Frequently Asked Motorcycle Insurance Questions

We have three types of policies you can choose from for your motorcycle.

Third Party Only is the most basic plan and covers your legal responsibility for damage to other people’s property or bodily injury or death to other people caused by an accident involving your motorcycle. It doesn’t cover damage to your own motorcycle.

Third Party Fire and Theft covers the same as Third Party Only plus loss or damage to your motorcycle if it is stolen or catches fire.

Comprehensive covers the same as Third Party Fire and Theft plus any damage to your motorcycle up to its market value.

Our motorcycle insurance is a Named Rider plan. Below are the definition and excess amounts applicable to the Named Rider plan.

Named Rider Plan

This plan covers ONLY:

• The person who uses your motorcycle most frequently (i.e. the Main Rider), and
• One other person you include on your policy as Named Rider.

IMPORTANT: The Policyholder must be listed as either the Main Rider or a Named Rider in order to be covered under your policy. Including additional rider(s) is subject to additional premium charges.

** Including Prevailing GST

Calculation of the total Excess payable on claims
The total Excess you have to contribute towards a claim is the aggregate of the Policy Excess and any Additional Excess(es) which apply.

Example
If a claim involves a Named Rider who was 24 years old and was holding a valid driving licence for less than 2 years, the total Excess payable would be S$1,500.00 computed as follows:

Under the Comprehensive and Third Party Fire and Theft plans, we insure your motorcycle up to its market value at the time of loss or damage.

No, we do not guarantee repairs to your motorcycle done by your own workshop.

Yes, when you go through our 'get a quote' process, we will ask you how you use your motorcycle. Here are the definitions of vehicle usage:

Private and Commuting Use is use of your motorcycle for social, domestic and pleasure purposes, and for travelling between home and a regular place of work only.

Private and Occasional Business Use is "Private and Commuting Use" above, plus use for occasional business purposes by the Main Rider or Named Rider only. "Occasional Business" means your motorcycle is not registered for business use, and the use of your motorcycle is not an essential part of earning income for a business.

Private and Business Use is "Private and Commuting Use" above, plus use for the business and/or occupation by the Main Rider or Named Rider only.

We allow:

• carrying of goods or samples that are not for sale or payment

We do not allow:

• carrying of passengers or delivery of goods in connection with any trade or business (for example, for despatch or courier purposes) whether paid or not;
• any purpose in connection with Motor Trade;
• driving tuition or test (whether paid or not);
• hire to other people; or
• any other purposes which we have not agreed to in writing.

We won’t insure Riders who have had their licence suspended or revoked in the last 3 years. And we won’t insure those who have been rejected or declined by an insurer in the last 3 years. We don’t cover riders who have a DUI charge (riding while under the influence of alcohol or drugs).

If you have our Comprehensive or Third Party Fire and Theft insurance, you can choose to have accessories and motorcycle modifications covered under our Optional Covers. We’ll repair or replace damaged or stolen motorcycle parts that are LTA compliant, and that have been declared to and accepted by us.

NCD is a discount on your motorcycle insurance premium. It’s based on how long you’ve been riding and your claims record. As you accumulate more years of riding without making a claim, you will receive more discount on the full-priced premium.

Provided you have been insured with us for the last 12 months and if you do not make any claim under your policy, we will give you a discount off your premium on the following scale when you renew your policy:

Your NCD will be shown on the Policy Schedule and/or Certificate of Insurance. However, if subsequently, there is a claim made under your policy, we will reduce your NCD as follows:

Your NCD will be reduced to 0% after a claim is made under your policy in a policy term. If you fail to report an incident leading to a claim on your policy within 24 hours of the incident or the next working day, we will reduce your NCD upon renewal as follows:

If you sell your motorcycle and buy another one and continue to maintain a motorcycle insurance policy with us, you will be entitled to retain your NCD for the new policy. If, however, you own more than one motorcycle, you will need to earn the NCD for each motorcycle. In such cases, we will advise you on the NCD under each motorcycle policy.

You can choose to protect your NCD under this Optional Cover. Refer to the table below for more details. This Optional Cover is only available to you if your NCD is 20%.

We allow all accident repairs to be carried out at a workshop of your choice.

Yes, it is standard industry practice for insurers to update the number of accidents prior to the policy start date, which may result in the premium being adjusted accordingly. At Budget Direct Insurance, we look at the total number of accident(s)/ claim(s) on your record in the last three years preceding the start date of your policy, regardless of whether you were at fault in those accident(s).

We do not cover the following professions, trade or services:

• Driving instructors requiring business use
• Professionals who are involved with the entertainment industry
• Professional sportsmen or sportswomen
• Personnel of foreign armed forces
• Foreign diplomats and foreign diplomatic staff

1. Policy Summary
2. Certificate of Insurance
3. Policy Schedule
4. Tax Invoice
5. Product Disclosure Document

The above documents will be sent to you by post unless you opt to go "Paperless", in which case we will email you the documents. If you decide to go "Paperless", your premium is reduced by S$20 (Including Prevailing GST).

You will be able to access your details under the 'Policy Manager' section of our website or you may call us at 6221 2111. Mondays to Fridays, 9am to 8pm and Saturdays, 9am to 3pm (Closed on Sundays and public holidays).

Yes, you can cancel your policy by giving us at least 7 days’ notice. If you cancel before or on the policy start date, we will charge a premium of $50.00 (Including Prevailing GST). If you cancel after the policy start date, you will receive a premium refund of 80% of the unused premium if no claims have been made or incidents reported on your policy. In such case, any refund of the pro-rated unused premium will be computed as follows:

We would refund you via the same way as you have paid for your premium, e.g. if you have paid by cash or cheque, we would refund you by cheque. If you have paid by credit card, we would refund you through the same credit card.

You can check your motorcycle details here on LTA's website.

If you need help finding this information, give us a call at 6221 2111. Mondays to Fridays, 9am to 8pm and Saturdays, 9am to 3pm (Closed on Sundays and public holidays).

You may do so by contacting the bank. However, please note that administrative fees may be imposed by the bank in accordance with its respective terms and conditions in the event of early redemption of the IPP (that is not due to policy cancellation). For more details, you may wish to check with your bank directly.

You may do so by contacting the bank. However, please note that the balance total outstanding amount under the IPP will become payable immediately. Do also note that administrative fees may be imposed by the bank in accordance with its respective terms and conditions in the event of early termination of your credit card account. For more details, you may wish to check with your bank directly.

To avoid road tax late payment penalty, your renewal instruction and full payment of premium should reach us at least 14 days prior to the expiry of your current policy. We will take it that you are not renewing your Policy if we do not receive the full premium by the expiry of your current policy and your policy will lapse after the last day of cover.

You do not have to do anything and we will deduct/charge the renewal premium from your credit card 14 days before the expiry of your current policy (“Deduction Date”).

If you do not wish to renew your policy, please inform us at least 2 working days before the Deduction Date and your policy will lapse after the last day of cover.

If any information on your renewal offer is missing or incorrect, or there are any changes to your circumstances, please let us know immediately. Either email us right back or call us at 6221 2111. Mondays to Fridays, 9am to 8pm and Saturdays, 9am to 3pm (Closed on Sundays and public holidays).

If your vehicle is being sold / scrapped or de-registered and you wish to cancel your insurance policy, then please provide us with the following supporting documents:

1. LTA notification on Transfer of Ownership / De-registration of vehicle OR
2. LTA SMS notification on the Successful Transfer of Ownership / De-registration OR
3. (In the event vehicle is sold) Handover form from dealer / buyer stating the handover date and time
4. If a vehicle registration number is retained prior to the sale or de-registration of the vehicle, please provide us with a copy of the LTA letter indicating the amendment.

You may email copies of your documents to [email protected]. Once we have received the required document(s), we will be able to process your policy cancellation based on the relevant date stated in the supporting document(s).

A step-by-step guide on what you should do if you are involved in an accident:

1. Remain calm and do not panic.
2. Check if anyone is injured - if there is personal injury, call 995 for ambulance or 999 for police assistance.
3. Do not move your vehicle unless necessary, especially if there are personal injuries involved.
4. Take photographs of the accident scene and damaged vehicles/property.
5. Exchange the following information and particulars with the other parties involved (including witnesses):
   
   

   - Vehicle Registration Number
   - Name/Address/NRIC
   - Contact Number
   - Insurer

6. Do not admit any liability, whether verbally or in a written form.

Should you require any towing services or assistance, please call our 24-hours Claims hotline at 6221 2199 if you are in Singapore or +65 6540 2199 if you are overseas.

Wait for a tow truck assigned by Budget Direct Insurance to tow your motorcycle – you should not accept help from any other towing service providers. You should also report the accident at any of Budget Direct Insurance’s Accident Reporting Centres within 24 hours of the accident or by the next working day.

You are only required to report the accident to the police if someone is injured in the accident or if it involves government/foreign vehicles, government property, cyclists or pedestrians.

Should you require further assistance, please call our 24-hour claims hotline at 6221 2199 or +65 6540 2199 if you're overseas.

You are required to report the accident to the local police. If your motorcycle is damaged or it is no longer safe for you to ride your motorcycle, we will assist to arrange towing services to bring your motorcycle back to Singapore. For further assistance, please call our 24-hour claims hotline at +65 6540 2199 and our representatives will advise you.

If it is safe for you to ride your motorcycle, you may report the accident to any of our accident reporting centre upon your return.

You can go to any workshop of your choice for all accident repairs

You are required to report the theft to the local police and proceed to any of our accident reporting centres to lodge an incident report. For further assistance, please call our 24-hour claims hotline at 6221 2199 or +65 6540 2199 (if overseas) and our representatives will advise you.

If you have a Comprehensive motorcycle insurance policy with us, we may choose to replace your motorcycle or pay you the market value of your motorcycle at the time of loss (as determined by us). Upon our replacement or payment, your policy will no longer be in force and there will not be any refund of premiums.

If you have a Third Party Fire and Theft Insurance policy with us, we will only pay you the market value of your motorcycle at the time of loss (as determined by us) in the event your motorcycle is deemed total loss due to damage by fire or is stolen. There will not be any coverage on your motorcycle if it is due to an accident.

If you have a Third Party Only Insurance policy, there will not be any cover on your motorcycle.

In the event of "Park and Found" or "Hit and Run", you must lodge a police report before reporting the incident at our accident reporting centre. You may choose to claim under your own policy.

You should only allow tow trucks assigned by Budget Direct Insurance to tow your motorcycle.

Should you require any assistance, please call our 24-hour claims hotline at 6221 2199 or +65 6540 2199 (if overseas).

Breakdown towing/assistance is available if you purchase the 24 Hours Roadside Assistance optional cover. If you did not purchase this optional cover, we can help you to arrange for roadside assistance, however, you will have to pay any costs directly to the operator.

The rider involved in the accident must report personally within 24 hours or the next working day, with a copy of his/her driving licence and NRIC, to any Accident Reporting Centre. The motorcycle must be present at the time of reporting.

There will be no replacement motorcycle. If you purchased our Transport Allowance optional cover we will pay you S$30 per day, capped at a maximum of 10 days per accident and subject to a total of 20 days per policy term. This optional cover includes an additional allowance of S$30 to "get you home" after an accident.

This Transport Allowance optional cover is only available for Comprehensive Motorcycle Insurance and Third Party Fire and Theft Insurance policy types.

After reporting the accident at our accident reporting centre, our accident reporting centre will be able to assist you to make a claim, or you may proceed to any workshop of your choice to file a third party claim.

Yes, you are required to file an accident report at our accident reporting centre for each and every accident even if there is a private settlement with the other party.

The purpose of informing us is to safeguard you from any claims that might arise from the accident and we will be able to defend you against any legal proceedings. You still need to lodge an accident report for any accident you are involved in.

Please click here for a copy of Budget Direct Insurance Private Settlement Form.

If you receive any Letter of Demand/ Writ of Summons from the other party relating to the accident, you should forward it to us "By Hand" immediately. You should not negotiate, admit liability or offer payment to the other party.

You are required to lodge a police report at, or near the place of accident. If you are not liable for the accident, you may choose to either claim under your own policy and we will recover all amounts paid from the insurer of that vehicle or you may proceed to any workshop of your choice to file a third party claim.

Excess is the amount that you have to pay towards your claim. At Budget Direct Insurance our standard policy excess for motorcycles is $500.

You can choose to reduce or increase this amount depending on your claim experience and budget.

For motorcycle you can reduce your excess right down to zero. This will increase your premium but means you pay less excess on your claim. You can also increase your excess up to $800, which means you pay less premium.

Types of Excess

The table below shows the types of excess that will apply when you make a claim.

** Including Prevailing GST

How to calculate the total excess payable on a claim

The total excess that you have to contribute towards a claim is:

the policy excess and any additional excess(es) that apply.

Example

If a claim involves a Named Rider who is 24 years old and has held a valid driving licence for less than 2 years, the total excess payable would be S$1,500. This amount is computed as follows:

Policy excess waived

You do not have to pay any policy excess towards a claim arising from an accident involving another identified vehicle registered in Singapore, that was wholly not your fault based on our assessment.

The policy excess does not apply if you are claiming for damage to your motorcycle due to fire.

If your motorcycle is stolen outside of Singapore, the excess will be 50% of the market value of your motorcycle at the time of the theft (up to a maximum of $2,000 Including Prevailing GST).

You can report the motorcycle accident at our Motorcycle Accident Reporting Centres.
You can also report the motorcycle accident at any of our Car Authorised Workshops.

Your current NCD (0-20%) is transferable to your new policy with Budget Direct Insurance. But do note that any protected NCD (NCD Protector) is not transferable from one insurer to another. If you have been involved in an at-fault accident/ claim and your 20% NCD has not been reduced to 0% because of the NCD Protector, you would have to declare your NCD to be 0% when you switch over to us.

If you are unsure of your renewal NCD level, please state 0% or give us a call at 6221 2111. Mondays to Fridays, 9am to 8pm and Saturdays, 9am to 3pm (Closed on Sundays and public holidays).

You, or any other person, must not carry out repairs to your Motorcycle without our prior written authorisation, except for essential repairs of up to S$300.00 to enable you or an Insured Rider to ride your Motorcycle away from the scene of the accident immediately after its occurrence.

If you sell or permanently replace your motorcycle with another motorcycle, cover for your motorcycle will end at the same time. But we are happy to provide a new quote for the new bike. We also can do the following:

• Waive the cancellation fees
• Offer a buddy discount of 5 or 10%, depending on whether you have any other annual policies with us.

Riders with Comprehensive or Third Party Fire and Theft coverage who wish to travel to Malaysia – and southern Thailand – are covered for theft, but should be aware that motorcycle theft in Malaysia and Thailand is much more frequent an occurrence than it is in Singapore. (Third Party Only insurance does not provide any coverage for theft in either Singapore or Malaysia&).

Also, please note the excess amounting to 50% of the Market Value of your Motorcycle at the time of any theft (up to a maximum of S$2,000.00 - Including Prevailing GST) will apply if your Motorcycle is stolen outside Singapore.

Your motorbike is covered under Comprehensive or Third Party Fire and Theft motorcycle insurance.

In the event your motorbike is stolen outside of Singapore; there will be an additional excess fee (more than the standard policy excess). This will amount to either 50% of the Open Market Value of your motorbike at the time of theft or $2,000, whichever is the lower sum.

Do note, the rider will need to make an Own Damage Claim.

Your Budget Direct Insurance motorbike policy will allow you to authorise repairs without having to go through us, as long as the repair cost is below S$300.

The threshold of up to S$300 is only to allow essential repairs to be done to enable you to ride your motorcycle away from the scene of the accident immediately after it has happened. Otherwise, you must not carry out any repairs without prior authorisation from Budget Direct Insurance.

Step 1. Call your nearest neighbourhood police station in Malaysia and make sure you lodge a full report with them.

Step 2. Call the Budget Direct Insurance 24 Hours Claims Hotline on +65 6540 2199. You will be guided on what to do next. Note, that you must submit the police report in order to make a claim.

Step 3. Remember to check if there is any nearby CCTV that may have captured the theft on camera. With the help of the police, the local authorities can retrieve the video footage which can be used as evidence.