About Allianz Third Party Fire and Theft Insurance
Owning a car makes traveling easier but it also brings with it a lot of responsibilities.
With Allianz Third Party Fire and Theft Insurance, enjoy your ride and worry less when you park at an unfamiliar place, damages caused by fire, or injury to other motorists.
In a nutshell, this Allianz car insurance provides coverage for fire damage to your vehicle and theft of your vehicle.
At the same time, you will be covered against third party liabilities to other parties for death or bodily injury and damage to other parties’ property.
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 the Third Party Fire and Theft Insurance by Allianz, it is crucial that you disclose all material facts such as previous accidents and modifications to your prized set of wheels.
In your insurance policy, you will often come across the word “excess” which means the amount of loss you have to bear in the event of an accident.
On top of that, ensure that your vehicle is insured at the appropriate amount and is maintained in a roadworthy condition.
Lastly, auto insurance is a Cash Before Cover policy - you have to make payment for the issuance of cover note and policy before coverage takes effect.
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 6% 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 Third Party Fire and 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.