Insurance Plan Special Discounts – Protective Driving

December 11, 2017 · Posted in General Articles on Car Insurance · Comment 

When someone gets a traffic citation, one alternative to reduce the price of the fine is to take a protective driving program. On the other hand, with one of these simple programs without receiving a citation, not simply will this program remind you of a few simple safe driving practices you might have forgotten, however it may also provide you with a discount on your auto insurance plan, with specific companies.

Insurance companies determine your rate depending on a variety of factors, in addition to your driving experience, quantity of citations, quantity of accidents, as well as other variables. For more “high-risk” drivers, the rate can be higher because the insurance company should cover more damages compared to safer drivers. On the other hand, when you take a protective driving program, you’re showing your insurance company that you’re more committed to being a safer driver and this may reduce your chances of being in an accident. To find out more about various insurance plan options and inexpensive rates in your area, contact a auto insurance specialist at your soonest convenience.

The following subject issues could be insured in a defense driving program:

* Figuring out risky driving behaviors

* Exactly what it implies to become a protective driver

* Avoidable accidents/collision prevention

* The results of alcohol and drugs on your driving skill

* Safe passing techniques

* Typical driving mistakes

* Speeding

* Making better driving decisions in the future

Though many individuals may know about some of the subject matter in these courses, it is usually best to review these facts and make better choices in the future. If you’re attending these classes for the sole purpose of an insurance discount, it would be smart to contact your insurance agent to ensure the discount will be useful to you.


Auto Insurance Common Terms in California

December 11, 2017 · Posted in General Articles on Car Insurance · Comment 
auto insurance
The terms used in auto insurance are quite numerous, but the most important ones will be outline.

Actual Cash Value (ACV) – This means fair market value in California auto insurance.

Endorsement for Additional Equipment – This means provision of coverage for some parts and equipments which were not installed by the producer.

Adjuster – In California auto insurance, an adjuster is someone who inspects, and determine the loss of an accident under policy terms.

Binder– This means an agreement offering temporary coverage before a policy is issued or delivered.

Broker Fee Agreement – This means the charges for the service provided by the broker to the policy holder.

California Automobile Assigned Risk Plan (CAARP) – This is a coverage made available to persons who cannot buy personal passenger or commercial liability auto coverage due to bad driving history.

Comparative Negligence – This means the percentage of fault that each party contribute to the causes of an accident.

Comprehensive Coverage – This coverage pay for other causes of accident, apart from collision.

Claim – This is notification to insurance company informing them about loss and necessary actions to be taken.

Collision coverage– This covers damage to your car as a result of collision with objects like trees, buildings, etc.

Endorsement– This means a written agreement which adds to or subtracts from and insurance policy.

First Party– This is the person who carries the policy(insured).

Insured – This is the person entitled to coverage benefits when accidents happen.

Insurer – This is the insurance company who pays for damages and give coverage benefits.

Liability Insurance– This covers a policyholder’s legal liability as a result of injuries caused to other people, or damage to their property.

License – This means an authority certificate issued by the Department of Insurance to an insurer to California auto insurance companies to commence insurance transactions.

Limits – This means the maximum sum of benefits that the auto insurance company will pay in the case of an accident.

These are just a few terms used in auto insurance by California auto insurance companies.

What is Auto Insurance?

December 9, 2017 · Posted in General Articles on Car Insurance · Comment 
auto insurance
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

Auto insurance provides property, liability and medical coverage:

* Property coverage pays for damage to or theft of your car.

* Liability coverage pays for your legal responsibility to others for bodily injury or property damage.

* Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

How is your auto insurance policy price determined?

The average auto insurance policy price is derived from a variety of factors.

Many of these variables are common knowledge and make sense for the most part.

it’s always a good idea to refresh yourself with what insurance companies are looking for when determining how much your coverage will cost.

*Driving Record

*Coverage Amount


*Vehicle Model and Driving Mileage

*Your Residence

What auto insurance coverage?

What types of auto insurance coverage to choose from?

*Liability: coverage is the primary – and usually mandatory – part of the auto insurance equation. Liability means what the word implies: it saves your bank balance when you’re liable for destroying someone else’s car or body parts.

*collision: which is not to be confused with liability. Liability pays the bills for damage you cause to the other party; collision covers damage done to your own car. If someone else totals it, his liability pays for repairs (assuming he doesn’t hit and run), so if you can follow the aforementioned tip of not crashing, you generally shouldn’t need collision. In simplified terms, buying collision insurance can be thought of paying someone to save you from yourself. The safer you drive, the less necessary it becomes.

*Uninsured/underinsured motorist coverage, required by most states, is always a good idea knowing that 17% of drivers out there don’t have any insurance, and a lot of the rest probably skimp by on the sometimes-inadequate state minimums. This usually varies in tandem with the body injury part of liability. Don’t sweat it too much, as the premium is a mere fraction of liability.

*Personal Injury Protection (PIP) or Medical Payments (MedPay) provides reimbursement for medical bills of you and your passengers regardless of who’s at fault, and for resulting lost wages. This is an option – one that those with good health insurance plans might not want to exercise.

*Rental reimbursement simply pays for the cost of renting a car. Even if it costs $30 a year, why bother? $30 basically buys a one-day car rental, so it’s hardly worth it unless you get stranded a lot. (In which case, you might want to switch cars.) If you own a second car, this is completely unnecessary. The same reasoning applies to towing insurance and the like.

*GAP insurance, which covers the difference between what the car is actually worth and what you owe. This might be an attractive proposition for a car that with heavy depreciation, which is a symptom suffered by young cars in general. A $20,000 car might drop to $12,000 in market value after a year. If you total the car at that point, $12,000 is all you’ll get from your insurance company, yet you’re still obligated to the $16,000 in payments that still remains. Obviously, $4,000 is one gap you’ll want closed.

Can you raise or lower your auto insurance rate?

There are 10 factors that can raise or lower auto insurance rates

*Your Age

Generally younger drivers are considered to be high risk and so the insurance rates are higher.

*The make of your car

Most insurance companies tabulate auto insurance rates based on the make of the vehicle. Compact cars and sedans have lower rates while sports models, exotic cars, and SUVs are assigned high rates of premium.

*Gender is a factor too

Females get lower rates of auto insurance while males pay higher auto insurance premiums.

*Financial stability

Auto owners with great credit scores and credit reports generally pay lower premiums than those with bad credit scores and reports.

*Driving records have a say in premiums payable

If a driver has a clean driving record for three consecutive years then auto insurance providers will happily extend policies with lower premiums.

*Where you stay

Those who live in the city pay more than individuals who live in the country or suburbs. Areas with lower crime rates and less congestion attract lower auto insurance premium rates.

*How many insurance policies you hold

If you approach for auto insurance the same insurance company that has you covered for life, health, hone and so on then you would automatically be eligible for great discounts on premiums payable for an auto insurance policy.

*The condition of the car will be considered before offering a policy

The make, how old the vehicle is, its maintenance, and so on. A car in prime condition will get better premium rates than a rattletrap.

*The distance traveled per year

If you restrict the number of miles traveled then you will be able to get auto insurance at lower rates. To do this you need to walk, use public transport, and car pool.

*Whether or not you are eco-friendly

If you care for the environment and drive a non polluting vehicle then the auto insurance premiums will be lower.

Why do you need international vehicle insurance?

If you live in a foreign country for an extended period it is important to ensure that your vehicle is properly insured at all times. International vehicle insurance is specially designed to meet the needs of:

* Diplomats.

* Expatriates.

* Humanitarian organizations.

* International businesses.

* International charities.

* International schools.

* Religious orders.

* United Nations agencies.

International Vehicle Insurance should include cover for:

* Accidental damage, fire and theft risks.

* Protection against windscreen breakage and for fitted accessories such as audio equipment.

* Additional protection against riot, civil commotion, hijacking and armed robbery.

* Hurricanes, earthquakes and flooding.

* Payment of the purchase price for a seriously damaged or stolen car that is less than 12 months old (on Non-commercial Policies only).

* Immediate cover anywhere in the world (except the USA and Canada).

* Multiple vehicle and fleet discounts.

Can your age be a problem in auto insurance?

In auto insurance know as the age factor.

Your age can be a big problem in auto insurance. It could also be a great advantage. Whichever group you fall into, there’s a way for you to make the most remarkable savings in your auto insurance premium.

*If you’re above fifty-five thank your stars. You’ve entered the hallowed zone in auto insurance. If you don’t get pampered by an auto insurance provider now, you never will. This is because you belong to an age group that has a high reputation of road safety.

*If you’re under-25, you’re considered a very high risk as far as auto insurance is concerned. Yes, if you’re in your early twenties you’ll be better off than a teenager. However, you still are a high risk group.There are several options open to you.

-You can get married if you are old enough and it makes sense in your circumstance. I’m not kidding here. Marriage does reduce the perception of risk auto insurance providers have of you.

-Another thing you can do as an under-25 is to be on your parent’s auto insurance policy.

Why is Women’s auto Insurance So Much Cheaper Than Men’s?

Statistically, women drivers are the safest on roads, and therefore are rewarded with cheaper premiums for car insurance. Women on Wheels combines these discounts with supreme cover, that automatically includes a free replacement car (on comprehensive), free abroad travel, and free legal cover!

Getting Inexpensive Auto Insurance Plan Online

December 2, 2017 · Posted in General Articles on Car Insurance · Comment 

The auto insurance plan industry has changed much in the last decade. Getting quotes & looking for insurance plan used to be an inconvenience. However these days, you can obtain quotes online from the comfort of your own home. There are plenty of insurance companies around the simple to find a plan to meet your requirements. Actually, getting inexpensive auto insurance plan online has never been easier. On the other hand, there are a lot of things that you have to know in order to obtain the best offer. By using some tips you are able to save huge on auto insurance.

The greatest change since twenty years ago in obtaining auto insurance plan is that quotes are far easier to obtain these days. The Internet has allowed every insurance company to give out quotes almost quickly. Plus, you will need to call, write, or talk to an agent. You can obtain quotes right from your living room or bedroom.

You do not get to give away much private information, and you find results almost easily. This makes it less difficult to compare quotes & plans. Your quotes will vary greatly from company to company, and sometimes people discover that the main difference between highest quote & the lowest quote that they obtain is more than $100. During the period of years, that actually adds up. That is why it is very important to have many quotes when you ever choose the company.

Tips for save your money

One great tip to get low cost auto insurance online is to choose a plan using a high insurance deductible. The insurance deductible is the amount that you pay until the insurance company starts paying. For instance, if you’ve a $250 insurance deductible & have $1000 of damage to your car, you’ll pay $250 and the insurance company will pay $750. The higher insurance deductible implies that you will pay more with your own money when you’ve a wreck. On the other hand, the insurance company will charge you much less per month for a plan with a higher deductible. Unless you plan on using your insurance a lot, it’s much cheaper to get a plan with a higher deductible.

Another important aspect of any inexpensive auto insurance plan online is your driving record. People with fewer speeding tickets, traffic signs, & other risky driving behaviors can get better rates from the insurance company. If you do have tickets on the record, you might be able to get a slight discount by taking a defensive driving course or other driver’s education program.


Insurance Companies in Singapore

November 28, 2017 · Posted in General, Singapore · Comment 

Insurance Companies In Singapore

AXA Singapore

AXA Singapore, a member of one of the world’s leading financial institutions, we aim to provide you with quality financial advice and solutions for every stage of your life. From wealth management to property and liability protection, we offer you solutions that are designed to give maximum value and comprehensive protection.

Allianz Group

The Allianz Group has been operating in Singapore since 1981. Over the years within this highly competitive market, we have achieved commendable growth.With our long term goals set, we are pursuing further growth in our market share.

ACE Insurance Limited

ACE Insurance Limited is a member of the ACE Group of Companies, which, as at 31 December 2006, had world wide assets of US$67billion and an ‘A+’ rating (Standard & Poor’s). The ACE Group is one of the world’s leading providers of insurance products and operates in over 50 countries.

American International Assurance Co Ltd

American International Assurance Co Ltd, World leading insurance company operating in Singapore.

American Home Assurance Company

American International Group, Inc. (AIG) is the leading U.S-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world.

China Insurance Co (Singapore) Pte Ltd

Established in 1938, China Insurance Co. ( Singapore ) Pte Ltd (“CICS”), is formerly known as China Insurance Co. Ltd, Singapore Branch. In 2001, the company merged with The Tai Ping Insurance Co. Ltd, Singapore Branch. On 1 January 2003, China Insurance Co. Ltd, Singapore Branch was restructured into China Insurance Co. ( Singapore ) Pte Ltd.

Federal Insurance Company

Chubb is a premier provider of executive protection insurance, thanks to our customer-first claims approach, financial strength and local presence.

Singapore Reinsurance Corporation Ltd

SingRe is the only indigenous reinsurer having been established in 1973 by all the insurers then operating in Singapore.SingRe aims to be a professional reinsurer of high repute, offering our business partners innovative value added services and solutions

Swiss Reinsurance Co

We offer a wide variety of reinsurance products and financial services solutions to manage capital and risk.

X.L. Re Ltd

We are committed to providing innovative products and solutions to our customers and to delivering value to our shareholders. Our strategy is straightforward. We aim to make the most of our fundamental strengths – capital and people, and to best leverage our global and diversified platform.

Life is Great

Provides general life insurance. Contains company profile, list of products and contact details.

HSBC Insurance (Singapore) Pte. Limited

HSBC Insurance (Singapore) Pte. Limited is a wholly owned subsidiary of HSBC Insurance (Asia Pacific) Holdings Limited, which is ultimately owned by HSBC Holdings plc, the London-based holding company of the HSBC Group. HSBC Group is one of the world’s largest banking and financial services organizations, with major personal, commercial, corporate and investment banking and insurance businesses operating in some 10,000 offices in 82 countries and territories in Europe, the Asia Pacific region, the Americas, the Middle East and Africa.

TM Asia Insurance Singapore Ltd.

TM Asia Insurance Singapore Ltd. is one of the oldest general insurance companies in Singapore. We offer a wide range of general insurance products that will meet your personal and business risk management needs. You can find out more about our products, get a quote, buy online, renew your policy.

Singapore Insurance.

Singapore Insurance provides service for Life insurance and medical insurance in Singapore. Online quotation and application is available.

Aviva Life Insurance Singapore

From its humble beginnings as a fire insurance office in London in 1696, the Aviva Group has grown from strength to strength spanning over three centuries. Recent events which underpinned its prominence in the financial services industry even further — the merger of Commercial Union and General Accident in 1998 to form CGU and the merger of CGU and Norwich Union in 2000.

Pacific Prime Insurance Company

Feeling comfortable in the knowledge that if something was to happen to a family member their medical costs will be taken care of, is important to us all. Our expert consultants can advise on the most suitable level of coverage for families, individuals, groups, travelers, and teachers expatriate health insurance.

Mitsui Sumitomo Insurance (Singapore)

Mitsui Sumitomo Insurance Singapore has established itself as a prominent player in the local insurance market since 2001. We certainly would like to play an important role in the growth of Singapore, having regard to the fact that we have been here for over 40 years, and having witnessed Singapore’s transformation from a fishing village in the 60’s to the dynamic financial centre that she is now.

Manulife (Singapore) Private Limited

The merger of Manulife Financial and John Hancock, including its Canadian subsidiary Maritime Life, combines exceptionally strong companies into a dynamic global market leader headquartered in Canada. As our customer, you will benefit from our dedication to excellent customer service, our greater depth of talent, and an enhanced array of unique and innovative financial solutions for every stage of life.

Royal and Sun Alliance Insurance (Singapore) Limited

Royal & Sun Alliance is one of the largest foreign insurers in Singapore, with origins dating back to 1827. The Group consists of three regions (UK, International and Emerging Markets) with operations in 27 countries, providing insurance products and services in over 130 countries through our network of global partners.

SHC Capital Limited

SHC Capital Limited is the insurance arm of See Hoy Chan Sdn. Berhad Group. We offer a wide range of general insurance products that cater to the different needs of individuals and corporations.

Shenton Insurance

Shenton Insurance Pte Ltd is a direct general insurer specialising in health insurance and employee benefit solutions. Programmes include outpatient coverage, traditional hospitalisation and surgical (H&S) plans, managed care programmes and flexi-benefits schemes. Shenton Insurance covers industries ranging from financial to telecommunications to retail clients.

Cosmic Insurance Corporation Limited

The company experienced steady progress from a minor player in the insurance industry to being among the top 10 general insurers in Singapore. Cosmic’s gross turnover premium is well in excess of $60 million today. Its business comprises of all classes of general insurance.

Ecics Limited

ECICS Limited is provider of a broad range of credit insurance and, bonds and guarantees programmes.ECICS Limited is a wholly owned subsidiary of publicly-listed IFS Capital Limited (“IFS”). IFS is a recognised financial institution which specialises in short- and long-term financing services for enterprises in a wide spectrum of industries.

Euler Hermes Kreditversicherungs- Ag

We have been active in Singapore since 2000 and have a mature operation with clients in Singapore, Malaysia, Thailand, India, Indonesia, Philippines, UAE, Qatar and Saudi Arabia. We are proud of the services we are offering and we are poised to develop them further.

Financial Security Assurance Incorporated

The fundamental core of our financial guaranty business is careful underwriting of transactions where the probability of default is remote and, in case of default, the expected severity of loss is low. We therefore focus on municipal bonds, infrastructure financings, asset-backed securities and certain other structured transactions that meet these criteria.

Groupama Transport

Groupama Transport(1), the marine insurance company of the GROUPAMA(2) group, whose activity has for more than a century been exclusively dedicated to Marine insurance in France and world-wide, has recently opened up to aviation and satellite insurance.

Nipponkoa Insurance Company Limited

Japan’s third-oldest non-life insurance provider, the Company commands more than 9% of Japan’s non-life insurance market, which ranks as one of the largest in the world, together with those of United States, Germany, and England.

Sompo Japan Insurance Company (Asia) Private Ltd.

General insurance for corporate and individual needs including property insurance, marine insurance, general accident insurance, workmen’s compensation and motor insurance

Tenet Insurance Company Limited


At Tenet, our vision is to become the premier insurer in our chosen market segments of personal lines, marine as well as small and mid-sized enterprises. We also aim to be recognised for our professionalism, innovativeness and quality services at competitive prices.

Associations & Institutions

Singapore College of Insurance


The Singapore College of Insurance (SCI) is a not-for-profit, industry-based training and professional education provider that was set up in 1974 in support of Singapore’s aspiration to be a major international financial centre in the region. For over 30 years now, SCI has drawn on its passion for industry development and continuous learning in the fields of Insurance, Risk Management and Financial Services to build a strong international reputation for high quality, industry-relevant training and education programmes.

Life Insurance Association Singapore


Life Insurance Association Singapore has established to promote the growth and development of the Singapore life insurance industry and to protect interests shared by life insurers and policyholders.

General Insurance Association of Singapore (GIA)

As a trade associations within the General Insurance (GI) industry, GIA’s role is to be active in the GI industry environment on behalf of its members, forecasting and responding to issues that may arise, and anticipating opportunities to identify, shape and influence change support of members’business needs.

Singapore Insurance Institute


Singapore Insurance Institute came into exitance to serve as the institute for professionals in insurance and financial services.To promote professional standards and conduct in the insurance and financial services industries.

Singapore Deposit Insurance Corporation (SDIC)

The Singapore Deposit Insurance Corporation (SDIC) administers the Deposit Insurance Scheme in Singapore (Scheme). SDIC is a company limited by guarantee under the Companies Act. The board of directors is accountable to the Minister in charge of the Monetary Authority of Singapore.

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