What does MSIG Third Party motor insurance cover?
MSIG Third Party covers any compensation as a result of loss or damage of third party property and, in some cases, bodily injury and fatality.
Be rest assured that you are not financially burdened as there is no monetary limit for death and injury claims whereas RM3 million is capped for the loss and damage to their property.
Even so, don’t take things for granted!
Can my passengers sue me?
Potentially yes, and in some cases ABSOLUTELY yes, if an accident is due to your negligence and for endangering their lives. Considering this, you can actually shield yourself from further financial claims from passengers if you toss in a few ringgit to include the passenger liability cover.
Can I get refunded for cancelling this policy?
Yes you can. But bear in mind that the refunded premium is subject to the period your insurance is still in force with MSIG Insurance.
For example, if you have been paying to the insurer for more than 8 months, there is no refund of premium for you.
What should I do after accident?
First you should not commit to pay for any damage, liability or offer any settlement or payment. Get assistance from Auto Assist at 1300-22-1188 to remove your car from the scene and tow it to the nearest workshop.
Then, inform your insurer of the accident followed by a police report within 24 hours.