Getting your fleet of charter buses insured is one of the most important things that should not leave any room for error.
If you own a charter or plan to drive one, and do not have insurance for your bus yet, please do not hesitate to contact Lian Hong’s team to assist you. You can fill up their inquiry form, call them at +65 6769 4850 or email them at [email protected].
What Is A Charter Bus Insurance
A charter bus is a large coach that is registered to be hired by an organisation to transport a group of people to a destination determined by the group’s coordinator.
The majority of organisations use charter buses as they are convenient, affordable, and for safety reasons.
These safety reasons aren’t given to charter buses just because. It’s mainly owed to the insurance that is provided to charter buses.
A charter bus insurance falls under Commercial Vehicle Insurance.
This insurance category is broad and is applicable to bus insurance, lorry insurance, and car insurance. The common ground is that all these vehicles are used for commercial purposes.
They are three different coverages, from most extensive to the least:
- Comprehensive Cover
- Third-Party, Fire and Theft Cover
- Third-Party Cover
The cost of these insurance plans are dependent on a number of factors such as age, gender, and if No Claim Discounts can be applied, and more.
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Benefits of Charter Bus Insurance
As mentioned earlier, there are three types of coverages for charter bus insurance.
1) Comprehensive Cover
This coverage ensures that your vehicle, your passengers, the third-party involved in the accident, and yourself are all well-covered.
The comprehensive coverage option would be the safest choice among all the three options.
2) Third -Party, Fire and Theft Cover
Third-party, fire, and theft coverage insurance is one level below the first one.
It’ll protect the third-party involved in the accident, any fire and theft damages are done to your vehicle. However, it will not insure you for damages sustained by your vehicle due to accidents.
3) Third -Party Cover
Third-party coverage only protects the third-party involved in the accident. Anything besides that will not be insured.
This is the minimum insurance requirement for charter buses in Singapore.
Why Choose Lian Hong?
Lian Hong has been in this industry for more than 30 years and counting. They stay abreast of the changes in Singapore’s policies and laws so that what they offer is the most relevant to their customers.
Their staff are also well-experienced and are able to answer any questions that you may have.
You can get a free quotation from them for your charter bus insurance by visiting their website page.