Comprehensive Plan: All About This Motor Insurance

No matter how experienced and careful you are in driving, several uncertainties may still occur on the road. To avoid getting yourself entangled in costly repairs or part replacements, first search for cheap car insurance quotes then purchase a comprehensive motor insurance plan.

Comprehensive insurance has your back in the event your car is damaged by an insured event or if you caused damage to someone else’s car and property. However, do not confuse it with third-party insurance because the latter only covers your liability against a third party.

Understanding Comprehensive Automobile Insurance 

As the name suggests, a comprehensive plan can cover you for a wide range of accidental damage and other instances, including:

  • car theft, damage from theft 
  • theft of certain parts of the vehicle
  • vandalism, fire, riots, and explosions
  • falling trees, limbs, rocks, and other objects
  • storms, hail, wind, floods, lightning, and earthquakes
  • contact with animals (i.e., hitting or being hit by an animal)

When you purchase comprehensive car/motor insurance in Singapore, the insurance company usually sets a deductible or the amount you pay out of pocket toward a covered claim. Supposed you agreed with a S$500 deductible, and your car got into weather-related damage. If the damage repair costs S$1,500, you will pay your S$500 deductible, and your insurance would pay the remaining $1,000.

comprehesive motor insurance

Benefits and Limitations of Comprehensive Insurance

Comprehensive auto insurance is designed to pay for repair and replacement costs caused by several variables. This benefit alone not only protects you financially but also ensures that your road buddy gets back into its best condition in no time.

You would not cause a fuss or panic when your vehicle is destroyed by a natural disaster, dented by a run-in with a deer, damaged by protesters, spray-painted by tricksters, or crushed by a collapsing tree, among other causes. And, that is all because the insurance has you covered.

On the contrary, this motor insurance also has its limitations. Although this policy has comprehensive on its name, its coverage does not include collision. If you are responsible for an accident, your plan will not pay for the damage, injury or fatality you caused to a third-party person.

Here are more things that most comprehensive policies do not cover:

  • damage due to potholes
  • personal belongings inside the car
  • the car has driven by an authorized or unlicensed driver

Also, comprehensive car insurance may be expensive if you purchase it along with collision insurance. It may not be necessary, especially if you own an old car with high mileage, and if weather-related events are not concerns where you live.

Choosing Your Motor Insurance in Singapore 

Now, are you torn between comprehensive and collision coverage? We summed up their key benefits and exclusions in the table below. 

Feature Comprehensive Insurance Collision Insurance
What It Covers Damage to your car resulting from the following incidents:
  • fire
  • theft
  • vandalism
  • natural disasters
  • falling object
  • vehicle theft
  • animal damage
Damage you sustained from the following instances:
  • potholes
  • at-fault accident
  • hit-and-run
  • uninsured motorist
  • accidents involving inanimate object (i.e., parked car, fence, tree, etc.)
  • you got hit by an insured motorist, but their insurance will not pay out
What Is Not Covered
  • damage caused by a collision
  • damage due to potholes
  • valuables inside your car
  • damage due to theft, vandalism and other insured events that a comprehensive insurance covers
Deductible Yes Yes
Coverage Limit Actual cash value Actual cash value
When Is It Safe to Cancel
  • Your policy premium and deductible are more than the worth of your car. 
  • You mostly leave your car in safe, covered locations.
  • Your car is not leased or financed
  • Your policy premium exceeds 10% of your car’s value.
  • You can cover emergency repairs with savings

Summing It Up

Every accident is unique. You may encounter a wide variety of circumstances, both while driving and while your car is parked. 

A windshield shattered by a traffic incident, a deer accidentally hit your side mirror while crossing the road, and auto-related crimes like theft and vandalism—all these things and more are covered under comprehensive car insurance.

Are you still uncertain about getting this motor insurance in Singapore? Then, reassess your needs and your location. If you live in an area with inclement weather, has rampant animal-related auto accidents and live in high flood risk areas lots natural catastrophes, you might want to consider adding comprehensive coverage to your auto policy as well as asking for it when shopping. 

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