Car insurance provides you the financial protection for physical damage to your vehicle and legal liability to third parties for property damage or bodily injury in the event of an accident. In Singapore car insurance is compulsory, and you cannot buy or own a car without it. Depending on the kind of policy, it may also offer financial protection against acts like theft, fire, and vandalism.
Car insurance is important, not only because it offers financial protection but also, it provides peace of mind for you and your family. Insurance also keeps things simple. Assuming your premiums are paid up to date, your insurance policies will remain active.
When choosing car insurance, itâs important to get the right policy to meet your needs and financial requirements.
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