Singapore is a modest region. Minimal area signifies the Federal government will need to control the number of automobiles on the highway or else the roads will be packed. This is why Singapore has the best value of motor vehicle ownership in the planet.
The general public transport program is incredibly created, with the MRT (metro) and community buses reaching just about everywhere on the island. As this sort of, some people only hire a vehicle when it is necessary, like a family members outing to quite a few sites on the exact same working day, or a day-vacation to neighbouring Malaysia.
Singapore auto rental can be low-cost and inexpensive. A typical sedan like Toyota Altis, Toyota Vios, Honda City or Mitsubishi Lancer can go for as small as $68/day, same applies to hatchbacks like Honda Match or Jazz. A MPV like Mazda Premacy or Hyundai Trajet can go for as reduced as $78/day, compared to the typical vary of $100-$120/day.
For the earlier 10 decades, there are a lot of errant automobile rental providers who rent out autos not belonging to the corporation, but belonging to private motor vehicle proprietors who could not pay for to preserve up with their vehicle loan installments. “So what?”, you may perhaps request. There lies a significant concealed hazard.
A proper vehicle rental firm owns its fleet of vehicles, and the fleet is insured by an coverage business which does include “seek the services of and reward”. A normal private car insurance policies will not protect “employ the service of and reward”, which exposes you to unlimited liability.
What does this necessarily mean? Illustration:
You have rented a auto from an errant motor vehicle rental corporation where you are not thoroughly included for “employ and reward” in the insurance plan coverage and then you achieved with a website traffic incident which you had induced injuries to a pedestrian. The pedestrian sues you for $100,000 damages, but the insurance coverage corporation refuse to shell out due to breach of deal. The judge later ruled that you have been, say, 70% liable for the victim’s accidents, and the claim sum (quantum) is modified to $70,000 instead of the unique $100,000. This signifies you have to compensate $49,000 (70% of $70,000) to the victim, failing which you shall be created a bankrupt. Additionally, you may possibly be prosecuted for driving with out a valid insurance policies, which draws in a fine no far more than $1,000 or jail no additional than 3 months, or both of those.
This is a pretty huge danger! Why would you want threat remaining produced a bankrupt for just renting a motor vehicle? What’s a lot more, errant vehicle rental providers may not automatically charge decreased rates than effectively insured companies!
How to convey to regardless of whether the car or truck is thoroughly insured for “hire and reward”? The most basic way is to glance at the highway tax disc of the car. A vehicle registered with LTA (Land Transportation Authority, Singapore) for use functions with valid rental coverage coverage will bear the word “MOTORCAR” under the date of expiry, as an alternative of “PASSENGER(Non-public)” or “PASSENGER(CO)”. You can dial 1800-Get in touch with-LTA to validate.
Normally, proper motor vehicle seek the services of insurance plan would not include “P Plates” (drivers with a lot less than one particular calendar year of driving experience). Most may not even deal with motorists less than 23 decades of age, no matter of their driving working experience. So, if you are youthful (< 23 years old) or inexperienced (P plate), you would be undertaking a very big risk if you drive a rental car because regardless whether it is a proper car rental company or not you will not be covered!
We have here a recommended merchant that has a well maintained fleet of vehicles with proper insurance coverage. The company is legally incorporated and LTA-registered as a car rental company. It also boasts a “LOWEST PRICE GUARANTEE”, assuring you that you cannot find a cheaper deal anywhere else.
