a quote that meets your need.
    Where did you learn that motor reassurance company term from?

    For the benefit of the community here, there are 2 types of insurance intermediary:

    1. General Insurance Agent (GI Agent)

    2. General Insurance Broker (GI Broker)

    Simply put, a GI Agent represent an insurer. A GI Agent work for the interest of his insurer he represented. He can represent up to a maximum of 3 insurers.

    As for a GI Broker, he represent the interest of his client. He will take the insurance requirements of his client and go to the insurance market to source for the best deal available. He has access to all insurers that is registered in Singapore.

  8. #8
    Senior Member CS TAN's Avatar
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    Default Re: CAR Insurance

    Sorry for the confusion. The one I am dealing with is an insurance broker.
    Canon 5D Mark II | 24-105L | 35L | 85L II | 135L | Samyang 14mm 2.8

  9. #9

    Default Re: CAR Insurance

    Great.. I am still learning.....!

    Thank you for all the input!

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