Gigacover CDW is made for both vehicle owners and private hire drivers in Singapore who rent their passenger motor vehicles from rental companies.

The insured should have a valid driver’s license or Taxi Driver’s Vocational Licence (TDVL) or Private Hire Car Driver’s Vocational Licence (PDVL).

Section 1 (Own Damage) excess typically refers to the amount you need to pay for accidental loss or damage to the vehicle you rent/ own.

Section 2 (3rd Party) excess typically refers to the amount you need to pay for accidental injury, loss, or damage caused to a 3rd party by the vehicle you rent/ own.

You should select a level of coverage for CDW that is the same as that of the excess indicated on your rental contract/ primary motor insurance contract.

If for example, your rental contract states that:

your Section 1 (Own Damage) excess is $1500, and
your Section 2 (3rd Party) excess is $2000,
You should select CDW excess of Section 1 = $1500 / Section 2 = $2000.

After you have paid the initial full excess on your rental/motor contract, send the proof of payment to us, alongside with the other relevant claim documents. Upon approval of claim, we will reimburse the difference to you.

Example: You purchased Section1 $1,500 and Section2 $2,000 to be reduced to $500. Upon approval of claim, we will payout to you the difference which is $1,500 + $2,000 - $500 = $3,000.

You should not purchase a CDW policy with higher excess than the maximum excess liability stated on your rental contract. In the event of a claim, the insurer will not be able to pay more than the excess indicated on your rental contract.

We do not recommend purchasing a CDW policy with lower excess than what is stated on your rental contract.