The Overseas Assurance Corporation Limited car insurance SUX

[Racing]

 

they reject insurance claim for my fren car for such silly stuffs.

all the items are street legal.

 

100% screw up.

Edited September 14, 2012 by Racing

[AbdulHudaifah]

just get a third party + theft will do, here insur policy is legal scam

[inlinesix]

they reject insurance claim for my fren car for such silly stuffs.

all the items are street legal.

 

100% screw up.

Well, too bad. Most likely in the contract, it did mention that any mod need to be declared.

[Racing]

they reject the third party claim also.

[Drusid]

Stupid insurer!

[Darryn]

they reject the third party claim also.

 

So he installed mods, didn't declare to insurance company.

 

The mods he installed would commonly be thought of as performance enhancing (making the car faster)

 

Friend subsequently CAUSES an accident

 

Claim is rejected.

 

How come I don't have very much sympathy for him?

 

Sometimes it's not just about the mods, but also about the aims and mentality of the owner.

 

This owner seems to have thought of himself as some sort of "racer" (or at least, performance and handling were important to him) - I am wondering how much of a role speed played in the accident.

 

Seriously - SERVES HIM RIGHT!

 

[Racing]

 

 

Eh uncle...

 

Do u think any1 ever declare mod or not ??

 

 

Actually does not matter lah, knn they even reject the 3td party claim.

Than we all buy insurance for fark?

 

 

 

 

 

So he installed mods, didn't declare to insurance company.

 

The mods he installed would commonly be thought of as performance enhancing (making the car faster)

 

Friend subsequently CAUSES an accident

 

Claim is rejected.

 

How come I don't have very much sympathy for him?

 

Sometimes it's not just about the mods, but also about the aims and mentality of the owner.

 

This owner seems to have thought of himself as some sort of "racer" (or at least, performance and handling were important to him) - I am wondering how much of a role speed played in the accident.

 

Seriously - SERVES HIM RIGHT!

 

[Mamamia]

This is exactly why the AXA case for the Bugis crash is important. If AXA have their way, then the insurance coys will have new excuses to reject other than the silly mods excuses.

 

We must band together and realise the severity of the situation.

[Darryn]

Eh uncle...

 

Do u think any1 ever declare mod or not ??

 

 

Actually does not matter lah, knn they even reject the 3td party claim.

Than we all buy insurance for fark?

 

THey should, it's part of the contract, and what you should do in the spirit of "absolute honesty".

 

If you're not going to be honest with the insurance company, why should they be "honest" with you?

 

And the Bugis case is very different to undeclared mods.

[Othello]

I beg to differ. TS friend has a STI intercooler, so it has to be a Subaru WRX/Forester/Legacy TC variants aka high performance cars. To start with, these TC cars in STOCK form already is a few times more powerful than your 'normal' cars. TS friend merely 'upgraded' it's components, as for power wise I do not think such stuff will increase by much, if any in the first place.

 

Again this highlights the lack of consumer protection in SG in short. The insurer need not prove that all these mods causes the accident and conveniently hides behinds all the T&C which basically is unilaterally advantageous to the insurer.

 

What's next ? Voiding insurance because I did not declare my $10,000 ICE upgrade, cos I drive faster when the music louder ?? Com'on, dashboard top meter ????

[Darryn]

I beg to differ. TS friend has a STI intercooler, so it has to be a Subaru WRX/Forester/Legacy TC variants aka high performance cars. To start with, these TC cars in STOCK form already is a few times more powerful than your 'normal' cars. TS friend merely 'upgraded' it's components, as for power wise I do not think such stuff will increase by much, if any in the first place.

 

Again this highlights the lack of consumer protection in SG in short. The insurer need not prove that all these mods causes the accident and conveniently hides behinds all the T&C which basically is unilaterally advantageous to the insurer.

 

What's next ? Voiding insurance because I did not declare my $10,000 ICE upgrade, cos I drive faster when the music louder ?? Com'on, dashboard top meter ????

 

The range of mods done are not cosmetic, and looking at the list they are outside of the stock.

 

If they are so much NOT for performance, what is the issue with letting the insurance company know? It is a pretty specific term that modifications must be announced. What was the driver trying to hide? Again, he signed the contract with the insurance company knowing full well that must announce mods, then didn't. Why should he be paid when he breached the conditions of the contract.

 

As to your ICE example - come back here when you claim is denied because of ICE, and I will support you all the way in arguing the case to the insurance company

 

[inlinesix]

I beg to differ. TS friend has a STI intercooler, so it has to be a Subaru WRX/Forester/Legacy TC variants aka high performance cars. To start with, these TC cars in STOCK form already is a few times more powerful than your 'normal' cars. TS friend merely 'upgraded' it's components, as for power wise I do not think such stuff will increase by much, if any in the first place.

 

Again this highlights the lack of consumer protection in SG in short. The insurer need not prove that all these mods causes the accident and conveniently hides behinds all the T&C which basically is unilaterally advantageous to the insurer.

 

What's next ? Voiding insurance because I did not declare my $10,000 ICE upgrade, cos I drive faster when the music louder ?? Com'on, dashboard top meter ????

Well, that is the sad state. Maybe you should write to your MP or Ministry of Finance.

 

Under T&C of insurance contracts, insurer has the right to cancel your policy because you nvr declare $10k ICE.

[Darryn]

Well, that is the sad state. Maybe you should write to your MP or Ministry of Finance.

 

Under T&C of insurance contracts, insurer has the right to cancel your policy because you nvr declare $10k ICE.

 

I do think it's important to differentiate between performance mods and cosmetic mods.

 

Cosmetic mods shouldn't count - UNLESS they are so extreme that the insurer can prove they were the contributor to the accident. Of course, if you don't tell the insurer about the $10k worth of ICE, they don't have to pay out on the ICE (but this shouldn't affect the rest of the claim)

 

[inlinesix]

I do think it's important to differentiate between performance mods and cosmetic mods.

 

Cosmetic mods shouldn't count - UNLESS they are so extreme that the insurer can prove they were the contributor to the accident. Of course, if you don't tell the insurer about the $10k worth of ICE, they don't have to pay out on the ICE (but this shouldn't affect the rest of the claim)

It really depends on how anal these insurers with the fine print.

[Othello]

I do think it's important to differentiate between performance mods and cosmetic mods.

 

Cosmetic mods shouldn't count - UNLESS they are so extreme that the insurer can prove they were the contributor to the accident. Of course, if you don't tell the insurer about the $10k worth of ICE, they don't have to pay out on the ICE (but this shouldn't affect the rest of the claim)

 

That's the point, it is arbitrary. Rightfully according to the contract they can even void it if you upgrade your ICE, cos it's labelled as MODIFICATION.

 

Because of the all-encompassing contract terms, it's easy to just deny liability and void the contract, thus putting the consumer at the losing end. Of course legally they are right to do so, but one have to be realistic and practical. According to LTA, all these below are considered MODIFICATION, so is it fair to void the contract just because one changed to platimum spark plugs and did not inform insurer ?? Like that I urge everyone to bombard their insurers with "I just changed to bridgestone" "I just change momo gear knobs" etc emails ...

 

And

 

Vehicle Modifications that are allowed:

Bumpers

Car seats

Fog lamps

Fuel additives

Fuel molecule polarisers

Gear knobs

In-vehicle entertainment systems

In-vehicle information and communication systems

Intake air filters

Intake manifolds

Meters and gauges

Radiators

Rollover bars

Roof racks

Seat belts

Side skirts

Side windows and partitions for Light Goods Vehicles

Spark plugs and spark plug cables

Spoilers

Sports rims

Steering wheels

Sunshades

Suspension systems

Tinted films

Tinted glass

Tyres

 

Qns : is your car tinted and did you inform your insurer ?