Insurance Agency Singapore | Commercial Insurance and Personal Insurance

  • Products
    • Commercial Insurance
      • Work Injury Compensation
      • Public Liability
      • Foreign Worker Medical
      • Foreign Worker Bond
      • Fire/Burglary Insurance
    • Personal Insurance
      • Motor Insurance
      • Travel Insurance
      • Home Insurance
      • Personal Accident
      • Domestic Maid Insurance
  • Support
  • Contact Us
  • Blog
  • About Us

Consider this tips for renewing homeowners insurance

17 October 2019 By admin Leave a Comment

Home value is different from replacement cost

Home insurance covers how much it would cost to rebuild the home, while the value of a property generally includes intangible things, such as the land and the quality of the school district, says Mike Walsh, a State Farm agent in Bellmore.

Insurance companies use a tool that estimates only how much it would cost to rebuild the home, Walsh says. For example, if you buy a home for $500,000, it might cost $400,000 to replace, he says. So, he says, you do not need $500,000 in insurance — and higher premiums — if the bank asks for it. “Some banks will push you to insure it for the value,” Walsh says. “Many times, I have to fight with the bank on my customers’ behalf.”

Homeowners can also consider a replacement cost guarantee, which provides up to an additional 25 percent of insurance coverage in case there was something that was missed and the replacement cost is more than the homeowner is insured for, says Bob Platin, the owner of Supreme Agency in Holbrook.

Consider bundling

Bundling is not just for cable TV, internet and phone, and most insurance companies will give you a better deal if you take out both home and auto insurance policies with them.

See Full Story at www.newsday.com

Filed Under: Tips Tagged With: homeowner insurance

Tips to for teen drivers to pay less on car insurance

15 October 2019 By admin Leave a Comment

Image by Pexels from Pixabay

Teen drivers pay some of the highest car insurance premiums. Insurance providers classify teen drivers as high-risk and charge them extra. The reasons for that is the lack of previous driving experience and the fact that teens are more likely to get involved in car accidents.

Teen drivers who want to pay less on car insurance should follow the next tips:

  • Get a good student discount. Insurance companies consider that students who do well in school are more responsible and less likely to be involved in car accidents. For these reasons, teen drivers who have a 3.0 GPA or higher can qualify for a good student discount.
  • Get on the family plan. Staying on the family plan can be cheaper for teen drivers than going on a separate policy. Teen drivers can take advantage of several discounts such as multi-car or multi-policy discounts. However, some insurance companies will rate a teen driver on all the vehicles covered by the policy. In many cases, the premiums paid on a family plan will become more expensive than the premiums paid on separate policies. it’s good to do research before adding a teen driver to a family policy.
  • Graduate a defensive driving course. Insurance companies offer a discount of ten to fifteen percent to those teen drivers who manage to attend and graduate an approved defensive driving course. These courses take from four to eight hours to complete and they can be ordered online. Besides gaining a substantial discount, teen drivers will also learn how to become better drivers.
  • Get online quotes. Teen drivers can obtain better insurance rates if they compare multiple quotes. Brokerage websites can help teen drivers obtain multiple car insurance offers from multiple insurers. Teen drivers can sit in the comfort of their homes while they are simulating different insurance plans.

See Full Story at www.benzinga.com

Filed Under: Tips Tagged With: car insurance

Useful Tips to Get the Best Car Insurance Rates

10 October 2019 By admin Leave a Comment

Either you are buying a new car or possess an old one, Insurance is a must-have for vehicle owners. You don’t want to be in a distressed situation if your car meets an accident or gets stolen. All the financial burden will be managed by the insurance companies in case of damage to an insured car.

Comparing Car Insurance Quotes

You need to know how to analyze an insurance quotation for yourself. There are some key terms mentioned and you need to understand them properly. You need to see which insurance company is offering the best financial security by looking at Liability Limit, Collision Coverage and other related terms and conditions mentioned.

Create a chart for all the quotations you receive and compare them with their pricing plans. Select an Insurance Plan that falls perfectly within your monthly budget and almost satisfies all your needs. Insurance bills are sent over monthly so you need to have pre-planned budgets to clear them before deadlines.

By Adrian McDonald
See Full Story at kxan36news.com

Filed Under: Tips Tagged With: car insurance

3 insurance tips for seniors

3 October 2019 By admin Leave a Comment

Here are 3 insurance tips you should know about to find affordable coverage and the best policy for your needs.

1. Understand the basics of Medicare

Plans change from year to year, and it is important to consider your health care needs and preferences to ensure you select the plan that’s right for you. Open enrollment begins on Oct. 15 and continues until Dec. 7.

Medicare doesn’t cover living expenses in a retirement community, hearing aids or dental work.

2. Save money on prescription drugs

Reports indicate that seniors over the age of 65 spend an average of over 3 percent of their income on prescription drugs. If your insurance plan does not include a prescription plan, look into coupons, drug discount cards or switching to a generic brand.

Most individuals can lower their out-of-pocket costs by 25 to 75 percent by using generic instead of a brand name drug.

3.  Consider a Long-Term Care insurance policy

Long-Term Care Insurance will safeguard savings while providing resources for quality care.

Long-Term Care Insurance premiums are based on your application age, health and the amount of benefits you want to have. Plans are custom designed to fit your needs. The older you are, however, the more challenging it will be able to obtain coverage.

See Full Story at www.morrisherald-news.com

Filed Under: Tips Tagged With: senior insurance

Things to consider on choosing the right insurance policy

1 October 2019 By admin Leave a Comment

Here are the things you must consider to ensure you have the right and adequate travel insurance:

GET CORRECT BIRTH DATE

Since a crucial part of the travel insurance cover is around emergency medical care, it is important that you consider the age of the people travelling to evaluate the insurance cover required. If the people travelling are senior citizens, it is important that you have more than adequate cover, irrespective of the destination or the duration. It is important to inquire about the policy document to understand the medical cover completely and keep an eye on any additional limits in the cover, such as hospitalisation limit or cap on treatment cost, that could significantly curtail the insurance cover you have purchased.

EXISTING MEDICAL HISTORY

In case any family member has a medical history, ensure the policy covers pre-existing diseases, at least for life threatening situations. You don’t want to be in a situation where you are not able to provide for the best healthcare when you need it the most. Ensure you have discussed with your family, understood their health conditions and made a clear complete declaration in the proposal form, else having a pre-existing cover will be of no use.

ON BASIS OF DESTINATION

If you are travelling to a developed country like United States, United Kingdom or Singapore, it is important that you have a large cover, especially if the duration of the trip is more than two weeks. A short visit to a hospital can burn a huge hole in your pocket, in case you have a small insurance cover.

By Mahavir Chopra

See Full Story at www.livemint.com

Filed Under: Tips Tagged With: insurance policy

Things you should consider when buying travel insurance

5 September 2019 By admin Leave a Comment

Do I actually need travel insurance for this trip?

If your current medical insurance firm already provides coverage for the area or country you are traveling to you may not need an additional policy. So, first, sit down read through it and see what is covered and what is not. Pay particular attention to what happens if you need to be transported home in an ambulance. Often, this is not fully covered by a regular medical insurance policy.

In addition, some home insurance policies provide coverage for possessions like phones that are lost or damaged outside of the home. Checking with your provider could potentially save you money.

Find out what is covered

Before buying, check what is covered and what is not. For example, not all firms automatically include medical repatriation in their policies. They will pay for your hospital stay, but, not for a medical professional to bring you home in an air ambulance. You should never assume everything will be covered, always double-check.

Be particularly careful about pre-existing conditions. Each insurance company has its own definition and list of conditions that are not covered.

See Full Story at www.wanderwithjo.com

Filed Under: Tips Tagged With: travel insurance

Tips on getting a better car insurance rates

29 August 2019 By admin Leave a Comment

To obtain better car insurance rates, drivers should follow the next tips:

  • Maintain a clean driving record. Insurance companies will reward drivers who do not commit car accidents or receive traffic fines. Drivers who are fined for a traffic violation will have their insurance rates increased upon the next renewal. In some cases, the insurance premiums will be doubled or even tripled.
  • Drive fewer miles. Policyholders that from various reasons are driving fewer miles, should contact their insurers and check if they are eligible for a low-mileage discount. Insurance companies offer this type of discounts to those drivers that drive fewer miles than a certain limit. Usually, this discount can be as large as 20%.
  • Adjust the deductibles. To lower the price of car insurance premiums, policyholders can agree to pay more money out of their pockets if they are involved in a car accident and are required to file a claim. However, drivers should ensure they have saved enough money to pay for the deductibles.
  • Keep a good credit score. Insurance companies claim they found a correlation between a driver’s credit score and the possibility for that driver to file a claim. Drivers with poor credit score have higher chances to file a claim compared to drivers that have a good or excellent credit score. For this reason, drivers with a poor credit score will pay more on their insurance premiums.
  • Compare online insurance quotes. Drives are recommended to compare multiple online insurance quotes from different insurance companies. Before choosing an insurance deal, drivers should compare at least three insurance quotes.

See full story at www.buffalonynews.net

Filed Under: Tips Tagged With: car insurance rates

Tips For Paying Less on your Auto Insurance Premiums

27 August 2019 By admin Leave a Comment

However, this coverage can be costly, so finding effective ways to lower your premiums may be helpful.

Buy a used car

The costs of your insurance will be based on the retail value of the automobile you drive. This makes it a great idea to buy a vehicle that’s used but in good condition. Doing this can save you money in many ways. You’ll have a lower monthly payment, and your insurance costs will be much less.

Pay annually

It’s a great idea to avoid paying your car insurance annually if possible. If you opt for a monthly payment, you will be charged extra. There are administrative fees that will accompany this mode of payment, and you’ll end up paying much more.

Keep your bills paid

Ensuring that you have a good credit rating is one of the top ways to minimize your car insurance. This can be done by taking the time to pay your bills when these are due. You don’t want to be late on any of your expenses if you wish to have the highest credit rating possible.

Ask questions

There may be several discounts you can receive that you aren’t even aware you can get. Taking time to make the right inquiries can alert you to this fact. Working closely with your insurance agent may be one of the top ways to pay less for your car coverage in the long run.

See Full Story at chemicaldetectives.com

Filed Under: Tips Tagged With: auto insurance premiums

How to Lower Your Car Insurance Rates

22 August 2019 By admin Leave a Comment

Here you’ll find the simplest, most practical ways to lower your auto insurance premiums:

1. Shop Around for the Best Rates 

Comparing rates sounds like a given, but here’s the thing: Too many people stick with the same auto insurance company and same insurance agent because that’s easy. There’s something to be said for brand loyalty, but it’s also important to shop.

Why? Car insurance companies use different algorithms to determine costs. Additionally, many offer first-year deals to new customers.

The easiest way to compare rates is to use an online car insurance search engine, like The Zebra. It breaks down your insurance “in black and white” and compares your policy options from 204 providers in less than 60 seconds.

Just enter information about your car and your coverage needs, and The Zebra shows dozens of side-by-side quotes from top insurance companies for free. We talked to Artie Januario, who found new insurance through The Zebra and managed to knock off $30 a month — or $360 a year — from his premium.

2. Continue to Shop for a Lower Rate Every 6 Months

Comparing rates once won’t cut it. They can change month to month — even day to day.

There are a number of fluctuating personal factors that can affect your insurance rates, including your age, location, marital status and credit score. But consider external factors, too, like natural disasters, crime rates and the economy.

by Carson Kohler

See Full Story at www.thepennyhoarder.com

Filed Under: Tips

Bring these expert tips for buying travel insurace anywhere you go

20 August 2019 By admin Leave a Comment

How to buy the best travel insurance. Here’s what expert says:

Make sure you’re not already insured

“One potential mistake people can make when purchasing a travel insurance policy is that you could potentially end up buying a policy that has some duplication of benefits with what you already have,” says Joel Ohman, founder of InsuranceProviders.com, an insurance site. He advises you to review the benefits you already have with any of your other current insurance policies, credit cards, and membership programs. Actually, any legitimate agent will tell you to check your other policies before buying another one. Otherwise, you could buy too much insurance.

Look for a guarantee

That’s Jeewanjee’s advice. For example, G1G offers a service guarantee that promises its policies will meet a high standard. Its quality assurance process includes an analysis of a company’s BBB report, customer reviews, claims payout ratio, reinsurers credit history, and other benchmarks. “We help our customers throughout the whole process of purchasing a travel insurance plan from start to finish, and what we do makes the process easy,” he says.

Make sure it’s real insurance

It isn’t always, says Shylar Bredewold, CEO of Odyssean Travel, an online travel agency. “I’ve seen some very decent cruise protection plans,” he says. “But these should not be confused with insurance and often come with disclaimers stating that they are indeed distinct from a coverage policy.” Bredewold says the difference between “protection” and “insurance” has been a hot topic in the insurance industry lately. (Technically, “protection” isn’t an insurance product.) “Travel professionals continue to be vigilant in what they recommend to clients, even when we trust the supplier,” he adds.

by Christopher Elliott

See Full Story at www.travelersunited.org

Filed Under: Tips

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • …
  • 26
  • Next Page »

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Domestic Maids
  • Golf
  • Happenings
  • Health
  • Homepage
  • Industry
  • Interesting Stuff
  • Products
  • Tips
  • Uncategorized

Contact Us

  • 1 Soon Lee Street #02-43, Pioneer Center, Singapore 627605
  • Tel: 68978226
  • Fax 68978086
  • Business Hours:
  • Mon – Fri: 8am – 6pm

Our Location

At the west side of Singapore, our office sits on the second floor of the building.

1 Soon Lee Street
#02-43, Pioneer Center
Singapore 627605

Our Products

  • Fire/Burglary Insurance
  • Foreign Worker Bond
  • Foreign Worker Medical
  • Public Liability
  • Work Injury Compensation
  • Domestic Maid Insurance
  • Home Insurance
  • Motor Insurance
  • Personal Accident
  • Travel Insurance

Find Out More

We would love to hear your insurance needs. Tell us all about it by filling up our contact form.

If not, give us a call at +65 6897 8226
or email us at [email protected]

Copyright © 2021 | Credence Agency