Claim for repairs to vehicle

Here are the results of the survey.

Dear Sir,
I would like your advice about a traffic accident involving my car colliding with a taxi. Both cars were at a traffic stop wainting for the light to turn green. When the light turn green, the taxi in front of me started to move but braked suddenly after a few feet. Because of the proxiity of the cars, a collision occured but the force of the collision was mild.


The taxi driver of the taxi and I both came out and inspected our cars but found no damage to both cars. The taxi driver and I both agreed that there were no damages to both cars as the force of the collison were mild.


The taxi claimed that he stopped the car suddenly to avoid a collision with a lorry but the taxi was making a U turn while the lorry was making a right turn at Alecandra road. However I did not see the lorry. From the traffic junction I found that it was not possible for the lorry to collide with the taxi as alleged.


As both cars were not damaged, I was surprised that the taxi send an invoice of the repairs to the taxi costing over $2000. to my insurance company. The officer of my insurance company said that the taxi has been repaired.  Who allowed the taxi to be repaired whe there was no damage as a result of the acxcident?


F

REPLY
You can tell the insurance company to reject the claim from the taxi as the damages were not caused by you. However, the taxi driver will get his lawyer to sue you directly. You must be prepared to get your lawyer to reject their claim and to fight the case in court, if they issue you a summons.

Puzzles to train your mind

Here are some testimonials on the use of the shape quiz and tangram to train the mind:

1. My son (age 13) often play tangram and shape quiz puzzle. Sometime, when he met quite difficult question while he doing his homework (for example : Math), he solved by "Out of box" way, but his answer is correct. I think this puzzle train his mind to find solution.


2. This shape-puzzles is more than just an engaging game. It actually helps tapping into your inner thinking cause in your pursuit to solve the problems, it pushes you to look at things from different angle

3. Fun puzzles that are suitable for a wide age range.


4. This shape-puzzles is more than just an engaging game. It actually helps tapping into your inner thinking cause in your pursuit to solve the problems, it pushes you to look at things from different angle
 
Order Online.

Case study - lower insurance premium

This is a case study. You are insured with an insurance company that has been operating fairly efficiently and has been providing satisfactory service. It incurs the following expenses and charges a premium of $1,000:

average claim per policy $550
expenses $200
commission to agents $150
profit margin $100
premium $1,000

Another insurance company offers you a lower premium of $900 but if the lower premium is due to any of the following factors:

a) they are more efficient in handling their claims
b) they are likely to be more difficult in paying claims due to inadequate premium
c) they may offer a lower quality of service
d) they are keen to gain market share and don't mind making a loss

Here are the results of the survey.

Countdown to 2 million visitors

The total visitors to my blog has just passed 1,900,000. I expect the count to reach 2 million by end of June 2010. By that time, my blog will be 40 months old. The average visitorship for this period is 1,700 visitors a day. The daily average has now reached 2,600 visitors.

Credit card charges

Hi Kin Lian,
I would like to share what I found out about this. Credit card companies charge an administrative fee of 1.25% onwards to card users for transactions in non SGD currencies. Maybank charges 1.25% as does RBS. I think the rate charged by Citibank and DBS are 1.5%. This is on top of the 1% charged by VISA/ Mastercard.


So let's say I buy something online in USD, and the exchange rate determined by VISA for the posted date is USD 1 = SGD 1.40. The charge I receive will be 2.25% on top of that.


Now, if I buy in a non USD currency say GBP, the GBP charge will be converted to USD first, then USD to SGD so resulting in an extremely unfavourable rate.


There's not much transparency regarding this and I obtained this information after I questioned my bank about it. Hoping you can help educate the public especially your blog readers on this. Thanks.
 
CC
 
REPLY
I am not able to verify this fact. Can other readers share you experience?