Insurance Guide

With the Continuing Education Fund (CEF) now covering driving courses offered by driving schools, more people are considering getting their driver's license. After all, Hong Kong's road tests are famously stringent, with only about a 20% pass rate for both automatic and manual transmissions. The Transport Department's (TD) driving test guidelines recommend a minimum of 30 hours of driving training for beginners. Assuming each lesson is 45 minutes long, that means at least 40 sessions are needed to meet the requirements, and the tuition for 40 sessions can be quite significant. So, should you opt for a private instructor or a driving school? Some believe that the driving school's test routes are easier to pass, but is that really true? Today, we at Kwiksure will compare private instructors and driving schools for you. All money sums in this article are in Hong Kong Dollars (HKD) unless otherwise stated.

We often read about traffic accidents happening during a driving lesson or even a driving test on social media and the media, where the learner’s vehicle crashes into public objects like railings or even other vehicles. In situations like those, will the driving instructor or the driving school, or the learner driver, bear the greatest responsibility? Will the insurer compensate for a car crash during a driving lesson? Is there anything to be particularly careful about when securing insurance as a learner motorcyclist? In today’s article, the experts at Kwiksure will examine these issues in detail for you.

According to an article by Eames Consulting in 2017, research from QBE insurance indicated that 26% of businesses in Hong Kong suffered lost income due to a business interruption. And if you thought that things were better by now, think again. The uncertain economic situation, global supply chain disruption, rising inflation, and other macro factors continue to impact businesses in Hong Kong and their bottom line. With this in mind, securing the right business interruption insurance is crucial for sufficient protection against various potential corporate perils. But, what exactly is business interruption insurance? This Kwiksure article has the answer to this question and more! Business interruption risks in Hong Kong According to the Allianz Risk Barometer 2022, business interruption ranks as the second most concerning risk, after cyber risk, and results in a loss of income that could impair a company’s revenue stream and thus a shortfall in covering the ongoing costs of doing business.

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In the past year, very few people in Hong Kong could travel abroad. Besides having staycations in Hong Kong, many people chose to head to the rural areas for activities like camping and hiking, and one of the most popular activities these days is car picnicking. Today, our experts at Kwiksure will present to you a list of car picnicking sites in Hong Kong, along with their fees. Many of these sites have a long list of facilities for borrowing, which makes them very suitable for novice car picnickers! The term 'car picnicking' originated in Japan, and means accommodation in the car. This practice has been popular in Japan for many years. The car owner would transform the car's interior into a living space, possibly adding TVs, beds, folding tables, etc. These owners would live, cook, play, and sleep in the car, and also have self-driving trips when they find the time. This is similar to the car travel life (Vanlife) that foreigners love, though most foreigners will use large camper vans instead of private cars or goods vans and park their cars at the campsite before setting up tents and cooking. As for the "car picnicking" that has recently gained popularity in Hong Kong, many people will drive to outdoor campsites to set up tents, so the practice is closer to what people do in the West.

Hong Kong’s iconic tourist attraction, Jumbo Floating Restaurant, was forced to leave its home behind. Having faced financial troubles for years, its company, Aberdeen Restaurant Enterprises, finally announced its departure. However, its first trip outside of Hong Kong was also shrouded in mystery. First, Jumbo was said to have sunk on its way to Cambodia before the company backtracked to clarify that while it has capsized near the Xisha Islands in the South China Sea, it is still afloat . As citizens/HongKongers speculated on whether this was a calculated scam for an insurance payout, the company claimed that it would not receive any. In this Kwiksure article, we’ll take a look at why Jumbo received no insurance payout and what property and casualty insurance can do for you.

Starting a business in Hong Kong is a huge task. Not only do you have to come up with an idea, service, or product that’ll be profitable, but you also have to navigate the world and responsibilities of being the owner of a company. Startups and Small to Medium Enterprises (SMEs) are still held to the same compliance, corporate governance, and liability standards as larger companies. This includes having to manage the risks associated with operating a business, which often involves business insurance. This Kwiksure article offers a brief introduction to the world of corporate and business insurance products that you’ll need to have considered if you want to ensure compliance with local laws and protection from unexpected disruptions.

A vehicle breakdown incident is unfortunate enough without it happening on a highway or in a tunnel. Theoretically, routine repairs and maintenance can help reduce the risk of breakdowns. Drivers should nevertheless learn the right way to deal with various breakdowns as early as possible so that they will not fret in case of an emergency. Kwiksure is here to offer expert advice on how you can be fully prepared and safeguard yourself.

Homes are notoriously expensive in Hong Kong. In fact, the SAR was named the world’s most expensive housing market in 2020 . With a significant investment needed to obtain some personal space for yourself in the city, it should come as no surprise that some people will want to do what they can to protect that investment. And this is not only true for the home itself, but also the personal possessions inside it. This is where the various types of insurance out there that can provide protection for your personal property come in. In this Kwiksure article, we take an in-depth look at home insurance, its features, and other things you should know.

Update: On 28 August, Tesla officially launched its own insurance program, starting with owners in California, and claimed that the rate is “up to 20% to 30% cheaper” than its competitors. Like many luxurious cars, Tesla is a mark of success. When buying a Tesla, you don’t only get a car but rather an experience. However, like many other luxury items in the world, Tesla is expensive to maintain. Its ever-growing innovations also mean that insurers will need to adapt to their technology to bring forth an honest car insurance plan . Why is it expensive to maintain a Tesla? Simply because the spare parts are very expensive, making insurance companies reluctant to come near it. On top of that, companies do not want to be liable for expensive products. In this Kwiksure article, we will discuss the issues involving external insurance companies with Tesla and how their new insurance company may be the solution to the problem.

Congratulations on passing your driving test! But let’s get back to reality for a moment, and the reality is you still have to wait a year before you can get your full driving license. So how do you apply for your probationary driving license (P license) now? What restrictions apply when you hold a P license? What are the procedures for eventually applying for a full license? In this Kwiksure “P license FAQs” series, we will answer all these questions and more for you.