Is the Taxi Insurance Necessary for Singaporeans?
Taxi Insurance; We all know that taxi is the safest mode of transportation, but do you know whether the taxi insurance is required for Singaporean citizens? Yes, as it is mandatory and a legal thing in Singapore. Let us discuss how the taxi insurance works.
What is the taxi insurance?
Taxi insuranc protects the drivers and the passengers against any type of accident and crime. The taxi insuranc covers all the claims against the driver and his passengers.
It is mandatory for the taxi operators to carry the taxi insuranc, and the policy is available in the online portal. There is a list of mandatory points for the taxi insurance that include the insurance coverage period, the claim processing period, and the number of accidents that the taxi company has to pay for. These points should be made very clear in the taxi insuranc policy before you buy the policy.
Do I need the taxi insurance in Singapore?
According to the Taxi Service Act 2006, all the taxi drivers and their passengers are provided with the basic protection. In the case of an accident, the taxi drivers and their passengers are protected by the Act.
If you are driving a taxi in Singapore, then you need to carry the taxi insurance for the protection of the driver and his passengers. The insurance covers the passengers and the driver from any form of liability in the case of an accident.
So, do you need the taxi insurance to protect yourself and your family? You will get the answer if you will read this post. The answer will depend upon the terms and conditions of the taxi insuranc policy that you are buying. So, make sure that you check the condition and the terms and conditions before you buy the taxi insuranc policy.
How to Get Cheap Taxi Insurance
Are you looking for the cheap taxi insuranc? Are you finding any cheap taxi insuranc policy? If yes then don’t worry, here we are sharing with you some simple and effective tips that will help you to get the cheapest and the best taxi insurance policy.
You will get the best taxi insuranc only if you are careful and you are aware of all the terms and conditions of the insurance policy. You need to check the coverage of the taxi and make sure that the policy covers you for the entire journey.
Let us see some of the effective tips that you can use to get the cheapest taxi insurance:
1) Choose the right taxi insurance provider:
You need to find the best and the reliable taxi insuranc providers. It will help you to get the affordable premium and also it will be easier for you to get the claim for a single incident.
The price of the insurance policy depends upon the coverage of the taxi and also it will be different for each insurance company. So, when you have the list of the best taxi insurance providers and you can compare between the different policies then only you can decide.
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2) The best place for comparing:
There are a lot of taxi insurance websites which are available online. You can compare these policies and choose the one that is best suitable for you. You don’t need to go to the shop and ask for the best insurance policies as it will take a lot of time and you will not be able to choose the best and the best from the whole lot. So, just search for it online and you will get thousands of options.