BOLA

tips for drivers protection under bola singapore

Tips for Drivers to Protect Themselves Under BOLA in Singapore

The Barometer of Liability Agreement (BOLA) plays a key role in Singapore’s road transport industry by standardizing how car accident liability is determined. Understanding BOLA is crucial for drivers in Singapore, as it helps you navigate accident claims, protect your No-Claim Discount (NCD), and secure a fair settlement. This guide covers the essentials of BOLA, its benefits, and its limitations, ensuring you’re prepared in the event of an accident.

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bill of lading authority bola role in singapore transport

Understanding the Barometer of Liability Agreement (BOLA) in Singapore

The Barometer of Liability Agreement (BOLA) is a crucial framework in Singapore’s road transport industry, standardizing how car accident liability is determined. Developed by the General Insurance Association (GIA), BOLA helps insurers assess fault more efficiently, reducing disputes and streamlining the insurance claims process. This guide explores the mechanics, benefits, and limitations of BOLA, empowering you to handle post-accident processes confidently.

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