Welcome Guest ( Log In | Register )

18 Pages < 1 2 3 4 > » Bottom
Bump TopicReply to this topicRSS feed Start new topic Start Poll

Outline · [ Standard ] · Linear+

> What to do in an accident in Malaysia, Everything about m/vehicle insurance

NuKkE
post Jul 22 2015, 03:15 PM

Getting Started
**
Group: Junior Member
Posts: 146

Joined: Jan 2009


Damn the toyota body and paint texh told me i cant claim agains public vehicle. I claim my oen insurance instead. Wow.........
loui
post Jul 22 2015, 03:26 PM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(kelvinlym @ Jul 22 2015, 03:10 PM)
In Europe, there is an accident protocol that has to be filled out with a sketch of the cause of accident.  Both parties must then sign it.

user posted image
*
singapore have it

Malaysia police won't do this

if they do this way, their "business" will be affect

you won't be surprise to see that there are 2 sets of police outcome, one compounding vehicle A and another one compounding vehicle B. both also similar offense

loui
post Jul 22 2015, 03:28 PM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(NuKkE @ Jul 22 2015, 03:15 PM)
Damn the toyota body and paint texh told me i cant claim agains public vehicle. I claim my oen insurance instead. Wow.........
*
some workshop are ignorant, some plain lazy

TPPD is much much more tedious then doing OD-KFK
tagz8
post Jul 22 2015, 03:32 PM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: Jul 2015


Thanks loui for the info.

Do you happen to have a list of recommended insurance companies?

A recommended list, a whitelist, and a blacklist. tongue.gif
loui
post Jul 22 2015, 03:44 PM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(tagz8 @ Jul 22 2015, 03:32 PM)
Thanks loui for the info.

Do you happen to have a list of recommended insurance companies?

A recommended list, a whitelist, and a blacklist.  tongue.gif
*
what do you mean as white list and blacklist?

to be frank, they are pro and con of each insurance company

big company like

AMG (formerly Kurnia) - main player for car insurance
Alliaz - main player for commercial vehicle insurance
Pacific & Orient - main player for m/cycle insurance

the good thing is that they have extensive network, hence their authorized workshop is every where in malaysia

bad thing is that they are slow in assessing claim due to the volume

if you are staying outside big city, try to get those

if you are staying inside big city, opt for smaller insurance company

List of general insurance company

so far the active one are AMG(former Kurnia), Allianz, Berjaya Sompo, Liberty(former Uniasia), Lonpac, MSIC, Multi-purpose, P&O, OAC & Tune
Pasir Sungai
post Jul 22 2015, 05:08 PM

New Member
*
Group: Newbie
Posts: 0

Joined: Jul 2015


Thanks ts. Nice information.
lonely143
post Jul 22 2015, 08:40 PM

Getting Started
**
Group: Junior Member
Posts: 168

Joined: Jul 2008


Edit ~

This post has been edited by lonely143: Jul 22 2015, 08:41 PM
tagz8
post Jul 26 2015, 02:21 PM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: Jul 2015


QUOTE(loui @ Jul 22 2015, 03:44 PM)
what do you mean as white list and blacklist?

to be frank, they are pro and con of each insurance company

big company like

AMG (formerly Kurnia) - main player for car insurance
Alliaz - main player for commercial vehicle insurance
Pacific & Orient - main player for m/cycle insurance

the good thing is that they have extensive network, hence their authorized workshop is every where in malaysia

bad thing is that they are slow in assessing claim due to the volume

if you are staying outside big city, try to get those

if you are staying inside big city, opt for smaller insurance company

List of general insurance company

so far the active one are AMG(former Kurnia), Allianz, Berjaya Sompo, Liberty(former Uniasia), Lonpac, MSIC, Multi-purpose, P&O, OAC & Tune
*
Recommended list would mean those that you would highly recommend, for their value for money, and most importantly ease of claims.

Whitelist are those that are generally acceptable.

Blacklist are those that should try to avoid, due to their stickiness or other frequent problems.

For example, I heard from my windscreen shop that ACE is quite slow to process claims. Wonder if it's true.
cant think of a username
post Jul 26 2015, 02:45 PM

Getting Started
**
Group: Junior Member
Posts: 69

Joined: Apr 2015

thanks! tagged
loui
post Jul 27 2015, 08:54 AM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(tagz8 @ Jul 26 2015, 02:21 PM)
Recommended list would mean those that you would highly recommend, for their value for money, and most importantly ease of claims.

Whitelist are those that are generally acceptable.

Blacklist are those that should try to avoid, due to their stickiness or other frequent problems.

For example, I heard from my windscreen shop that ACE is quite slow to process claims. Wonder if it's true.
*
price wise, everyone the same

insurance companies are control by bank negara, and bank negara force them to charge same price

but in 2016, bank negara will let go, hence price will varies starts from 2016

can't predict as to who is the cheapest as all the insurance companies have their own way of calculation

my suggestion is get those medium size companies which are still active in general insurance market

etiqa, liberty & lonpac
K.I.T.T
post Jul 28 2015, 11:13 AM

Casual
***
Group: Junior Member
Posts: 441

Joined: Sep 2008
QUOTE(loui @ Jul 27 2015, 08:54 AM)
price wise, everyone the same

insurance companies are control by bank negara, and bank negara force them to charge same price

but in 2016, bank negara will let go, hence price will varies starts from 2016

can't predict as to who is the cheapest as all the insurance companies have their own way of calculation

my suggestion is get those medium size companies which are still active in general insurance market

etiqa, liberty & lonpac
*
last 5 years ago i make buat sambung bayar(mycar gip to people sambung bayar) he just bayar for 3month and 4rd month i tarik la kereta

guess what? that guy canncle my car insurance without telling me. i use that car for one year without insurance...so people here careful when use kereta ssambung bayar.
zenix
post Jul 28 2015, 12:45 PM

Pirate Captain
*******
Group: Senior Member
Posts: 5,435

Joined: Jul 2006
also never ever accept the services of those callman that arrive on the scene, only let your insurance appointed truck tow your car away
loui
post Jul 29 2015, 08:59 AM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(K.I.T.T @ Jul 28 2015, 11:13 AM)
last 5 years ago i make buat sambung bayar(mycar gip to people sambung bayar) he just bayar for 3month and 4rd month i tarik la kereta

guess what?  that guy canncle my car insurance without telling me. i use that car for one year without insurance...so people here careful when use kereta ssambung bayar.
*
never do sambung bayar

apart of ownership issue, if the insurance company found out, they will repudiate liability

which mean any claim brought against you(TPPD & TPBI) or if you doing any OD claim, insurance company has the right not to pay

hence if you are found guilty at civil court, you have to pay out of your pocket

average TPBI claim is above 20K

and only owner can cancel the insurance policy

you should have complaint to insurance company about the agent for cancelling the policy without your knowledge
tagz8
post Jul 29 2015, 09:15 AM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: Jul 2015


loui

I'm trying to purchase insurance online before going to JPJ later in the day to buy over someone's car.

Do you think I can purchase the following?

https://www.axa.com.my/21/en/car-insurance/...urance-malaysia

I tried going for your recommendation of Etiqa and Allianz but they don't seem to have online service for new applications (only renewal).

Also is it possible to just get third party? For the cheap cost. Does it still give the benefit of accumulating NCD?

This post has been edited by tagz8: Jul 29 2015, 09:16 AM
loui
post Jul 29 2015, 09:41 AM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(tagz8 @ Jul 29 2015, 09:15 AM)
loui

I'm trying to purchase insurance online before going to JPJ later in the day to buy over someone's car.

Do you think I can purchase the following?

https://www.axa.com.my/21/en/car-insurance/...urance-malaysia

I tried going for your recommendation of Etiqa and Allianz but they don't seem to have online service for new applications (only renewal).

Also is it possible to just get third party? For the cheap cost. Does it still give the benefit of accumulating NCD?
*
third party policy does accumulate NCD as well

nowaday insurance company try not to sell third party policy

hence most likely you need to go to the counter to buy it

unclear about AXA thou, if you can buy from it, why not
tagz8
post Jul 29 2015, 10:37 AM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: Jul 2015


QUOTE(loui @ Jul 29 2015, 09:41 AM)
third party policy does accumulate NCD as well

nowaday insurance company try not to sell third party policy

hence most likely you need to go to the counter to buy it

unclear about AXA thou, if you can buy from it, why not
*
Forgot to ask you, would the NCD for third party insurance be transferable to the comprehensive in future?
loui
post Jul 29 2015, 10:43 AM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(tagz8 @ Jul 29 2015, 10:37 AM)
Forgot to ask you, would the NCD for third party insurance be transferable to the comprehensive in future?
*
NCD can be transferred from third party to comprehensive

however you can't transfer NCD to different type of vehicle

example, bike to car or car to commercial vehicle
tagz8
post Jul 29 2015, 10:54 AM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: Jul 2015


QUOTE(loui @ Jul 29 2015, 10:43 AM)
NCD can be transferred from third party to comprehensive

however you can't transfer NCD to different type of vehicle

example, bike to car or car to commercial vehicle
*
Assuming the car would be sold for only RM5 - 6k in about 3 years time. And assuming I don't have NCD at the moment.

Would it be a good strategy to purchase a 3rd party cover for now to earn the NCD + windscreen cover of about RM80-100.

Then only consider comprehensive coverage from the 2nd year onwards when you have NCD of 10%? Perhaps can change new car then too.
norman05051984
post Jul 29 2015, 11:07 AM

Casual
***
Group: Junior Member
Posts: 384

Joined: Jun 2010


nice information. Free bump for you.

Proposed for pinned
loui
post Jul 29 2015, 11:12 AM

Casual
***
Group: Junior Member
Posts: 419

Joined: Mar 2005
From: Seri Kembangan / Kota Bharu
QUOTE(tagz8 @ Jul 29 2015, 10:54 AM)
Assuming the car would be sold for only RM5 - 6k in about 3 years time. And assuming I don't have NCD at the moment.

Would it be a good strategy to purchase a 3rd party cover for now to earn the NCD + windscreen cover of about RM80-100.

Then only consider comprehensive coverage from the 2nd year onwards when you have NCD of 10%? Perhaps can change new car then too.
*
can't really advise you on this as you know best by doing the calculation

anyway windscreen coverage is a separate insurance where NCD is not applicable to it

windscreen premium is 15% of the amount insured

example you insured RM500 for windscreen, you need to pay RM75

18 Pages < 1 2 3 4 > » Top
Bump TopicReply to this topicTopic OptionsStart new topic
 

Switch to:
| Lo-Fi Version
0.0920sec    4.51    6 queries    GZIP Disabled
Time is now: 18th July 2018 - 12:47 PM