What else are you looking for from being insured in your vehicle? There are so many factors to choosing a motor insurance policy. There are several types of policies to choose from, benefits, different features, and sometimes legal jargon to wade through. There are ins and outs of the cover to show you how finding the right car that covers you is made easy nowadays.
G&M has one the most sought-after motor insurance in Singapore. But, first of all, you need to decide which motor insurance level is the best for your circumstances. There are three types of motor insurance:
- Third-party
- Fire and theft
- Fully comprehensive
The three levels of cover
The third-party insurance will payout for the damage or any injury caused by you to their property while driving. Any damage to the owned vehicle is not covered nor not making a claim on the motor insurance if the car was stolen or damaged by someone. The type of cover you picked may be right for you if the vehicle is not worth much and you could afford to replace it comfortably in the situation that it was damaged or written off.
Fire and theft insurance may provide the same protection as the third party, but also covers you when the car is damaged or stolen by fire. If the choice of car is cheaper, a second-hand one may let you consider taking out a third party, a good option is the fire and theft insurance. This type of insurance does everything for a third party. Fire and theft do plus cover the vehicle against the loss of damage if the accident is caused by you.
Additions to the insurance
A lot of these policies come with add-ons, such as:
- Free courtesy of the car is being repaired
- Free handbag or breakdown cover
Thus, look out for extra benefits as a part of the motor insurance package. In this way, you have the choice of which cover is right for you. It is helpful to make a comparison to figure out which one is perfect for you. The price is not just all-important but also the policy offered.
Think about how you can generate savings on motor insurance premiums. Take note, motor insurance doesn’t just cover the repair of the vehicle since there are more benefits covered on the policy that would surprise you. Before purchasing motor insurance, read on the policy to know if it is the right one for you.
