Insurance Guide

Anyone who uses a motorcycle as a means of transportation in Hong Kong will benefit from a vast range of perks, such as lower vehicle insurance premiums, the ability to weave between fast-moving traffic, and the 'cool factor' that can give you some serious street cred. Safety concerns, however, can be an issue. Even when wearing a helmet, motorcycle drivers are more vulnerable to the elements and potential traffic accidents. To that end, this article focuses on the below 5 safety tips for riding a motorcycle in Hong Kong.

The Hong Kong-Zhuhai-Macau Bridge (HZMB) is going to open to the public soon-ish! This new, 55 km long megastructure is now the longest water-bridge ever built. It will shorten the travel time from 4 hours to just 45 minutes between Hong Kong and Zhuhai. All driving that occurs on the bridge will be in accordance with Chinese rules - on the right side of the road - not left as is the case in Hong Kong and Macau, and all tolls will be collected in renminbi. As great as it sounds, it’s actually not that easy to cross the HZMB because special permits and cross-boundary motor insurance must be obtained by all drivers entering the bridge.

The thing with any insurance policy is that it’s often not what’s covered that can be an issue, it’s not knowing what’s excluded that can be. Car insurance cover in Hong Kong is mandatory and governed to have minimum requirements by local laws. However, those basic coverage standards only legislate for coverage to third parties. When it comes to anything and everything else, you’ll need to be aware of what is and isn’t included in your own particular car insurance policy.

Hong Kong can certainly be a city where people’s lives vary an extreme amount. Say what you will about the inequality present in the city, but the point is that living in this city can be highly affordable for some, and ridiculously expensive for others. As such, there are certain status symbols that people here use to show off which end of this spectrum they are closer to, and one of the biggest status symbols a person can have in Hong Kong is no doubt the vehicle they drive. If you’re driving at all in this city, you are already pretty affluent. Of course, if you drive a particularly nice vehicle here, people are going to make other assumptions about how you are living. On the other hand, there is one status symbol in Hong Kong that goes highly underappreciated, even though its exorbitant costs often make headlines both in Hong Kong and abroad: A parking space. That’s right! The little parcel of garage where your car resides when not in use is a major consideration for vehicle owners in Hong Kong. Can your parking space have an effect on your insurance, though? Kwiksure examines the topic within this blog post. Read on to find out more!

Hong Kong is not a big city. You can get around the whole place in less than one day, especially if you’re using the world-class public transport system. For many expats, however, driving is high on their list of things to do when living here. Maybe you’re choosing to live out in the New Territories and need your own reliable transport, or maybe you’re just keen to keep behind a wheel. Kwiksure has all the information you’ll need regarding car insurance for foreigners and other important things to know about driving in Hong Kong.

Cars are sensitive machines that rely on many interconnected parts to function properly. Damage or complete destruction to any of these parts can be detrimental to your vehicle, as well as send repair bills into the stratosphere. No matter how “bullet proof” you think your car is, or how conscientious of a driver you are, there are a number of culprits that can send even the mightiest of vehicles into an early grave. Here, we look at the 7 most common causes of car damage in Hong Kong, and some of the things you can do to avoid them.

Shopping for motor insurance can be a tedious, borderline annoying process. Between finding a trustworthy insurance provider, identifying the best possible plan they sell, filling out paperwork, and handling payment, by the time you get insured, you’re happy to be done with it all. Honestly, we’d likely all prefer to just get our insurance and be done with it. Sure, we know there will be more tedium down the road should we need to make use of our insurance, but outside of that, we’d like to push the thought of car insurance right out of our minds. Time, on the other hand, has other plans. This is because, while it may seem that our car insurance policies go on and on, in reality they are renewed on a yearly basis. It’s even possible that it’s being renewed without you realizing it. So, what should you know about your car insurance renewal? Here, Kwiksure provides 5 tips to remember when renewing your car insurance in Hong Kong.

Earlier this week, our General Manager, Ken Chung, attended a memehk.com live show as a guest speaker and authority on all things car insurance related. Viewed by a live online audience of nearly 10,000 people, the Facebook broadcast centered around some of the most commonly-asked questions about car insurance in Hong Kong; all of which were answered in easy-to-understand, layman’s terms. In case you missed it, be sure to watch the recorded version of the show (in Cantonese only) here , or read on to learn about the key car insurance tips and insights shared by Ken.

Hong Kong is a city where space is at a premium. As such, it has one of the best public transportation systems that the world has ever seen. A concerted effort has been undertaken as the population of the city has ballooned over the years to reduce the number of cars on the road and get as many people into the city’s trains and busses as possible. This is for a number of reasons, but perhaps the biggest and most pragmatic one of all is simply that space needs to be saved as much as possible in such a densely populated urban area. By keeping the overall number of vehicles in Hong Kong low, and keeping the roadways as clear as possible, we keep traffic moving and reduce the amount of pollution the city sees. Of course, not everyone is able to only utilize public transportation for all of their needs. In particular, businesses need to have vehicles on Hong Kong’s roads delivering their wares and bringing shipments to their locations. The economy of Hong Kong depends on businesses having their vehicles able to move about the city freely. As such, the economy of Hong Kong also relies on commercial vehicles in the city being legally insured, per local motor insurance laws. Here, Kwiksure looks at what it actually takes to obtain insurance with some commercial auto insurance tips.

A private motor insurance policy is designed to cover your vehicle for general use, depending upon the type of policy and level of coverage. In contrast, motor trade insurance is a special type of car insurance that is used mainly by people operating car-related businesses - from second hand vehicle dealers to garages/repair shops - for protection against mishaps incurred as a result of driving their customers’, or even their own vehicles. As with any type of insurance, it’s always essential to do some research in advance so that you get the best out of your motor trade insurance policy. To that end, our experts have shared the following items anyone considering this type of policy should be aware of.

This month, Kwiksure has been inundated with new quote requests from Tesla owners. The recent Hong Kong budget has announced a new tax break of up to HKD 250,000, available immediately, if buyers trade in a car older than six years, and purchase an electric vehicle. This has been in response to a previous HKD 97,500 cap on tax breaks introduced last year - and one that all but stifled the market locally. These new owners, however, are about to find out that premiums are becoming more expensive - and that’s because of the cost of Tesla repairs.

There’s no denying that life can be unpredictable, but what we can do is plan for all eventualities. While preparing for an uncertain future can be a daunting experience, buying life insurance now will help ensure that your loved ones are protected from financial burden - before it’s too late. In this week’s article, Kwiksure highlights the most important things people should know about life protection policies.