Insurance jargon can be very confusing, and sometimes can even seem like a foreign language. This can make the prospect of comparing car insurance daunting for those who are not as well versed in the realm of car insurance. Fortunately, our team of experts at Kwiksure Singapore are here to help with this handy mini-guide on how to compare car insurance. 1. Know your requirements Before comparing car insurance, it’s first essential to know what type of car insurance you need. In Singapore, there are three main motor insurance options: Third party only insurance: This is the most basic and cheapest type of motor insurance, as it is designed to meet the minimum requirements set out by law. Third party only policies cover death/bodily injury to third parties, and also third party property damage. Third party fire & theft insurance: Considered the next step up from third party only insurance, this type of motor insurance covers your car against theft, damages from attempted theft, and losses caused by fire. Comprehensive car insurance: As the most superior level of motor coverage in Singapore, this is the only type of car insurance that additionally covers the driver’s own vehicle. If you have a high value vehicle, comprehensive car insurance is likely the best option for your needs. Of course, there are many more differences between the different motor insurance options in Singapore. To learn more about them, click here to read our in-depth blog post on the topic.
In a World prone with uncertainty in terms of accidents and diseases, health insurance stands as the best option to mitigate that. The changing social lifestyle and eating habits has made most people vulnerable to diseases. Everyone loves a good health as it transforms to not only a happy life but also longer productive life. Health insurance is for everyone, from the young to old, poor, and rich, among other categories. Nowadays even organizations have made it a mandatory decision to have their employees have an affordable health insurance. Health insurance in simple terms is the prevention/insurance against loss due to ill health. One of the reasons why health insurance is becoming popular is the increasing costs of medication. With the rising costs of treatment, health insurance helps to relieve one of the costs. Health insurance also helps one against unnecessary stress in case of an illness. If one has a health insurance then it is easy for him or her to get treatment faster as compared to one without. Sometimes it becomes far much expensive for one to get treatment in some hospitals. Health insurance helps to mitigate that hurdle and gives one an opportunity to get treatment where he or she wants them. However, health insurance has some drawbacks such that it is still not accessible to common person. Many people are still lagging behind on the advantages of health insurance. Getting basics health insurance is simple and does not need one to go through a tedious process. One needs to get an application form from the company he or she is interested from which the person fills all the relevant information about his or her health status. With the different categories of health insurance, different health insurance premiums are paid. These are the annual payments made by the insured to the insurer as agreed by the contract.
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