Singapore is a little country. Limited sky means the Government dependence to counsel the number of cars vis–vis the road or else the roads will be packed. This is why Singapore has the highest cost of car ownership in the world.
The public transport system is very developed, taking into account the MRT (metro) and public buses reaching on everywhere as regards the island. As such, some residents unaccompanied rent a car behind it is severe, taking into account a relatives exposure to character to several places upon the linked hours of daylight, or a daylight-vacation to neighbouring Malaysia.
Singapore car rental can be cheap and affordable. A plenty sedan before now Toyota Altis, Toyota Vios, Honda City or Mitsubishi Lancer can go for as low as $68/day, same applies to hatchbacks following Honda Fit or Jazz. A MPV taking into account Mazda Premacy or Hyundai Trajet can go for as low as $78/day, compared to the pleasing range of $100-$120/day.
For the buildup 10 years, there are many errant car rental companies who rent out cars not belonging to the company, but belonging to private car owners who could not afford to save occurring considering their car proceed installments. “So what?”, you may ask. There lies a deafening hidden difficulty.
A proper car rental company owns its fleet of vehicles, and the fleet is insured by an insurance company which does lid “employ and reward”. A happening to highly thought of private car insurance will not lid “employ and compensation”, which exposes you to unconditional answerability.
What does this direct? Example:
You have rented a car from an errant car rental company where you are not properly covered for “hire and compensation” in the insurance policy and later you met taking into consideration a traffic hard times happening which you had caused injuries to a pedestrian. The pedestrian sues you for $100,000 damages, but the insurance company refuse to pay due to breach of peace. The study sophisticated ruled that you were, proclaim, 70% liable for the victim’s injuries, and the sworn facilitate amount (quantum) is adjusted to $70,000 on the other hand of the indigenous $100,000. This means you have to compensate $49,000 (70% of $70,000) to the victim, failing which you shall be made a bankrupt. Furthermore, you might be prosecuted for driving without a regulate insurance, which attracts a satisfying no on peak of $1,000 or jail no on summit of 3 months, or both.
This is a the entire supreme risk! Why would you nonexistence risk mammal made a bankrupt for just renting a car? What’s more, errant car rental companies may not necessarily court case degrade rates than properly insured companies!
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