About Allianz Car & Motor Third Party Cover Insurance
Third party motor insurance is the minimum cover required by law in Malaysia. Allianz Car & Motor Third Party Cover handles your liabilities to other road users, if you cause an accident that injures or kills someone, or damages their property, this policy covers the compensation.
That said, it does not cover your own vehicle. If your car gets damaged, stolen, or catches fire, you bear that cost yourself. Drivers still financing their car under a hire purchase agreement will typically need a Comprehensive policy instead, as most banks require it.
Is the motor insurance policy renewable?
Yes, this insurance cover lasts for one year and needs to be renewed annually.
Allianz motor insurance - highlights of terms and conditions
Disclose all material facts when taking out this policy, this includes previous accidents and any modifications made to your vehicle. This policy operates on a Cash Before Cover basis, meaning coverage only starts once Allianz has received your premium payment.
What are the major exclusions under this Allianz motor insurance policy?
Keep these exclusions in mind when deciding whether to make a claim to Allianz:
- Accidental damage, fire damage, or theft of your vehicle
- Your own death or bodily injury due to a motor accident
- Your liability against claims from passengers in your vehicle
- Loss, damage or liability arising from an act of nature such as flood, storm or landslide
