Aug 18 2011, 11:36 AM
QUOTE(hongetbee @ Aug 18 2011, 10:19 AM)
BASIS OF SETTLEMENT
Upon approval of claim by the Insurer Senheng Electric (KL) Sdn Bhd (296691-X) shall undertake to Repair or Replace the Loss/Damage item similar to the original purchase item. However, if the similar item is not available or discontinued in the market, it shall be replaced with an item of equivalent specification or in value not exceeding the Market Price.
My understanding. Assuming original price paid 2 years ago was RM2000 for a phone with 5megapixel camera.Upon approval of claim by the Insurer Senheng Electric (KL) Sdn Bhd (296691-X) shall undertake to Repair or Replace the Loss/Damage item similar to the original purchase item. However, if the similar item is not available or discontinued in the market, it shall be replaced with an item of equivalent specification or in value not exceeding the Market Price.
They either give you a new phone with similar feature, aka 5 megapixel camera, or RM2000. Whichever is cheaper to Senheng and knowing 5megapixel camera phone is now only RM500, they will give you this for sure.
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