AXA Van Insurance Singapore
Van Insurance Quotes
At elloAuto, we connect you to licensed representatives who can help you get quotes from multiple insurers in Singapore.
One of these insurers is AXA, which does both private motor insurance as well as commercial motor insurance in Singapore.
Commercial Van Insured Usage
Although there are some people in Singapore who install sofa seats in their vans’ cargo decks to mimic regular cars, it is important to note that cargo decks are designed to carry goods, not to seat passengers.
Vans with self installed sofa seats in cargo decks can be very dangerous for passengers. It is not worthwhile saving some money at the expense of putting passengers’ lives at risk.
Generally, the insured vehicle usage for a van does not include uses that it is not designated for.
For example, if a van is insured for business use only, it is not likely to cover passengers who are not employees of the policyholder.
It does not matter whether the van is a double cabin van or a single cabin van.
When a van is not used within the insured vehicle usage as stated on the Certificate of Insurance, insurers generally will not be liable for claims in the event of an accident.
Hence, it is very important for policyholders to ensure that all drivers of their vehicles observe the terms of the policy in order to be entitled to indemnity.
Private Vehicle Insurance vs Commercial Vehicle Insurance
There are some differences between private vehicle insurance and commercial vehicle insurance:
Commercial Vehicle Insurance:
- Up to 20% No Claim Discount (NCD)
- Authorised Drivers do not have to be named (in most cases)
Private Vehicle Insurance:
- Up to 50% No Claim Discount (NCD)
- Must name at least 1 driver in the policy
One similarity both private vehicle insurance and commercial vehicle insurance have in common is that they are typically offered in 3 types of plans:
- Comprehensive Cover
- Third Party, Fire and Theft Cover
- Third Party Cover
Commercial Vehicle Insurance Companies
With the help of licensed representatives, get commercial vehicle insurance quotes from AXA and other reputable commercial motor insurers in Singapore :
AIG Asia Pacific Insurance Pte Ltd
Allied World Assurance Company Ltd
AXA Insurance Singapore Pte Ltd
China Taiping Insurance (Singapore) Pte Ltd
ERGO Insurance Pte Ltd
First Capital Insurance Ltd
India International Insurance Pte Ltd
Liberty Insurance Pte Ltd
MSIG Insurance (Singapore) Pte Ltd
NTUC Income Insurance Co-operative Ltd
SOMPO Insurance Singapore Pte Ltd
Tokio Marine Insurance Singapore Ltd