Road safety and correct driver behavior
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atrecord:
I think can. But there's implications: if the car is valuable (which might not be the case since it was involved in major accidents), the son can sell the car and keep the money since it's in his name.
But she can still drive her son's car, no? :scratchhead:cmm:
[quote=\"atrecord\"]
There was a case a few years ago when one woman was forced to transfer her car to her son, cos her road tax + insurance was due for renewal, but because she was at fault for 2 major accidents incurring big claims in the year, her insurance company refused to renew her coverage. Since she could not find one insurer willing to insure her, she would have no use for the car under her name. So she paid transfer fee to transfer to her son, who doesn't have bad claim record...
And also, if she drives it, and gets into more accidents, insurers will scrutinise the policy/situation: Is she covered by her son's policy (comprehensive or third party, etc.)? I doubt she can be a named driver in the first place (since it's certain that she was blacklisted), so the excess will be high to start with. And if there is any claim, when her son renews the policy, it's going to be very expensive. And if they bite bullet and renew, and again got into accidents, sooner rather than later her son will also not be able to renew insurance and they will have to sell/scrap the car.[/quote]Just curious, in the above case, other than rejecting her being a 2nd named driver, can the motor insurer add in clauses to exclude her from the coverage, should she decide to drive the said car even she isn't a named driver? And if she drives this car and met with accident, can the insurer dispute the claim?
Asked cos i am negotiating with Liberty Insurance regarding my new car's 3rd named driver... (Me as owner/1st named driver, DH is the 2nd named driver) Both of us are accident free.
Liberty insurance quoted premium of $14,700; excess for 1st and 2nd driver is $20,000 and $$30,000 respectively.
Now the crux is that they refused to insured the 3rd driver (age 65) unless the premium hike to approx $18,000, and the 3rd driver's excess is $40,000! And the 3rd driver is not insurable if driving outside SG.
I have tried other insurers, but due the type of the car, there are no other motor insurer in SG want my business, lol.
What are my options? Can I let the 65yo driver drives if he is not the named 3rd driver? The lady agent told me in such case Liberty will only pay 3rd party damage but not my car, is it the standard industry practice?
Appreciate your help, need to register the car next week.
:thankyou:
Edit to add: Liberty Insurance is the authorized car dealer's appointed insurer. -
wow! Some exotic car, siah!
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Nebbermind:
wow! Some exotic car, siah!
Ya boi... a stressed Harley Quinn needs a 6 litre twin-turbocharged GT Speed to destress... :evil:
But, don't get me wrong hor... I only vroom in my car porch to hear the engine roar, :rotflmao: , or take it to Malaysia NS Highway to floor the accelerator... but never in SG :imanangel: -
i’m no insurance broker so can’t profess to be expert, but I have the impression that as long as the car is being driven by someone with the approval of the owner, the insurance company will cover it should there be any accident (note: must be accident, not the dangerous or intentionally-cause problem type like the famous ferrari wreck).
The only difference is that if driven by named driver, the excess will be lower. If driven by unnamed driver, excess will be higher. But insurance should still cover. I’m not aware of any cases where insurance company intentionally add in exclusion clauses to bar anyone from driving. It’s just that should those accident-prone drivers get into another/more accidents, if they declare accordingly, it will get into the database, and the owner (insurance name) will soon get mo more NCD, be faced with sky-high premium, or simply cannot find insurer so need to sell off car…
oh, does everyone know that insurance company are selective in who they cover? Drivers under 28 and i think above 60 or 70 face bigger problem. I tried to have my father, when he was 77, as named driver, but the insurance company advised me against it as it will then raise the <either excess or premium> very significantly. The agent just asked me to minimise him driving if possible, but if/when he drives, ask him to be careful…
and if you have friends under 28 driving your car, if gets into accident, you will have to fork out additional few thousands $$ as excess…
In your case, if it’s a new car and have appointed insurer, should not be a problem, i think… -
atrecord:
Thanks very much, Atrecord... for taking time to reply.i'm no insurance broker so can't profess to be expert, but I have the impression that as long as the car is being driven by someone with the approval of the owner, the insurance company will cover it should there be any accident (note: must be accident, not the dangerous or intentionally-cause problem type like the famous ferrari wreck).
The only difference is that if driven by named driver, the excess will be lower. If driven by unnamed driver, excess will be higher. But insurance should still cover. I'm not aware of any cases where insurance company intentionally add in exclusion clauses to bar anyone from driving. It's just that should those accident-prone drivers get into another/more accidents, if they declare accordingly, it will get into the database, and the owner (insurance name) will soon get mo more NCD, be faced with sky-high premium, or simply cannot find insurer so need to sell off car...
oh, does everyone know that insurance company are selective in who they cover? Drivers under 28 and i think above 60 or 70 face bigger problem. I tried to have my father, when he was 77, as named driver, but the insurance company advised me against it as it will then raise the <either excess or premium> very significantly. The agent just asked me to minimise him driving if possible, but if/when he drives, ask him to be careful...
and if you have friends under 28 driving your car, if gets into accident, you will have to fork out additional few thousands $$ as excess...
In your case, if it's a new car and have appointed insurer, should not be a problem, i think...
I caved in and agreed with the $17,800 premium to accommodate my 3rd named driver, I don't have much to bargain, Liberty has the last say, they insures most of the big cc cars... tomorrow is the registration day, I am in a rush for a quick fix.
Thank you once again. Have a great day. :celebrate: -
Harlequin:
Thanks very much, Atrecord... for taking time to reply.
I caved in and agreed with the $17,800 premium to accommodate my 3rd named driver, I don't have much to bargain, Liberty has the last say, they insures most of the big cc cars... tomorrow is the registration day, I am in a rush for a quick fix.
Thank you once again. Have a great day. :celebrate:
wow! power car with power insurance! -
winchester:
You are right about that, Liberty is sure more powerful than any cars...Harlequin:
Thanks very much, Atrecord... for taking time to reply.
I caved in and agreed with the $17,800 premium to accommodate my 3rd named driver, I don't have much to bargain, Liberty has the last say, they insures most of the big cc cars... tomorrow is the registration day, I am in a rush for a quick fix.
Thank you once again. Have a great day. :celebrate:
wow! power car with power insurance!
My the other 2 cars are also under Liberty, difference is both went through Anika Insurance brokers as that was then recommended by the authorized car dealer. This is the first time I have to deal with Liberty myself, after the car sales managers tried whatever they could. At first they even refused to take a 3rd named driver... what I got now is after much negotiation, 3 weeks exactly! It doesn't helped even I am their client since 2007, not an inch they are to give in!
Why is it so few insurers taking big cc cars? :scratchhead: I thought the motor insurers lose money on the mass market sector but not losing on the luxury motor market? :scratchhead: -
I got lobang for cheap car insurance...... :evil:
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limlim:
I got lobang for cheap car insurance...... :evil:
6000cc ? Please do share... Thanks. -
Harlequin:
wait I ask.... me not insurance agent....limlim:
I got lobang for cheap car insurance...... :evil:
6000cc ? Please do share... Thanks.
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