Motor insurance policy; why that increment year on year ?..

[Fishypie]

..when last year's coverage for the same car have increased by 16% ?..agent said it was mainly due to
the spike in COE prices..
Being a nerd in 'all-things-about-motor-insurances'; is he being honest over his claims ?..
Can some brothers here in the know provide further insights..thanks very much.

 

[congo9]

..when last year's coverage for the same car have increased by 16% ?..agent said it was mainly due to
the spike in COE prices.. atty
Being a nerd in 'all-things-about-motor-insurances'; is he being honest over his claims ?..
Can some brothers here in thAtty this ratee know provide further insights..thanks very much.

At this rate, our NDS must hit 80%.

 

[po2wq]

... Can some brothers here in the know provide further insights..thanks very much.

ur big boss nids mor moni so dat he can pay u ppl lor! ... wat else? ...

 

[Fishypie]

ur big boss nids mor moni so dat he can pay u ppl lor! ... wat else? ...

How my aVatar like this can ?..

 

[Cestbon]

Insurance don't cover COE. Don't con by agent.
COE unused due to scrap early/lost/fire/declare total lost by insurance.
Insurance only cover car value on paper. LTA cover pro rated unused COE on paper.

 

[sunlee2002]

The COE is not insured but some companies offer insuring the COE /PARF Value.... By insuring the coe/parf, the insurer will pay you back and recover the amount from LTA directly ... But by not insuring you get back this amount directly from lta.. it is indeed an "administration" fee charge by the insurance company as all they do is to help you claim the PARF & COE.. there is absolutely no risk to the motor insurance companies, as full balance amount is recoverable from LTA. but insuring the COE/parf you save the trouble for doing it yourself.

 

[bushtucker]

downgrade to third party fire and theft policy. will save you a few hundred dollars.