Authorization hold (6K)
This is an authorization hold on your credit card for insurance excess, penalties and damages.
Your card WILL NOT be charged during checkout.
Similar to a hotel booking; A authorization hold is essentially a temporary hold placed by a merchant on a customer’s credit card, and reserves funds for a future payment transaction. No money has been debited in the pre-auth, it is simply reserved.
Section 1 – coverage for vehicle $3000
Section 2 – coverage for third party claims $2500
Total $6000 authorization hold
Please be reminded that it is a chargeable offence according to Singapore law to drive without valid insurance coverage. Therefore, only the named driver / hirer is authorized to operate the vehicle. To discourage illegal and restricted behaviors, we may forfeit your security deposit, part or full amount of the authorisation hold, in the event of a breach.
Kindly refer to signed rental agreement for full terms and conditions,