Singapore is a small nation. Restricted area means the Authorities want to manage the variety of vehicles on the highway or else the roads will likely be packed. For this reason Singapore has the very best value of car possession on this planet.
The general public transport system may be very developed, with the MRT (metro) and public buses reaching nearly all over the place on the island. As such, some residents solely lease a car when it’s needed, like a household outing to a number of locations on the identical day, or a day-trip to neighbouring Malaysia.
Singapore car rental might be low-cost and inexpensive. A standard sedan like Toyota Altis, Toyota Vios, Honda Metropolis or Mitsubishi Lancer can go for as little as $68/day, similar applies to hatchbacks like Honda Match or Jazz. A MPV like Mazda Premacy or Hyundai Trajet can go for as little as $78/day, in comparison with the standard vary of $100-$120/day.
For the previous 10 years, there are lots of errant car rental corporations who lease out vehicles not belonging to the corporate, however belonging to non-public car house owners who couldn’t afford to maintain up with their car mortgage installments. “So what?”, chances are you’ll ask. There lies a giant hidden hazard.
A correct car rental firm owns its fleet of automobiles, and the fleet is insured by an insurance coverage firm which does cowl “rent and reward”. A standard non-public car insurance coverage is not going to cowl “rent and reward”, which exposes you to limitless legal responsibility.
What does this imply? Instance:
You may have rented a car from an errant car rental firm the place you aren’t correctly lined for “rent and reward” within the insurance coverage coverage and then you definitely met with a site visitors accident which you had brought on accidents to a pedestrian. The pedestrian sues you for $100,000 damages, however the insurance coverage firm refuse to pay because of breach of contract. The decide later dominated that you just had been, say, 70% liable for the sufferer’s accidents, and the declare quantity (quantum) is adjusted to $70,000 as an alternative of the unique $100,000. This implies you must compensate $49,000 (70% of $70,000) to the sufferer, failing which you shall be made a bankrupt. Moreover, you is perhaps prosecuted for driving with no legitimate insurance coverage, which attracts a high quality not more than $1,000 or jail not more than 3 months, or each 인천공항렌터카.
It is a very large threat! Why would you need threat being made a bankrupt for simply renting a car? What’s extra, errant car rental corporations might not essentially cost decrease charges than correctly insured corporations!
How you can inform whether or not the car is correctly insured for “rent and reward”? The only method is to have a look at the highway tax disc of the car. A car registered with LTA (Land Transport Authority, Singapore) for rent functions with legitimate rental insurance coverage protection will bear the phrase “MOTORCAR” under the date of expiry, as an alternative of “PASSENGER(PRIVATE)” or “PASSENGER(CO)”. You’ll be able to dial 1800-CALL-LTA to confirm.
Usually, correct car rent insurance coverage wouldn’t cowl “P Plates” (drivers with lower than one 12 months of driving expertise). Most might not even cowl drivers lower than 23 years of age, no matter their driving expertise. So, in case you are younger (< 23 years previous) or inexperienced (P plate), you’ll be endeavor a really large threat when you drive a rental car as a result of regardless whether or not it’s a correct car rental firm or not you’ll not be lined!
We now have right here a really helpful service provider that has a effectively maintained fleet of automobiles with correct insurance coverage protection. The corporate is legally included and LTA-registered as a car rental firm. It additionally boasts a “LOWEST PRICE GUARANTEE”, assuring you that you just can’t discover a cheaper deal anyplace else.