After reading
the Borneo Post newspaper dated 11.5.2012 which I think this is very important to
share with most of the car owners.
Normally
when comes to car accident claim car owner comes to know the excess. Excess applied to
all the cars insurance policies. The
excess also applied on different cars, it’s depending on the car cubic capacities
(cc) and the sum insured of the cars.
The bigger the cubic capacities (cc) or sum insured the higher the
excess.
My personal
advice is to ask what the excess is before you insure. After all if you don’t ask the computer system
will automotive generate, it’s all fix in the system. The issuances can’t do any changes, but they
could lower down the excess by manually applying through the insurance
companies. This will takes time for
approval.
According
to the newspaper cutting the excess is 2.5%
for the sum insured of RM530, 000.00
so it comes up with the excess of RM13,
250. It means that for the first
loss of RM13, 250 the car owner’s
will respond for it, after that the balance will be pay by the insurance
companies. According to the newspaper
the car owner’s will only receive less than RM2, 000. For the repairing cost
which was very true.
Further my
information that is another excess please don’t forget. It is the name driver excess (in insurance language/term they call endorsement
2f). This is very important also which
car owners should know it thoroughly. If you don’t know always “ask”! What else you should know!
There are still
many some other clauses which are important to the car owners. Always consult with the professional
insurance consultant before you insure your valued car. That is my proper advice.
The second
newspaper cutting SEE HUS DAILY NEWS dated 05.05.2012 the claim comes up to
RM850K. My question is can you afford
to pay for such a huge amount of claim?
This was a third party accident claim.
What if this was under liabilities claim due to the claimant was the 2
brothers & sister passenger’s. Can
the 2 brothers & sister afford to pay? Or is it worth to pay? What if you don’t own a proper insurance to
cover your car insurance?
Happy
reading!!
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