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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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 Posted: Fri Jul 13, 2007 3:34 am Post subject: Scooter insurance ... why bother? |
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What does scooter insurance cover you for exactly?
I've heard varying reports that most foreigners; even if they have insurance, pay out of pocket if they have an accident involving another vehicle so I'm not sure what the point is of having insurance. Unfortunately in order to transfer ownership it seems that they force you to have insurance and the guy I'm buying the scooter from wants to take his name off the ownership (can't say I blame him for that). |
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TaoyuanSteve
Joined: 05 Feb 2003
Posts: 1028
Location: Taoyuan
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| Posted: Fri Jul 13, 2007 5:23 am Post subject: |
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| It depends on what insurance is purchased. There is a government mandated minimum insurance that you must buy in order to operate your vehicle legally. From what I know, it doesn't cover very much at all. It is possible to buy much higher levels of insurance. However, it is optional and you have to ask for it (and pay for it). |
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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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| Posted: Fri Jul 13, 2007 3:36 pm Post subject: |
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I'm guessing mine is the bare bones legal minimum requirement.
$727NT for a year doesn't sound like it'll cover much to me... |
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BigWally
Joined: 07 Jun 2006
Posts: 765
Location: Ottawa, CAN (prev. Kaohsiung "the Dirty South")
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| Posted: Fri Jul 13, 2007 4:23 pm Post subject: |
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| I just got my renewal forms. I asked one of my Chinese staff to explain it to me. There are 2 charges. One for about $1200 which is a basic personal liability insurance. The second one is for the scooter itself which is about another $750. |
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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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| Posted: Sat Jul 14, 2007 2:15 am Post subject: |
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| OK so then if I get into an accident with the scooter it is covered for repairs or is it just a 'throwaway' policy? By this I mean that it is essentially a governmental cash grab with little to no intrinsic worth or effectiveness. |
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TaoyuanSteve
Joined: 05 Feb 2003
Posts: 1028
Location: Taoyuan
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| Posted: Sat Jul 14, 2007 12:08 pm Post subject: |
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| yamahuh wrote: |
| OK so then if I get into an accident with the scooter it is covered for repairs or is it just a 'throwaway' policy? By this I mean that it is essentially a governmental cash grab with little to no intrinsic worth or effectiveness. |
The government mandated minimum insurance won't cover very much. This is known. That's why it's as cheap as it is. I may be incorrect in this, but I seem to recall that the basic insurance is a third party personal injury policy and doesn't pay for repairs to vehicles. It's not a governmental cash grab as the policy money doesn't go to the government, but the basic insurance is not much better than no insurance at all. If insurance is important to you, I'd suggest buying more than the mandatory policy. |
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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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| Posted: Sat Jul 14, 2007 12:52 pm Post subject: |
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| It's not but thanks for the info... |
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