Everything You Need to Know About Car Insurance In Malaysia

Описание: So what's car insurance?

Accidents happen. This is something we all know. In fact, a recent study shows that the average, careful driver will have no less than 4 accidents over the years of driving! Now, when an accident occurs, the first thing you always establish is whether you and the driver are fine. Next, you want to see bad damage your car took. This is where car insurance comes in! Auto insurance provides you with coverage. With this, whenever an accident occurs, you personally don't have to pay for the cost of repairing the damage to the other vehicle or property.

And how does car insurance work in Malaysia? While it might not be demanded in quite a number of other countries, auto insurance is a must in Malaysia. What this means is that you have to get insurance policy coverage, if you want to drive freely within the country. There is a steep penalty for violating this rule. However, even though insurance coverage is mandatory, the type of coverage that you choose to get completely depends on you.


In Malaysia, you can usually get only one of any 3 types of auto insurance policy coverage. The packages available include:


Third-Party Coverage,
Third-Party, Fire and Theft Coverage, and finally,
Comprehensive coverage.

What exactly do these policies protect you against? Let's find out!

Third-Party Coverage
Earlier, I mentioned that you absolutely had to have insurance before you could be permitted to ply the roads. A Third-Party Coverage is the smallest and most basic insurance policy you can have on your automobile. With this package, should you be involved in an accident that results in damage to the vehicle or property of another person, this insurance covers basically the cost of repairs for the other individual, and nothing more.

Third-Party, Fire and Theft Coverage
This is an upgrade on the primary Third Party insurance coverage.
What it does is that in addition to covering your expenses for fixing the property or vehicle of the other driver, it also protects your costs if your automobile suffers theft or damage from fire.

Comprehensive Coverage
This throws in the best features of the Third Party and Third Party, Fire and Theft Coverage and adds a little extra. Generally speaking, this insurance policy covers repairs to your vehicle should it suffer any damage that isn't related to a collision.

And that's a wrap!



For more information you can read the blog post here:
https://blog.fincrew.my/2020/06/25/ca...

🚗🚙🚕 https://blog.fincrew.my
🚗🚙🚕   / fincrew_my  
🚗🚙🚕   / fincrew.my  
🚗🚙🚕    / fincrew  
🚗🚙🚕   / fincrew.my  

#Fincrew #CarInsurance #AutoInsurance #MalaysiaInsurance #MalaysiaCarInsurance #CompareCarInsurance #InsuranceQuotes