Prime Mover Insurance Singapore
Heavy Vehicle Insurance
The prime mover is a heavy vehicle that requires commercial vehicle insurance cover to travel on the public road in Singapore.
It is typically used together with a trailer for transportation of bulky construction materials, containers, goods, etc.
Examples of such prime movers include the Mitsubishi FP517, Volvo FH Series trucks, Isuzu Giga EXR, etc.
Although there are quite a few commercial vehicle insurance companies in Singapore, not every one of them offer insurance cover for trailers and prime movers.
At elloAuto, we connect you to licensed representatives who can advise you on motor insurance for heavy vehicles like prime movers and get quotes from multiple insurers in Singapore.
Types of Motor Insurance Cover for Prime Movers
Commercial vehicle insurance 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:
Third Party liability coverage + Fire and Theft coverage + Own Damage coverage
Third Party liability coverage + Fire and Theft coverage
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.
Not specific to motor insurance plans from any insurer, this is what each type of coverage might cover:
- Third Party liability coverage – Expenses which insured party is legally liable to pay for death or injury to third party and / or damage to third party property.
- Fire and Theft coverage – Accidental loss or damage caused by theft or fire, up to market value at time of loss / damage.
- Own Damage coverage – Accidental loss or damage by other insured causes.
For exact coverage definitions specific to your motor insurance, do refer to its policy wordings for accurate reference.
Commercial Vehicle Insurance Companies
elloAuto connects you to friendly and professional representatives who can advise you on prime mover insurance across different commercial vehicle 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