IN PRINCIPLE, a motorist's no-claim discount (NCD) applies to the motorist and not to his vehicle ("Flaw in no-claim discount system" by Mr Yap Yit Siang; Monday).
For example, if you sell your vehicle and buy another one, you will retain your NCD.
In the Singapore motor insurance market, different motor insurers may have different practices, and we advise Mr Yap to check with his insurer on his situation.
Readers can also get more information on NCD from the General Insurance Association of Singapore (GIA) website on http://ift.tt/1Dtzd3V
Derek Teo
Executive Director
General Insurance Association of Singapore
For example, if you sell your vehicle and buy another one, you will retain your NCD.
In the Singapore motor insurance market, different motor insurers may have different practices, and we advise Mr Yap to check with his insurer on his situation.
Readers can also get more information on NCD from the General Insurance Association of Singapore (GIA) website on http://ift.tt/1Dtzd3V
Derek Teo
Executive Director
General Insurance Association of Singapore