What are the benefits provided by Lonpac Third Party Private Vehicle insurance?
This would be an ideal motor insurance plan for those who wish to have themselves shielded from liability against injury or death to others on the road, including damages caused to their cars and houses. This protection will last for 1 year, and you will have to renew your insurance cover annually.
How much premium do I have to pay?
There are several factors that go into the calculation of your premiums, therefore you will need to have a sit down with your adjuster about what exactly affects your rates. Some of the factors involved in the risk assessment are as follows; However, they may be subject to change at any given time.
- Value of the vehicle
- Engine capacity
- Sum Insured
- Age of Driver
- Gender of Driver
- Occupation/Education of Driver
- Place of Residence
- Claim History
What are the major exclusions under this policy?
The first thing to remember before making a claim is that a third party motor insurance such as this one will not cover loss or damage caused by to your vehicle, accident or otherwise. Other than that, you won't be able to claim for your injuries due to a motor accident, claims against you made by your own passengers (yes, your mom can sue you in court too!), or loss and damage caused by natural disasters - floods are a major problem in some cities in Malaysia, so you'd probably want to opt for a comprehensive motor insurance plan instead!