In the context of Singapore, under the Barometer of Liability (BOLA) system, a subrogation claim is a claim made against the first party by the third party for the first party part in the accident. Subrogation claims can usually affect motorists when they least expect it.
For example, Mr. A was riding a motorbike in 2008 when a saloon car knocked into him from behind.judi bola Mr. A suffered some minor injuries and also damages to his motorbike. The accident was promptly reported to the authorities and left to the respective insurers of both parties to sort out the claims.
Mr. A was very sure that he was not at fault and the incident was forgotten. However unknown to Mr. A, although his NCD was not affected, the insurers accorded him a 10% liability in the accident and the saloon car driver 90%. The saloon car insurer, Company A then made a subrogation claim against Mr. A’s insurer, I Company for Mr. A 10% in the damages. As his liability is only 10%, his NCD was not affected according to BOLA agreement but Mr. A will get a claim history of 10% of the damage bill. Even though the 10% only amount to $135 for the total $1350 claims, the claim history will affect his car insurance premium for the subsequent 3 years. The subrogation claim will also stay with Mr. A even if he sold his motor bike and purchased a saloon car.
Apply for membership in a prestigious organization. When I joined the Rotary Club, a very old club for people who loved to help change people’s lives, I elevated my position among my peers because i now wined and dined with all the rich, successful people who were members. Joining the right country club or business group can do the same thing.
- Create or join a master mind group. Napoleon Hill strongly urged people to form master minds. The trick to making them work is to be among people who are already successful in the areas you want to succeed in. Their presence will help elevate you.
- Write to people in higher networks. When I was first starting out as a writer, people way above me, such as famed copywriter Rob Parnell, helped me. In later years, marketing gurus such as Mike Lee, all helped me. I simply wrote to them. They sensed my sincerity and offered guidance. Today I do the same for others.
- Speak at associations or gatherings of people in higher levels. You’ll need to have something unique to offer, but if you can deliver what these levels want, you’ll be welcomed into their fold.
Again, there is nothing wrong with the level you’re on. You don’t want to forget your friends or burn your bridges. I’m simply suggesting that if you have giant goals and big dreams, it may be time to take the elevator up a floor or two.
