Today I went down to NTUC to renew my road tax, and upon
reaching the entrance, I saw this piece of paper saying that
With effect from 15th February 2003 we will not be accepting new
proposals for the following vehicles:
a. following motor cycle models :
Yamaha(RXZ)
Honda CB 400
Honda NV 400
Honda(RVF400)
First of all, why is this insurance company denying the renewal of
motorcycle insurance policies to certain bikes? (it is still
possible to renew, but on a case-by-case basis, Ive checked it out
liao)
Secondly, what makes them list out the bikes mentioned? By doing
so, arent they sending out messages to people that the bikes
mentioned all of Claiming Insurance Caliber ?
Thirdly, if the above paragraph is true, how true is it? Any
statistic to show or proof? If so, how worthy and authentic can the
information be? Source from?
In the past 1-year or so, we bikers have been suffering in silence
(except in forum), increasing of insurance policies have been a big
blow to us, esp. those newbies in fulfilling the biking
dreams.
I hope that perhaps someone from NTUC can enlighten us, esp the
bikes mentioned in giving us a satis answer on why they make such
decision.
Last but not least, if NTUC doesnt want to accept policies, whom
can we turn to?????????????
