about renewing insurance
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my insurance expiery in a month time... i have called up the insurance company to ask about the price for the renewal... 1st party, $12++, second party, $400++, third party, $200++... 1st party is too expensive... i m thinking of changing to third party, really short of cash nw... is anyone using third party insurance? is it advisable for me to change to third party? pls advise... fustrasted nw, the insurance is so expensive...
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first of all, wat bike u riding? then next new or old bike?Originally posted by nufc do2:my insurance expiery in a month time... i have called up the insurance company to ask about the price for the renewal... 1st party, $12++, second party, $400++, third party, $200++... 1st party is too expensive... i m thinking of changing to third party, really short of cash nw... is anyone using third party insurance? is it advisable for me to change to third party? pls advise... fustrasted nw, the insurance is so expensive...
if u r having a sports bike then i tiink 2nd party enough liao
as for mine old bike, take third coz cheap, but only when ur bike catches fire then can claim i think...
my 2 cents worth
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mine is kips bike... ft plate, 11 months old... i am getting worried, i having shortage of cash, then i hv to renew the insurance in a month time... do u think i should change to third party? is there anyone who just ride on the road without insurance, day by day just pass... thank for any advice given...
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riding without insurance is an offence.. play safe don't try..
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nufc do2, have you forgotten that you're riding in Singapore?
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WRONG!!!!......3rd party means that if u bang into pple, or if u are deem to be at fault in causing an accident, the other party can claim against you.Originally posted by milkshake:as for mine old bike, take third coz cheap, but only when ur bike catches fire then can claim i think...
2nd party = 3rd party plus fire and theft, means that is ganna burned as arson or stolen the insuarnce company will compensate u abt 70% of market value
1st party lagi best...if u bang into tree, insurance company will pay all your repair except for a minimum sum called "excess" abt $500-$1500 depending on company -
wa, like tat i buy insurance to let others claim from me uh?Originally posted by hokkie:WRONG!!!!......3rd party means that if u bang into pple, or if u are deem to be at fault in causing an accident, the other party can claim against you.
2nd party = 3rd party plus fire and theft, means that is ganna burned as arson or stolen the insuarnce company will compensate u abt 70% of market value
1st party lagi best...if u bang into tree, insurance company will pay all your repair except for a minimum sum called "excess" abt $500-$1500 depending on company
knn..., like tat might as well dun buy
2nd party doesnt provide covers for accident if buang? then claim from who?
3rd party lei? if buang also cannot claim rite? -
anybody taking 3rd party? is it advisable to change to third party?
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Riding with insurance is an offence. If u dont buy at least 3rd party, how r u going to pay if u really bang into someone? If u knock into a car or hit a person can u afford to pay his medical bills?Originally posted by milkshake:wa, like tat i buy insurance to let others claim from me uh?
knn..., like tat might as well dun buy
2nd party doesnt provide covers for accident if buang? then claim from who?
3rd party lei? if buang also cannot claim rite? -
Therefore, normally old bike will go for just 3rd party. Since ur bike old liao, if u really kena the cost will normal be just slightly more that the minimum sum u need to pay for the insurance mah. More worth it this way.Originally posted by hokkie:1st party lagi best...if u bang into tree, insurance company will pay all your repair except for a minimum sum called "excess" abt $500-$1500 depending on company
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Bo bian one loh...
get 3rd party loh, My case is exactly abt the same as yours.....
But I'm riding SP, keke~~~~
I bought also brand new, then had to take 3rd party liao, due to farking exxxxx insurance.
I also short of cash......
Haiz, so jia lat
Juz be alot more careful loh.... -
2nd party will cover for fire(arson) and theft of bike( whole bike; parts not included), and the other party if it is deem by traffic police that you are at fault in the accidentOriginally posted by milkshake:wa, like tat i buy insurance to let others claim from me uh?
knn..., like tat might as well dun buy
2nd party doesnt provide covers for accident if buang? then claim from who?
3rd party lei? if buang also cannot claim rite?
If you buang a car, and it's proven that it's the other party's fault then u claim from the other party's insurance loh -
Can I know which insurance company u got ur quotations from,ur riding experience & age?I was quoted $1575 1st,$757 2rd.Fu**ingOriginally posted by nufc do2:my insurance expiery in a month time... i have called up the insurance company to ask about the price for the renewal... 1st party, $12++, second party, $400++, third party, $200++... 1st party is too expensive... i m thinking of changing to third party, really short of cash nw... is anyone using third party insurance? is it advisable for me to change to third party? pls advise... fustrasted nw, the insurance is so expensive...
ex.Thinking of selling bike.Really regret buying a first hand bike. -
i getting so fed up, so expensive... nw i have to go look for temp job, earn some money... i dun feel good asking money from my parents, very pai seh, keep on asking from them...Originally posted by VspecR34:Bo bian one loh...
get 3rd party loh, My case is exactly abt the same as yours.....
But I'm riding SP, keke~~~~
I bought also brand new, then had to take 3rd party liao, due to farking exxxxx insurance.
I also short of cash......
Haiz, so jia lat
Juz be alot more careful loh.... -
my insurance company, mitsui sumimoto insurance... nw i just 19 years... heard it will be expensive if u are young, old then cheaper...Originally posted by F50:Can I know which insurance company u got ur quotations from,ur riding experience & age?I was quoted $1575 1st,$757 2rd.Fu**ing
ex.Thinking of selling bike.Really regret buying a first hand bike. -
heard new bikes 1st 3 years MUST buy 1st party coz still new... i dono if its true lah... but u can ask ask ur insurance company, If can get a 2nd party. Fire and theft enough for the moment liao..
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ABSOLUTELY NOT TRUE!!!!Originally posted by TZR:heard new bikes 1st 3 years MUST buy 1st party coz still new... i dono if its true lah... but u can ask ask ur insurance company, If can get a 2nd party. Fire and theft enough for the moment liao..
My motordiam tried to con me saying that under hire-purchasing , the bike HAS to be covered by 1st party insurance...
"FINE....show me which clause in the hire-purchase agreement says so!!"
The owner LL, cannot show me. In fact, I've check the argreement and it just simply state that the rider has to have "valid insurance", which means that we can even choose 3rd party insurance for a new bike if we want to...........
So pple, pls don't get bullshit by those motordiam........they just want to earn more money that's all -
hey, same company wor...Originally posted by nufc do2:my insurance company, mitsui sumimoto insurance... nw i just 19 years... heard it will be expensive if u are young, old then cheaper...
but mine third party $210 nia 