Under Singapore law, it is compulsory for a vehicle owner to take up an insurance policy to cover liability to third parties arising from the use of the vehicle.
If the vehicle causes personal injury to a third party or damage to their property of a third party, the insurance policy pays the compensation payable to the third party. This is to ensure that third party are protected, in case the owner of the vehicle does not have the financial means to pay the compensation.
It is a practice of the insurance company to exclude coverage for accidents caused when the driver of the vehicle is under the influence of alcohol. This is common described as "drink driving".
This practice defeats the purpose of requiring owners to have insurance.
Read my views here:
https://tklcloud.com/Feedback/feedback2.aspx?id=1246
If the vehicle causes personal injury to a third party or damage to their property of a third party, the insurance policy pays the compensation payable to the third party. This is to ensure that third party are protected, in case the owner of the vehicle does not have the financial means to pay the compensation.
It is a practice of the insurance company to exclude coverage for accidents caused when the driver of the vehicle is under the influence of alcohol. This is common described as "drink driving".
This practice defeats the purpose of requiring owners to have insurance.
Read my views here:
https://tklcloud.com/Feedback/feedback2.aspx?id=1246
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