Singapore is a small country. Space means the Government has to control the amount of cars on the street or the streets will be packed. This is the reason Singapore has the maximum cost of car ownership in the world. The General Public transport System is extremely developed, together with the MRT subway and public buses reaching nearly everywhere on the island. Therefore, some residents rent a vehicle when it is necessary, like a family outing to places on the exact same day, or a day-trip to neighboring Malaysia.
Singapore car rental can be inexpensive and cheap. A sedan such as Honda City, Toyota Vies, Toyota Altis or Mitsubishi Lancer can go for as low as $68/day, same applies to hatchbacks such as Jazz or Honda Fit. A MPV such as Hyundai Trajet or Mazda Premacy can go compared to the range of $100-$120/day. For the past 10 years, There are lots of errant automobile rental companies who rent cars out belonging, although not belonging to the company. So what, you might ask. There lies a danger that is hidden that is enormous.
A car rental Company possesses its fleet of vehicles, and the fleet is insured by an insurance company which does coverhire and reward. A normal private vehicle insurance would not coverhire and reward, which exposes you to unlimited liability.
What does this mean Example?
You’e rented a car from an errant car rental company where you are not properly insured forhire and reward from the insurance policy and you met with a traffic accident that you had caused injuries to a pedestrian. The insurer refuse to pay as a result of breach of contract, although the pedestrian sues you for damages. The judge later ruled that you were, say, 70 percent responsible for the victim’s injuries, and the claim amount quantum is corrected to $70,000 instead of the initial $100,000. This means you have got to rent a car singapore $49,000 70 percent of $70,000 to the victim, failing which you will be made a bankrupt. You may be prosecuted for driving without a valid insurance, which brings jail no longer than 3 months or a fine no more than $ 1,000, or both.
This is a big risk why would you need risk for renting a vehicle, being made a bankrupt What is more, and lower prices might not charge than businesses that are insured
How to tell whether the vehicle is properly insured forhire and reward the simplest method is to examine the vehicle’s road tax disk. A vehicle registered with LTA Land Transport Authority, Singapore for hire functions with legitimate rental insurance policy will bear the term motorcar under the date of expiry, rather than Passenger private or passengerco. You may dial 1800-CALL-LTA to confirm.