Search for INSURANCE MATTERS, SINGAPORE FOOTBALL & LIVERPOOL in this blog.

Search This Blog for Insurance matters, Singapore Football & Liverpool

Wednesday, 23 April 2014

#CarInsurance renewal not invited! How??? Panicked!!!


1st car accident on Aug 2013; at fault and total amount claimed was $6,932.80.
2nd car accident on Mar 2014; again at fault and total amount claimed was $13,314.00.
Car insurance renewal due this month was not invited by current insurer due to 2 car accidents within 1 year.

HOW??? PANICKED!!!

Call, call, call.....
Ask, ask, ask.....
Refer, refer, refer.....to me
I source , source, source.....

In the end, an insurer took up the case at a premium of $3,408.
The car owner is extremely relieved and satisfied.


I posted the above on my Esendsure facebook page.
LIKE the page to keep connecting with us. : )

This car owner is lucky that she still can get her car insured with another insurance company.
What if really not a one single insurance company want to insure this car, that had 2 claims within a year and added up to more than $20,000?
The contingency plan is to change the car ownership.
However, if there is a car loan, the new car owner need to get a new car loan to settle the existing car loan.
That means, someone from the same household, maybe the spouse or a sibling need to take up the car loan and own the car 'on behalf' of the original owner who has failed to secure a car insurance renewal then he drive the car again day in day out. This plan can work if the relationship within the household is good and at least one of the members has a valid driving licence.

However, what if the original car owner can't get someone to switch the car ownership?
Then LL, he got to sell the car and take taxi or bus lor.

TOO BAD!
So DRIVE SAFELY!


No comments:

Post a Comment