Autoshield
October 30, 2023 Autoshield 0 Comment

General Insurance Agent as oppose to a Life Insurance Agent

Life Insurance Agents generally earn more when they seal a deal i.e. as high as 60% of your premium paid. On the other hand, General Insurance Agent merely profit 10%-15% from a case they closed.With the above, Life Insurance Agents usually focus on soliciting Life, Saving, Investment Link, Endowmen...
Autoshield
October 30, 2023 Autoshield 0 Comment

How long do the insurers take to compensate me?

Depending on the severity of the accident, a claim process may take as long as up to 1 year for settlement. Repairing your car may only take up to 5 days for normal bumper to bumper accident; the entire claim process should take no more than 3 month for settlement. Modified cars, chain accidents, si...
Autoshield
October 30, 2023 Autoshield 0 Comment

How do I know which insurance agency is creditable?

Autoshield has served more than ten thousand drivers in Singapore. Our official Facebook Page has achieved hundreds of positive reviews on our service. While we are not affiliated to Uber, we are the only Local Insurance Agency listed in Uber’s site as their Preferred Insurance Partner. You should...
Autoshield
October 30, 2023 Autoshield 0 Comment

What happens if I did not pay for my vehicle insurance premium?

Your vehicle insurance policy will be cancelled after the insurer has served you the final payment reminder later or 30 days from non-payment, whichever is earlier. Upon cancellation, your vehicle insurance coverage will cease, and you are disallowed by law to drive your vehicle on Singapore’s roa...
Autoshield
October 30, 2023 Autoshield 0 Comment

What to do during an accident?

A vehicle with front bumper hitting a third party i.e. another vehicle, pedestrian or any other third party’s asset is commonly being assessed to be the party at fault. A side collusion i.e. brushing of vehicle’s door against another vehicle’s door will be awarded a 50%-50% claim entitlement. ...
Autoshield
October 30, 2023 Autoshield 0 Comment

Using my parent’s name to purchase for my Car Insurance

In most cases, the personal vehicle insurance has to be insured under the vehicle owner’s name. Some young and/or inexperienced drivers may get their parent to obtain a loan for their vehicle and insure the vehicle under their parent’s name. Unless their parent uses the vehicle more frequently t...
Autoshield
October 30, 2023 Autoshield 0 Comment

Why is my Car Insurance more expensive when I wish to add in a named driver?

Regardless of how experienced your main driver is, always remember that insurance companies will provide the quote based on the driver with the higher risk profile. This means that when you include a young or inexperienced driver as your named driver, your premium will increase. If the named driver ...