Passenger Van Insurance Quotes Singapore
The term ‘passenger van’ can mean anything from an 8 seater van-like MPV like the Mercedes Viano to a 15 seater Toyota HiAce Commuter.
The passenger van is definitely NOT a delivery van with a self installed sofa at the rear, which should not be allowed because it is extremely dangerous for passengers.
MPVs like Mercedes Viano can be registered as S plate cars or PA plate commercial vehicles.
15 seater passenger vans like Toyota HiAce Commuter are typically be registered as commercial vehicles.
In this article, we will focus on minibus-like passenger vans of various sizes which have to be covered by commercial vehicle motor insurance in Singapore.
Insured Vehicle Usage
There are 4 types of bus classifications for passenger vans:
- Private Bus (Company Bus)
- Private Hire Bus (Commercial Bus)
- Excursion Bus (Tour Bus)
- School Bus
Each type of bus has its restrictions of use. More details can be found at the LTA website.
The insured vehicle usage for a passenger van typically will not include the types of vehicle usage which it is not registered for.
For example, passenger vans which are classified under private buses (i.e. company buses) are meant for transporting employees of the business or people linked to the business, at no profit.
They should not be used for chartered services.
According to LTA’s website, only private hire, excursion and school passenger vans can be used for hire and reward activities.
Should a passenger van under the private bus classification transport tourists or other companies’ workers for a fee, the owner / driver has not used the van according to what it was registered for.
Generally, when a vehicle is not used within the Limitations as to Use stated in the Certificate of Insurance and it gets involved in an accident, there is no entitlement to indemnity because the terms of the policy have not been observed.
Types of Insurance for Passenger Vans
Commercial vehicle insurance for passenger vans is commonly available in 3 types of coverage. Not specific to motor insurance plans from any insurer, the scope of coverage is generally as follows:
Comprehensive Cover
Third Party liability coverage + Fire and Theft coverage + Own Damage coverage
Third Party, Fire and Theft Cover
Third Party liability coverage + Fire and Theft coverage
Third Party Cover
Third Party liability coverage only
Exact coverage definitions and details will differ from insurer to insurer and is subject to its policy terms, conditions and exclusions.
Out of the 3 types of coverage, premium rates for Third Party Cover is the lowest because the scope of insurance protection and benefits is also the least.
When it comes to claiming Third Party insurance against a foreign vehicle, it can be rather challenging because it is common for such claims to take several years to settle, whether the accident takes place in Singapore or in Malaysia.
Oftentimes when accidents are caused by foreign vehicles, policyholders with Comprehensive Cover end up claiming Own Damage coverage.
Policyholders with Third Party, Fire and Theft Cover or Third Party Only Cover might end up paying for repairs from their own pockets in such cases.
At elloAuto, we connect you to licensed representatives who can advise you on passenger van insurance and get quotes from multiple insurers in Singapore.
With this service, not only do you save time from searching for quotes on your own, the process of insuring your passenger van will also be simplified as much as possible.
To get insurance quotes for a fleet of passenger vans, make your fleet insurance quote request here or email to enquiry@elloauto.com with the fleet details and someone will get back to you soon.
Commercial Vehicle Insurance Companies
elloAuto connects you to representatives from financial advisory firms who can help you get motor insurance quotes across multiple 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