Sehiresnafi
  • Home
  • Business
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Editorial Policy
    • Policy Of Cookies
    • Write for us business
No Result
View All Result
  • Home
  • Business
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Editorial Policy
    • Policy Of Cookies
    • Write for us business
No Result
View All Result
Sehiresnafi
No Result
View All Result
Home Lifestyle

What is Motorbike Insurance? Everything You Need to Know

Radhe by Radhe
June 20, 2022
in Lifestyle
0
What is Motorbike Insurance? Everything You Need to Know
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Whether your motorbike is your daily commute or your weekend joyride, it’s essential to have the right insurance to protect yourself, your bike, and others on the road. Motorbike insurance is designed to cover the cost of repairs or replacements if your bike is damaged in an accident, stolen, or vandalised. It can also provide liability coverage if you cause an accident that injures someone else.

There are a few different types of motorbike insurance available in Singapore, so it’s vital to understand your options before choosing a policy. Read on to learn more.

Different Types of Motorcycle Insurance Available in Singapore

There are three main types of motorbike insurance in Singapore. These are:

Comprehensive Motorbike Insurance: A fully comprehensive motorcycle insurance policy will cover the cost of repairs or replacements if your motorbike is damaged in an accident, stolen, or vandalised. It will also provide liability coverage if you cause an accident that harmed someone else. Comprehensive Motorbike Insurance is the highest level of protection you can get, and it’s typically the most expensive.

Third Party Only (TPO): TPO motorbike insurance only covers damage and injuries caused to other people. It doesn’t cover you for any damage to your bike. TPO is the most basic level of cover, and it’s usually the cheapest.

Third Party, Fire, and Theft (TPFT): TPFT motorbike insurance covers you for damage and injuries caused to other people, as well as fire damage and theft of your bike. TPFT is a mid-level option, and it’s typically more expensive than TPO but cheaper than comprehensive.

How Much Does Motorbike Insurance Cost in Singapore?

Motorcycle insurance rates may differ from rider to rider even if they buy a similar type of policy. Some of the factors that affect the cost of your motorbike insurance include: 

·      Your age- Younger riders tend to pay higher premiums because they’re considered a higher risk.

·      Your gender- Generally, women tend to pay lower premiums than men.

·      Your bike- Motorcycles with larger engines and those considered sports bikes tend to cost more to insure.

·      Your riding history (including claims history) – If you have a clean driving record, you’ll typically pay lower premiums than someone with multiple accidents or traffic violations.

·      The amount of coverage you need- The more coverage you need, the higher your premiums will be.

·      Your deductible- A higher deductible means you’ll pay less in premiums but more out-of-pocket if you need to make a claim.

 How to Choose the Right Policy for Your Needs

The best way to get motorbike insurance is to compare quotes from different insurers and choose the policy that best meets your needs. You can get quotes from various sources, including online comparison sites, insurers’ websites, and brokerages.

When comparing quotes, be sure to consider the coverage options, excesses, and available discounts. You should also read the policy documents carefully to understand what’s covered and what’s not.

Remember, the cheapest policy might not always be the best. It’s crucial to find a policy that offers the right level of cover for you at a price you can afford.

 How to Make a Claim in Singapore

 If you need to claim motorbike insurance, the process will vary depending on the insurer. Typically, most claims can be made online or over the phone.

To make a claim, you’ll usually need to have the following information handy: 

·      Your policy number

·      A police report (if applicable)

·      Details of the accident or incident, including dates, times, and locations

·      The names, addresses, and phone numbers of any witnesses

·      Your contact details

Once you’ve made a claim, the insurer will investigate and determine whether to pay out. If your claim is approved, you’ll usually receive the payout within a few days.

Radhe

Radhe

Would you want to convert more people? Would your desired role include international travel or do the majority of it from within the office environment with some fieldwork mixed in every now and again?"

Related Posts

Best 8 Tips For Learning Languages
Education

Best 8 Tips For Learning Languages

by Aaron Finch
July 1, 2022
CEO
Business

The Top 5 Traits Furniture CEOs Have in Common

by Aaron Finch
July 1, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sports

Do I want a longboard or a skateboard?
Sports

Do I want a longboard or a skateboard?

by Ethan More
June 30, 2022
0

Skateboarding and longboarding may seem identical to an untrained eye, but take a deeper look and you’ll find they are...

Take 10 Minutes to Get Started With PUZZLE GAMES

Take 10 Minutes to Get Started With PUZZLE GAMES

June 4, 2022
PRE AND POST WORKOUT STRETCHING EXERCISE FOR SPORTS PLAYER

PRE AND POST WORKOUT STRETCHING EXERCISE FOR SPORTS PLAYER

April 9, 2022
The Secrets To Finding World Class Tools For Your sports Quickly

The Secrets To Finding World Class Tools For Your sports Quickly

April 9, 2022
The most popular sports products today

The most popular sports products today

October 28, 2021
The Most Powerful People in the World of Sports All Have This Trait in Common

The Most Powerful People in the World of Sports All Have This Trait in Common

October 28, 2021
Sehiresnafi

Follow Us

Editor's Pick

business math problems with solutions and answers

park view pet clinic

the external environment of business is static

Five Things You Most Likely Didn’t Know About Loot Gaming

Categories

  • Blog
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Home
  • Lifestyle
  • Sports
  • Technology
  • Travel
  • Uncategorized
  • World
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

© 2021 - All Rights Reserved. Sehiresnafi.

No Result
View All Result
  • Home
  • Business
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Editorial Policy
    • Policy Of Cookies
    • Write for us business

© 2021 - All Rights Reserved. Sehiresnafi.