Motorbike insurance is something that many people forget to get, or they just put it off because it’s something that they don’t want to think about. However, if you have a motorbike, you need to have insurance for it.
Not only is it the law in most states, but it also protects you in case of an accident. If you get into an accident and don’t have insurance, you could end up in a lot of trouble. Here are the top reasons why you need motorbike insurance in Singapore.
Reasons Why You Should Get Motorbike Insurance
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Liability Coverage
Liability coverage is essential for anyone who owns a motorbike. This coverage protects you if you’re ever sued because of an accident. If you’re found liable for an accident, your liability coverage will help pay for the damages you’re responsible for.
Make sure that you’re fully protected by getting liability coverage as part of your motorbike insurance policy.
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Breakdown Coverage
Motorbike insurance in Singapore is a great way to protect yourself when you’re on the road. However, many people don’t understand all of the benefits that are included in their policy. One of these benefits is breakdown coverage.
Breakdown coverage provides you with several services in the event that you have a breakdown while you’re on your motorcycle. This includes towing your bike to the nearest service centre, providing you with a rental car while your bike is being repaired, and reimbursing you for any costs that you incur from the breakdown.
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Guest Passenger Coverage
Guest passenger coverage as a benefit of motorbike insurance is a relatively new development in the world of motorbike insurance in Singapore. The idea behind it’s that, as a motorcyclist, you have the peace of mind of knowing that if you’re involved in an accident while riding your bike and you have a passenger on board, that passenger will be taken care of financially. This can be a huge relief for both the motorcyclist and the passenger and provide some much-needed peace of mind when travelling together.
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Collision and Comprehensive Coverage
Motorcycles are a great way to get around, but they can be risky. That’s why it’s important to have collision and comprehensive coverage as part of your bike insurance policy.
Collision coverage helps protect you if your bike is in an accident. Comprehensive coverage helps protect you if your motorcycle is stolen or damaged somehow. Both of these types of coverage are important, and you should make sure you have them as part of your policy.
If you don’t have collision and comprehensive coverage, you could pay a lot of money out of pocket if something goes wrong.
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Medical Payments and Personal Coverage
Medical payments and personal coverage can be valuable if you need them. It can help you cover the costs of medical bills, lost wages, and other expenses related to your accident. Ask your insurance company about this type of coverage if you’re thinking about getting motorbike insurance in Singapore.
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Conclusion
Motorbike insurance is essential in keeping you and your bike safe on the road. It provides you with peace of mind and can save you money in the event of an accident. In this article, we looked at some of the benefits of motorbike insurance in Singapore. To enjoy these benefits, take out a policy today.