The law requires you to have insurance for every car you drive. However, many people are unfamiliar with their options and details of different coverage policies. Users often get a policy from an agency without knowing enough about their car insurance cover type. In this article, we will tell you the ways how to learn more about your currently active policy. Our experts also share additional information about different covers to help you make an informed decision on whether you want to change your deal with the agency.
How To Check Your Car Insurance Cover Type?
If you need a reminder or don’t know which type of car insurance you have, there are two ways to check it. The first one is to take a look at your insurance policy. You should have it nearby if an accident happens, which is why many people store it in their vehicles. Our advice is not to read it in a rush. Make sure that you have enough time to read all the specifics. Apart from the primary cover, your policy might have some add-ons, and it is vital to get to know all its details. An alternative is to go to your insurance company, give them a call, or contact them online. You should provide necessary personal information so that they can track you in their system. Based on the data provided, they will tell you what type of car insurance cover you have. The agency can also tell you when the current deal expires and anything else that might be of interest.
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Which Car Insurance Cover Types Are Available in Malaysia?
Here is an overview of the three basic available plans:
We will discuss the basics of each below.
The term third party refers to those who didn’t directly sign the insurance cover. That means anyone out there who is not the policy owner or the agency. A third-party cover offers essential protection if an accident occurs. That means it covers any damages and injuries caused to third-party persons or vehicles. However, it won’t cover anything that happens to your car or people traveling in it at the moment of the accident.
3rd Party + Fire And Theft
The second option is to get the third-party cover with theft and fire protection of your car. This is a two-in-one deal, and it can be a smart move if you live in a neighborhood with a high crime rate. However, please note that this policy is more expensive than the basic third-party cover.
This is the deal that offers the most from all three available. It covers damage and loss to all vehicles participating in the accident. However, it will only cover the death and injury of those in third-party cars and not in the vehicle you own. Apart from the basic types of car insurance covers, you can also go with different add-ons. Ask your insurance provider to learn about additional services provided if you pay the extra price.
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