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Monday, April 14, 2008

Inflated Third Party Claims

Dear Mr. Tan,
In April 2002, we received a letter from a lawyer asking my insurance company to pay $4,900 as my husband's car hit a taxi. Later, the sum escalated to $5,400. It was settled by the insurance company. I still could not believe that a small damage could cost so much money. Since then, I greatly feel that Singapore system had not been fair. Now, I read about more inflation claims. Isn't it ridiculous?

REPLY
I agree with you. I suspect that there must be at least 10,000 claims of this nature each year in Singapore. I hope that the public can write to the papers to complained about it Maybe, if there is protests, then the Government will act.

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