About Allianz Car & Motor Third Party, Fire & Theft Insurance
Owning a car makes travelling easier, but it also comes with a fair share of responsibilities.
Allianz Car & Motor Third Party, Fire & Theft Insurance covers fire damage to your vehicle, theft of your vehicle, and your liabilities to other parties for death or bodily injury and property damage. So if your car gets stolen from a parking lot or catches fire, you're covered. If the accident is your fault and the other party gets hurt, you're covered there too.
The product has also been enhanced under the Rahmah Insurance Initiative, adding three benefits for all policyholders at no extra charge. These are a Death and Permanent Disablement Benefit of up to RM5,000, Hospital Income of up to RM3,000, and a one-time Compassionate Flood Coverage payout of up to RM3,000. Do note that the flood payout is a personal cash benefit and it is not compensation for flood damage to your vehicle, which remains excluded under the base policy.
Is this car insurance policy renewable?
Yes, it is an annually renewable policy for vehicles.
Allianz car insurance - important terms and conditions
When subscribing to this policy, disclose all material facts upfront and this includes previous accidents and any modifications made to your vehicle.
Excess refers to the portion of any claim you have to bear yourself. Check your policy to know how much this is before you need to make a claim.
Make sure your vehicle is insured at the appropriate sum and kept in roadworthy condition. This policy also operates on a Cash Before Cover basis, meaning coverage only takes effect once payment has been made.
What are the fees and charges that I have to pay?
You will have to pay 10% of your premium as a commission to your insurance agent, an RM10 stamp duty, and 8% of your premium for service tax.
Don't worry though, this amount will already be added to your premium payment.
Allianz Third Party Fire and Theft Insurance major exclusions
The Allianz Car & Motor Third Party, Fire & Theft Insurance policy does not cover certain losses such as:
- Accidental damage to 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.
