Earlier this year, I had a tragic accident happened to me. Basically it was this extremely uncooperative lamp post that just wouldn’t stay still and decided to meet my car squarely face to face. You can read about it here.
The outcome wasn’t pretty, but thank goodness nothing major came out if it. I walked away basically unscathed, but the car, even with the engine located at the back, suffered quite a hit, as you can witness from the photo below.
one should always take a photo for memory sake (suggested by the cop)
Well, since I bought insurance with full coverage for the car, I naturally did a claim and the car is fully fixed now. However, I did lose the NCB (no claim bonus). A decent discount that I had enjoy over the years being a very cautious and careful driver.
accidents happen, FOL
Just to show that accidents do happen and is something that we can’t avoid. This year alone Horng had a couple accidents, Kim’s car was hit once, Yee Hou had his car flipped avoiding a cat, and most recently, Joshua’s car was banged pretty badly by some another car. Even Tim too joined the club.
With car insurance, it works pretty straight forward. If you did not do a claim (not everyone above did), you get a discount for the following year. If you do, the NCB goes to zilch. That, to me, is pretty fair.
Which makes me wonder why no one had ever thought of this very same scheme for health insurance, until I heard about it during the Prudential Health Challenge I attended last weekend (will write about that soon).
It is pretty straight forward, if you don’t claim in the first year, you get a bonus for the next. Which makes perfect sense to me, stay healthy, get rewarded.
Now that wasn’t rocket science. I think I’m going to get my agent to talk over about this plan when I see him again next. I do hold a Prudential health insurance policy. Check out PruHealth website for more.