Different Types Of Insolvency

A company or individual becomes insolvent when they cannot pay their debts due to financial hardship. An individual or company facing
insolvency
 can take advantage of several
insolvency
 procedures to manage the situation well. When such an issue arises, you should contact the Insolvency Service, which oversees financial failures. You should also seek expert advice when dealing with insolvency. When it comes to managing bankruptcy, there is a lot of jargon, information, and policies to track. To help you better understand the various insolvency proceedings, we have highlighted the six types of insolvency and explained what each means.

Bankruptcy

If a person cannot pay back their debts, one option may be to file for bankruptcy. The bankruptcy process only applies to individuals, sole traders, or partnerships. The whole process usually takes 12 months, after which the debtor (the person who owes the money) is discharged. Insolvency under this type is legal and should not be regarded as a simple solution to financial problems. We recommend that you talk to a specialized bankruptcy team to determine whether any alternatives would be more appropriate for your situation.

Individual Voluntary Arrangement (IVA)

As an alternative to
bankruptcy
, IVA is an arrangement between individuals and their creditors. They present creditors with a copy of this agreement, and if they accept it, it becomes legally binding. Individuals can continue trading after entering an IVA, making it more attractive than filing for
bankruptcy
. This type of insolvency may be best for those with regular household incomes. Rather than paying more than they can afford for some time, the individual only pays what they can afford once the IVA is over.

Company Voluntary Arrangement (CVA)

This option can help ensure the survival of a
business
 while allowing the directors to remain in control. The CVA is similar to an Individual Voluntary Arrangement (IVA), a formal agreement between business owners and creditors whereby debtors pay a specific amount over time. The arrangement will become legally binding if the creditors accept the proposal. Any outstanding debts are written off at the end of the CVA period. For a business to enter a CVA, it must return to profitability and have a viable future. A CVA may be the best option if you are willing to fight for your company’s survival.

Compulsory Liquidation

It is winding up a partnership or a company through a court order (winding-up order). A petition is usually filed by a creditor who alleges the company owes them money and cannot pay it. Usually, when the order is made, the Official Receiver becomes the liquidator, but an Insolvency Practitioner will take over if there are significant assets. Liquidators are responsible for realizing the company’s assets, paying all fees resulting from the liquidation, and paying creditors in strict priority order,
provided funds
 allow.

Creditors’ Voluntary Liquidation (CVL)

In this way, a company can close while handling the process legally and adequately. Whenever a company is in danger of insolvency, its directors must cease trading and seek professional advice. Ultimately, a CVL may be the best course of action if this company does not have a viable future or cannot return to profitability. A director may not have to pay to liquidate a limited company if the process is done correctly at the earliest possible time. If the process is done correctly, they use assets to pay for insolvency. In contrast with compulsory liquidation, shareholders can wind up their company without a court order. Shareholders will appoint a liquidator, who will be responsible for paying all fees associated with the liquidation process. Furthermore, the liquidator must pay creditors according to the company’s budget.

Administration

The administration is a procedure for limited companies and partnerships that may get the company out of trouble and back to trading as quickly as possible. Administrators can be appointed to companies that cannot pay their debts or are likely to do so shortly. A court may select one (on request from a creditor, director, or partner), a creditor who holds a qualifying floating charge over the business, or a company director. The primary objective of an administrator is to keep the company operating. Even if this isn’t possible, the administrator will get creditors a better result than if the company was wound up. The administrator will sell the company’s assets if neither of these alternatives is possible to pay at least some secured or preferential creditors, such as the bank or employees.

Tags:
Bankruptcy
Company Voluntary Arrangement
Compulsory Liquidation
Creditors' Voluntary Liquidation
Individual Voluntary Arrangement
Insolvency
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Ensure Your Camera With Gadget Insurance

Imagine this for a moment. Your DSLR camera captures the street’s full view from the top of a building for a client. When you are finished taking different shots, you head back to your studio to sort through your pictures. Upon entering the studio, you realize your camera had been stolen. Oh no! If losing pictures weren’t bad enough, you also have to buy yourself a new camera. Fortunately, you can have your gadget insured through a
Gadget Insurance
 Policy, which means you’ll be able to avoid this painful situation in the future.

Benefits Of Gadget Insurance

As there are many risks associated with transporting and using the cameras, having
gadget insurance
 makes you feel protected to focus on what you do best with confidence. Below are a few benefits you can enjoy when you have such coverage:

Equipment damage/loss as a result of a fire

An electronic or mechanical failure causes the system to break down

User-caused accidental damage

Total loss
 as a result of theft

Damage caused by
riots or strikes
 to the gadget

The amount insured is based on the camera’s market value/purchase price. Whenever a unit is destroyed, the insurer is responsible for replacing it with a new one, including freight, customs duty, and all other costs incurred in purchasing the latest equipment.

Gadget Insurance Exclusions

This
insurance
 policy does not cover damage/loss for the following reasons:

Normal wear and tear

War or a situation that resembles a war

A user’s deliberate negligence

Defects in manufacturing and consequential losses

Climate-induced degradation

The unit’s maintenance costs

A functional failure covered by the warranty

Flaws present at the time of purchase

Terrorism

How Do I Insure My Camera?

You can easily insure your camera with
Fincrew gadget insurance
! To get a basic policy, all that you need is to go to fincrew.com, answer a few questions, and get insured in seconds.

Why Choose Fincrew Gadget Insurance Policy?

Fincrew gadget insurance policy provides
comprehensive coverage
 on a wide range of electronic equipment such as laptops, mobiles, and cameras. Coverage offers compensation based on the
sum insured
 against loss or damage of the gadget. Fincrew Insurance also provides the following benefits.

One Policy For Multiple Devices

There’s more to photography than cameras. With Gadget Insurance, you can cover most of the technology appliances you need.

Capturing the World

We offer worldwide coverage, so you can jet-set the world taking pictures and not be concerned about being covered.

Package For The Whole Family

With our Family Bundle, you can save money on other family members’
cameras
 and other gadgets you need protecting.
Cameras
 aren’t Waterproof. Some indeed are. Hopefully, yours is waterproof, but if it isn’t and you drop it in a lake while getting that perfect shot, we’ll cover the damage under our liquid damage coverage.

Fincrew Available 24/7 And In-house Claims Team

It is impossible to predict when a problem may occur, Fincrew is online 24/7 is always available to assist you no matter is product information or
claim assistance
.

Tags:
Camera Insurance
Comprehensive Coverage
Gadget
Gadget Insurance
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Procedure To Follow When You Meet With A Road Accident

Being involved in a
road accident
 is one of the worst nightmares of many drivers, and it can be hard to deal with. Though there is no such thing as a “worry-free accident,” knowing the right steps to take to get the insurance claim process started after the
car accident
 is very important.

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Here are the steps you should follow in case you are involved in a car accident.

Step 1 – Stop your engine, be calm, and don’t panic.

Switch on your hazard warning lights and your headlights and get out of the vehicle if you can. Then check if anyone is injured and call the emergency services in case anyone needs medical assistance. Call the police and report the accident.

Step 2 – Don’t blame anyone or accept blame for the accident.

Even if the accident is not your fault, accepting blame to be polite or offering settlement to be courteous could come back to bite you later on. Your
insurance
 company will iron out all the nitty-gritty later.

Step 3 – Gather all necessary information and details about the accident.

The following details should be taken down:

The personal particulars of the driver(s) involved in the
road accident
 – name(s), IC number(s), address(es),
driving license
 number(s) and telephone contact(s) (if possible)

The name of the
insurance company
 and Make/model and registration number(s) of the other vehicle(s)

Registration number of
tow truck
(s) (if any)

The precise location of the accident occurrence

The speed you were driving and date and time of the accident

Weather and road conditions

The arrival time of the police, as well as their name and badge number

Any Witnesses (if possible get their names and contact details)

Step 4 Take photographs of the scene.

Photographs are proof of the accident, and it must include the other driver(s) car, license plates, any havocs done on both vehicles, the directions both vehicles were traveling, and traffic signs. It tends to be difficult to recall these details even a couple of hours after the incident, and the photographs can be helpful to both your
insurance company
 and the police.

Step 5 Make an accident report.

Make sure the accident report includes all officers’ names, badge numbers, and contact information. This information is particularly useful for your potential
insurance claim
 and can help back up the sequence of events should you end up in court.

Step 6 Call a tow truck.

If your car is unsafe to drive, call either your insurer’s roadside assistance service (if provided) or Accident Assist to get your car towed to the nearest panel workshop for repairs and back home safely.

Step 7 File a claim.

File a claim
 by notifying your insurance company as soon as possible. Most policies need you to report the incident immediately. Please take note, do not sign any documents from the other driver’s lawyer or insurance company, your insurance company will take care of this for you.

Step 8 Take care of yourself.

Most times, the physical and emotional injuries caused by
car accidents
 are not immediately apparent and can be different for everyone. Before you rush back to your daily routine unless you are entirely sure you were not injured, you should seek medical attention.

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An
car accident
 can leave even the most prepared driver drained, however following these steps may help shield you from needless worries. That way, you can concentrate on working with your insurance company to get your car fixed with no trouble and as fast as could reasonably be expected.

Tags:
Car Accident
Road Accident
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Car Cleaning Guide

Cleaning
 a car may seem like a difficult task for some people, but it is an important task, especially for drivers. So, if you are a driver or private car owner who understands how your car looks says a lot about you, here are some tips for you.

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Where To Start From

When you are ready to wash your car, it is advisable to start washing the interior before washing the body.
Cleaning the interior
 part of the vehicle is as essential as the body, especially during an era when COVID-19 has continued to infect people worldwide. We all must play our role in reducing the spread of the disease. While
cleaning the interior
 of your car, it is imperative to remove dirt from every part of the motor where dust and dirt could mar. The details of the vehicle that should not be left uncleaned includes:

Seats,

Steering wheel,

Carpets,

Ignition, and power button,

Dashboard,

Air vents,

Gear stick,

Radio,

Seatbelts and clips,

Seat adjust controls,

Headrests,

Roof and doors,

Central storage,

Cup holder;

Bonnet, boot, and tank release lever,

Interior lights, etc.

Things To Remember

The interior of the car should be cleaned with your towel or cloth. You should not pour water inside your vehicle to avoid irritation, but can be done by dipping your towel inside the water and squeezing a bit before
cleaning
. You can use disinfectants while
cleaning
 the interior of your car to prevent germs.

Guide For Washing The Body

Cleaning the body of your vehicle increases prolongs the life of the vehicle. It retains the bright look of the car and equally increases its resale value.

Keep Some Sponge Of Cloth Specifically For Your Car

It is always good to keep specific sponges or cloth for your car because sponges and towels or cloth often retain pieces of grit easily, and if not careful, it can cause damage to the look of your vehicle by scratching. So, it is better to keep a towel or sponge specifically for that purpose.

Wash From Top To Down

It is essential to wash your car from the top down to make the task easier and faster. Washing the car from the top down allows water to drip over the vehicle’s lower parts while washing the upper part. This would prevent you from having to clean the same part over again.

Do Not Forget The Wheel

After washing the body of your car, don’t forget to clean the tires as well. The tires should be washed with a brush to help remove dirt adequately. The tire rims must also be washed to give the desired look.

Rinse As You Wash

Instead of washing the whole
car
 with soap at a go before rinsing, it is better to rinse as you wash. The vehicle can be washed in sections – roof, front windscreen, bonnet, right side, etc. when a part has been washed, and it should be rinsed immediately to give a professional look afterwards.

Do Not Leave It To Dry Naturally

Leaving your car to dry naturally after wash could cause streaky watermarks that may not seem appalling to you. To avoid this, ensure to dry it with your towel after wash. That gives it the desired look by removing the potential streaky watermarks.

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Things To Take Note

Make sure you clean the full length of all control stalks for indicators, headlights, and windscreen wipers. Washing your car allows you to pay extra attention to specific areas of your vehicle that are incredibly dirty and enables you to retain the perfect condition of the vehicle’s look.

Tags:
Car Cleaning
Car Maintenance
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How Do You Choose Your Auto Insurance Provider?

In today’s world, many insurance companies took advantage of the gap in most insured parties’ knowledge and reaped a large amount of money off them. Many vehicle owners don’t like to hear this, but it’s true. But how can you change that narrative and still get quality
insurance
 that meets your needs? Is there a way to find and choose insurers that the premium you paid will be worth every dime? The good news is, there is! It requires a bit of work, though, but in the end, you’ll be glad you put in the effort.

Hello there! My name is
Stella
, I’m Fincrew brand ambassador and the spokesperson for this
Insurance360 video series
 by Fincrew, and I’ll be guiding you through all you need to know and avoid when choosing the best
auto insurance provider
 for your coverage. Don’t fall behind on any relevant insurance update! Information like this is what makes the difference in what you pay for
coverage
! Get the latest info on what’s what from our
Insurance360 Video Series
! Simply click on the Subscribe button and enable notifications to make sure you’re kept in the loop. So now that you’ve done that, let’s get to the big question;

How Do You Choose The Right Auto Insurance Provider

Truthfully, a lot goes into this decision than you might think. However, we’ve broken everything down into easy bits you can quickly grab. Simply follow our guide to finding the right coverage for your vehicle!

Tip number 1 – Determine What Type of Coverage You Need

Many vehicle owners rush into contacting insurers without first finding out what type of coverage they actually want. This can be a huge mistake as it leaves you entirely susceptible to any random recommendation the insurer you contact makes. Before reaching out to anyone, first, make sure you know the types of coverage out there, and you’ve picked one that suits you best. This’ll help better inform your decision on which insurer to go with.

Tip number 2 – Don’t Pick The First Insurer You Talk To

No matter how attractive their premium and coverage sound, do not go with the first auto insurer you run into. Take your time to research as many alternatives as you can before settling for the best one. As a side note, be sure you pick
insurers based on more relevant criteria
 than how cheap they are. True, price is important, but there are several other variables you should consider, too.

Tip number 3 – Go Through Your Policy

This is stressful and time-consuming, we agree. But, it’s a must if you want to make sure you’re choosing the best
auto insurance provider
 for your vehicle. Insurance is what determines just how much you spend in the event of an accident. So, it’s always advisable to precisely know what circumstances you’re covered for and which you need to get add-ons. It is also only through going through this document; you can determine whether you’re comfortable with the policy in its entirety. If you find a clause you’re not okay with, it’s easier to reach out to the insurer to discuss it before committing yourself.

Tip number 4 – Learn How Filing Insurance Claims Work

No one hopes to get involved in an accident of any sort, true, but it’s always better to know how the process of
filing a claim
 works with your chosen insurer, so you’re better prepared, should you ever need to. To find out more helpful tips on how to get the right
insurer and policy
 for you, make sure you’ve liked this video, Subscribed to Fincrew official video channel, and enabled notifications settings. Thanks for watching, see you next time!

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Tags:
Auto Insurance
Coverage
Insurance Claims
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Some Example Of Accidental Injury

The
accidental injury
 usually refers to injuries sustained accidentally or due to external, violent, and unanticipated causes. These injuries, for instance, are unintentional and come as a result of external force and against the normal flow of events. A fall, a burn, a road accident, a bite, a sting, or drowning could cause accidental damage. Almost anyone can be injured in an accident, a significant cause of death. The effects of an accident resulting in injuries such as slips and falls,
car accidents
, or trips can have a devastating impact on an individual’s life in terms of physical pain, financial stress, and emotional turmoil. Such injuries are under individual accident
insurance
.

Example Of Accidental Injury

Ahmad got an injury in an automobile accident. One of the other vehicles hit his car. As a result, Ahmad was cut, bruised, and had a fractured skull. The case was critical and required immediate surgery, which cost approximately RM 3000. However, he avoided such a hefty cost due to his accident insurance policy. Under the policy, all medical expenses and lost income and repaid up to the
sum insured
 limit. Pedestrian accidents and road accidents can result in severe and even fatal injuries. If you are injured, a
personal accident insurance
 policy can protect you from spending all of your savings.

Benefits Of Personal Accident Insurance

Many people overlook the importance of accident insurance, mainly because they don’t understand its significance. However, it would be best if you also considered the safety and security of your family and how they can continue to support themselves financially in the event of something untoward happening to you. In the case of an accident, your income would be affected. The family members will have difficulty meeting expenses if they have any liabilities, such as a home
loan
. The treatment will also cost money. Therefore, you must purchase the best accident insurance if you do not want your family to be in such a financial bind. Here are some
benefits of personal accident insurance
:

Peace Of Mind And Safety For Your Family

Having a severe accident that causes death or disablement would significantly impact your earnings potential. With an accident insurance policy, your family will be protected financially in the form of
accidental injury
 compensation. In case of death, the insurance company will pay 100% of the claim. If the family has any liabilities (if any), use the amount to pay them off and maintain a normal lifestyle. Therefore, you can assure that your family is financially secure even while away.

There Is Little Documentation

Many people avoid purchasing insurance because they believe it is a complicated process involving much paperwork. Do not worry about paperwork when
buying personal accident insurance
. You will have your policy after receiving basic information in the application.

Medical Testing Is Not Necessary

It is yet another advantage of having accident insurance. The policy does not require you to undergo any tests, unlike health insurance, which requires you to submit to tests before it can be issued.

Claim Processing Is Easy

The easy claim process is one of the most critical factors that most insurance buyers look for when buying
personal accident insurance
. It’s easy to
claim
 no matter which policy you choose. Once the insurance company verifies your claim, the claim amount is complete once they apply to the company (either online or offline).

Personal accident insurance from as low as RM8 per month.

Final Thought

As important as providing your family with financial security if you die, you should also think about what they would do if you were injured and permanently disabled. It is why accident insurance is essential. Therefore, before signing the policy, ensure that you understand its inclusions,
exclusions
, and other terms and conditions.

Tags:
Accidental Injury
Personal Accident Insurance
Personal Accidents
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Why Did My Auto Insurance Company Raise My Rates?

Maybe you’ve had this auto insurer for a while now and everything seems great. You haven’t encountered any issues in terms of communication and when trouble does happen, they come alive to their responsibilities quickly. All of a sudden, you discover that your
auto insurance
 rates have risen through the roof! What could be wrong? Is there anything you can do about this? How about deciding between the ideal insurance providers for your car?

Hi there! I’m Stella, Fincrew brand ambassador, we’ll find out all the possible reasons for your premium spiking out of the blue! Unravel the secrets behind auto insurance in Malaysia and leverage this knowledge to make better decisions with your insurance through our Insurance360 Video Series! These videos focus on making automobile insurance easy for every vehicle owner. Join our ever-growing community by clicking on the Subscribe button. Also, turn on your notification settings so none of our updates slip past you! While several variables can cause your
auto insurance
 rates to spike without warning, here are the most common culprits.

Culprit #1 – Providing Inaccurate Information On Your Policy Application

Several severe consequences might come about due to your filing mismatching information on your
insurance
 application form. In addition to the possibility of having your coverage completely withdrawn, it could cause your premium rates to increase. For example, let’s assume you own a 2016 Mazda CX but through an oversight on your part, you filed 2014 Mazda CX. You would likely enjoy the cheaper rates that an older model affords you until your insurer discovers the error. This will cause them to promptly review your
insurance rates
 accordingly.

Culprit #2 – You Relocated

You might be surprised to discover that what you pay as auto insurance can vary rather drastically from one state to another. One reason for this is the varying traffic statistics of each state. The more populated a location is, the higher the risk of auto crashes associated with it. So if you recently moved to a more urban or commercial location, that might be the reason you have to pay more for your coverage.

Culprit #3 – You Recently Got In An Accident or Traffic Violation

If you were recently involved in an accident and was adjudged to be the at-fault party, then, you have just successfully pinpointed the reason for the hike in your
insurance rates
. With auto insurance, you are considered high risk if you make at-fault
claims
 regularly. The same is true if you are caught with traffic law violations such as over-speeding or driving under the influence. Your insurance interprets this as an increased liability and will review what you pay as coverage to compensate for the new development.

Culprit #4 – Your Discounts Or Bonuses Are No Longer Valid

Discounts play a big part in reducing what you pay for auto insurance. So, should you forfeit one or more of these, your premiums might increase.

There you have it–the reasons why your insurance provider might raise your
insurance rates
. Want to find out more causes for the rise in your premium rates? Or know more about other
insurance buys and tips
? Then, don’t forget to subscribe and enable notifications for our channel! See you next time!

Tags:
Auto Insurance
Insurance Policy
Insurance Premiums
Insurance Rates
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Demystifying Homeowners Insurance: Everything You Need to Know

For the most part, people don’t think about insurance until they need it. However, knowing what your
homeowners insurance
 policy covers and does not cover can mean the difference between rebuilding your home and replacing your personal effects. In addition, homeowners need to do annual insurance policy “check-ups” to keep up with local building cost increases, home renovations, and inventory updates.

What Is a Homeowners Insurance Policy?

The
homeowners insurance
 policy will compensate you if you suffer damage to your home or personal property due to an event covered under your policy. The policy also covers you if you cause
property damage
 or injure someone else. Even though homeowner’s insurance policies are infinitely customizable, they also have some standard provisions that outline the costs the insurer will cover:

Exterior Or Interior Damage To Your Home

Damages caused by fire, hurricanes, lightning, vandalism, or any other covered disaster will be compensated by your insurer so that your house can be repaired or even completely rebuilt. However, floods, earthquakes, and poorly maintained homes are generally not covered and may need a separate rider if you want to insure these items. Similarly, a detached garage shed or other structure on the property may need to be covered separately, using the same guidelines. Most items in your home are insured if destroyed in a disaster. It includes clothes, furniture, appliances, and other contents. There are even policies offering “off-premises” coverage, so you can
file a claim
 for lost jewelry, for example, no matter where you lost it.

Personal Liability For Damage Or Injuries

You are protected from lawsuits filed against you if you have liability coverage. Your pets are also covered under this clause. Thus, if your dog bites Doris, whether the bite occurs at your house or hers, your
insurance company
 will cover her medical expenses. In addition, if your kid breaks her Ming vase, you can file a claim for reimbursement. Even if Doris slips and lands on the vase pieces and successfully sues for pain and suffering or lost wages, you’re still covered for those losses, just as if it was someone who fell on your property.

Rental Of a Hotel Or House While Your Home Is Being Repaired Or Rebuilt

Hopefully, you will never be in such a situation, but it will be the best
insurance
 you’ve ever had if it does happen. The additional living expenses portion of your coverage would pay for the rent, hotel room, dining out, and other incidental costs you incur during the waiting period for your home to become habitable again. If you plan to book a suite at an expensive hotel, please remember that the policies have strict daily and total limits. Those daily limits can be increased if you are willing to pay more for coverage.

What Does Homeowners Insurance Not Cover?

Generally,
homeowner’s insurance
 will cover most scenarios where a loss could occur, but certain events, such as natural disasters, are not typically covered. Are you at risk of floods or hurricanes where you live? How about earthquakes? For these, you’ll need riders or a separate policy for earthquakes or flooding. Additional coverage is available for sewer backup and drains backup, and you can even add identity
theft
 coverage for reimbursement of expenses related to identity theft.

You can’t expect your
homeowner’s insurance
 company to give you a check for the amount of your policy if your home is destroyed. The payout is directed to contractors, depending on the cost of selected reconstruction and the
insurance coverage
. A crucial decision is choosing coverage that will cover the total cost of rebuilding your home, even if costs exceed your policy limits.

Tags:
Homeowners Insurance
Insurance Policy
Legal Liability
Liability Cover
Personal Liability
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Insurance Contract’s Essential Elements

Are you getting ready to sign an
insurance contract
, but you are unsure if you understood it correctly? Although there are some specifics depending on the
insurance type
 chosen, most deals have the same essential elements. We designed a guide to ensure you better understand them before signing. Here is what you should know about the integral elements of your
insurance contract
!

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The Basics Of Every Insurance Contract

Here is how the process of signing a contract works and what are its basics:

Offering and accepting the offer – it’s interesting to note that you are the one offering an insurance contract. You make the first move by completing a form and sending a proposal to the agency. They can accept or get in touch to arrange specifics before accepting.

Consideration – as the policyholder, this is the sum to pay to activate the contract and keep it active for the specified timeframe. The sum you pay is called a premium. As for the
insurance company
, they consider the compensation required if you decide to
file a claim
. The consideration ensures that both parties contribute to the deal with a specific value.

Legal purpose and capacity – the first thing to ensure is that your contract will follow the law. It’s vital that you meet the age and other requirements to sign the deal.

The Indemnity Principle

Here is another essential element of a vast majority of insurance contracts. The indemnity principle ensures that your potential losses will be counted in the agreed currency (real money value). The primary purpose of this principle is to return you to the identical financial position you found yourself before filing the claim. For example, if someone steals your 10-year old car, no insurance agency will replace it with a new model. Instead, they will pay you the agreed or market value of the vehicle. While we are talking about potential compensation sums, here are some other essentials to learn:

Deductible – it is the sum that can
lower the premium
. You agree to pay the agreed deductible amount first, and then the
insurance company
 jumps in for the rest of the compensation sum. If the deductible is MYR10,000, but the damage is MYR50,000, that means you pay the deductible, and the insurance adds MYR40,000.

Under-insurance – another thing that can decrease the premium. It involves agreeing to a compensation lower than the estimated car or property value.

Excess
 – it’s compulsory if the driver is younger than 21, has an L or P license, or isn’t a named driver in the policy. That excess involves RM400.

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What Other Insurance Contract Essentials You Should Know?

Here are some other elements that every insurance contract should have:

 The policyholder’s insurable interest – if you want insurance on your vehicle or property, you must prove it is a legal, financial liability. Proof of ownership is often sufficient as it shows that you want insurance to protect your assets.

Good faith – this is a doctrine used in various insurance categories. It implies the policyholder should be honest and provide accurate information on their application form. They shouldn’t hide important info regarding the policy. The
insurance company can reject your claim
 compensation if you provide inaccurate info.

Non-claiming discount – it is often approved on
car insurance policies
 if you don’t file a single claim while it’s valid.

Add-ons – these are special additions included in your insurance contract, such as windscreen and
named driver
 coverage.

Tags:
Insurance Claims
Insurance Contract
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Can Car Rental Accident Claim Affect My Personal Insurance?

Yes,
car rental
 insurance claims can affect your personal insurance even if you were driving a rental car at the time of mishap. Having to deal with a rental car accident might be the last thing on your mind. However, that doesn’t mean you shouldn’t be prepared. Though handling rental
car claims
 is similar to what you’d do if it’s your own vehicle, it’s essential to follow the proper protocol to avoid mix-up and needless paperwork.

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What Happens To My Personal Insurance If I Claim Car Rental Insurance?

What will happen to your personal
insurance premiums
 if you get into an accident in a rental car depends on how you insured your rental car. This will determine whether your
insurance rates
 will go up after or not. If you use your personal
car insurance
 for the rental car, your premiums will likely go up. Even though the
rental car
 doesn’t belong to you. This is because if you were using your personal auto
insurance as coverage
 for the
car
 rental, you’d have to file a claim with your insurance company — and when you do, you risk a premium increase.

If you purchased
rental car insurance
 and then got in an accident, your personal auto insurance company may not raise your premium since you will not file a claim with them. However, it’s imperative to note that it will be on your record once you submit a police report for the accident. Just because it doesn’t immediately increase your
auto insurance
 premiums doesn’t mean it will not change in the future. If you apply for new
car insurance
 afterward, the accident will show on your record, which could imply a higher premium when shopping for further coverage.

Will My Rates Go Up For A Secondary Coverage?

If you bought a secondary coverage for the rental car, that means your
personal car insurance
 will pay for the damage first, before your secondary rental insurance coverage kicks in. Since your own
insurance company
 still has to pay, your premium may go up. The same scenario applies to
rental car insurance
 through your
credit card
. If you use your credit card insurance as your secondary coverage for the rental car, you will still have to file a claim with your personal insurance company, which may raise your rates.

Compare and apply for the best credit cards

This Is What You Should Do If You Got Into An Accident With A Rental Car

Getting into a
car accident
 can be terrifying and confusing, particularly if you’re driving an unaccustomed car. Should you get into a car accident while driving a rental car, follow the standard procedure you would if you were driving your own vehicle. That is making sure everyone is ok, documenting the accident, calling the police, exchanging contacts with the other, etc. These are all similar steps you’d take if you were driving your own vehicle, however with a rental car, there is some extra paperwork you may need to deal with. You will need to call your car rental company as soon as possible and inform them of the accident. Ask them how to proceed and make sure to read the fine print of your personal insurance plan and the rental company’s insurance.

Tags:
Car Accident
Coverage
Personal Insurance
Rental Car
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If You Traveling, Do You Use Travel Insurance?

As you are hiking through the rainforest in Costa Rica, your foot catches on a liana vine, and you fall to the ground. As your ankle swells alarmingly, you manage to hobble back to the jeep and make your way to the nearby private hospital. However, when the hospital staff saw your Malaysian
health insurance
 card, they shook their heads. It’s either cash upfront or nothing. You’ll find this happens more frequently than you think. Travel does not always go according to plan. Having
travel insurance
 while traveling overseas is as essential as having a passport. It protects you or your family from
financial
 hardship if things go wrong. It would help if you had
health insurance
 no matter where you live, what you do, or who you are.

Travel Insurance For Local Travel

The Importance of Travel Health Insurance

If you need medical attention while traveling,
travel insurance
 is essential
. The cost of healthcare overseas can be relatively high. In most countries, you cannot get free care or subsidized care. It is your responsibility to pay the total price or your insurer’s responsibility. A basic travel insurance policy covers the following medical situations:

Medical treatment in an emergency.

Assistance with general medical needs.

Helicopter or ambulance transport of patients to hospitals.

Injury and accident reports, unless they are related to an excluded activity.

In case of an injury or death by an excluded activity,
coverage
 may not be available. As an example, most policies
cover damages
 related to broken bones. However, if you broke your leg while skiing and your policy excluded skiing, you will not be covered. You are unlikely to be covered by an insurer if you go to a destination where the advice level is ‘Do not travel.’

Exclusions for Health Claims

Pre-existing physical and mental health conditions are usually not part of
comprehensive travel insurance
 policies. If you pay extra, some
insurance companies
 will cover you. Among the most common exclusions are:

Osteoarthritis and joint problems

Lungs and breathing conditions

A cancerous tumor

Blood and circulatory conditions

Diabetes

Disability

Heart condition

Kidneys or liver diseases

Psychiatric Disorders

Pregnancy

Diseases and viruses

Travel Insurance for Valuables and Baggage

If you lose your baggage or valuables, travel insurance can replace them. You may be able to get reimbursed for damaged, lost, or stolen things if you’re insured. If you need a replacement while you’re away, some insurance companies will arrange it for you. Insurance can cover the following items:

Electronic devices. It could be anything from smartphones to computers to cameras;

Personal items such as clothing, toiletries, and toiletries;

Jewelry and other valuables like rings, necklaces, watches, etc.;

Money. Usually, it is a minimal amount.

Sporting equipment. Skis, surfboards, and hiking gear all fall into this category.

Exclusions for Baggages and Valuables

Your policy may be affected by the circumstances in which your
property damage
 occurred. It is unlikely that you will be covered if you broke local laws at the time of the incident. It can include riding a moped without a helmet. When you are under the influence of alcohol, most insurers will not cover your property. If the incident happened while you were doing an excluded activity, your items wouldn’t be covered. For example, no
insurance claim
 processing if your policy excludes riding motorbikes and you lose your phone while riding. In most cases, unattended baggage, even if you turned your back for just a moment, when stolen.

Tags:
Health Insurance Card
Travel Health Insurance
Travel Insurance
Travel Insurance Benefits
Travel Insurance Claim
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How To Claim Car Insurance For Pothole Damage?

If you’re driving in good visibility during the day, avoiding potholes is relatively simple – if you’re paying attention. But in nighttime or bad weather, a sickening “Clunk! Crunch!” generally suggests your vehicle’s been damaged. Generally, going over a
pothole
 will cause only a grumpy mood and no long-term damage to your vehicle. If the
pothole
 is particularly deep or you’re going too fast, however, you might also leave behind some dents and scratches.
Pothole damage
 to your vehicle can quickly worsen. Tires, hubcaps, struts, and alignment can soon accumulate, leaving some motorists with
expensive repairs
. Filing a
pothole damage
 claim is easy, but whether you should is something that you should consider.

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

How Pothole Claims Work

A pothole claim on your insurance policy is a single-car accident that is classified as an at-fault accident. A pothole is considered a collision. If you file an at-fault claim, your collision deductible will apply, and your rates may increase at renewal time. Occasionally, the damage sustained is less than your deductible, making filing a claim irrelevant.

What You Can Do Instead of Filing a Claim With Your Insurer?

Instead of
filling a claim
 with your insurance company for pothole damage, you can also file a claim with the government. First of all, check if the road is a city or a state road. Depending on where you reside, the local government may be able to reimburse you. Of course, it can be a long and tedious process, so be ready to pay the cost upfront. Suppose your car only suffered a couple of minor dings and scratches. In that case, you are probably better off skipping any official claim process altogether — it’s just not worth the effort and energy. The easiest way to
file claims
 with the government is to follow the authority’s claims process – usually, this involves just filling out a form. Not all citations allow this, and if they do, it doesn’t always work. But it’s always worth a try.

Gather Evidence

Whether you are filing a pothole claim with your insurance company or the government, you need to gather evidence. If a tape measure is handy and safe (do not try it on a motorway), look at the pothole’s depth and write it down. As long as it’s 40mm deep or more prolonged (roughly the height of two 20p coins), then bingo – it’s worth searching. If it is less, it is still worth fixing, but you might not recoup the total cost of repairs. Measure the width as well. Ensure you take pictures right away or as fast as possible if it’s safe to do so. If you don’t have a camera, you can always come back. Things to photograph are:

Close-ups of the pothole. Photos showing the width and depth of the pothole should be sufficient.

The pothole’s position is on the road. Photograph it from different angles, showing which lane they are in. Make sure the pothole is visible in these pictures.

Road signs. The road signs along the immediate stretch of the street and nearby landmarks such as schools and prominent buildings will help you pinpoint the location.

Your car. It will be necessary to show the damage, so take several clear pictures of anything that’s broken, severed, dented, or scratched.

Prevent Pothole Damage Before It Occurs

In any case, there are several things you can do well before a situation happens that can help you avoid any unfortunate incident. It would help if you continually keep your eyes on the road when driving. It is not just about where you’re going, but about what’s on the ground as well. When your neighborhood has many potholes, it’s often possible to get the problem fixed with just a few calls to local officials. That’s how you’ll save yourself – and hundreds of others – headaches and hassles from pothole damage.

Tags:
Car Insurance
Insurance Claims
Pothole Claim
Pothole Damage
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Hajj And Umrah Travel Insurance Explained

As one of the five pillars of Islam, the Hajj is considered one of the mandatory religious duties of every Muslim who is physically and financially able to make the trip. All true Muslims are encouraged to endeavor to make this trip at least once in their lifetime. It shouldn’t be a surprise that at least 2 million believers make their way from all corners of the world to Saudi Arabia to perform the Hajj and Umrah during the eighth and thirteenth days of the holy month. In addition to adequately preparing yourself spiritually for the journey ahead, one of the most important things you should see is
travel insurance
.

Travel Risks Of The Hajj And Umrah Every Religious Pilgrim Should Know

As an international traveler, here are a few of the essential travel advisories you need to consider when making the Hajj Pilgrimage.

1. Issue of Accidents

As you know, this is an exercise that garners a lot of attention. Because of this, the highest risk that every pilgrim faces here comes from stampedes from the large number of people that’ll be concentrated in Mina for those five days. It needs to be said that over the past few years, the Government of Saudi Arabia has taken commendable steps to reduce the risk of injury from these accidents. There’s a limit to the reach they have, and it never hurts to have
coverage
 in case the worst happens.

2. Health and Medical Risks

Another thing worth noting is that the considerably large number of people coming for the
Hajj and Umrah
 will usually increase the number of health risks that a pilgrim has. It isn’t unusual for travelers to experience bouts of ailments like cholera and diarrhea.

3. The Risk Of Exhaustion And Dehydration

To benefit from this holy journey, you will have to move around a lot. Because of this, the
Hajj and Umrah
 can be a physically demanding affair. As a result, more elderly pilgrims have been more prone to physical exhaustion while performing the rights. The chances of this happening increase exponentially for people who have pre-existing medical conditions. It may easily aggravate those or contribute to increased predisposition to fainting spells, dehydration, and general exhaustion.

4. Weather And Climatic Factors

During the Hajj, the weather can take a turn for the worst. It may be because the Mina area is highly predisposed to diverse climatic conditions. Some religious pilgrims have had to perform the Hajj through sandstorms, extreme humidity, and even thunderstorms.

Protecting Yourself During The Hajj And Umrah

Although going as far as getting
Hajj and Umrah travel insurance
 might seem like a bit of an overkill for some people, the fact remains unchanged that doing so will help you feel safer and ensure that you won’t have to pay anything out-of-pocket if the unexpected happens.

Tags:
Hajj
Muslim
Travel
Umrah
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Guide To Make Personal Accident Insurance Claim

Despite everyone’s best efforts to prevent accidents, they still happen occasionally. In our everyday lives, we are all exposed to accidents, and that is why we should all have
personal accident insurance
. Its purpose is to provide cover against accidents that result in bodily harm, injuries, disabling conditions, or death so that even if an accident takes you away from work, you have a way to survive until you can return to work. What happens if an accident occurs? How do you
file a claim
? Learn how to file an
insurance claim for a personal accident
.

How Do Insurance Claims Work?

It is a formal request from a policyholder to an insurance company for compensation or coverage related to a covered loss or policy. Upon receiving the claim, the company confirms (or denies) the claim. Upon approval, the
insurance company
 will issue payment to them or an interested party on behalf of the insured. An insured person can sometimes have a third-party file the claim on their behalf. However, only the named individuals on the policy are eligible to claim payments.

How To File a Claim For a Personal Accident Insurance Policy

It is vital to understand the claim process when dealing with a
personal accident insurance
 policy during an emergency. The steps detailed below describe how to file an individual accident insurance policy claim.

Step 1: Notify The Insurer

The insured’s responsibility is notifying the insurer when an event may cause a claim under the policy. It can be requested in writing, orally, or via phone and must comply with the policy requirement in this regard.

Step 2: Proof Of Loss By Providing Necessary Documents

As soon as you inform the insurer, you will have to prove that you have suffered a loss, and this is done by providing different documents. If you fail to prove your loss satisfactorily or convincingly within a reasonable amount of time, it may void your liability.

Step 3: Submit A Duly Filled-Out Claim Form

Afterward, you will receive a policy claim form from the insurance company, or if the state has not been received from the company, you can request it directly from the company. A completed form must contain all pertinent and accurate information and be signed by the policyholder or nominee.

Step 4: Provide Other Documents As Required By The Case

After submitting the form and policy documents, your insurer will ask you for other verification documents such as proof of identification, address, etc. Provide copies of these documents to the insurance company.

Step 5: The Insurer Examines The Claim

Once the insurance company receives all the documentation and information regarding the policy and treatment required, it will thoroughly examine the claim’s legitimacy and accident. By providing this information, the insurance company makes sure you
file a claim
 for treatment that is required and not unnecessary, and it is also strictly due to an accident or other event covered by the policy.

Step 6: Settlement Of The Claim

Following all verification and inquiry, the company may approve the claim if they are satisfied with its authenticity. If the claim is rejected, the company may request additional documentation for verification; if the claim is still unsatisfied, they may leave it.

Personal accident insurance from as low as RM8 per month.

What Documents Are Needed To File a Personal Accident Insurance Claim?

You should be aware of the documents required to
file a claim
 for a
personal accident health insurance
 policy on time. These may include:

Claim form signed by the claimant

Certificate of Death if applicable

Disability Certificate relevant to the case

Physicians’ Report

Health Certificate

Bills for medical care

Report of
accident investigation

Tags:
Accidental Injury
Accidents
Certificate of Death
Insurance Claims
Personal Accident Insurance
Personal Accidents
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汽车保险到底保什么？

身为驾驶人士的我们对
汽车保险
一定不陌生。但是有多少人认真的研究过自己的车险到底包了哪些项目呢？不要到意外发生了才发现这个没有包，那个又漏掉。结果有保险好像没有保险一样？
汽车保险
的细则大概有3种。

第一、第三方保险

这个细则是最基本一定要有的
保险
。它主要的功能在于如果车主发生交通意外，最起码需要赔偿第三方的损失是有包括在这份车险里的。所以无论谁是肇事者，由于每个人都必须有这一份第三方
保险
，不必担心无法索赔。

第二、第三方保险+火险+失窃保险的配套

这个配套有包括第一点所讲的细则，再加上任何起源于意外火烧或失窃所蒙受的损失。这其中失窃与火烧的附带条件是很清楚列明，如果以上的意外是人为疏忽所照成的，那保险公司有权利不予赔偿。

第三、综合性汽车保险 （全面汽车保险）

这个配套包括以上两点的细则，再加上除了让第三方可以求偿，如果肇事者是自己，那汽车的维修费用也可以被纳入求偿范围内。通常选择这种配套的司机都是驾驶较为昂贵的汽车，保费当然也是三种里面最高的。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！

Tags:
失窃保险的配套
汽车保险
第三方保险
综合性汽车保险
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Is It Possible To Claim If A Negligent Act Caused The Accident

You were involved in a car accident, and now is the time to assess the damage and file a compensation claim. This article’s question is if it’s even possible to claim if a
negligent act
 caused the
accident
. Here are all details about these situations and what you can do when negligence leads to an
accident
!

What Is Negligence?

The experts agree that negligence is a careless or thoughtless behavior or action that could lead to other people’s injury or damage to objects. It’s when a person acts outside of what’s considered reasonable for that situation. For example, if there is a red light, a driver’s reasonable and expected thing is to stop. If you don’t do that, your actions are negligence. Here are some expected duties that each driver has:

Not going over a reasonable speed – it’s not only about following the law, but adjusting the speed to the current traffic situation. If it’s raining heavily, driving at the speed limit can be dangerous and negligent.

Keeping an eye on other traffic participants – is there a road hazard ahead? Make sure to notice it on time and adjust your speed. Also, always keep a lookout for what other drivers and pedestrians are doing.

Staying in control of your car – a
negligent act
 can also be if you leave the road for no apparent reason.

Some other duties include driving without the
influence of drugs or alcohol
 and following the laws applicable in that situation. We all try to follow these, but after the accident happens, that becomes less important. The big question is what we’ll do next?

Who’s To Blame For Negligence?

The first thing to determine is who’s to blame for negligence. If the third-party’s negligence is what caused the accident, that’s the easy scenario. You can claim against their
insurance
 (they should have one) and expect compensation. Make sure to photograph the scene and get the information on the other driver’s insurance. You want to have evidence that the other party’s negligence led to the accident. Even if they admit they are guilty, equip yourself with proof. That way, you won’t have to worry if the other party changes the story down the road.

Now, what happens if your negligence act led to the accident? Your negligence might be the reason why the insurance company will refuse your claim. Although it’s not a classic accident, vehicle
thefts
 from a car wash are a common example of this scenario. You could leave car keys with the attendant and go to have a drink in the nearby coffee shop. The insurance agency will see it as you leaving keys with a stranger and leaving the vehicle out of your sight, which constitutes negligence. When it comes to
car accidents
, you have the right to file an
own damage claim
 if you caused the incident. That’s a claim you’re making against your insurance company. However, it’s necessary to have a
comprehensive cover
 since it’s the only policy that includes first-party damages.

Please note you will lose the
no claim discount (NCD)
 if you make this claim. That’s why you should assess what’s the smart move. If the damage is minimal, it might be wise to pay for it yourself. That allows you to keep your
NCD
 and pay a lower premium when
renewing your insurance policy
.

Tags:
Insurance Claims
Negligence
Negligent Act
No Claim Discount (NCD)
Own Damage Claim (ODC)
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3 Tips To Protect Your Credit Score And Avoid Late Payments

Did you know that the fact that you missed just one payment can stay in your Central Credit Reference Bureau Information System (CCRIS) records for 12 months?

Did you know that your payment history alone accounts for nearly half of what determines your
credit score
?

Did you know that making
late payments
 attracts extra fees and fines and damages your credit standing?

Did you know that people who record making
late payments
 are less likely to secure a
loan
 than those who make timely payments?

All the above are only some of the reasons you have to do everything you can to make all your bill payments promptly. But with so many different things going on in your life all at once, it’s possible to forget you have costs to make at times, honestly. If you want to stop making payment delays due to such oversight, here are some tactics you can employ.

1. Activate The Auto-Debit Feature On Your Bank Account

The Auto-debit function works by deducting a set amount of the funds in your savings or current account and sending it to a designated entity at established times. With a tool like this, you’ll be able to conveniently make all the payments you need to without having to handle the transaction process yourself. What’s more, this is a service some banks offer for free or at meager costs. However, keep in mind that you need to ensure that you have enough funds left in your account to use this function properly.

2. Set Payment Reminders

Another approach you can use independently or use to complement the first method is to use any of your mobile devices or laptop tools to set a reminder to make payments. It is relatively simple and convenient to do as all these electronic devices have calendar functions that are easy enough to navigate. However, if you’re not too comfortable with digital devices and prefer something even more straightforward, a diary or desktop calendar will do fine. But you’ll need to make sure that you
check these frequently
 enough, so you still don’t forget to make your payments.

3. Review Your Credit Score Frequently

Your CCRIS report will always carry all the information about your
credit score
 health, including what bills you must pay and when. While you can rely on your updated MyCTOS Score report for this, the former will always be better as it’s far more
comprehensive
. With the information you constantly get from your CCRIS, you’ll be able to plan yourself accordingly and ensure that you have what you need to settle your pending bills at any point.

Bottom Line

You can’t afford to make settling your bills an afterthought. Apart from all the consequences that come with not making these payments on time, there’s the fact that you’ll be making the process of your next loan application more difficult!

So, make sure you do all you can to pay your bills on time!

Tags:
Auto Debit
CCRIS
Central Credit Reference Bureau Information System
Late Payment Fee
MyCTOS
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How Are Auto Insurance Premiums Calculated?

Are you interested in getting car insurance? Did you know that the premium you pay for the policy depends on numerous factors?
Auto insurance premiums
 do not have a default cost. Instead, they are calculated separately for a specific individual. Here is an overview of factors that will affect your premium!

Coverage Type

The basic option covers only liabili

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ty, and it is the simplest
car insurance
 plan you can get. Other policies might include collision, medical payments, and other specifics. The more extensive the coverage, the more expensive your auto
insurance
 policy.

What Car Do You Want to Insure?

The vehicle that you want to ensure will affect the cost of your auto
insurance policy
. The general rule is that premiums for high-end cars are more expensive. Although the company will assess your driving history (if possible), owners of high-performance vehicles do not have the reputation of being responsible. That implies they can expect a higher price for their
insurance policy
.
Insurance companies
 rely on statistics and theft-protection features on your vehicle to determine the risk of someone stealing your car. If they estimate a high risk, they might charge extra for the insurance policy.

How Frequently You Drive and Where?

The mileage you cover with your car will affect the
insurance premium
. If your workplace isn’t that far, and you only use the vehicle to get to and from it, the premium should be reasonably low. But if you often go on long-distance journeys, the insurance plan cost will increase. The general rule is that crowded cities carry a bigger accident and
theft
 risk than peaceful suburban neighborhoods. The usual parking spot for your car can
affect the price of your policy
 – a garage is a safer place than keeping the vehicle out in the open.

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Personal Details and Driving Statistics

Apart from vehicle-related information, your details and driving statistics will determine the cost of your auto insurance policy.

Here are the factors that affect the price of the premium:

Age
 – the statistics indicate that drivers younger than 25 and older than 65 have the highest rate of accidents.

Marital status
 – drivers who are married are believed to be more responsible, which can lower the
policy cost
.

Driving history
 – how long have you had a license? Did you have any accidents in the past? Have you paid for speeding tickets or faced any convictions? Insurance companies will use all this when calculating auto
insurance premiums
.

Finally, if you want to insure multiple cars at once, the odds are you can get a discount deal. The cost of
auto insurance premiums
 for the second vehicle should be reduced.

Tags:
Insurance Policy
Insurance Premiums
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Travel Insurance For The New Normal Traveller

After COVID-19 hit early in 2020, most travelers were unable to travel. They scrambled for refunds from hotels, airlines, cruise lines, and other travel suppliers – or filed claims through
travel insurance
 for canceled vacations. On both fronts, they often hit a brick wall. It was difficult or even impossible to get refunds from providers – leaving those without
travel insurance
 wishing they had. Despite the COVID-19 pandemic, more than 60% of Malaysians still hope to take a holiday this year. It is why travel insurance is crucial as we begin to recover. There’s no escaping the fact that if you can’t afford travel insurance, you can’t afford to travel since travel insurance is the new normal in the travel industry. More than two dozen countries that are part of the World Health Organization, for example, require visitors to have medical
insurance
 and sometimes
travel insurance coverage
 that includes Covid-related incidents to be allowed into the country.

Does Travel Insurance Cover COVID-19?

Travel insurance policies treat COVID-19 and its variants – including Omicron – like medical emergencies. To qualify for benefits, you will need to present a doctor’s note proving your
illness
 and that you will not travel. Whatever your condition, regardless of whether it is Omicron, another variant of COVID, or anything else at all, you will receive the same benefits.” Buyers need to read the policies carefully and include pandemics, COVID-19, and variants. In addition,
purchase travel insurance
 before you fall ill to file a claim.

How About Quarantine And Medical Expenses?

If you choose a policy, make sure that it covers these items. If you intend to travel abroad, speak to your regular health insurer about medical coverage. Many policies will not cover you abroad, so you should consider it if you have health coverage.

Is Travel Insurance Required In Specific Destinations?

Yes, it is primarily to cover the costs of quarantine or medical care in the event of a COVID-19 positive test. In Singapore, for instance, medical insurance must cover a minimum of 30,000 Singapore dollars. Travel insurance is required for COVID-19 treatment in Fiji. It costs around RM125. Anguilla is one destination that recommends rather than requires travel insurance. You may want to consider how far you would have to travel to receive treatment if you contract COVID-19 abroad.
Malaysia COVID travel pass
, for example, travelers must have a minimum USD20,000 medical insurance policy.

Is Insurance Required If My Cancellation Policy Is Flexible?

If you have a hotel reservation that allows free cancellations 24 to 48 hours before check-in, most likely not. The same is true for flights; if your flight is changeable and you will receive a voucher or refund if it is canceled, you are covered.

Travel Insurance Is Not All The Same

Obtain
travel medical insurance with COVID-19 coverage
 from a reputed global insurer. A pandemic like Coronavirus could have an adverse financial impact on your travel plans. Therefore, you can enjoy your trip more if you take
travel medical insurance
 covering epidemic and pandemic treatment costs.

Taking the time to read a travel insurance policy wording carefully is common sense, imperative, and necessary so that you can understand the benefits, conditions, and exclusions throughout the policy. In addition, you need to know that these can vary depending on your Country of Residence, so feel free to contact us at Fincrew Insurance if you have any questions.

Tags:
COVID-19 coverage
Domestic Travel Insurance
Travel Insurance
Travel Medical Insurance
Trip Cancellation
Trip Cancellation Insurance
World Health Organization
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结了婚，车险就跌价?

欢迎收看保险360，我是 Cassandra。挡当当当～ 诶，不是谈保险吗？关结婚什么事？当然有关系！你知道吗？结了婚，你的汽车保险将会被调低。到底是为什么呢？汽车
保险公司
会依据驾驶人士的年龄、居住地区、年均驾驶距离与汽车停放位置来评估保险费用。而结了婚的人，通常会增加注册多一位驾驶人。对于
保险公司
而言，这代表了意外风险被平均分担了，因为个人使用该汽车的频率相对地减少了。

通常
车险
专门针对25岁以下的青年，他们的保险费明显比其他年龄层高，因为这个年龄层的驾驶人士经验较浅，发生意外的机率也比较高。所以保费自然得调高。而已婚人士对于保险公司而言，代表了成熟稳定，也就是说当一个人结婚了，他/她的责任感就比较高，不会随意驾驶，因为要对家人有交代和责任感的关系。不过，这
车险
跌价也不是肯定的。保险公司也会依据个人是否曾经有鲁莽驾驶的交通记录或曾经酿起交通意外而求偿的过往记录，来判断是否可以为这特定的客户调低保费。 还有一个重要的点就是，通常保险公司会要求提名主要驾驶人与额外驾驶人。身为车主的你，记千万不要搞混，也不要为了省保费而随意提名。尤其是家长们为了省保费而把自己提名为主要驾驶人。这样是不符合条规的，严重的话，可能在发生意外时会遭受保险公司拒赔。

结了婚也许会让你的车险跌价，不过一切都要诚实申报，千万不要随意自以为是哦！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:
保险公司
汽车保险
车险
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Does Medical Insurance Cover Accidents?

When choosing a health insurance policy, customers consider many factors. However, we often miss out on noticing whether our
medical insurance
 coverage extends to personal accident injuries. An automobile accident can be emotionally and physically draining and complicate your life in the weeks and months following the collision. Injured parties will likely need immediate and long-term medical treatment. Getting medical care insurance can be complicated, which becomes more complicated in an auto accident. Determining who will pay for injuries sustained can quickly become confusing if several different
insurance
 policies are in place, including health and auto. To avoid being stuck with costs associated with your recovery, you must understand the other factors that determine which insurance will pay for your injuries. If you’ve been in a
car accident
, here’s what you need to know about your
medical insurance
:

What Is Medical Insurance?

Medical or health
insurance provides
 coverage for a person’s medical and hospitalization expenses up to the policy’s maximum. As part of regular health insurance plans, it will cover pre-hospitalization and post-hospitalization costs and medical costs for treatment. As health complications and
illnesses
 become more prevalent, insurance providers are expanding their coverage. Today, one may need healthcare services for several reasons and circumstances, one of which is
road accidents
.

Accident Cover

One should not assume that their
medical insurance policy
 covers all medical costs, irrespective of their cause. If you do not have an accident policy on your medical insurance, then you can’t use your
medical insurance policy
 to pay for your medical expenses when accidents happen. A
personal accident policy
 is an additional insurance product that is in addition to medical insurance. Adding
personal accident coverage
 to a health insurance plan or buying it is the best way to be protected in an accident.

Meeting Your Deductibles

After an accident, it will impact medical expenses by a deductible on any policy. Would you mind meeting all deductible amounts before your
insurance coverage
 begins? It is common for medical providers to render the necessary treatment first and then work with
insurance companies
 to determine who pays what. You will have a bill for the amount of the deductible.

The First Line Of Defense Is Auto Insurance

Since the law requires you to carry a form of an
insurance policy
 before driving a vehicle, your existing auto insurance policy will usually cover initial payment after an accident. These policies cover medical bills associated with accidents up to a certain amount. It will cover the first medical bills by your policy or of the at-fault driver, depending on the situation. It’s also important to take note that some of these policies have relatively low limits. Until the maximum, these plans cover only 80 per cent. If you have to use your policy for this coverage, you will be responsible for a minimum of 20 per cent for every bill until its maximum. All remaining expenses will be your responsibility once you get the maximum amount.

Personal Health Insurance

After you exhaust all other options, your health insurance will cover the medical costs associated with your injuries. Similar to your
auto insurance policy
, you have to meet deductible amounts before treatment is covered. The insurer may also require you to cover co-pays and other obligations.

It would be best to remember that your policy coverage will heavily influence the coverage provided.

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Auto Insurance
Medical Insurance
Personal Health Insurance
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Why You Need Flood Cover For Your Car Insurance

It is not uncommon for floods to happen in Malaysia. In many areas, they are becoming more frequent and can have a devastating effect on your vehicle. So it is very important to protect your car against natural disasters such as floods before it happens. Does your
auto insurance
 cover flood damage? Why do you need
flood cover
 for your vehicle? Read on to know more.

Does Your Auto Insurance Cover Flood Damage?

If the policy you are carrying is
comprehensive
, then you are covered for flood damage. In Malaysia, a complete policy is not mandatory, but it is recommended that you have it in any unforeseen circumstances such as flooding. Though the coverage can be pricey, it will protect you and your car from many of life’s uncontrollable events in addition to heavy rains and flooding, vandalism, theft, windshield damage, etc.

Reasons Why You Need Flood Cover For Your Car

Protect You Against Substantial Financial Loss

Comprehensive cover protects you from heavy financial liability in the event of serious flooding. Floods or heavy rains can cause severe damage to a car, making
comprehensive auto insurance
 a must-have to protect someone from huge financial losses. Rising water levels may get into your
car’s engine
 and interior during heavy rain, potentially wreaking havoc on the vehicle. More so, hailstorms can lead to water damage if it breaks the windows of your car, allowing rain and hail into it. When these happen, your
flood cover
 will protect you from all financial loss resulting from the flood. If your
car is declared totaled
, i.e., damaged beyond repairs or cost more than the car’s worth, comprehensive coverage helps pay to replace the vehicle up to its actual cash value. Flooding can be disappointing, but having a
comprehensive policy
 may help protect you against massive financial loss if your car is damaged by flooding.

Save You From Hassle And Time

The kind of experience one gets during and after flooding is frustrating and sometimes happens to be time-consuming. Having a comprehensive
policy that protects
 you against flooding saves you time and the hassle of bargaining with the property owners, other drivers.

Protect Yourself And Other Third Party Involved

Carrying a flood cover ensures that you, your family, and other passengers in your car are well-protected. You definitely will not experience any doubt about compensation when the flood, which may cause damage to your vehicle, sometimes causes
bodily injury
 to you and your passengers.

Final Thought

We advise you to do what you can in advance to protect your car against
flood damage
. You need to Identify the danger level for a possible flood around there and weigh the value of your vehicle against the expense of comprehensive policy. Speak with your
auto insurance
 broker to determine the best approach for you and your family. You should note that even if you carry a comprehensive policy, you should take necessary precautions to protect your car to keep away from the exorbitant, time-devouring, and depleting process of
filing a claim
 and battling for the work to be completed. Leaving your vehicle inside or in an elevated area with excellent drainage can help you keep away from most
flood damage
.

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Car Insurance
Comprehensive Coverage
Flood Cover
Flood Damage
Third Party Insurance
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Insurans Kereta Dijelaskan

Ini merupakan salah satu perkara penting bagi menjamin kereta anda selamat di jalan raya. Sebab itulah anda perlu memahami sebanyak mungkin perkara tentangnya. Dalam artikel ini anda akan diberikan penjelasan ringkas mengenai apa itu
insurans kereta
 dengan bahasa yang lebih mudah. Setiap pemandu di negara ini tahu bahawa mereka perlu mendapatkan pelindungan
insurans kereta
 sebelum kenderaan tersebut dipandu di atas jalan raya. Namun begitu, kebanyakan orang tidak memahami dengan jelas
tentang insurans kereta
. Selalunya, jika tidak
berlaku kemalangan
, kebanyakan orang tidak akan memikirkan tentang insurans mereka. Dengan mengetahui secara lebih mendalam
tentang insurans kereta
, ia akan dapat membantu anda itu membuat keputusan yang tepat. Artikel ini akan menghuraikan perkara asas yang perlu anda ketahui tentang insurans kereta.

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Apa Itu Insurans Kereta?

Bergerak dari titik A ke titik B merupakan aspek yang sangat penting dalam kehidupan seharian. Sama ada ia untuk tujuan kerja atau pun berseronok. Semua orang perlu bergerak. Walaupun begitu, tidak mudah untuk pergi dari satu tempat ke satu tempat yang lain. Ini kerana
kemalangan
 boleh berlaku dan menyebabkan kerosakan harta benda dan juga kenderaan. Ia juga boleh menyebabkan kecederaan dan lebih teruk lagi, kehilangan nyawa. Insurans kereta merupakan salah satu cara yang dijamin boleh membantu anda sekiranya berlaku sesuatu yang tidak diingini. Ia dapat membantu anda untuk menampung perbelanjaan akibat daripada kejadian yang tidak diingini ini. Sesetengah
insurans kenderaan
 adalah wajib, manakala yang selainnya pula hanyalah untuk kemudahan anda. Kami akan kongsikan kepada anda beberapa
jenis insurans
 kenderaan yang terdapat diluar sana.

Jenis Insurans Kereta

Anda boleh menginsuranskan kenderaan anda melalui pelbagai tahap yang berbeza. Berikut merupakan beberapa pecahan jenis insurans kereta yang ada di Malaysia pada hari ini dan perkara penting yang perlu anda tahu tentangnya.

Pelindungan Pihak Ketiga

Mengikut undang-undang, anda mesti mendapatkan insurans jenis ini sekiranya anda ingin memandu kereta anda. Insurans jenis ini akan memberikan pelindungan kewangan khusus kepada anda sekiranya anda terlibat dalam kemalangan. Ia dikenali sebagai insurans pihak ketiga kerana ia akan menanggung kos kerosakan yang anda akibatkani pada pemandu kenderaan atau orang lain. Pakej ini tidak akan
menanggung kerosakan
 kenderaan anda. Selain itu
pelindungan jenis
 ini juga tidak merangkumi pelindungan dari kecurian, kebakaran, atau bencana alam.

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Pelindungan Pihak Ketiga, Kebakaran Dan Juga Kecurian

Ini merupakan pakej insurans kereta yang lebih komprehensif. Pakej jenis ini tidaklah wajib. Sama seperti pakej asas
pelindungan pihak ketiga
, ia akan melindungi dan membayar sebarang kerosakan, atau kos perubatan yang telah anda akibatkan kepada pemandu atau kenderaan lain. Sama juga seperti pelindungan pihak ketiga, ia tidak akan menanggung kos untuk membaiki kenderaan anda. Tetapi ia akan melindungi anda dari insiden kecurian dan juga kebakaran yang tidak disengajakan.

Perlindungan Komprehensif

Insurans kenderaan
 jenis ini menggabungkan perkara terbaik dari kedua-dua pakej di atas. Ia memberikan pelindungan pihak ketiga bersama dengan pelindungan daripada kecurian dan juga kebakaran yang tidak disengajakan Pakej insurans komprehensif turut memberikan pelindungan kewangan kepada anda untuk kesemua kos kerosakan kereta anda akibat daripada kemalangan. Anda juga perlu tahu bahawa, tidak ada pakej insurans kereta yang akan menanggung perbelanjaan perubatan untuk anda atau penumpang kenderaan anda yang turut terlibat dalam kemalangan. Kesimpulannya insurans kereta adalah wajib atas faktor perundangan. Selain daripada mengambil pakej insurans yang wajib, mempertimbangkan untuk mendapatkan pelindungan tambahan yang bersesuaian dengan anda, merupakan satu idea yang baik.

Tags:
Insurans Kereta
Pelindungan Pihak Ketiga
Perlindungan Komprehensif
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Is Car Insurance Mandatory?

Vehicle owners in most states within the country are required to have car insurance coverage to ensure that they can cover whatever damage or injury that occurs during the use of the vehicle. You see a vehicle you like. You check out its specifications and price, buy it, and start using your vehicle pronto. Life should be that easy and straightforward, right? However, things are rarely ever that easy.

When it comes to owning and using a vehicle in the country, there are many things involved. One of them is
car insurance
. You’re probably thinking, why do I have to get
car insurance
? They’re so complicated and difficult to understand, do I need to get involved with it? Short answer–Yes! Like
every other type of insurance
 out there,
car insurance
 is available purely for your safety and that of the people and property around you. Because car insurance is a must-have before you can freely use your car, it is regulated at the state level, not at the federal level.

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Why Is Car Insurance So Important? Because You Need It!

Surprising, isn’t it? Well, it’s true, and this is why. From the moment vehicles came into use, it was clear that accidents would be inevitable. Car insurance is the only way to safely guarantee that any car owner’s damage or injury inflicted on another person’s self or property would be assuredly paid for. The assumption behind this reasoning is that if vehicle owners cannot
cover the expenses of the damages
 or injury they cause, the society at large would suffer financial loss. That is why obtaining at least a
third party
insurance policy
, among other things, is mandatory before your vehicle can be duly deemed roadworthy. Even the most careful drivers will, at some point in time, encounter accidents one way or the other. Having insurance is a safety measure that helps make sure that such mishaps don’t affect you severely, financially speaking.

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What Type of Car Insurance Do I need?

Not all “types” of car
insurance is mandatory
. While it is always good to get as much coverage as you can easily afford, the law doesn’t necessarily demand that of you. If you aren’t getting the full
car insurance
 package, there are two types of car insurance you should know about. They are:

Third Party
, Fire and Theft Insurance

Third Party Insurance

Third Party, Fire, and Theft Insurance got your vehicle covered in incidents like theft, vandals, and so on. Because this
insurance
 is solely for your protection, you may choose to or not to get it. It is, as such, not mandatory. On the other hand,
Third Party insurance
 is very compulsory because it is this insurance that covers whatever harm is caused to someone else or their property.

Conclusion

Since
car insurance policy
 is governed at the state level, the degree of comprehensive coverage required of you may differ significantly from state to state. As such, you would need to visit your state’s
road transport department (JPJ)
 to make inquiries to find out how much coverage you need.

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Fire and Theft Cover
JPJ
Third-Party Coverage
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Benefits Of Travel Insurance For Domestic Travel

When you travel, your ice-breaking conversation is at its most spontaneous. Travel is often referred to as the only expense that enriches your life! Not only does it enhance your knowledge and experiences, but it also enlightens your mind and spirit. However, traveling is not without risk and uncertainty. It is where travel insurance comes in. In most cases, people purchase Travel Insurance Policies when traveling abroad, but not when traveling within the country. The trouble is, emergencies can happen at any time.

What Is Domestic Travel Insurance?

Domestic travel
 insurance is a type of insurance designed for Malaysians traveling within the country. Domestic policies cover medical emergencies, accidents, route issues, flight delays, damage, cancellation, luggage loss, and any other unforeseen circumstance that causes a loss to the customer.

Why Is Travel Insurance Necessary For Domestic Travel?

The role of travel insurance is to cover the specific needs of travelers during unforeseeable situations. The policy protects them from financial losses in the event of a medical emergency, death, or the loss of their passport or luggage, among other scenarios. Travel
insurance
 is more or less essential if you are traveling abroad since many countries require it. Most people buy travel insurance when traveling internationally, but not domestically. Travel insurance is just as important when traveling domestically as when traveling internationally. When you travel, your mind begins to imagine positive experiences, but there can be some unpleasant moments in reality. Your
domestic travel insurance
 covers your health and your belongings as well. The process of handling emergencies becomes easier if you have insurance, regardless of the trip is domestic or international.

Benefits Of Domestic Travel Insurance?

Travel insurance for
domestic travel
 provides the following benefits:

Travelers will be reimbursed for medical expenses incurred in-country

In an accident, you will receive complete financial coverage

There will be a refund in the event of any delays or cancellations

You will receive emergency cash if you run out of cash

In an unfamiliar environment where every aspect looks uncertain, 24/7 emergency assistance will be available to you.

What Domestic Travel Insurance Policy Covers?

Medical or Accidental Cover

Domestic
travel insurance provides coverage
 for accidents and other health issues as well. This feature can be handy for people who don’t have health insurance or have a limited range.

Flight Cancelation or Delay

If there is a delayed or canceled flight, you may not only experience inconvenience, but you may also incur expenses if you don’t make your connecting flight or stay at the hotel. You can get compensation for the delays or cancellations by purchasing
domestic travel insurance
.

Loss of Baggage

Getting travel insurance can be an option if you are concerned that your baggage could be lost while in transit. Most airlines have lost luggage compensation policies, but they can’t always cover the total cost of your belongings. Travel insurance gives full coverage if your luggage is lost.

Personal Liability

Insurers are introducing this new service quite recently. Under this feature, third parties’ property is covered against accidental damage. It’s handy for those traveling with children, as children are naturally curious and often damage others’ property.

Conclusion

The cost of international travel makes travelers more likely to purchase travel insurance. However, unexpected costs incurred by medical emergencies, accidents, trip cancellations, and lost baggage can also cause frustration during domestic travel. Domestic
insurance is not mandatory
, but it can be beneficial. You can feel secure and assured in all situations while traveling away from home with domestic travel insurance. In addition, your trip will be much smoother and safer with domestic travel insurance. When you travel within the country, don’t forget to buy travel insurance that will fit your budget. In an unexpected unfavorable situation, a little investment in travel insurance can help save you a lot of money. Purchase a
domestic travel plan
 from Fincrew Insurance today and travel stress-free.

Are you traveling within the country? Make your trip safe and secure with
Fincrew travel insurance
!

Tags:
Domestic Travel Insurance
Flight Cancelation
Loss of Baggage
Personal Liability
Travel Insurance
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Can I Cancel My Car Insurance Before It Expires?

Why would you want to cancel your
car insurance
 policy? It could be that you aren’t planning on driving the vehicle for a while. Perhaps you are selling it, and the purchaser insists on switching insurance providers. It might be that you need the cash, and you wonder if there is a refund that comes with the cancelation. Read on this guide to learn everything there is to know about canceling your
car insurance
 policy before it expires!

Is It Possible To Cancel Your Car Insurance Before It Expires?

The answer is yes, and we believe that’s what you wanted to hear. If you do
business
 with legitimate Malaysian insurance providers, it will be possible to cancel your
car insurance policy
 at any moment. That is a convenient option because it allows you to get out of a contract that you don’t want to be in anymore.

What Should You Do To Cancel Car Insurance Before It Expires?

According to the experts, you should contact your insurance company or agent first. It might be smart to visit the agency’s website to see what the cancellation conditions and requirements are. Those could also be specified as a part of your
car insurance policy
. It usually comes down to this – you file a request for cancellation and send it to the agency. From there, the company processes your requests and breaks the contract. It is critical to emphasize that you will have to return the Certificate of Insurance. That certificate will no longer be valid, and the
insurance company
 will make sure it’s archived properly. Another thing to note is that you will have to sign the cancellation agreement yourself. You cannot send another party to
cancel the policy
 for you. Since you are the policyholder, you are the only one who can ask to nullify the deal.

Can You Expect A Refund If You Cancel Motor Insurance Before It Expires?

Here is the good news – you can look forward to a refund if you cancel the
insurance policy
 earlier! However, there are a couple of exceptions here. First, the
insurance companies
 only pay a partial refund, and it depends on when you decided to cancel the policy. Another thing to note is that you shouldn’t expect a refund if the deal has been active for at least eight months. Here is a table on the refund the expect:

Insurance Time

Refund %

Less than eight months

12.5%

Less than six months

25%

Less than four months

37.5%

Less than three months

50%

Less than two months

62.5%

Less than a month

75%

Less than a week

87.5

As you can see, the sum that you receive decreases over time. If you are planning on canceling your policy, you should do it as soon as possible. That will ensure you receive the biggest part of your premium as a refund for the cancellation.

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Can You Renew Your Car Insurance Policy Early?

What if you don’t want to cancel but extend your
motor insurance
 policy before it expires? The good news is that you can do it, too. It’s in your interest not to let a day pass without having valid car insurance. That is why many companies allow you to start renewing the deal as early as two months before it expires.

Tags:
Car Insurance
Insurance Policy
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Insurance Terms You Must Know Before You Make A Claim

Are you thinking about getting motor insurance? Do you already have motor insurance, and it is time to make a claim? Whatever the case, it is essential to understand the details of your policy thoroughly. Here is the clarification of
insurance terms
 that often trouble
motor insurance policy
 owners.

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Third-Party Cover

We start with a term that is imperative to understand. If we are talking about a third-party cover as a part of your
insurance
, we refer to the damage of the third-party’s property. The task of this cover is to keep the vehicle owner protected from financial liability caused by injury, death, or physical damage to someone else’s property. Have you ever wondered why they are using the term “third party?” It is because the property is not owned by the insurance company or the policy’s owner.

Rider

A rider is a document that changes the original policy you signed. It can be a modification that waives a specific coverage or condition or can increase the benefits. Any change made to the initial contract is considered a rider. When it comes to
motor insurance
, the most common rider is for a personal accident.

Personal Accident Cover

If we are talking about
road accidents
, we might be talking about physical damage to the vehicles involved. However, there might also be personal injuries, such as
accidental death
, temporary or permanent disability. It is crucial to note that not all policies cover
personal accidents
. It might be a smart move to add this to your
insurance
 plan.

No Claim Discount

NCD is good news for you. First, it means you haven’t made a
claim
 in the last 12 months, which means you haven’t participated in an accident. Insurance companies see that as responsible behavior toward your vehicle, which is why they allow the
No Claim Discount
.

Own Damage Premium

This is the crucial component of the
premium you pay for vehicle insurance
. The idea of the own damage premium is to protect you from financial liabilities when events that are out of your control cause damage to your motor. We are not talking about road accidents, but rather earthquakes, explosions, fires, and other natural or man-made disasters.

Policy/Inception/Effective Date

These dates are important because they tell you when the policy becomes active. For starters, a policy date is the one you see written on the contract. The issue or inception date is the moment when the agency approves your policy. Policy and inception dates can be the same. Make sure to check the “Effective date” of your policy. From that date, the policy is active, and the legal obligations of both parties begin.

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Additional Terms You Should Know

Here are some other
insurance terms
 that could help you when
making a claim
 or choosing motor insurance:

Coverage
 – it is a term used to discover the benefits and protection provided by an insurance plan.

Claim
 – if a user demands a payment based on their
motor
insurance policy
, they are making a claim. For the claim to pass, the request needs to meet the
insurance terms
 of the plan.

Premium
 – it is the
cost of your insurance
 plan for a specified time.

Insured declared value
 – the value of your vehicle agreed by the insurance company and you as the vehicle owner.

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Tags:
Coverage
Declared Value
Inception
Insurance Claims
No Claim Discount (NCD)
Third-Party Coverage
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汽车保险也有折扣？

欢迎收看保险360, 我是 Cassandra。很多车主买了汽车后， 每个月除了缴付汽车的分期付款、添油、定期保养车子等，还要每年都支付一笔费用来更新车险和道路税。所以今天我们就为大家分享一些车险的的
折扣
，这样大家就能向你的保险公司询问，来获取一些
折扣
，以更便宜的价格，获得同样的保险覆盖范围！

第一、NCD折扣

什么是NCD折扣呢？NCD 是Non Claim Discount的缩写。顾名思义就是无理赔折扣，也就是说，在过去被保的一年内，如果你没有任何理赔记录，你就能获得此项折扣。而且，此折扣是逐年增加的。在没有理赔的6年或以上，你的NCD 折扣就可高达55%了；但是如果你申请理赔，你的NCD折扣率将会归0%。 NCD 折扣率是Persatuan Insurance Am Malaysia 也就是马来西保险协会所制定的。

第二、购买多种保险折扣 （Multi Policy Discount）

一般上，如果你在同一家保险公司购买超过一种保险，保险公司都会给予你在车险上一些折扣。每家保险公司的折扣率都各不相同， 你可以询问你的保险中介以获取更多资讯。

第三、续保折扣 （Renewal Discount）

保险公司之间的竞争强烈，所以他们都会尽可能挽留现有的投保人。因此，在保险未过期前，
保险公司
都会询问你是否有续保的意愿，并给予你续保折扣，从而减低你的保险费来吸引你留在他们的
保险公司
。

希望通过今天视频，你已经了解各种车险的折扣，记得向你的保险中介询问，因为不是每一个折扣都是自动给予你的。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:
Multi Policy Discount
No Claim Discount (NCD)
Renewal Discount
保险折扣
汽车保险
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What Happens If I Die Without a Will?

The concept of one’s mortality is a complex topic to contemplate, so most people avoid doing so, whether directly or indirectly. It is also perhaps why more than 50% of middle-aged people in the country still don’t have
a will
. Many of these people often ask questions like;

Why do I
need a will
?

What happens if I die without a will?

Here, we’ll be addressing these critical questions much more concisely. But first, some context.

What Exactly Is a Will?

Before you judge if you need something, you have first to know what the thing in question entails.
A will
 detail their wishes, the distribution of properties, and the care of their (minor) children.

Why Do You Need a Will?

Contrary to what others think, preparing a will isn’t a luxury reserved for only the wealthy. Some important reasons why you’re better served
preparing a last will
 include;

You get to state how you want your estate to be handled explicitly.

You’ll be able to keep your property out of the hands of people you specifically don’t want to get it.

You can pick who’ll care for your young children if the worst happens.

It’ll make the process of inheriting your estate easier for your children.

Giving charitable donations and gifts will be an easy affair.

It affords you a measure of flexibility.

What Happens If You Die Without It?

People who die without a valid will have been killed “intestate.” When such a situation occurs, the handling of the estate is left to the state. The designated formula to allocate your assets is dictated by the
Distribution Act 1958
. Some problems that’ll result from this include;

As the
Distribution Act 1958
 doesn’t account for several modern-day scenarios, the allocation of your estate to your surviving family members may be uneven and problematic.

You forfeit the right to choose your executor.

The chances of family disputes occurring increase exponentially.

You won’t be able to choose who’ll care for your young children in your absence.

Distributing your estate will take far longer than it rightly should.

The truth remains that no single document is enough to solve any issue that might come up after your demise. However, a will ensures there’s a straightforward way to resolve many of these issues quickly.

Fincrew Online Will Writing Services banner

Getting a Will In Malaysia Today

When you weigh the pros of getting a will against doing without, you realize you’re better served preparing this legal document. If you want to do that with ease and at an affordable rate anywhere in Malaysia today, utilize the
online will writing services
 of Fincrew.

Tags:
Distribution Act 1958
Executor
Online Will Writing
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