What is Commercial Vehicle insurance?

It covers loss or damage to your vehicle due to accidental collision and your legal liability to third party’s (including your passenger’s) injury and property damage. 

Options

Tokio Marine provide the following types of motor insurance:

  • Comprehensive
    • Approved Workshops Plan
    • Other Workshops Plan
  • Third Party Fire and Theft
  • Third Party

Key coverage

Types of Coverage

Comprehensive

Comprehensive

It covers loss or damage to your vehicle due to accidental collision and your legal liability to third party’s (including your passenger’s) injury and property damage.

Unlimited Windscreen Cover
Provide free unlimited windscreen cover subject to applicable excess.

Passenger’s Legal Liability to Third Party
Cover against legal liability to a third party resulting from negligent acts of your passenger(s).

Extend your protection
You can pay additional premium to include covers against
-   Floods and windstorms
-   Strikes, riots and civil commotion

Benefits under Approved Workshops Plan

  • If you wish to claim against your own insurance, all accident repairs must be carried out at any of our Approved Workshops unless your vehicle is still under the manufacturer's original warranty (not including extended manufacturer's warranty). However, even if your vehicle is still under the manufacturer's warranty, you must still carry out your windscreen replacement at one of our Approved Workshops.
  • When you replace your windscreen at our Approved Workshop, no limit is imposed on the costs of replacement and your No Claim Discount (NCD) will not be affected.
 
Benefits under Other Workshops Plan
  • Accident repair may be carried out at any workshop of your choice.
  • However, for windscreen replacement carried out at workshops of your choice, the maximum amount that we will pay is $500 for each claim.
Third Party Fire & theft Cover

Third Party Fire & theft Cover

We cover loss or damage to your vehicle caused directly by fire or theft as well as your legal liability for any third party injury or property damage.

Third Party Cover

Third Party Cover

Cover your legal liability for any third party injury or property damage.

How much is my premium?

Your premium may vary, depending on

  • Our underwriting criteria
  • Your No Claim Discount (NCD) entitlement

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What we don’t cover

Death or injury caused by or due to:

  • A vehicle used for:
    • Illegal business as an unlicensed common carrier
    • Hire or reward, road rally pace making, speed-testing or any purpose related to the motor trade
  • A driver:
    • Under the influence of alcohol, or drugs (unless medically prescribed)
    • Without a valid driving license
    • Not qualified for holding or obtaining a license under the regulation of the Malaysia/Singapore Road Transport Department
  • Any person involved in police, army, naval or armed force services or operations
  • Terrorism and war risks
Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important information

This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.