When you buy a motor vehicle, you need to buy a
There are, however, many types of motor insurance policies
available. The common types are:
1. Third party cover - This policy insures you against claims for
bodily injuries or deaths caused to other persons (known as the
third party), as well as loss or damage to third party property
caused by your vehicle.
2. Third party, fire and theft cover - This policy provides
insurance against claims for third party bodily injury and death,
third party property loss or damage, and loss or damage to your own
vehicle due to accidental fire or theft.
3. Comprehensive cover - This policy provides the widest coverage,
i.e. third party bodily injury and death, third party property loss
or damage and loss or damage to your own vehicle due to accidental
fire, theft or an accident.
A standard motor insurance will not cover certain losses, such as
your own death or bodily injury due to a motor accident, your
liability against claims from passengers in your vehicle (except for
passengers of hired vehicles such as taxis and buses) and loss or
damage arising from an act of nature, such as flood, storm and
landslide. However, you may pay additional premiums to extend your
policy to cover flood, landslide, landslip as well as cover your
passengers. It is important to check your policy for the exclusions.
Important points to note when buying motor insurance cover
Insured value/sum insured
If you are buying a policy against loss/damage to your vehicle, you
must ensure that your vehicle is adequately insured as it will
affect the amount you can claim in the event of loss/damage. For a
new vehicle, the insured value will be the purchase price while for
other vehicles, the insured value is the market value of the vehicle
at the point you apply for the insurance policy.
Expatriate Life Insurance
Expatriate Travel Insurance
- Expatriate International Auto Insurance
Car Distributors in Malaysia
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