Best Car Insurance In Malaysia
Best Car Insurance In Malaysia | Car Takaful
About Us – Best Car Insurance In Malaysia | Takaful
Why insured your Sport Car and Super Car with us?
– We are fastest growing FinTech Insurance Agency in Malaysia.
– We provide Best Benefits Car Insurance and Takaful & Motorbike Insurance
– Our portfolio & specialized in Sport Car and Super Car.
– Example, Bentley, Porsche, Ferrari, Lamborghini.
– Cheapest rate in the market for Sport Car and Super Car.
– Roadtax service for Tax Free Sport Car and Super Car
– A Permit and C Permit is our strength
Submit Your Sport Car and Super Car Inquiry through our WhatsApp Hotline:
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More Information And Useful Information
Sourced From https://www.piam.org.my/consumer/general-insurance-products/personal-lines/motor/
One of the largest insurance sector and coverage is Motor Insurance. This is due to the fact that Motor Insurance is mandatory for all vehicles using Malaysian public roads under the Road Transport Act 1987.
TYPES OF MOTOR INSURANCE COVER
When you buy a motor vehicle, you need to buy a motor insurance policy for use of the vehicle on the road. There are, however, many types of motor insurance policies available. The common types are:-
Act cover
This is the minimum cover corresponding to the requirements of the Road Transport Act 1987. The cover required is in respect of legal liability for death or bodily injury to third party (excluding passengers). This Policy is hardly ever written by Insurers.
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.
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.
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.
SUM INSURED
The Sum Insured of your vehicle is an estimated value for charging your insurance premium however it is also the maximum amount for which your vehicle is insured for.
The basis of assessing the true worth of your vehicle is its market value at the time of a loss.
The market value must be within the Sum Insured. If it is not, you will be considered your own Insurer for the difference.
Some Insurers offer Agreed Value Policies. Under this term, the market value is considered equal to the Agreed Value of the sum insured.
EXCESS
Most policies are subject to an excess clause. An excess is the first amount of a claim for which you will have to pay. Your insurance pays for the amount beyond the excess.
The excess clause may apply on repair claims and/or on theft claims. Some insurers will overlook application of the excess if repairs are undertaken at their panel of repairers.
EXCLUSIONS
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 and landslip as well as cover your passengers. It is important to check your policy for the exclusions.
EXTENSIONS
The Motor policy allows for policyholders to extend cover to include extra benefits and additional cover apart from the standard coverage. Do communicate with your insurers to request for these additional covers.
– Flood, windstorm, rainstorm, typhoon, hurricane, volcanic eruption, earthquake, landslide/landslip, subsidence or sinking of the soil/earth or other convulsion of nature
– Breakage of glass in windscreen or windows
– Strike, riot and civil commotion
– Tuition and testing purposes
– Additional named driver
– All drivers’ extension for private car polices issued to a company of businesses only
– Passenger liability
– Liability of passengers for acts of negligence
– Additional business use
BETTERMENT
The basic premise of a motor insurance policy is to put the owner in the same condition as he would have been in before an accident occurs. Betterment will apply, when in the course of repairing an accident-damaged vehicle, a new part is used to replace an old part.
Betterment is a portion of the cost that consumers will have to bear when the damaged part of the vehicle is replaced with a brand new original part.
As the car will be in a better condition prior to the accident the insurance company will require the car owner to bear the difference in costs.