What is the Pacific Third Party Motor Insurance all about?
This policy provides insurance against liabilities to other parties for injury or death and damage to other parties' property.
What are the covers or benefits provided?
This policy covers: third party bodily injury, death and third party property loss or damage. Duration of cover is for one year. You need to renew your insurance cover annually.
How much premium do I have to pay?
The premium payable is based on several factors including the value of your vehicle, its engine capacity, loading, the sum insured, and now insurers take into consideration driver details as well. Specifically your age, gender, occupation or education, place of residence and your claims history. This method of risk assessment will be used, therefore the lower the risk the lower your premiums.
What are the major exclusions under this policy?
As the name of the policy suggests, losses e.g. your own death or bodily injury due to a motor accident and your liability against claims from passengers in your vehicle are not covered. Besides that, fearsome acts of mother nature e.g. flood, storm, or landslide are not insured under the Pacific Third Party Motor Insurance. For a complete list of exclusions, please refer to your policy contract or the insurance agent.
How do I make a claim?
The Pacific Insurance Berhad must be notified in writing with full details as soon as possible after the unfortunate event has occurred. Also, it is required by law to lodge a report to the police in the event of an accident!