Auto insurance is not just about protecting the vehicle against damage due to an accident, it is also essential to secure the people sitting inside the car. A third party cover or fire and theft cover will not protect the individual against personal injuries or losses. Thus, a comprehensive insurance policy is a must buy for all car owners. Additional benefits included in a comprehensive Malaysia auto insurance policy are:
-Unlimited liability coverage against death or injury to other people.
-Covers loss or damage to car stereo, phone, route navigator.
-Extended fire and theft cover
-Coverage for travel trips to foreign countries
-Guarantee on repair work and automobile parts.
-Breakdown assistance.
An individual has the choice to buy any of these covers as per one’s individual requirements. The cost of the policy rises with the extent of cover. An individual can opt for several measures to lower down the policy premium. By raising the deductibles, the premium can be curtailed. Deductibles are the share of the claim that the policyholder has to pay before the insurance company starts paying. Having a good driving record and following the traffic rules earn discounts for the driver.
Standard Malaysia auto insurance has certain exclusions to the policy cover. These exclusions include liability against the people sitting in the insured car other than the policyholder, damage due to natural disasters, such as floods or storms, and acts of vandalism.