Hi,
Need some advice from car insurance gurus here.
I was involved in a 3 car collision afew months back, the car I was driving (wife's car) being in the 2nd car in the middle.
It happened such that I stopped in time, but the last car behind hit me, and caused me to hit the 1st car in front.
This should be easily verified by the 1st car driver as he only heard 1 bang.
So, I was not too happy when my insurance company accepted liability on my behalf to pay the full damages for the 1st car, when I thought they should fight to attribute the cause of my car hitting the 1st to the 3rd car instead.
When I wrote in, the claim service team replied and said they accepted liability based on the "Barometer of Liability Agreement (BOLA)" as explained in the extracted email below from them.
I am not too happy as even though my NCD was protected, I was told they will load my premium when I next renew the insurance. A bit unfair when the accident was due to the last car.
I would like to seek your kind advice here if indeed, it is industrial practice and I just have to suck thumb??
Thanks in advance.
"Under the industry Barometer of Liability Agreement (BOLA) which all motor insurers in Singapore have agreed (and regulated by the General Insurance Association; GIA), your claim falls under the scenario of chain collision involving three or more vehicles.
For chain collision accident, all Singapore Motor Insurers have agreed that for any third party property claim only, the vehicle just right behind the claimant settle his/her claim at 100% liability i.e. 5th vehicle to settle 4th vehicle, 4th vehicle to settle 3rd vehicle and so on, so as to avoid many litigation suits and to save on our Singapore high litigation costs.
We have therefore settled the property damage claim from SXXXXX on 100% basis under this industry agreement, without affecting your NCD"
Need some advice from car insurance gurus here.
I was involved in a 3 car collision afew months back, the car I was driving (wife's car) being in the 2nd car in the middle.
It happened such that I stopped in time, but the last car behind hit me, and caused me to hit the 1st car in front.
This should be easily verified by the 1st car driver as he only heard 1 bang.
So, I was not too happy when my insurance company accepted liability on my behalf to pay the full damages for the 1st car, when I thought they should fight to attribute the cause of my car hitting the 1st to the 3rd car instead.
When I wrote in, the claim service team replied and said they accepted liability based on the "Barometer of Liability Agreement (BOLA)" as explained in the extracted email below from them.
I am not too happy as even though my NCD was protected, I was told they will load my premium when I next renew the insurance. A bit unfair when the accident was due to the last car.
I would like to seek your kind advice here if indeed, it is industrial practice and I just have to suck thumb??
Thanks in advance.
"Under the industry Barometer of Liability Agreement (BOLA) which all motor insurers in Singapore have agreed (and regulated by the General Insurance Association; GIA), your claim falls under the scenario of chain collision involving three or more vehicles.
For chain collision accident, all Singapore Motor Insurers have agreed that for any third party property claim only, the vehicle just right behind the claimant settle his/her claim at 100% liability i.e. 5th vehicle to settle 4th vehicle, 4th vehicle to settle 3rd vehicle and so on, so as to avoid many litigation suits and to save on our Singapore high litigation costs.
We have therefore settled the property damage claim from SXXXXX on 100% basis under this industry agreement, without affecting your NCD"
