Insurance is fraud !!!!

Not going to link anymore. So you just have to take my word for it :

Jan 3, 2005
Hit by drink driver? Claim on own policy



I REFER to the letter, 'Need to re-examine role of insurance here' (ST, Dec 24), by Mr Chan Chin Keong. Mr Chan expressed disappointment and frustration over his inability to recover the financial loss of his car after being struck by a drink driver.

Mr Chan is likely to have been better off had he claimed against his own insurer for loss or damage to his car.

We would encourage any car owner under similar circumstances to claim on his own policy if he is insured on comprehensive cover.

It is illegal in Singapore to drive a car under the influence of alcohol. It is against public interest for insurers to insure such risks. All policies will carry a blanket policy exclusion for such risks.

The insurer of the drink driver would have denied policy liability. It is for the drink driver to bear responsibility for all damage caused to his own vehicle as well as for liability for death and bodily injury caused to third parties.

Unfortunately, Mr Chan was on his own when he decided to pursue his claim for damage to his car and loss of use against the drink driver directly.

In Singapore, it is compulsory for all cars to have insurance in force covering third-party liability for death and bodily injury arising out of the use of the car. That the driver is in breach of a policy exclusion will not excuse the insurer from its statutory obligation to compensate the third party for such claims.

Other than the above, there is no legal requirement for the car owner to insure against loss or damage to the car and other liabilities for damage to third party property.

Wu Siong Yen

Executive Director

General Insurance Association of Singapore

*~*~*~*~*

Wow. Legal-speak is really confusing.

First it is : "It is for the drink driver to bear responsibility for all damage caused to his own vehicle as well as for liability for death and bodily injury caused to third parties."

Then it is : "That the driver is in breach of a policy exclusion will not excuse the insurer from its statutory obligation to compensate the third party for such claims."

Isn't it contradicting ? So if someone drunk hit me, can I claim or not ? How to claim for injury when the guy has no money ?

Wait.. no money how to drive in Singapore ?
Of course can lah.. Credit Card lah !

Still... I just have to pray that I am not so unlucky lor....