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Singapore Taxi Club -> On The Roads (For All Drivers) -> Mutual Settlement in an accident
Post Info TOPIC: Mutual Settlement in an accident
fairfare


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Mutual Settlement in an accident
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three days ago i took a pax to Parkway Parade...bcos of heavy traffic to PP many cabs including myself got stuck on the main road waiting to turn into the drop point

then came this lady driver on the 2nd lane wack my rear bumper...bumper cave in just a little...so we settled the matter...i requested for compensation...she agreed to pay...both then signed the Mutual Settlement form which I produced.

any bros want a copy of this Mutual Settlement Form can get it from mewink.gif

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gg138


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maybe u can draft it here so that we can just follow the format.
appreciated.

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fairfare


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ya...i'll send the file 2mor & you may it print for yourselfsmile.gif

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moshimoshi


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fairfare wrote:

three days ago i took a pax to Parkway Parade...bcos of heavy traffic to PP many cabs including myself got stuck on the main road waiting to turn into the drop point

then came this lady driver on the 2nd lane wack my rear bumper...bumper cave in just a little...so we settled the matter...i requested for compensation...she agreed to pay...both then signed the Mutual Settlement form which I produced.

any bros want a copy of this Mutual Settlement Form can get it from mewink.gif




i understand they used to have some sort of a standard mutual agreement form
available at Loyang office. Wonder if they still have it?... haven't been to Loyang
office for donkey years liao...

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fairfare


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moshi2

Loyang dun bother to print for drivers now...anyway i took the initiative to replicate almost same contents for own use...wld like to share for those who dun have...very useful to avoid complications arising from a minor accident.

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taxiuncle


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in an event like this, would u still collect the fare from the pax inside ur cab?
what if the accident happens halfway the journey b4 reaching the destination? smile.gif

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fairfare


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rightfully should'nt collect fares if destination not completed...if you're not at fault & can mutually settle then include fares into account plus loss of income hehesmile.gif

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fairfare


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MUTUAL SETTLEMENT FOR MOTOR ACCIDENT


1. We, the undersigned hereby agree to mutually settle among ourselves
A motor accident as follows:

Date/Time :

Along :

Involving :

2. Neither party will report the accident to the relevant authorities as there are no personal injuries or dearth involved.

3. Both parties have agreed to settle this matter amicably as follows:
*Delete (a) or (b) as applicable

(a) Neither party shall be liable to compensate the other party for any
loss or damages (direct or indirect) incurred as the result of the
accident.

(b) Without admission of liability, (party paying compensation) has
paid a sum of $________ (owner of vehicle receiving compensation) hereby acknowledge in full and final settlement of all damages and costs incurred and/or to be incurred as a result of this accident.

Signature:______________ Signature:______________

Name: Name:

I/C No: I/C No:

Address: Address:


Vehicle No: Vehicle No:
Contact No: Contact No:
Date: Date:


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fairfare


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some spacings are merge dun noe why...you need to adjust themcry.gif

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stkee


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Bros,

I thought recently there is a new directive saying that all accidents no matter how minor must be reported to the insurance company... This is to protect the insurance company from "blowout" claims from some drivers...

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mafiamagic


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Sometimes I think why should we care for the company. Some of the minor accident our company still ask us to pay (For Excample: Comfort) $1000 Access even if its minor like the bumper. Worse still some accident case like my friend involved. He got hit by the side door.. He was not in the wrong.. He still need to pay the $2000 access. So why care about the so call "BLOWOUT" Claims?

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fairfare


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mafiamagic wrote:

Sometimes I think why should we care for the company. Some of the minor accident our company still ask us to pay (For Excample: Comfort) $1000 Access even if its minor like the bumper. Worse still some accident case like my friend involved. He got hit by the side door.. He was not in the wrong.. He still need to pay the $2000 access. So why care about the so call "BLOWOUT" Claims?





agreed...the coy hv insurance only to cover their assets i.e. taxis...not cabbies...any accidents the coys make $$$$ from us...collate these & pay end year bonusdisbelief.gif

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bluenuts


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Yes, we are 'suppose' to report all accident to our insurance or coy, this is to safeguard them, not drivers.
If you can settle it privately, why not?
It saves you the time and hassle to report the accident and most likely saves you some hard earn money too.
Any accident reported will cost you at least 1k. Is that what you want?
Mutual agreement form drafted by Bro Fairfare is good cos it prevent the other party from reporting after the incident and putting a claim on you.
If your pax is there, get them to sign as witness if possible.

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tiny168


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Thanks Bro Fairfare,

This is useful stuff.

Cheers.

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moshimoshi


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Maybe bro fairfare would like to bring along some of these Mutual Agreement Forms
to our next monthly kopi meet-up for our bros. Wat say you, bro fairfare?
Cheers.
smile.gif . smile.gif

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