Motor Insurance Protects You against Financial Damages or Losses That May Arise from a Motor Accident
Besides the fact that it is against the law in Singapore to drive a motor vehicle without a valid insurance policy to cover third party bodily injury, motor insurance makes good sense as it gives you protection against financial damages or losses that may arise from a motor accident.
It covers you for personal injury that you may cause to third parties, and can cover your costs if you damage someone else's property. It can also cover any other loss or damage that you may suffer in a motor accident.
