If you’re familiar with the various vehicle insurance policies in Malaysia, you’ll know that comprehensive coverage alone won’t cut it when it comes to safeguarding your ride from all kinds of risks. But don’t panic – there are extra layers of protection you can add to your plan!
Just keep in mind, these car insurance add-ons don’t come cheap. Luckily, you have the freedom to select the specific type of additional coverage you require. Let us walk you through the types of car insurance add-ons you can pick to make you and your vehicle more secure on the road.
Special Perils
Don’t let unexpected natural disasters leave you stranded and financially devastated. Did you know that your comprehensive insurance policy might not cover damages caused by floods, storms, and other catastrophic events? Luckily, there’s a solution: special perils protection.
This coverage safeguards your vehicle against natural disasters, including floods, earthquakes, landslides, mudslides, hurricanes, and more. Commonly, the premium for this protection typically amounts to 0.5% of the insured amount. For example, if the insured amount for your vehicle is RM 50,000, you will need to pay RM 250 per year.
So, if you reside in a flood-prone area or want to protect your vehicle from any unforeseen event, consider adding special perils protection to your policy.
All Driver Coverage
If you have a personal vehicle registered under your company, you’ll want to hear about this. All Driver coverage provides protection to all drivers or company employees allowed to drive the vehicle from the risks of accidents. For just RM 50 per vehicle, you can add this coverage and safeguard everyone behind the wheel.
Named Driver
Do you let someone else drive your car frequently? Maybe it’s your spouse, kids, or a friend. If so, you need to make sure you’re protected. If an accident happens while your car is in someone else’s hands, your main policy might not cover all the damages. That’s where a Named Driver policy comes in. In Malaysia, you can add up to 2 drivers to your policy for free, and it only costs RM10 per person for any additional drivers.
Car Windscreen Protection
Your car’s windscreen is an important component that is always at risk. Protect it with an insurance policy that covers the cost of repairing a cracked windscreen or replacing a shattered one. The best part? The premium for this protection is only 10-15% of the cost of your windscreen. For example, if your windscreen costs RM1000, you will only need to pay up to RM150 per year.
But here’s the catch: this protection is only for one-time use. So, if you have already claimed your policy, you won’t be protected again until you purchase it again. However, with comprehensive coverage, you can rest assured that your windscreen will be protected until your policy expires.
Legal Liability
Passenger liability under the law
This coverage protects you from legal liability for any careless actions committed by your passengers. For instance, imagine if a friend you were giving a ride to threw a bottle out of the window, causing an accident and injuring a motorcyclist behind you. You could be sued for causing damage and injury to the rider. But with our additional passenger liability protection, you’ll be covered against such legal actions. It only costs an extra RM 7.50 per vehicle
Legal Liability Coverage for Passengers
Picture this: you’re driving your car with a few passengers when suddenly, you get into an accident. If one of your passengers decides to sue you for negligence, this coverage has got you covered!
Legal Liability coverage for passengers protects you, the driver, from any legal liability claims made by your passengers. So, if you accidentally cause injuries to your passengers and they sue you, this coverage will pay for the costs of any losses incurred.
Just remember, this coverage comes at a premium of 25% of the third-party policy premium.
Compensation for Assessed Repair Time – CART
This coverage provides you with the assurance that your insurance company will compensate you for the time your vehicle is not usable after an accident, but only if you’re not the one at fault. The compensation is based on the adjuster’s estimation of the number of working days required to fix your vehicle, so you don’t have to worry about the number of days it’s stuck in the workshop. You can use the compensation to rent a car or pay for taxi rides during this time.
To claim compensation for the rental car, make sure you have a valid receipt from a licensed rental company and rent a car model that is equivalent to your damaged vehicle.
Public Riot & Damage Protection
Public riots or disorders can be unpredictable and chaotic, and in such situations, your car may suffer damage or even get lost. This coverage protects your vehicle against any unforeseen events caused by public disturbances. And the best part? It only costs 0.3% of the insured amount!
In summary, we’ve highlighted some top-notch car insurance add-ons that we highly recommend you consider before renewing your policy. By taking advantage of these options, you can safeguard your hard-earned cash in case of any unexpected mishaps. So, before you hit that renew button, make sure to give these add-ons some serious thought!
Car Accessories Cover
You’ve invested a fortune in those high-tech accessories for your dream ride, but are you fully protected against theft or damage? If anything happens to your insured accessories due to theft or accidents, this coverage will compensate you for the loss. Just keep in mind that damaged or stolen tires are not covered by this policy. The premium for this protection is 15% of the insured accessory value.
Bjak is one of Malaysia’s biggest insurance comparison sites, with more than 10 insurance brands to choose from. Get your free insurance quote at Bjak today!
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