Commercial Vehicle Underwriting Rules for Comprehensive and Third Party Coverages


Underwriting Rules for Comprehensive Coverage

 

IMPORTANT CONDITIONS:

  • Insured / Authorised drivers who are age between 25 to 65 years old with at least 2 years of driving experience in Singapore.
  • Insured/Authorised Driver who are in business / trade of carrying own goods only.  
  • Vehicle age not exceeding 8 years.        
           

REFERRAL LIST       

  • Insured /Authorised Driver with claim record in the past 3 years which exceeds S$2,500.


DECLINED LIST 

  • Insured not driving (no Driving license).
  • Insured whose business / trade are in construction, transportation , logistics, freight forwarder & marine industry.
  • Vehicle used for rental / lease services / movers / dispatch / courier / towing & recovery services.
  • Vehicle used for carrying goods or passengers for hire or reward / tuition purpose & by law enforcement agency.
  • Vehicle used to transport flammable, toxic or explosive goods including : petroleum, LPG, liquid or compressed gas, chemicals in liquid or gaseous form.  
  • Vehicle Type: Buses /Mini Bus / Omni Bus / Coaches       
  • Make & Model to be declined : RENAULT       
  • Insured / Authorised Drivers have 2 or more claims experiences in the last 3 years.
  • Insured who are age below 25 or above 65 years old and /or has less than 2 years driving experience. (Applicable to vehicle registered under Individual name only).
  • Insured / Authorised Driver is physically impaired.        
  • Insured /Authorised Driver with claim record in the last 3 years more than S$8,000. 
  • Insured/Authorised Driver with previous suspension, record of revoked/endorsed driving licence.  

 

Please Note
You are advised to check your personal and vehicle particulars to make sure that the information is correct, otherwise the premium quotation provided may not be valid.
       
Any quotation provided by Allianz is based on the information as furnished and is valid for 14 days from Quotation Date. Should there be any further material changes to the risk after this quote is released or any material information not disclosed to us, we reserve the rights to revise or withdraw our quotation.
       
Allianz will not honour any risks that breach our Underwriting Guide. Intermediaries have to strictly adhere to our Underwriting Guide and are responsible for any error that breaches our Underwriting Guide.       

 

Underwriting Rules for Third Party Only and Third Party Fire and Theft Coverage

 

IMPORTANT CONDITIONS

  • Insured / Authorised drivers who are age between 25 to 65 years old with at least 2 years of driving experience in Singapore.
  • Insured/Authorised Driver who are in business / trade of carrying own goods only.  
  • Third Party Fire and Theft - Vehicle age not exceeding 12 years.   
  • Third Party Only - Vehicle age not exceeding 15 years.        

 

REFERRAL LIST 

  • Insured /Authorised Driver with claim record in the past 3 years which exceeds S$2,500.

DECLINED LIST 

  • Insured not driving (no Driving license).  
  • Insured whose business / trade are in construction, transportation , logistics , freight forwarder & marine industry.
  • Vehicle used for rental / lease services / movers / dispatch / courier / towing & recovery services.
  • Vehicle used for carrying goods or passengers for hire or reward / tuition purpose & by law enforcement agency.
  • Vehicle used to transport flammable, toxic or explosive goods including : petroleum, LPG, liquid or compressed gas, chemicals in liquid or gaseous form.  
  • Vehicle Type :Buses / Mini Bus / Omni Bus / Coaches       
  • Make & Model to be declined : RENAULT       
  • Insured / Authorised Drivers have 2 or more claims experiences in the last 3 years.
  • Insured who are age below 25 or above 65 years old and /or has less than 2 years driving experience.(Applicable to vehicle registered under Individual name only).
  • Insured / Authorised Driver is physically impaired.        
  • Insured /Authorised Driver with claim record in the last 3 years more than S$8,000.  
  • Insured/Authorised Driver with previous suspension, record of revoked/endorsed driving licence. 

 

Please Note       
You are advised to check your personal and vehicle particulars to make sure that the information are correct, otherwise the premium quotation provided may not be valid.    
       
Any quotation provided by Allianz is based on the information as furnished and is valid for 14 days from Quotation Date. Should there be any further material changes to the risk after this quote is released or any material information not disclosed to us, we reserve the rights to revise or withdraw our quotation.
       
Allianz will not honour any risks that breach our Underwriting Guide. Intermediaries have to strictly adhere to our Underwriting Guide and are responsible for any error that breaches our Underwriting Guide.