I sold my car one month after insurance renewal, can I return some of insurance money?
and how much they will refund?
is it general policy or differ between companies?
how much insurance could refund after selling car
how much insurance could refund after selling car
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Aug 1 2019, 12:57 PM, updated 7y ago
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#1
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Junior Member
317 posts Joined: Apr 2017 |
I sold my car one month after insurance renewal, can I return some of insurance money?
and how much they will refund? is it general policy or differ between companies? |
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Aug 1 2019, 12:57 PM
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#2
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Junior Member
140 posts Joined: Jul 2007 From: Puchong |
Should be Pro rated
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Aug 1 2019, 01:21 PM
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#3
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Senior Member
566 posts Joined: Oct 2006 |
If it's a renewal case pro rated refund. If new case there's a table of percentage refund on various time period cancel.
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Aug 1 2019, 01:24 PM
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#4
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Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak |
QUOTE(Mhd shah @ Aug 1 2019, 12:57 PM) I sold my car one month after insurance renewal, can I return some of insurance money? pro-ratedand how much they will refund? is it general policy or differ between companies? (365 - so whatever days used) / 365 * the amount of insurance paid (exc SST and loading and etc) just inform ur insurance and they will do it for u |
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Aug 1 2019, 01:26 PM
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#5
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Senior Member
7,671 posts Joined: Jan 2003 |
Besides that, you also can claim for refund from JPJ for the unused road tax period.
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Aug 1 2019, 01:30 PM
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#6
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Junior Member
66 posts Joined: Nov 2013 |
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Aug 1 2019, 01:57 PM
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#7
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Senior Member
7,671 posts Joined: Jan 2003 |
QUOTE(Chanyap92 @ Aug 1 2019, 01:30 PM) +1True, and you need to wait 3-4 months to get back the refund. I suspect they (JPJ) either collect all and submit at one time or the accounts department processed them at one time. |
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Aug 1 2019, 01:58 PM
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#8
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Junior Member
66 posts Joined: Nov 2013 |
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Aug 1 2019, 02:40 PM
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#9
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Senior Member
7,671 posts Joined: Jan 2003 |
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