Malaysia Car Insurance Free Water Damage

We called Etiqa at their hotline and the calculation is actually pretty simple. One in every six cars in Malaysia is insured by AmGeneral the company has a market share of just over 17.

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Not that much right.

. To get additional protection for the flood you have to pay more than 05 of your Sum Assured limit you can claim. Just like any other product car insurance also motor insurance plans in Malaysia arent all created equal. Now if the flood has submerged your car heres what you need to do in order for your vehicle to be eligible for insurance reimbursement.

Towing and Cleaning due to Water Damage In the event your vehicle sustains water damage due to flooding flash flood or anything else that requires a tow and clean-up this benefit will cover it. Malaysian largest car manufacturer Perodua recently reported that more than 11000 cars have been sent to their service center for repairs due to water damage. Comprehensive coverage also covers water damage caused by a hurricane.

Flood coverage is an additional feature for which you will have to pay an additional premium for when you sign up similar to windshield crack protection. Apply for a car insurance on RinggitPlus for exclusive gifts Allianz Comprehensive Motor Insurance Free Drivers 2 Free Towing up to 150 km Claim Payout AgreedMarket Etiqa Comprehensive Private Car Insurance Free Drivers Unlimited Free Towing up to 200 km Claim Payout Agreed Value Etiqa Comprehensive Private Car Takaful Free Drivers Unlimited. According to most policies in the market even comprehensive car insurance does not protect your vehicle against damage caused by flooding.

Malaysia has been hit with one of the worst flood recently. With a 30 N0 Claim Discount NCD applied the car owner saves a massive RM143238. It will not however cover certain types of water damage.

ADVERTISEMENT DO NOT start your engine. Most insurers offer free towing services limited distance to the comprehensive policyholder. On top of the table weve shown you these are some of the most popular damages where insurance companies dont typically cover even in a typical comprehensive policy.

For example if youre insuring for RM25000 youre paying as little as RM38 with MPI Generali while other insurance providers like Allianz AXA MSIG and. Take pictures of your car take note of the location time and date of the flood. It is an offence under the laws of the Republic of Singapore to enter the country without extending passenger liability cover to ones motor insurance.

If you were to compare it to paying the damage on your own. You can only claim one time during the coverage period for any given incident. LED lights massive subwoofers Damage to properties eg.

As a result many cars have been affected. Car insurance covers water damage as long as you have comprehensive coverage. For example if your sum assured is RM30000 you have to pay RM150.

This is where the terms first-party insurance and third-party insurance comes in. Compensation for Assessed Repair Time CART. If it involves mechanical parts and most of the interior fittings the repairs could even cost you upwards of RM50000.

Car insurance should cover water damage caused by unexpected events like a hurricane or flood. Water damage from flooding rain storms and even from hail is covered by comprehensive coverage. Despite getting free towing service Suhaimi cannot claim for his car damage.

Repairing a water damaged car is very costly since it involves many mechanical and electronic parts. For ease of calculation we take RM4 US1 and without a no claim discount. DO NOT start your engine even when the flood has receded.

Below is a summarised comparison of the different types of car insurance. You cannot park your car outside in a rainstorm and leave the windows down then make a claim for water damage. If you own a car youll know that you must buy a motor insurance policy in order to drive it or get in trouble under section 26 of the Road Transport Act 1987 which carries a maximum imprisonment of 3 years andor a fine of up to RM1000.

Within Malaysia there are 32 AmAssurance and Kurnia branches servicing 7000 agents and dealers. Popular local car Perodua Bezza costing RM35000 US8750 Imported. This is what you should know.

Water damage is not a cheap fix especially if your vehicle gets fully submerged. If the owner reached 55 NCD his immediate saving would be RM26203. Water damage can ruin the interior of your vehicle as well as its mechanical and electrical components.

It is only covered if you have comprehensive coverage which is. Each private car insurance policy in Malaysia allows up to two drivers to be included for free. Though all car insurance plans available aim to provide financial protection for the policyholder against liability physical injury or damage due to road accident the terms and conditions and the add-ons may vary between.

As an example on the most popular online car insurance renewal portal MotorTakaful the insurance quotation for a BMW F30 below offers Basic Contribution of RM477460. According to Journalist Yamin Vong in an article published again by Free Malaysia Today it would cost vehicle owners between RM1700 to RM54000 to repair the damage done by floods depending on the size of the vehicle and the extent of the damage. December 6 2017 Motor Insurance 2 Dramatic photos of the aftermath of the recent floods that hit Penang are showing homes filled with waist-deep water and floating cars.

Hence Suhaimi is allowed to receive towing service from his insurance company even if the damage was not caused by accidents. However car insurance doesnt cover water damage to the things inside of a car. With 16 billion in gross underwriting AmGeneral is a heavyweight in the Malaysian insurance industry.

Damage to the windscreen Damages to fancy car accessories eg. Local newspapers reported the flood incidents as one.

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