Do Car Extended Warranty Cover Engine?

You never want to be in the situation of having a blown engine. An expensive repair bill is the worst thing that can happen, plus you run the risk of damaging your car and your person. There may seem to be no silver lining to a repair like that, especially if you have to absorb the cost. It is likely that if you have an
extended warranty
, your engine will be covered under it, and if you have taken good care of your car and just had bad luck with the machine, your
extended warranty
 will probably come in handy.

What Is An Extended Car Warranty?

The
extended
car warranty
 is a service contract that allows drivers to cover the cost of repairs to a vehicle’s major systems, such as the engine and transmission. Extended warranty are available from third-party companies or directly from the manufacturer. There are usually multiple levels of coverage provided by extended warranty providers, including benefits such as towing services and
rental car
 coverage.

Will A Car Extended Warranty Cover The Engine?

Definitely! Extended warranties cover your car engine in the event of a breakdown. In addition, it
covers repairs
 to transmissions and fuel systems, air conditioning and cooling systems, gearboxes, steering, suspension, non-friction clutch and brake parts, and electrical systems. Nevertheless, what is covered in each policy varies, so it’s worth checking your policy to find out precisely what is covered.

What’s Not Usually Covered By Extended Car Warranties?

Repairs on replaceable parts such as batteries, bulbs, wheels, and tires will fall outside most warranties. Wear and tear are not included in most cases, such as damage to the brake discs or brake pads. The same goes for cosmetic repairs, such as painting or refinishing the interior. The warranty would not apply to damaged vehicles that have been in an accident or vandalized and need to be repaired or have to have parts replaced would not be covered under warranty. You can, however, add some repairs to your policy for an additional fee.

Is It Possible That My Extended Car Warranty Claim Is Rejected?

When you
buy a
car warranty
, you are responsible for ensuring it remains valid. You may not be able to claim if:

You continue to use your vehicle even if a warning light appears on the dashboard.

You continue to drive your vehicle despite an apparent mechanical or electrical problem.

Failure to service your vehicle as recommended by the service agreement

Modify the vehicle or use parts that are not standard or approved by the manufacturer

Using the wrong fuel or fluid

You do not follow the warranty
claim
 instructions properly.

Types Of Extended Car Warranties

Bumper-to-Bumper Warranty

In general, bumper-to-bumper extended warranties are the most comprehensive. It covers all parts and systems on a vehicle, excluding routine maintenance and wears and tear.

Powertrain Warranty

Warranty coverage for the powertrain includes every vehicle component that moves, including the engine, transmission, and other features that drive the wheels.

Drivetrain Warranty

Drivetrain warranties are like powertrain warranties, except they do not
cover the engine
.

Wrap Warranty

A wrap warranty applies to the rest of the car in addition to a powertrain warranty. In effect, you get bumper-to-bumper coverage.

Corrosion Warranty

If your car rusts, a corrosion warranty will help cover the cost of the damage.

Tags:
Bumper-to-Bumper Warranty
Corrosion Warranty
Drivetrain Warranty
Engine Failure
Powertrain Warranty
Wrap Warranty
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What Is Not Covered Under Group Personal Accident Insurance?

In the worst-case scenario, an accident can cause bodily injury, disabilities, and even death. Despite death being inevitable, a
personal accident insurance
 policy can protect you and your family. You can acquire a
personal accident policy
 that will save you if you are injured or die due to the accident. If the policyholder dies, the
insurance company
 will pay a lump sum to the policy’s beneficiary. However, there are some exclusions under the individual
personal accident policy
. The official policy wordings will communicate the list of exclusions and terms and conditions therein. Here, we provide a general list of personal accident exclusions.

Things Not Covered By A Personal Accident Policy

Below is a list of general exclusions:

Intentional Injury
: No claim will be honoured under this policy if the policyholder suffers a burn, a fracture, a disability, a disfigurement, a partial or total disability, a death, etc., caused by intentional or negligent behaviour.

An Injury From Civil or Foreign War
: A claim will not be honoured if the claimant was involved in a civil or foreign armed conflict that resulted in burns, fractures, dismemberment, permanent partial disability, permanent total disability, death, hospitalization, or other such loss of life effects.

Drug or Alcohol-Related Injuries Caused By The Policyholder
: The policy will not pay out a claim if the claimant was under drugs or alcohol, resulting in burns, broken bones, permanent partial disability, permanent total disability, dismemberment, death, or hospitalization.

AIDS, HIV, or Another STD
: Under this policy, no claims will be honoured if a policyholder suffers from AIDS, HIV or any other condition associated with an STD.

Participants Injured or Killed Due To Violent Public Disorders
: A claim will not be honoured if the policyholder was injured, destroyed, or required hospitalization due to any labour disturbance, strike, demonstration, protest, riot, public disorder, etc.

If Injured During Military Service
: Under the individual
personal accident
 policy, they will accept claims for an individual who suffers burns, broken bones, a permanent partial disability, a permanent total disability, dismemberment, a temporary partial disability, a temporary total disability, or dies as a result of duty while in the armed forces.

Adventure Sports-Related Injuries
: The claim will not be covered by this insurance policy if the policyholder suffers burns, broken bones, permanent partial disability, death, required hospitalization, etc., due to participating in sports such as river rafting and bungee jumping.

Illnesses or Injuries That Have Occurred In The Past
: A claim will not be honoured under this policy if the policyholder suffered
bodily injury
, death, or required hospitalization because of any existing medical condition or illness worsened.

Claims Arising From Pregnancy or Childbirth
: In injury, damage, or death due to the policyholder’s pregnancy or childbirth, claims cannot be honoured. These injuries are burns, fractures, permanent partial disabilities, permanent total disabilities, dismemberments, death and hospitalizations.

Personal Accident Insurance Benefits

Some of the benefits of
personal accident insurance
 for car owners and drivers are the following:

The best way to get protection from accidental injuries is to get
personal accident coverage
.

The
personal accident insurance
 you have with your automobile will cover your medical costs, including hospitalization, treatment, and medical bills if you are involved in an auto accident while driving.

In case of a permanent disability caused by an accident, you would also have monetary compensation.

A personal accident policy will also compensate your dependents if you die in a car accident.

Tags:
Bodily Injury
Permanent Total Disability
Personal Accident Insurance
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Business Interruption Benefits In Insurance Explained

Due to COVID-19, the economy and businesses have been affected unprecedentedly. Natural disasters that disrupt business operations and civil unrest in some cities are added. Therefore companies must understand how their insurance policies – including
business interruption
 coverage – will respond to potential losses due to these trends.

What Is Business Interruption Benefits?

Business interruption
 insurance aims to reimburse businesses for lost income resulting from disasters. The policy protects the insured against losses of business income sustained when a covered peril results in direct physical damage, loss, or destruction of the insured property. Typical events include fires or natural disasters. However, there is no separate business interruption insurance policy. Instead, it is either included in a property/casualty policy or offered as an add-on or rider to
comprehensive
 packages.

How Business Interruption Insurance Works

Insurance companies are only required to pay if an interruption of business results in a loss of business income. However, losses like this are subject to the policy limit or sub-limit. It applies to the specific location where a failure has occurred or the type of peril that caused it. In addition, it pays out only if the underlying policy already includes coverage for the loss of
business
 income. The business’s past
financial
 records determine the amount payable in most cases. It is the insurer’s responsibility to cover the loss during the period of restoration, which is often defined as the time required to replace, rebuild, or repair damaged or destroyed property. After an event causes physical damage, the restoration period begins. It ends when the damage is repaired or replaced within a reasonable time frame, and the location is made ready to work usually again. Restoration is generally limited to 30 days, but an endorsement may extend to 360 days. There may be a 48-72 hour waiting period in some cases. A business interruption endorsement will continue to cover the insured for the restoration period even after the expiration of the policy. It is covered as long as the insured’s physical loss occurs during the policy period.

Coverage Of Business Interruption Insurance

The following items are generally covered by business interruption insurance:

Profits: A policy will reimburse you for profits you would have earned if the event had not occurred, based on your previous performance.

Fixed costs are incurred expenses for doing business, such as operating expenses.

Temporary location: Some
insurance
 policies cover the costs of opening a temporary business location and operating from it.

Commissions and training expenses: A company may need to replace machinery and retrain staff to use it following a business interruption. These expenses may be covered by
business interruption insurance
.

Extra expenses:
Business interruption insurance
 will reimburse reasonable expenses (over and above the fixed costs) to allow the company to continue operating while the company recovers.

Ingress/egress of civil authorities: A business interruption event can affect the closure of a business’s premises, resulting in a financial loss. For example, forced closures resulting from government-issued curfews or street closures caused by a covered event.

Wages: A business has to cover its employees’ salaries if it doesn’t want to lose them while shutting down. Business owners can make payroll while the business is closed.

Taxes: Businesses are still subject to taxation, even when a disaster strikes. Tax coverage helps businesses avoid penalties for non-payment of taxes.

Paying off
Loan:
 Payments for loans are typically due every month. Even when a business isn’t generating income, business interruption can help make payments.

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Business Insurance
Business Interruption
Business Interruption Insurance
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汽车保险超出预算怎么办？

欢迎收看保险360, 我是 Cassandra。年复一年，不知不觉又到了要更新
汽车保险
的时候了。当然，不一定是年底啦。只是大多数人都在年底或年头换新车而已。通常每年更新的时候你们都会直接跟同一家保险公司续约，还是会到处询问，货比三家呢？那你们都怎样比较的呢？以下留言跟我们分享好吗？有时候，尤其是车子还很新的时候，价值比较高，所以保费也相对的提高。因此汽车前五年的保费都比较昂贵。如果这么刚好，你这个时候偏偏手头比较紧，那该怎么办啊？又不能不更新，因为没有保险的车连路税都不能申请，车根本就不能行驶。这里大家大家就要注意哦！

汽车保险的价格是依据各种不同标准的。当中包括你的非索赔折扣、司机年龄跟居住地点、汽车型号与年份等。每一年更新的时候，原有的保险会有报价单。不过其实你们并不需要只限于这一个保险公司的。尤其是当你发现预算超支的时候，可以亲自去询问各家汽车
保险公司
并索取报价单。货比三家，借此来选择适合你的预算的车险公司。除此之外，你也可以选择加少一些保单细则，比如说只添加一名驾驶人名额，或者可以选择减少年度里程数，借以减少意外风险。这样保费也相对的减少了。还有，最后一点，货比三家也可以比较不同
保险公司
的配套价钱。有时候甚至会有特别的折扣哦！

希望我们今天的视频教会你一点点， 让你更懂得车险的咨询！如果你喜欢我们的保险360系列，记得按赞与分享！记得订阅我们的频道还有开启小铃铛，这样你就不会错过新影片的通知。

我们下次见！

Tags:
保险
汽车保险
汽车保险公司
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Why Insurance Is Important In Everyday Life

Are you thinking about getting a
car insurance
 policy? Even if you are thinking about getting a different type of
insurance
, these deals will have multiple benefits. The
insurance
 options are there for a reason, and you should take advantage of that offer. Here is an overview of the benefits to expect when signing up for an
insurance
 deal!

Some Insurance Policies Are Mandatory by the Law

The first thing we should mention is that the law requires you to have some insurance policies. For example, if you buy a vehicle and plan to drive it, you will need a motor insurance policy. Malaysian law requires you to have third-party insurance for your vehicle. That means you are covered if any damage occurs to properties and persons that are outside of the policy agreement. You can also pick other vehicle
insurance options
, such as own
damage claims
 or coverage against theft and fire. Those policies are a bit more expensive, but they can be a smart option since they provide a higher coverage level. Apart from car
insurance options
, you can also consider insuring your house, valuable possessions, life, etc.

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Protect Yourself And Others

A huge benefit of getting an insurance policy is that it can protect both you and other people. The specifics depend on the deal that you signed, but a car insurance deal might protect both the driver and the passengers in the vehicle from liability. That doesn’t protect you from an accident directly but ensures proper compensation in case an accident occurs. It can become essential if you need to pay for medical expenses to recover after an accident. You won’t need to handle any medical bills because the insurance policy will cover them.

Protect Your Investments

Did you just purchase a new car? That was probably a significant investment, and it took you years to save that sum. Alternatively, you might have made a deal to pay the sum in installments over the coming period. Either way, it is a capital investment, and it’s only natural that you want to protect it. The same goes for insurance policy referring to your houses and other valuable items. An insurance deal might be an additional expense, but it keeps you safe if somebody steals or damages your property.

Avoid Unnecessary Expenses

Let’s say that you are driving a car and participate in an accident. If your insurance policy covers you properly, you won’t have to pay a single cent (as long as you weren’t to blame for the accident). That means the damages on your vehicle won’t have to go from your pocket – your policy covers all the
repair costs
 without you investing a single MYR. That is an essential financial protection mechanism because you will avoid unnecessary expenses. Those expenses could be a big hit on your budget, which is why it’s smart to avoid this possibility.

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Ensure A Peace of Mind

Finally, any insurance policy provides peace of mind. If you live in a neighborhood with a high crime rate, you can sleep peacefully without worrying if someone steals your car at night. Even if they do, the insurance covers it. These are only some benefits offered by car and other insurance policies. As you can see, there is a good reason why millions throughout Malaysia pick to get insurance for their vehicles and other valuable properties.

Tags:
Auto Insurance
Car Insurance
Insurance Policy
Insurance Premiums
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Learn How To Prevent Car Repair Scams

Don’t let
mechanics
 take advantage of you with unfair pricing, shoddy quality, or improper diagnosis. Scams are a fact of life. Everybody experiences it from time to time. In every industry, upselling and overpricing are commonplace. However, the more you know, the less likely it is that you will be hoodwinked. Many people lack a good understanding of cars and lack experience with them. As soon as you own a car, finding a shop that you can trust for repair work is essential. So that your mechanic can get to know you and your vehicle, you should set up the appointment ahead of time. In addition to helping you prevent breakdowns, it will also save you a lot of money over the long run. You can also use the information in this article to build a fraud firewall against all sorts of snake oil salesmanship and avoid getting scammed by mechanics and
car repair
 shops.

Diagnostic Dialect

Some rip-offs are perpetrated by outright crooks who make the mistake of knowingly attempting to sell unnecessary repairs by counting on the fact that you (like most drivers) are unaware of what’s underneath. You are snowed with terminologies you don’t understand. It is also possible for car
mechanics
 to replace various parts without knowing what the problem is. Take in both the mechanic’s words but most importantly, listen to your gut instinct to protect yourself from them.
Car repair
 estimate explanations need to layout, in clear and straightforward terms, what is required, what the cost will be, and how to find the problem. It will help if you are aware of mechanics who say that ‘I know the problem and you need X’ without explaining the situation – through computer diagnosis, test drive, lift inspection, or others – or do not have an explicit idea plan action.

Identifying dashboard warnings and other issues that may have an impact on your driving can be accomplished by a high-tech check of your vehicle’s computer. The computerization of these processes eliminates a great deal of guesswork.

Oil Change Add-ons

Oil changes barely cover the cost of running a
business
, so you can feel confident a mechanic will inspect your vehicle looking for other problems. If your car is running well and given a long list of recommended add-ons, be suspicious. It’s common for a mechanic to change the radiator coolant and the fluids in your transmission, brakes, and power steering when your car does not need those. In many newer cars, for instance, the coolant can last for 100,000 miles or more. Be sure you follow the owner’s manual maintenance schedule.

Signing Up With Extended Warranty Program

Signing up with a
car extended warranty
 that has a network of trusted panel workshops can potentially help prevent car repair scams. Trusted panel workshop may be less likely to engage in fraudulent activities, there is still a risk that some may overcharge or recommend unnecessary repairs.

Shop around – Start With a Minor Job

It would help if you didn’t trust a primary repair job to an unknown mechanic or shop. Shop around before you commit to something in life, as is the case with most things. Check the shop with a simple oil change or tire change after consulting social media, family, friends, and online complaints. It is also a good idea to go around the shop and speak with the employees to understand their quality work. It would help if you were careful about upsells. You shouldn’t bring your car in for a simple oil change and leave with a new fuel injector, spark plug, or engine flush.

Make sure you have everything before going to the mechanic shop. You can get the best
service from a car repair shop
 if you write down all your symptoms, perceptions, sounds, and smells. It’s best to stay away from technical jargon if you have no experience with cars. Make sure you gather all the information you can. Regardless of whether you believe some observations are irrelevant, list them nonetheless. When it comes to receiving the highest level of automotive service, clear communication is crucial.

When you have explained your observations to the mechanic, ask him to explain his diagnosis. In that case, they should know what the problem is and how the car is supposed to work. If they have difficulty describing how your vehicle works, alarm bells should ring.

Tags:
Car Extended Warranty
Car Mechanic
Car Repair
Car Repair Scam
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汽车保险费逐年增加的原因

欢迎收看
保险360
, 我是 Cassandra。大家每年更新
汽车保险
时是不是会面对保费逐年增加的问题但是却百思不得其解，明明你都没有发生意外要求理赔而失去无索偿折扣，照理说应该越来越便宜不是吗？其实除了无索偿折扣的因素之外，车险价格还有很多不同的考虑因素。其中分为可控制与不可控制的因素。可控制的因素包括了车主本身奉公守法，没有任何罚单或索偿记录，代表驾驶记录良好，这类型就是可控制的因素，我们只要不犯法不肇事，就可以影响车险价格，甚至因此获得额外折扣。其他还有过去的偿还记录或现在的个人信用评分好坏也是可控制的因素之一。不可控制的因素则是比如说车主年纪越大，风险越高。还有汽车维修费用普遍提高、医疗费用提高，如果你搬到高风险的地区，保费也就相对提高，这些都是
汽车保险
公司的定价考量因素。

当然排除以上的因素，还有一点就是由于车主本身没有亲自去了解市场价格，导致原有的
汽车保险
公司疑似当你是“水鱼”那般继续趁你不注意提高保费。其实这是可以避免的。只要我们当个精明的消费者，更新车险之前到处比价，那就可以得到更好的优惠配套哦！希望我们今天的视频教会你一点点， 让你更懂得车险的咨询！

Savings up to RM300 + Road Tax Deliver To Your Door Step

如果你喜欢我们的
保险360
系列，记得按赞与分享！记得订阅我们的频道还有开启小铃铛，这样你就不会错过新影片的通知。我们下次见！

Tags:
保险公司
保险费
汽车保险
汽车保险公司
汽车保险费
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Fincrew Online Will Writing Services

Everything from the news on TV to what we see on social media does nothing but break the heart. So, even though we certainly don’t want any of that to happen to us, it’s vital to see essential aspects of our lives like our estate planning while still of sound mind and body.

Malaysia’s Leading Online Will Writing Firm At Your Service

Writing a will
 in Malaysia was a time and effort-consuming affair for an eternity. It was also relatively expensive, and you had to factor in variables like state laws and state requirements when
writing a will
. So, even though many people knew it was a good idea to detail how to distribute your assets upon your passing, they were often hesitant to go through the hassle of preparing these estate planning documents. We created FinCrew’s
online will writing
 services so we could effectively change the experience of how to
write a will in Malaysia
. More than helping you get will write in Malaysia done with ease. We also help you legally validate your estate planning documents, ensuring there’ll be no hatred between your loved ones when it’s finally time to distribute your assets.

Will Content Writing Experts At Your Fingertips

Our legal content writing experts are at your beck-and-call seven days a week. Our goal is to ensure that you do not sacrifice your comfort or convenience to prepare this testamentary document. When you write a will, we assign you a personal, seasoned legal content writer you can reach at all times. So, whether you have a specific question or want clarity on a particular aspect of the will writing process, you have a point of access you can reach without stress.

How We Make It Happen

We follow a simple 3-step process when writing in Malaysia that guarantees your comfort without sacrificing the legality of your will and letter of administration. Here’s FinCrew’s trademark 3-step will preparation process.

Step 1 – Answer Our Short Query

We ask you a series of simple questions to help get the specifics of the will you want to write. It also ensures that the document is valid and per Malaysia’s Probate and Administration Act 1959.

Step 2 – Begin The Approval Process

Once we’ve got the details of how you want to distribute your assets, the FinCrew legal team swings into action, our legal gurus go over the information you’ve provided us to ensure that your wishes are clear. This document is legally binding. We vet the record exhaustively to ensure it’s as you would like. It only takes 24 to 48 hours.

Step 3 – Get Your Seal Of Approval

The final stage of the will preparation process lies with you! Once we’ve ensured that the will’s contents are to your liking, you need to print out a copy of the document and sign it in front of two witnesses. This last part is necessary to validate the paper, making it binding by law legally. And with this, you officially have a will!

Our Optional Will Update Service

You can also choose to be able to update your will as necessary! At FinCrew, we understand that situations are fluid, so we afford our clients the option of changing the contents of their will whenever they want! It puts you in complete control and helps you relax a little more.

Frequently Asked Questions About Will Writing

Do I Need a Will?

Yes, you do. A will determines who gets what portion of your properties or estate. If you have children under 18, choosing allows you to state who their legal guardians will be.

What Will Happen When Someone Dies Without A Will?

In Malaysia, when a person dies without a valid will, the government follows the Intestacy Rules to determine how to distribute property. However, relying on this policy can be tricky as it often doesn’t account for many modern dynamics.

Contact Us Today

Save your loved ones the hassle of guessing what you would’ve wanted. Get our
online will writing
 services and secure their future today!

Tags:
Malaysia's Probate and Administration Act 1959
Online Will Writing
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My Car Hit While Parked

It was a nice sunny day, and you decided to head to a picnic. You parked the vehicle and spent the day outside. Once you returned, you discovered that your car was
hit while parked
! That is never a pleasant thing to see, regardless of the damage severity. The first thing to do is to take a couple of seconds to calm down. You will need to assume control of the situation, and here is how to do that.

Did They Leave a Note?

The best-case scenario is that you are dealing with a conscious driver. Perhaps someone was parking out of their space and
hit your parked car
 accidentally. They might have seen what happened but didn’t have the time to wait. That is why they might have left a note with their contact details on the windshield. Check to see if there is any phone number there. If you find it, give it a call immediately. You want to confirm that they are willing to take the blame. The next step is to determine how much a repair would cost and whether they are ready to pay for the expenses. Even if you have their word for it, make sure to take photos of the car before moving. That way, you have proof of what happened – think of it as protection if the other party changes their story.

Call the Police

If there is no note on the vehicle, you might be facing a
hit and run
 situation. That means someone
hit your parked car
 and ran away, hoping they will never get caught. If this is the case, call the police immediately. You shouldn’t move the vehicle, but you are free to take photos. Use your smartphone or a digital camera, and take multiple photos from various angles. Another good move is to look for potential witnesses. Were you parked in front of a store? Perhaps people working there saw what happened. You could use them to confirm your story, and it would be even better if they wrote down the vehicle’s license number. Please note that the deadline for a police report is 24 hours from the incident.

File An Insurance Claim

Do you have a valid
insurance policy
? If the answer is yes, it is time to
file an insurance claim
. That will require preparing the required paperwork, which could be a tedious process. For starters, the company will ask for a police report and investigation results. It helps if you have damaged photos taken at the scene. Next, you will need a receipt for damage repair. That is why you need to take the vehicle to an authorized workshop that employs a licensed adjuster. Their task is to determine the damage and come up with the repair cost.

You can ask the workshop to provide an estimated repair time and issue a CART document – compensation for the actual repair time. That could increase the compensation you receive from the
insurance company
.

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Once you have these documents ready, contact the
insurance
 agency. They will ask you to file an official claim by completing their form.
Follow the procedure
, and try to provide as much information as necessary. Please note that there might be a deadline for submitting a claim after the incident. That is why you shouldn’t waste any time, so start preparing the paperwork right away!

Tags:
Car Accident
Car Insurance
CART (Compensation for Assessed Repair Time)
Insurance Claims
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Car Insurance Explained

This is a fundamental aspect of making your vehicle roadworthy. Consequently, you must understand everything you can about it. Reading through this article, you’ll be given a brief rundown of what
car insurance
 is in everyday language. Anyone within the driving age in the country knows they need to be covered by
car insurance
 before hitting the road. However, most people don’t understand what
car insurance
 entails. Generally, if an accident hasn’t occurred, most individuals don’t give a thought to their
insurance
. As nice as that method of approach is, it isn’t really helpful in the long run. Knowing what car insurance is, what it entails, and what to expect can do wonders for informing your actions and decisions. Without getting too technical, this article will be breaking down the basics of car insurance.

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What is Car Insurance?

Movement from point A to point B is an important aspect of daily human life. Be it for
business
 or pleasure. Everyone has to move at some point. That said, it isn’t always as simple as getting from one place to another. This is because accidents happen, vehicles and property get damaged. Sometimes, injuries are incurred, and in extreme cases, lives are lost.
Car insurance
 is the one way you can guarantee that should the unexpected happen. You can cover the resulting expenses. Certain types of car
insurance are mandatory
, while others are purely for your convenience. We’ll be broadly exploring the types of
vehicle insurance
 out there today briefly now.

Types of Car Insurance

You can insure your vehicle to varying degrees. Here is a quick breakdown of the types of car insurance in Malaysia today and the key things you should know about them.

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Third-Party Coverage

By law, you must have this
type of insurance
 if you want to drive your car. This
type of insurance
 specifically protects you financially when you’re involved in a car accident. This insurance is called Third Party insurance because it covers the financial costs of damages you inflict on another drivers’ vehicle or person. This package doesn’t
cover repairs to your car
. Besides, this
insurance coverage
 doesn’t extend to incidents of theft, fire, or acts of nature to your vehicle.

Third-Party, Fire and Theft Cover

This is a more comprehensive
car insurance package
. It should be noted that this particular package isn’t compulsory. Like the basic
third party
 coverage, it insures and pays for any damage or medical bills you inflict on another drivers’ person or vehicle. Also, like
third party
 coverage, it doesn’t cover the costs of your vehicle repairs. It, however, does insure you against incidents of theft and accidental fires.

Comprehensive Coverage

This vehicle insurance package combines the best of both insurance packages discussed above. Along with providing you third party
coverage and insurance
 against theft and accidental fires, comprehensive coverage also extends to cover the financial expenses of all repairs to your car resulting from the accident. Bear in mind that no
car insurance package
 will cover medical expenses for you or your passengers involved in the accident. In conclusion,
car insurance
 is a must-have, and just because the law says so. In addition to taking the compulsory insurance package, checking out what additional coverage suits you–is never a bad idea.

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Comprehensive Car Insurance In Malaysia

To join the Malaysian traffic, getting a functioning car insurance policy on your vehicle is compulsory. However, what’s compulsory and what’s necessary aren’t the same thing. Here’s what we mean. Suppose you took out an extensive Third party
insurance policy
 and you’ve done the best you can to live up to the responsibilities it requires. Now imagine that one day, your vehicle gets stolen! Even though you have
insurance
, you’re sure to lose out because your policy doesn’t cover the incident that occurred. In many ways, this renders the insurance you’ve gone through so much to procure and maintain pointless. So while a
Third Party
, Fire and Theft or
Comprehensive policy
 isn’t compulsory, it would’ve been necessary, if you wanted to get financial compensation for your stolen vehicle. Going all out with your automobile insurance demands a lot from you because it does much to shield you when any unpleasantness occurs.

Why You Need Comprehensive Car Insurance

If you value your convenience and keeping your vehicle in premium condition, then getting Comprehensive coverage is a smart play. A
Comprehensive policy
 insures you against accidents that occur on the road, including those that happen while you aren’t driving. It might seem like overkill at first, yes. However, when you consider that the entire premise of getting insurance is to prepare for any eventuality, things come into perspective. As there aren’t many scenarios it doesn’t cover, you can also go about with the full confidence that should a disaster hit your vehicle, in the end, you’ll be just fine.

Getting The Coverage

You can quickly obtain this coverage online or the traditional way, through the services of your insurance agent. Either source will guide you through the process and tell you all you need to know.
Comprehensive car insurance
 policies usually have to be renewed annually. You can always consult your documents to check if that applies to you particularly.

What It Covers

Looking at the fact that it is the most complete and all-encompassing package you can take out on your vehicle right now, the Comprehensive policy offers more than can be quickly mentioned. Going over it in broad strokes, this policy insures you and pays out in the event of:

Inflicting damage to another person’s property or vehicle.

The unfortunate injury or death of another driver or their passengers as a result of an accident involving you.

Damage to your vehicle due to incidents such as
theft
 or fire

Loss of your vehicle owing to fire or theft

Damage to the insured vehicle as a result of an accident.

Limitations of
Comprehensive car Insurance
 Policy

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Even though it is pervasive, you should always remember that it doesn’t cover every single scenario involving your vehicle. A key takeaway here is that this policy doesn’t cover you should you or any of your passengers get injured as a result of an accident (this is what health insurance is for!). If you also add upgrades to your vehicle, this insurance mightn’t also payout for them if your vehicle gets stolen or damaged.

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Comprehensive Coverage
Fire and Theft Cover
Insurance Policy
Third-Party Coverage
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Do You Need a Solicitor To Make a Will In Malaysia?

Failure to plan is often unavoidable, but this is not the case when you
make a will
. If you pass away, your loved ones do not have to deal with the legal complexities (and potential family strife) of inheriting your assets – they will bear the burden. Writing a will expresses your wishes regarding how to distribute your estate after you die. Other desires can also be said, such as who will take care of your children and manage the family business. Do you need a solicitor to
make a will
? This article explains everything you need to know.

What Is a Will?

Will outline the disposition of your assets when you die. In Malaysia, a will is a written declaration having a legal effect on the testator’s intentions concerning their property or other matters they wish to carry after death. A person of Islamic faith does not need to comply with the Wills Act. Syariah law will decide on a Muslim’s inheritance. Islam requires Muslims to draw up a “wasiat” (like a will) and appoint a “wasi” (like an executor). A “wasiat” and a will serve the same purpose but under different laws.

Is A Solicitor Required To Make a Will Or Wasiat?

Having a
solicitor

draft your will
 is not a legal requirement. Nevertheless, the absence of a
solicitor
 when drafting your will may significantly affect both your estate and your loved ones. Legal professionals familiar with Malaysia’s will laws can assist you in understanding the legal formalities you’ll need to follow. In addition, a lawyer can help you understand the implications of your wishes for your family’s finances. Discuss tax and other financial impacts with an attorney familiar with Malaysian succession law. Although you may write your will yourself, it is always a good idea to get the opinion of a lawyer. To enjoy peace of mind, you want your choice and wishes to be valid and done after you pass away.

What Is The Importance Of a Will?

It is vital to have a will because it outlines the distribution of your assets. A lot of family drama has stemmed from disputes over inheritances. A person without a will has all their assets distributed according to the Distribution Act 1958. No consideration for your family’s wishes or needs! Distributing your assets could also take quite a while, up to five years. Again, this may be problematic if you are the family’s sole breadwinner or have dependents. Moreover, your assets may also depreciate during the drafting of your will. If you leave a choice, your family will know where your possessions are and how much you own. Additionally, you will save them a great deal of time and hassle if you do not need them to handle the administration of your estate.

If I’m An Expat, Do I Need a Will?

Malaysia recognises assets relating to other countries as valid international wills. Nonetheless, if you own real estate in Malaysia or intend to remain a permanent resident in the country at your passing, you might want to
write your will
 there. If you fail to make a will in Malaysia, you may be unable to use your Malaysian assets for an extended period. Before the Malaysian courts even start processing probate, a Grant of Probate is in the country where the support is. A Will that isn’t in place in either country can cause difficulties for your loved ones and cause delays for many months or even years.

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Distribution Act 1958
Malaysian Succession Law
Online Will Writing
Solicitor
Syariah law
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Top Tips To Safeguard Your Credit And Debit Cards From Hacking In 2023

A few months ago, NordVPN made a shocking revelation. Following a study conducted on 4 million different credit and
debit cards
 currently used in over 140 countries, they concluded that it takes just 6 seconds for hackers to crack your credit or debit card security and steal your money! Here’s everything you need to know about the process and how to protect yourself from it.

What We Know So Far

The unfortunate result of this study was made known to the public by Marijus Briedis, the current CTO at NordVPN, one of the world’s leading VPN providers. According to the report, even though there are different ways to penetrate a payment card’s security, the one most favored by
hackers
 is “brute forcing,” which takes just six (6) seconds. Marijus observed that this standard method of cracking payment cards is likely why so many credit cards and
debit cards
 are available on the dark web.

How Brute Forcing Works

The study’s report determined that
hackers
 brute force a payment card by trying to guess the card numbers and the card verification value (CVV). It is a relatively simple job because a payment card’s first 6 to 8 numbers are usually the card issuer’s ID numbers. The hacker only needs to guess the remaining 7 to 9 digits. And, because the 16th and final digit of a card number is a checksum and is only used to confirm if there is an error when inputting the card information, this task is much easier for them. So, using a standard computer, completing this attack from start to finish doesn’t take more than 6 seconds.

The Best Ways To Secure Your Credit And Debit Card Information

The report wasn’t all doom and gloom, though, as it also revealed simple ways that card users can protect themselves from losing money to these attacks. We’ll be discussing the best two approaches now.

Approach #1 – Monitor Your Monthly Bank Statements

The best way to thwart the efforts of these hackers is to make sure that you monitor your monthly statements. As there’s currently no way that
financial
 activity can occur on your account without it reflected in the report, you’ll be able to quickly tell something’s amiss the moment you check this record and see signs of suspicious activity.

Approach #2 – Use Multiple Bank Accounts

Another great way to forestall the loss of your precious funds here is by using different accounts for different purposes and only leaving as little as possible in the account linked to your payment card at any one point. You can also take advantage of temporary virtual cards if your bank offers them.

Takeaway

Staying one step ahead of hackers is easy if you remain careful, stay on guard and avoid suspicious online platforms. When you compliment those practices with the above tips, you can bolster your defenses even more!

Tags:
Credit Card
Debit Card
Hacker
Marijus Briedis
NordVPN
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KFK (Knock for Knock) In Insurance Terms

Have you ever heard about the
Knock for Knock
 agreement in auto insurance? Or has anyone asked you about Own Damage claim or Own Damage
Knock for Knock
? If not, read along to learn more about it.

What Is Knock for Knock Agreement?

A knock for knock agreement is a contract signed among all
insurance
 companies in Malaysia to control insurers from exercising their respective quid pro quo rights against each other. Irrespective of whose insured party is at fault. The purpose of the agreement is that each Insurer should bear responsibility for any damage done to their client’s vehicle, without claiming against the other Insurer, even if the other Insurer is at fault. For instance, if my
car was hit
 by another driver’s car, let’s say the other driver’s name is Sam. In this scenario, let’s say, Sam is at fault. The standard procedure is for my Insurer to file a third-party claim against Sam’s Insurer for property damage. However, this process is always tedious and time-consuming because you will have to file a litigation suit against the other Insurer in court. Invariably there will be lots of small traffic accident claims litigation in courts between insurers, the reason for knock for knock agreement.

Why Is It Essential?

As we all know, the person who caused damage to a car is liable to pay, and a third-party policy will take care of that reimbursement. But in the real world, it doesn’t quite work that way. The process of filing a third-party
insurance claim
 is long and tiresome with police and courts involved. You will need to take the at-fault driver to court, and this could be a lengthy and expensive process. KfK is not mandated by law, and Insurers know this, but rather prefer it to avoid the unnecessary delay that is encountered by dragging third-party claims to court. It also saves both parties the frustration that is met while filing for litigation in court and obtaining a charge sheet from the police. Most importantly, KfK is meant to rapidly
cover costs for the damage
 sustained without causing inconvenience to the client.

What Are My Option(s)?

So the best option you have, if you didn’t want to invoke the third-party claim, is to file an Own Damage (OD) claim. This is a claim invoked by the driver involved in an accident, who is not at fault, against his own insurance company. In this scenario, the driver will not lose his
No Claim Discount
 provided the driver has a comprehensive policy. The Own Damage claim, also referred to as Own Damage Knock for Knock (ODKFK), is a benefit for private cars with
Comprehensive policy
.

This benefit is only applicable if you are in an accident with another private vehicle with a Comprehensive policy; if not, you will lose your
No Claim Discount
. However, it is essential to take note that
ODKFK
 does not apply in all situations. For instance, an
ODKFK
 will not apply when there is
third party
 bodily injury involved, irrespective of who is at fault or when the Insurer of the third party vehicle does not do
business
 in Malaysia, i.e., the insurance company is not located in Malaysia, which means KfK agreement is not binding on the Insurer. The
ODKFK
 will also not apply when the
third party
 vehicle is a bus, taxi, limousine, or hire and drive a car. So, if you found yourself in the scenarios above, you will probably have to follow the usual route of claiming Third Party Property Damage against the other driver’s Insurer or
make a claim
 under Own Damage and lose your
NCD
 if you have a comprehensive policy.

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Knock for Knock
No Claim Discount (NCD)
ODKFK
Own Damage Knock for Knock
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Everything You Need to Know About Saving With (Employees Provident Fund) EPF

More formally known as the
Employees Provident Fund
, whether or not to use the
EPF
 is a matter that’s been intensely debated among Malaysians for quite a while now. So, if you’re wondering if it’s okay to entrust your pension funds to this system, here is some information that can help you make a more informed decision!

(Employees Provident Fund) EPF – What It Is?

In basic terms, the
Employees Provident Fund
 is a federal statutory body that operates under the Ministry of Finance and manages the savings and retirement planning for working Malaysians all over the country. Is Putting Your Savings in
EPF
 a Smart Play? Yes, it is!

In many ways, this program can be considered the most critical aspect of your retirement planning. As a wholly safe and government-backed investment venture, you can always rest assured of a profit when you trust your savings to this system. The EPF has always promised and delivered a minimum annual dividend of 2.5%. And depending on several factors, that value can go even higher.

Who Can Access EPF?

Currently, virtually everyone is eligible to benefit from this program, not just workers with employees. Everyone from individuals operating in the gig space to people who run their businesses and even stay-at-home moms can benefit from using EPF. You need to deposit whatever amount you can at any time that’s most comfortable for you, and you’ll be slowly but surely securing your future! The only people excluded from this program are public sector workers who already have a government pension plan.

What’s The Upper Limit For EPF?

You can’t put more than RM 60 000 in your EPF per annum. It is valid for everyone, from workers with employees to stay-at-home moms. RM 60 000 is the established upper limit for a fiscal year, so you can’t save more than that.

Why Is It So Important To Put Something Away For Retirement?

Using resources like EPF is vital because you’d need access to at least RM 1 000 a month to take care of yourself once you retire. It is the bare minimum as considerably higher amounts are necessary if you want to ensure maximum comfort in old age. As a result, even if you have other investments, putting something away in your EPF can give you that much-needed level of assurance that you are indeed covering your bases. Thanks to the fact that the EPF hasn’t failed since its implementation, you can effectively secure your retirement funds.

When Can I Access My EPF?

Barring a few unique circumstances, you’ll only be able to get access to these funds after you turn 55. It ensures you have enough to spend for the rest of your natural life.

Bottom Line

EPF is the ideal solution if you want to put your savings into something you can trust and rely on.

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EPF
Ministry of Finance
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Importance Of Accidental Death Insurance

According to the World Health Organization, accidents are the third leading cause of death worldwide, after cancer and heart disease. The study found they’re the most common cause of death among adults from 25 to 44. Therefore, it makes sense to have an insurance policy that covers accidental deaths. It is for this reason that there is
accidental death and dismemberment insurance
 (AD&D). However, as with all
insurance
 products, it’s essential to understand what it covers and why it’s necessary to purchase it.

What Is Accidental Death And Dismemberment Insurance?

Accidental death and dismemberment insurance
 is coverage of a death caused by
accident
, as its name implies. Generally, it also pays if you lose a limb, your sight, hearing or your ability to speak after an accident. In the worst-case scenario or death, the beneficiary named on your policy generally receives a lump-sum payment in an accident. In the event of an injury, you may be eligible to accept what is called living benefits, and what you receive depends on the type of injury. For example, you might be covered for 50% of the coverage amount you purchase if you lose one item – say, a hand, foot, or sight in your one eye – and 100% if you lose two or more things. In addition, policies often cover 50 per cent to 100 per cent of the benefit amount in the case of paralysis. Depending on the insurance company or the employer offering AD&D insurance, you could receive different coverage amounts. Prospective buyers need to read the policy terms carefully due to coverage limitations. In general, AD&D insurance has limited coverage and covers unlikely events. Additionally, it is only supplemental insurance and cannot replace
term life insurance
.

What Does AD&D Insurance Cover?

It will cover deaths and injuries from accidents; however, natural causes of death and
illnesses
 will not. It does not include heart attacks or strokes. It is typical for insurance policies to cover the expenses of death or injury caused by accidents at work, home and the road. Furthermore, if you die from an accident involving public transportation, such as a bus, train or aeroplane, the payout will be double or triple your base coverage. An accident-related death does not have to occur for it to be covered. It will usually be covered if it occurs within a specific time frame, such as within a few months. In the policy, you will find the rules.

Do AD&D Insurance Policies Provide Additional Benefits?

When you are wearing a seatbelt during an accident that causes injury or death, some insurance companies may pay you an additional benefit. Some other benefits may also be available to assist children in paying for college. For a surviving spouse, counselling, legal advice, and financial planning services can also be beneficial. Depending on the insurer, these options may differ.

What’s Not Covered By AD&D Insurance?

In determining what constitutes an accident,
insurance companies
 take into account many factors. In some cases, the definition of an accident may be subjective. There is a long list of situations in which policies would not cover death or injury. These exclusions can vary from one insurance company to another. The following are exclusions in an
accidental death
 insurance policy:

An injury incurred before coverage began

Death due to an illness, including mental illness

Damages caused by suicide or self-infliction

Overdose of drugs

Drunk driving
-related deaths or injuries

A person who voluntarily inhales gas or takes poison

Committing a crime that results in death or injury

Injuries or deaths due to violent riots or war

Injuries suffered while serving in the military

Death or serious injury from car racing, flying a plane, playing professional sports, skydiving, or scuba diving

Why Accidental Death Insurance Is Important?

As a result of
accidental death
, the surviving loved ones are devastated emotionally and financially as they suddenly lose income. Having an AD&D policy’s death benefit can ease the pain of that burden. Most insurance policies have death benefits equal to or even more significant than the amounts offered by traditional approaches. In addition to the death benefit provided by conventional life insurance policies on the insured, AD&D policies provide additional death benefits because the loss of income will carry forward. It is referred to as double indemnity because its value usually doubles due to this extra benefit.

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Accidental Death And Dismemberment Insurance
Accidental Death Insurance
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Four Effects Of Changing Your EPF You Should Know

The drastic economic effects of the pandemic meant that the government had to take some significant steps to ensure the people’s continued survival. So, in addition to a host of other policies, recent regulations have given Malaysians a measure of influence over how much they can contribute to their
EPF (Employees Provident Fund)
. You can now drop your contribution to 9% or fill the Form KWSP 17A to ensure that you continue putting in the standard 11%. But before you swing, you should at least consider the possible effects of your actions. With this in mind, we’ll look at the possible repercussions of changing your
EPF
 contribution from four (4) different angles.

1. From The Perspective Of Those Who Had To Take a Pay Cut

Due to the devastating effects of the
pandemic
, many employees who weren’t outright relieved of their duties had to take a pay cut. If you fall in this bracket, leveraging this new development might be your only logical recourse as it gives you more take-home to cover expenses without biting too deeply into what you put away for retirement. But if even with your pay cut, you can still manage all your
financial
 responsibilities, you may be better off leaving your contributions at 11%.

2. From The Perspective Of Those Who Didn’t Take a Pay Cut

Some employees managed to scale through the worst of the pandemic without taking a pay cut. In this case, the opportunity to contribute less
EPF
 means you take home even more of your earnings. By extension, you may be able to put more away for emergencies and, if you like, fund some of those lifestyle changes you’ve always wanted. However, in this instance, you should consider leaving your contributions at 11%, as you don’t necessarily need the extra cash now. Saving it for the future when you need it more may be more rewarding.

3. In Terms Of The Dividends You Can Earn

From 1999 to 2020, the EPF paid an average dividend of 5.9% per annum. It means that it is one of the safest and most profitable places you can keep your money right now. However, as the dividend you earn is directly dependent on your total savings, cutting your
EPF contributions
 means that you may earn fewer dividends.

4. In Terms Of Tax Relief, You Can Access

The more you contribute, the higher you can claim. So, you’re saving money in two ways when you leave your
EPF contributions
 at 11%!

Making The Right Decision For You

Ultimately, the way you go here depends on whether you can afford to pay your bills right now. If you can’t manage without the extra, you get from a lower EPF contribution, then go for it. But if you’ll be fine either, securing your future with an 11% contribution may be the way to go!

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Employees Provident Fund
EPF
KWSP
Tax Relief
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Bolehkah Saya Menginsuranskan Kereta Tanpa Lesen Memandu?

Disebabkan faktor tertentu anda mungkin perlu mengambil polisi insurans auto untuk kenderaan anda walaupun tanpa lesen. Adakah anda tertanya-tanya adakah mungkin untuk mendapatkan insurans kenderaan walaupun
tanpa lesen memandu
 yang sah di negara ini? Adakah anda ingin tahu tentangnya? Apa yang perlu anda lakukan hanyalah duduk dan teruskan menonton video ini!

Helo dan selamat datang ke satu lagi episod dalam Siri Video Insurans360! Hari ini saya akan membawa anda untuk mengetahui bagaimana untuk mendapatkan pelindungan
insurans
 sepenuhnya biarpun tanpa lesen dengan langkah pantas dan mudah! Saya, Yuna duta jenama Fincrew dan terima kasih kerana bersama kami hari ini. Dapatkan segalanya yang perlu anda ketahui tentang
insurans kenderaan
 di hujung jari anda! Hanya klik pada ikon ‘Subscribe’dan aktifkan notifikasi supaya anda dapat melihat segala yang ada dalam Siri Video Insurans360 kami!

Sekarang, setelah anda selesai melakukannya mari kita mulakan. Lesen memandu merupakan sebahagian keperluan untuk mendapatkan
insurans auto di Malaysia
. Salah satu sebab utamanya ialah syarikat
insurans kenderaan
 memerlukan maklumat ini bagi memeriksa sejarah pemanduan anda. Jika mereka tidak memilikinya, maka mereka tidak dapat menjangka potensi risiko yang mereka ambil dengan pemanduan anda. Dengan kata mudah, mereka mungkin akan mengalami sedikit masalah untuk menilai berapa
premium yang perlu anda bayar untuk insurans
 anda itu. Disebabkan ini, mencari syarikat insurans yang akan memberikan pelindungan kepada anda
tanpa lesen memandu
 adalah agak mencabar. Ia mencabar, tapi tidak mustahil. Sesetengah
syarikat insurans
 tetap akan memperluaskan pelindungan anda biarpun anda tidak memiliki lesen memandu yang sah. Syarikat insurans ini mempertimbangkan bahawa anda mungkin tidak mempunyai lesen memandu kerana faktor memiliki pemandu atau mempunyai masalah kesihatan. Untuk itu, jika anda ingin mendapatkan pelindungan dari syarikat insurans ini, anda boleh melakukannya dengan menggunakan salah satu saluran berikut:

Namakan Orang Lain Sebagai Pemandu Utama

Anda boleh membeli polisi dengan menggunakan nama individu lain. Ini akan berfungsi dengan baik jika nama individu yang anda gunakan itu:

Tinggal di alamat anda

Mempunyai hubungan dengan anda dan

Mempunyai lesen memandu yang sah

Walau bagaimanapun, ia bergantung kepada syarat sebenar syarikat insurans tersebut, individu yang ingin anda namakan sebagai pemandu utama mungkin tidak memenuhi semua kriteria yang telah disebutkan tadi. Namun, selaras dengan pendekatan ini, anda boleh membeli polisi tersebut dan menamakan diri anda sebagai pemandu yang dikecualikan. Banyak syarikat insurans yang terbuka dengan cara ini. Perlu diingatkan bahawa, sekiranya anda terlibat dalam
kemalangan semasa memandu
, anda tidak akan menerima apa-apa bayaran bagi menampung perbelanjaan akibat kemalangan itu.

Namakan Pemandu Berlesen Sebagai Pemilik Bersama Kenderaan

Sebagai pilihan, anda boleh mengambil polisi tersebut dan kemudian menamakan seseorang yang mempunyai lesen memandu yang sah sebagai pemilik bersama kenderaan. Dalam pelbagai peringkat, pendekatan ini terbukti lebih mudah untuk anda berbanding dengan pilihan sebelum ini.

Menggunakan ‘Parked Car Policy’ (Polisi Kereta Terpakir)

Sekiranya anda mempunyai kereta eksotik atau kereta mahal yang di parkir di garaj anda, anda MESTI mengambil insurans. Anda boleh berunding dengan syarikat insurans untuk memberikan pelindungan lain, tetapi masih menginsuranskan kereta anda daripada kecurian, kebakaran dan kerosakan. Ini merupakan cara paling biasa untuk anda melindungi kenderaan tanpa memiliki lesen memandu.

Jadi, apa pendapat anda tentang memiliki kereta tanpa lesen memandu? Adakah anda akan melakukannya? Kongsikan kepada kami di bahagian komen di bawah. Jangan tinggalkan kami tanpa tanda ‘Like’ dan tekan butang ‘Subscribe’ serta aktifkan notifikasi! Jumpa lagi!

Tags:
Insurans Kenderaan
Lesen Memandu
Parked Car Policy
Polisi Kereta Terpakir
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Does Car Insurance Cover Theft?

If you live in a neighborhood with a high crime rate, it’s normal to worry about someone stealing your car. That is why you wonder if your
car insurance
 covers
theft
 and what you should do if it happens to you. Let’s check out this detailed guide on the specific
insurance
 against car
theft
 and how to activate it.

Does Every Car Insurance Cover Theft?

The answer is, no – not every
car insurance
 in Malaysia covers theft. Ensuring your car against theft isn’t mandatory by the law. However, you can still pick to ensure your vehicle against someone stealing it.

Malaysian insurance agencies offer two different policies that include theft:

TPFT – it is short for theft, fire, and
third-party insurance
. It is a medium-level policy that includes mandatory third-party coverage plus protection against theft and fire.

Comprehensive
 – this is the most advanced insurance type to get, and also the priciest. Apart from theft and fire protection,
comprehensive insurance
 also covers first-party claims.

Car insurance
 against theft is a smart idea to ensure peace of mind. It can be wise to get it if you live in an area with crime problems or driving a luxury car that costs a fortune. The critical thing to note is that you shouldn’t participate in the theft in any way. Apart from your
car getting stolen
, it is crucial that your negligence didn’t lead to it. Here is a negligence example – did you leave your car in a hotel and give the valet keys? The insurance company will consider that negligence and can refuse to pay compensation. You can encounter the same problem with a
car wash
 service, and even if you give a key to a friend.

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How To Make A Car Theft Insurance Claim

The first thing to ensure is that someone stole your vehicle. You don’t want to report a theft only to find out your son took the car for a drive. Make sure to confirm your suspicions about someone stealing the vehicle. Your initial step is to file a police report as soon as possible. Once you do that, it’s time to contact the insurance agency and file a theft claim. Now, it’s critical to arm yourself with patience. The police will investigate the issue, but that could take months whereas the
insurance company
 needs to wait for the investigation to pay the compensation.

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What Happens Once The Police Investigation Is Over?

The first thing that could happen is that the police find your vehicle. If that happens, they will return the car to you as soon as they confirm ownership. As for the
damages to the car
, it will depend on whether you have a first-party claim. If you are eligible for
filing an own damage claim
, you can submit one to receive damage compensation. However, please note you won’t be able to use your
no claim discount (NCD)
 after that. An alternative scenario is that the police don’t find your car. If that happens, the insurance company will pay out the agreed or market value. Check out your insurance contract to see if you agreed to a particular compensation if theft occurs. If that’s not the case, the company will determine the
sum based on the current vehicle’s market value
. It’s possible to appeal and try to increase the sum, but make sure to consult a legal professional before doing that.

Tags:
Comprehensive Coverage
Fire and Theft Cover
No Claim Discount (NCD)
TPFT
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Mistakes To Avoid When Drafting Your Will

There is no doubt that a will is among the most important documents you
will
 ever encounter. After you pass away, it
will
 serve as a way to ensure that they carried out your wishes. It is, therefore, astounding that many Malaysians don’t have one. No matter how proactive you are and have created a will, your loved ones may still be shocked after your death. When
drafting a will
, its laws can be complex, making mistakes more likely. Minor errors may cause the removal. In addition, it can lead to a contested and void will. The discovery of most mistakes in wills after the owner passes away means that the friends and family have to deal with the mess. We look at the most common mistakes we see to avoid this ordeal.

The Absence Of a Will

Not
making a will
 at all could be the biggest mistake. It’s common for people to feel too young to think about their eventual demise. Another possibility is that they don’t think they have enough money to make a will. Finally, maybe the process seems daunting. However, none of these is acceptable excuses. We have seen estates taken over by the public administrator because of the lack of documents. The beneficiaries may not get their inheritance for months or years when this happens.

An Incorrect Witness Signed The Will

To sign a valid will, two people must be present:

Citizens of Malaysia who are at least 18 years old

Do not list themselves as beneficiaries in the will or are married to a beneficiary

For the will to be valid, sign the document in the presence of two witnesses.

Changing Your Will After You Have Signed It

It is impossible to amend a will without an official alteration once witnessed and signed. Changing an existing document would require you to submit an official amendment called a codicil or create an entirely new will. In the same way that a will must be signed and witnessed, a codicil must also be signed and witnessed. It is possible to add as many codicils to it as you like, although making a new will may be more manageable.

Having No Idea What Overrides a Will

The terms of
your will
 do not dictate how to handle your finances. Your investments, retirement plans, and life insurance policies take precedence over provisions in
your will
. Joint tenancy also takes precedence over this document. For instance, if you name three kids in your will but only one child on your bank account, the one indicated receives the items. You can ensure that all assets flow through the will by naming the grantor’s estate as the beneficiary.

Not Updating Your Will

Life events could change the outcome of a will that many people do not know. For example, you might experience:

A new child or grandchild is born

Divorce or marriage

Losing a loved one

Buying a new home

Having an up-to-date policy will ensure there is no confusion after these events.

Unclear Descriptions

A keepsake may be something you want to give a relative. How do you handle having multiple items with similar characteristics or relatives with similar names? They can create tension.

Property Not Included In The Will Not Taken Into Account

It is possible to have most assets (
life insurance
, pensions, bank accounts, etc.) pass directly to the designated beneficiary. A will does not apply to these assets, so consulting a professional would be helpful in this case.

Not Designating The Right Executor

If you seek an executor to settle your estate, carefully consider who is qualified to perform those duties. Be mindful of conflicting interests. Family members are sometimes not the best choice, mainly if you trust your sibling to handle family members. Bad results are likely! Make sure the person you choose is aware ahead of time. The job may not interest them, so they do not appreciate the surprise. It is more common for them to feel honoured. Tell them now instead of waiting until you’re gone.

Keep a backup executor if your first choice can’t do the job.

Failure To Establish a Bloodline Trust

Take a look at this scenario. Upon your death, they will give your property to your daughter and her husband, a person you never liked very much. After a couple of years, they divorce, and he ends up with half of your hard-earned money. You can see what happens without a bloodline trust. In a bloodline trust, you can specify that only direct descendants of your family – such as blood children and grandchildren – are entitled to assets.

Personal Property Not Addressed

Conflict can arise when people fail to clarify who gets what property. For example, the heirs should typically divide personal property equally – such as clothing, furniture, and jewellery. But then you have to ask what is “equal.” It can cause fights about pieces with no economic value but great sentimental value.t Make it easier for your heirs by addressing this in your will about particular items they find essential. You can also allow beneficiaries to choose specific items in rotation.

Tags:
Executor
Inheritance
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Do Auto Insurance Cover Drunk Driving Accidents?

Your auto insurance covers damages caused by a crash. But, what occurs if the collision was brought about by drinking and driving? Will an auto insurance company pay for an accident caused by
drunk driving
? Read on to learn more about the different
drunk driving accidents
 and
auto insurance
 scenarios and how it may or may not affect you. Anyone who drives when they’re intoxicated with either alcohol or drugs can result in an exorbitant fine and jail time. Even if you are found guilty and are placed at substantial
financial
 risk if you get into an accident as a result of your overindulgence, you might be surprised to learn that your auto insurance company will cover any accident caused by drinking and driving, but with restricted
insurance policy
 terms. In Malaysia, the influence of alcohol is a general exclusion for
car insurance
 in Malaysia.

Why Insurance Companies Cover Drunk Driving?

Indeed,
drunk driving
 is illegal. However, your crime is considered unintentional. Yes, you readily drove under the influence of drugs or liquor. But as ready as you are, nobody ever plans on getting into an accident. That is why–even though your insurance company doesn’t cover vehicle or property damage due to drugs or alcohol influence. But the
insurance companies
 will still have to pay for third-party bodily injury and property damage, and subsequently, the insurance company still has the right to use the to claim back from the insured.

Case Scenario

Here’s a case scenario for you– A
drunk driver has damaged a third party car
 and injures the 3 victims inside the vehicle. The victim’s family decide to sue the drunk driver and eventually awarded by the court RM200k. The
insurance company
 will first pay for RM200k compensation. A few weeks later, the drunk driver received a letter from the insurance company and instructed him to pay for the RM200k plus the legal expenses because alcohol’s influence is an exclusion.

What Happens If I Declare Bankruptcy

If a victim wins a lawsuit, your financial income may be taken to pay the judgment at all costs. You should note that though in some legal matters, you may be discharged when you declare bankruptcy, however, it is not the case for drunk driving lawsuits. Your financial obligation regarding drunk driving will stay on your record even if you declare bankruptcy.

What Can Happen to My Policy After Drunk Driving?

Eventually, your auto insurance company will most likely pay for your victim’s losses– regardless of whether you were driving under the influence of drugs or alcohol. But after the accident, you
insurance
 policy
 might be void or you could pay twice as much for vehicle insurance after your at-fault crash.

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Conclusion

Please don’t think that you can escape from drink and drive offense, even though
insurance
 companies compensate the victims under the law, they can always use the subrogation right to
claim
 back from you, and such offense is heavily penalized under the Malaysian laws.

Tags:
Drunk Driving
DUI
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How Do I Figure Out Which Car Insurance Is Best For Me?

If you’re new to the world of auto insurance, or you recently discovered that you haven’t been operating the best coverage for you and your car, you must gain a working understanding of how to get ideal coverage for you.

How do you go about picking the best
car insurance
 policy to serve your needs?

What are the most important factors to remember while doing so?

What types of
car insurance
 are available to you?

All these are vital questions you need to find answers to before settling for your coverage package. The first step towards getting the best coverage for your car is to work the program and do the needful. With the right policy, you give your vehicle the best
financial
 protection and the opportunity to do so without breaking the bank. To do all of this effectively, you need to know how to shop for
insurance
 right. It means you need first to determine just what kind of car insurance you need first. If you don’t sit back and highlight all you want your ideal coverage to do for you, you won’t even know what to look for in the first place. There are essentially three types of car insurance you can avail. There is the:

Third-Party Coverage,

Third-Party,
Fire and Theft
 Coverage

Comprehensive
 Coverage

As you would expect, each of these policies offers you protection to varying degrees, with the Third Party policy offering the least coverage and the Comprehensive approach offering the most. However, just because one policy offers more coverage than the other doesn’t make it the best one for you. It would help if you remembered things like,

How much you can comfortably afford as premium,

The age and condition of your vehicle,

What deductible you are willing to pay and a few other things as well.

Once you have successfully figured that out, the next step is picking an insurer.
Insurance
 rates will vary widely, so; you should keep an eye out for the insurer with the best offer in terms of:

Low mileage discount,

Professional discount,

Good driver bonus features

Alarm discounts, and so on

Through this, it’s an important factor in the reviews of previous and existing subscribers of the insurer as well.

Tags:
Auto Insurance
Car Insurance
Car Insurance Discounts
Comprehensive Coverage
Fire and Theft Cover
Third Party Insurance
Third-Party Coverage
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5 Things To Do Before You Apply For a Loan

Since the pandemic rolled in, the global market hasn’t been what it used to be. With people left facing financial challenges, one of the best resources anyone can turn to at the moment is
securing a loan.
 Yet, this avenue isn’t always accessible to everyone for different reasons. If you’re thinking about getting a loan, there are a few things you need to attend to before you commence the
loan application
 process in earnest. Doing these things will help you better prepare for the
loan application
 process and increase your chances of getting the financial assistance you need. Some things you have to attend to before getting a loan include;

1. Analyzing Your Latest Credit Report Information

One of the most critical factors in determining whether you get that
loan
 is what your MyCTOS is saying. So, be proactive. Request and review the most recent copy of this report to know where you stand. That way, you’ll know whether you need to take any steps to improve your
credit score
.

2. Don’t Take On New Debts Before Your Application

If you aren’t already aware, please know that every loan application you tender is input into your record in the Central Credit Reference Information System (CCRIS). It means two things. The first is that there’s no
loan
 application you make that flies under the radar. The second is that your credit score will decrease slightly each time you take out a loan. The more loan applications appear in your CCRIS; the fewer banks are likely to consider you as they’ll think you’re simply a risky borrower looking to score more credit. So, make sure you don’t take on new debt when you want to apply for a loan.

3. Boost Your Debt-to-Income Ratio As Much As You Can

A debt-to-income ratio refers to the portion of your monthly income that goes into paying your debts. If you want to increase your chances of getting your loan approved, do everything you can to keep what you use to pay off loans below 40% of your total monthly income. In essence, try to increase your income and conversely lower your debts.

Check your company eligibility & apply business loan online.

4. Take Your Time to Explore Your Options

Interest rates among
financial
 institutions are anything but uniform. You can use that to your advantage. Check out and
compare as many loan providers
 as you can. Compare their interest rates as well as terms and conditions. That way, you’ll be able to find the best package for yourself.

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5. Secure and Arrange Your Income Documentation

One of the things that may slow your application process is getting the necessary documents for proof of income. However, by getting things like your bank statement and other documents at the ready, you’ll be one step closer to getting your approved loan on time.

Conclusion

While getting your
loan
 approved isn’t a walk in the park, following the guideline we’ve highlighted will make it easier for you.

Instant credits to repair your car from RM1,000 to RM5,000

Tags:
CCRIS
Credit Score
Loan Application
Loan Guideline
MyCTOS
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Ever Wonder How Malaysia Government Spent Your Road Tax Revenues?

It would help if you had a valid
road tax in Malaysia
 before driving a car on public roads. But do you know how the government spends your road tax? Here, you will find information about how the Malaysian government spends
road tax revenues
 and other information related to road taxes.

How Did The Malaysian Government Spend Your Road Tax Revenue?

The country of Malaysia has a vast network of roads that connect different cities in different states. You have to pay to drive your car on public roads because it is used to build and maintain public streets and provide safety and emergency services along these roads. In other words,
road tax revenues
 are used to construct roads, retain them, and upgrade them.

Who Has To Pay Road Tax?

Individuals who purchase motorized vehicles must pay
road taxes
 for commercial or personal use. The car can be a two-wheeler, a three-wheeler, a four-wheeler, or a commercial truck or trailer.

How To Renew Road Tax

Department Of Road Transport (JPJ)

Renewal of your
road tax
 can be done at JPJ. To get it done, all you need to do is go to the nearest JPJ Office, queuing, and get it done. There is typically a long queue at JPJ offices because they are usually very crowded. It is also possible to renew your road tax at the post office, but you’ll need to make an appointment first.

Can Someone Help Me Renew My Road Tax?

Vehicle owners or their representatives can apply for a road tax renewal. If the vehicle owner is the one presenting to renew the road tax, he must submit his MyKad to be read and recorded in the MySikap system using the MyKad reader. When a representative is sent on your behalf, he does not need to bring the MyKad of the registered vehicle’s owner. Only his MyKad is required.

How To Renew Your Road Tax At JPJ

Ensure you have prepared all the necessary documents:

Identity card (IC)

A copy of the vehicle grant or certificate of ownership

A cover note insurance policy

Visit a JPJ office or branch or a UTC counter.

The complete list of JPJ offices is here.

UTC’s full list of offices is available here.

Find out what your queue number is.

You should wait in the waiting area until your number is called.

If your number is called, go to the counter and
renew your road tax
.

Pos Malaysia

With expired road, taxes come uneasy feelings and worries. Besides getting it done at JPJ, you can also renew road tax at Pos Malaysia. They are very similar steps to getting it done at JPJ.

Renewal Of Road Tax At Pos Malaysia

Be sure that you have prepared the following documents:

Identity card (IC)

A copy of the vehicle grant or certificate of ownership

A cover note insurance policy

Visit the nearest Pos Malaysia office.

Obtain the queue number.

Sit in the waiting area while you await your number.

When your number is called, go to the counter and
renew your road tax
.

Those who have lost their vehicle grant still have the option of renewing their road tax at the Post Office. You will need your IC or passport. It is unnecessary to have the owner’s IC if you are only a representative.

Renew Online With Fincrew!

Now,
renew your auto insurance and road tax online
 and avoid the “I forgot, I was busy” excuse! To buy/renew your road tax, you no longer have to stand in line or hire a runner. Go online to
Fincrew
 and have your road tax restored within minutes.

Tags:
JPJ
MyKad
MySikap
Pos Malaysia
Road Tax
Road Tax Revenue
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Making A Third Party Insurance Claim

You might have heard about
third party insurance
. It could be you even have it as a part of your car insurance policy, but you are unsure what it means. This article will specify all details related to
third party insurance

claims
, when and how to file them. Here is what you need to know about your policy!

What Is The Definition Of “Third Party?”

The person who signs the insurance policy is the first party, while the company providing the deal is the second party. Those are the two main participants of the insurance policy. However, since car insurance deals refer to vehicle accidents involving other people and objects, we need a name for them. That’s why the industry implemented the term “third party.” If you hear “third party,” that refers to someone who participated in an accident but isn’t a part of the
insurance deal
. The third party usually suffered injuries, material, or other consequences in the incident.

Requirements For Making A Third Party Claim

You can participate in two accident types. The first one is an incident where you are to blame, and the second is an accident that wasn’t your fault. Filing third party
claims
 are only possible in the latter case, which means you shouldn’t be responsible for the accident. Another requirement is that the participant you are claiming against has a
third party policy
. That insurance is the basic one in Malaysia, so a massive majority of vehicle owners have it. You make a
third party claim
 against someone else’s policy, which means it doesn’t have anything to do with your insurance. That’s good because you can keep your
no claim discount (NCD)

How To File A Third Party Claim

It might be your first time you need to file a
third party claim
. If that’s the case, it’s vital to follow the right step. Those include:

Make sure to file a police report shortly after the accident. It should be within 24 hours of the incident. If possible, remember to take photos of the scene and the damaged vehicle. That’ll help you prove you aren’t to blame for the incident.

Talk to the other driver about their insurance policy. Once you discover the company they are insured with, find out the workshop partnered with them. Take your vehicle to that mechanic to estimate the damage costs.

It’s wise to contact a professional adjuster who will independently determine the damage costs, too. That way, you’ll know the estimate is realistic.

The adjuster creates a detailed report about the damage. That report includes actual damages to cover repairs plus compensation for the time when you can’t use your car. You will receive additional money for every day you can’t drive the vehicle.

It takes about a week for the adjuster to complete the report. Once you acquire it, deliver the documents to the
insurance company
. Please note you send documents to the agency whose policy you are claiming against!

Apart from the report, you’ll also need your
driving license
, NRIC, the police report from the actual department, and the one you made. The regulations indicate that you pay for damage costs to repair your vehicle. Once the process finishes, you receive compensation as stated in the report. If you feel like you don’t have a straightforward case, it might be smart to contact a lawyer to guide you through the process.

Tags:
Adjuster
No Claim Discount (NCD)
Third Party Insurance
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Faktor-Faktor Pengaruhi Harga Insurans Kereta

Sudah menjadi kewajipan untuk para pemandu di Malaysia untuk memperbaharui insurans kenderaan mereka pada setiap tahun bersama dengan
cukai jalan
. Tetapi, anda semua tentu perasan yang
insurans kereta
 lebih mahal berbanding dengan insurans motosikal.  Kenapa agaknya, ya? Berikut merupakan 7 sebab yang mempengaruhi harga premium
insurans kereta
:

1. Usia Pemandu

Anda mungkin tak perasan tentang perkara ini. Umur pemandu boleh mempengaruhi harga insurans kereta. Pemandu yang berumur dalam lingkungan 16 hingga 25 tahun perlu membayar premium yang lebih tinggi berbanding dengan pemandu yang lebih berusia. Ini mungkin disebabkan oleh statistik kemalangan di Malaysia yang menunjukkan pemandu baru dan pertama kali memandu berpotensi tinggi untuk terlibat dalam kemalangan jalan raya.

2. Jantina

Apa kaitan jantina dengan
premium insurans
? Berdasarkan statistik
kemalangan
 di Malaysia, kaum lelaki lebih ramai terlibat dalam kemalangan berbanding dengan wanita. Kemalangan jalan raya dikatakan menjadi penyebab utama ketiga kematian lelaki dan kelima bagi wanita. Pasti ada yang tidak bersetuju dan mengatakan bahawa pemandu lelaki lebih cekap memandu berbanding dengan pemandu wanita. Tetapi inilah kenyataannya. Mahu tak mahu, jika anda lelaki anda perlu membayar
premium insurans
 yang lebih tinggi berbanding dengan wanita.

3. Tempat Tinggal

Kalau anda perasan, kadar kemalangan selalunya adalah lebih tinggi di negeri yang mempunyai ramai penduduk dan bandar-bandar besar seperti Selangor, Johor dan Kuala Lumpur. Selain daripada kemalangan jalan raya, negeri-negeri ini juga memiliki kadar pelanggaran trafik serta vandalisme yang tinggi. Jadi kenderaan anda berkemungkinan dirosakkan secara sengaja atau pun tidak sengaja.

Berbeza pula dengan negeri-negeri yang mempunyai kepadatan penduduk yang lebih rendah seperti Perlis, Terengganu dan Kelantan. Negeri-negeri ini mencatatkan kadar kemalangan serta masalah trafik yang lebih rendah. Jadi premium insurans mereka juga lebih murah. Lagi satu, jika kawasan tempat tinggal anda itu sering dilanda bencana alam seperti banjir, anda juga mungkin akan dikenakan bayaran premium yang lebih tinggi oleh syarikat insurans.

4. Usia Kenderaan

Tahukah anda? Usia kereta yang terlalu lama juga dikenakan insurans yang lebih tinggi. Ini kerana kereta lama ini dianggap lebih berisiko untuk berada di atas jalan raya. Keadaan ini mungkin dipengaruhi oleh ciri-ciri keselamatan yang telah ketinggalan zaman serta kemungkinan berlaku kerosakan dalaman kenderaan yang tidak disedari. Terdapat juga kes di mana kenderaan lama tidak layak untuk memohon pelindungan insurans. Jika kereta anda telah berusia lebih daripada 15 tahun, polisi insurans pihak ketiga iaitu Malaysian Motor Insurance Pool (MMIP) akan memastikan kereta anda itu dilindungi.

5. Rekod Pemanduan

Semasa anda membuat permohonan untuk membeli
polisi insurans
, pihak insurans akan membuat penelitian terhadap sejarah pemanduan anda. Sekiranya didapati anda pernah mengalami kemalangan, mempunyai rekod kesalahan trafik dan sebagainya anda akan dikenakan kadar premium yang lebih tinggi. Jadi, berhati-hati dan pandu secara berhemat bukan sahaja untuk keselamatan diri, tetapi juga untuk mendapatkan harga premium insurans yang lebih berpatutan.

6. Kenderaan Berpotensi Untuk Dicuri

Ada sesetengah model kenderaan menjadi pilihan pencuri. Antara kenderaan yang berada dalam senarai Kenderaan Berisiko Tinggi untuk Dicuri adalah Proton Iswasa, Perodua Myvi, Proton Waja, Toyota Hilux dan juga Proton Wira. Jika anda memiliki kenderaan jenis ini, bersedialah untuk premium insurans yang lebih mahal.

7. Polisi Tambahan

Sekiranya anda meminta untuk membuat tambahan pada polisi sedia ada, tentulah anda perlu membayar premium yang lebih tinggi dari biasa. Tetapi, walaupun mahal pelan insurans tambahan ini tentunya akan memberikan pelindungan yang lebih baik. Sebenarnya terdapat pelbagai
pelan insurans
 diluar sana yang boleh anda pilih bersesuaian dengan keperluan anda. Anda boleh melakukan perbandingan sebut harga di Fincrew bagi mencari sebut harga yang sesuai dengan bajet serta pelindungan yang anda mahukan.

Tags:
Insurans Kenderaan
Insurans Kereta
Premium Insurans
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What Happen If My Driving License Has Expired At The Time Of Accident

If you want to drive a car in Malaysia, you need to have a valid
driving license
. The government requires everyone to renew their licenses at regular intervals? What happens if you miss renewing your license and you participate in an accident? Here are the details required to get you ready for that situation.

Not Renewing Your Driving License Is Subject To A Fine

You should make sure your
driving license
 is valid, so you are following the law. An expired license means that you are subject to a fine, which can be severe in Malaysia. According to the regulations, you might pay MYR1,000, and the potential punishment might even involve spending three months in jail. Apart from the risk of paying a fine, a valid
driving license
 provides you peace of mind. The law exists for a reason, and everyone should follow it.

What Happens If I Participate In An Accident, And My License Expired?

You might not be aware that your license expired because you forgot to check the date on it. Perhaps it slipped from your mind to renew it. However, the law doesn’t care about the reason, and the important thing is that your license is not valid at the moment of the accident. Now, let’s imagine that you were driving the vehicle and did everything by the book, but someone hit you from behind. It is always better not to be at fault for the accident, especially since that means the
insurance
 will cover any damage. But is that true? It is tough to render an accurate answer because it might depend on the insurance company and policy you choose. That is why the best thing you could do is to read the terms and conditions of your deal. You want to look for the part with the exceptions to the policy. Many agencies won’t compensate for the damage if your driving license isn’t valid. It means that the driver who participated in an accident without a license won’t receive compensation for the damage. There were few exceptions made by the
insurance companies
 in the past, which is why reading the terms of your deal is the best answer we can give you.

What If Somebody Else Was Driving The Car?

Let’s say that you participated in an accident, but a friend was driving. The
insurance companies
 and the police will always consider the license of the person who was behind the wheel. That means your
insurance policy
 will be valid in this case. The expiration of your driving license doesn’t breach your
insurance policy
. It is you driving the car without a valid license that could be a breach of the deal.

COVID-19 Pandemic And Why Expired Driving Licenses Are Valid In 2020

While the COVID-19 pandemic affected the entire world, the Malaysian government are trying their best to get their acts together with the movement control order (MCO). At the moment, we are in the Recovery Movement Control Order (RMCO) time. According to the information provided by the authorities, you are not obliged to renew your license until RMCO is active, which will be until 31st December 2020. That means the law will treat your license as valid even though it expired. However, please note that you will have 30 days from the last day of RMCO to renew the document.

Tags:
COVID-19
Driving License
Movement Control Order
Recovery Movement Control Order
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Drunk Driver Hit My Car

Every time somebody loses their lives due to
drunk driving
, this sparks Malaysia’s interest. The statistics don’t seem encouraging since more than 1,100 people lost their lives due to
drunk driving
 from 2011 to 2018. Fortunately, it is more often than a person driving under the influence causes car and property damage. What should you do when your automobile gets hit by a
drunk driver
? Here is a detailed guide on how to act in these situations.

The Better Scenario: The Driver Is There and Ready to Admit Guilt

Nobody likes to participate in an accident, and especially not to get hit by a
drunk driver
. The best scenario that could happen is that the incident is minor and that the other car’s driver is at the scene. That might mean they hit you from behind while you stopped at an intersection. We will assume that it is their fault. The first thing you want to confirm is that no one is injured. If the only damage is the one to your car, try to communicate with the other party. Are they too drunk and not capable of communicating properly? If they seem impolite, do not hesitate to call the police right away. It will be far easier if the driver knows that they
caused the accident
 and is willing to blame the damage. Always insist on making an incident report, and don’t forget to take photos of the scene. That way, you will have proof about who caused the damage. It could prove useful if the other party changes their story and refuses to accept the blame later.

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The Worse Scenario: The Driver Is Not There

Here is a hypothetical situation – you park your car in a parking spot to go for a walk. Once you return to the vehicle, you realize someone hit you. They ran away from the scene, which is an automatic sign that they refuse to take the blame. You can look for a note on the vehicle to see if the driver left the contact information. If that is not the case, here is what you need to do:

Contact the police immediately. You want to report the incident, and the police can also assist you in filing everything properly. The police will try to find the car owner by looking at the surveillance cameras at the spot.

You can help the police by asking around to look for potential witnesses. If anyone saw what happened, ask them to give a statement to the police. It could help in finding the person that caused the accident.

Use your smartphone to take photos of the accident. Make sure not to move your vehicle before the police arrive. Take multiple images from different angles to get an accurate portrayal of the damage.

Once you have the other driver’s information, it is time to file a report against their
insurance company
. To do that, you should first get a car to the workshop to get an appraisal and fix the damage. Based on the paperwork provided by the mechanic, you will now the compensation sum to demand. The
claim
 must be as detailed as possible. Contact the company to find out everything that they require for
filing a claim
. Make sure to file it within the specified timeframe. If you don’t have the information about the other party, you can try filing a
claim with your insurance
 company. The claim might be approved if you have the option to claim a No-Fault OwnDamage (NFOC) claim.

Tags:
Driving Under The Influence (DUI)
Drunk Driving
NFOC
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Guide To Make a Claim If The Insured Person Is Dead In An Accident

It is deeply upsetting and shocking to lose someone you love in a fatal accident. Even though no amount of money can compensate you for the pain you feel, compensation for fatal accident injuries can give you some financial relief so you can focus on more important matters.

Who Can Make a Claim For The Deceased

Dependents of a deceased person might
file a claim
 for compensation under the Fatal Accident Act if somebody else’s negligence or error caused the accident. Dependents include:

The spouse or ex-spouse

Someone who lived with the deceased for the past two years before passing

Children by blood, as well as descendants through adoption, marriage, or civil partnerships

Ascendants of the dead, including grandparents, great grandparents, and relatives whom they treated as parents

Cousins, aunts, uncles, nieces, nephews

When A Fatal Accident Occurs, What Can You Claim?

Each case is unique. The amount of compensation you are entitled to may vary depending on the circumstances surrounding the accident and other factors. You can get payment from a
personal accident insurance policy
 for the following items in case of a fatal accident:

Pain, suffering and loss of facility of the deceased – If the deceased suffered a disease, such as an asbestosis or were bedridden due to medical negligence, this claim would compensate them for the pain and suffering they endured while alive.

Actual losses incurred – This component includes payment for actual expenses incurred for the injured person and any administrative costs incurred in the event of their death. As a result, they
cover basic expenses
 incurred like hospitalization, nursing care, medications, housing adaptations, and travelling expenses. Also included are funeral expenses.

Loss of earnings – If the death wasn’t immediate, they consider the loss of profits because of unemployment.

Loss of services – The family can also
file a claim
 for compensation for the loss of services provided by the deceased, such as childcare, housework, gardening, etc. They may consider the cost of hiring an alternative caregiver if the dead person was caring for another sick family member.

Dependent losses – This is often the most significant component of compensation claims resulting from fatal accidents. It applies if the deceased had dependents depending on their income, such as a spouse, minor children, or elderly parents. The amount will depend on the deceased’s income. In addition to lost pension benefits, the calculation may also include healthcare benefits, the use of a company car, and mobile phone usage.

How To Make a Claim

A
claim
 is against the vehicle owner or driver that caused the accident, and the insurer of that vehicle handles it. To
claim
, you must:

Notify the police in writing about the accident

Find out what car caused the accident by obtaining its registration number.

Get a claim form from the insurer of the vehicle that caused the accident.

To discover the vehicle’s registration number that
caused the accident
, contact the police, speak to witnesses, or publish an advertisement in your local newspaper asking witnesses to contact you. After trying everything to locate the vehicle’s registration number involved against the Nominal Defendant, there comes the claim if the car is ‘unidentified’. A claim can also be filed against the nominal defendant when the vehicle causing the accident is unregistered.

Tags:
Dependents
Fatal Accident Act
Insurance Claims
Nominal Defendant
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