What is the Pacific and Orient Third Party Motor Insurance all about?
This third party policy provides insurance against your liabilities to others who are on the road for injury or death and damage to their property - remember how much you had to pay that one time you banged into another person's car before you had a license? Yeah, it's painful.
That means you won't be getting the extra protection for your own car provided by comprehensive motor insurance, but you will at least not be screwed when you are careless on the road and hurt other people in the process!
What are the fees and charges that I have to pay?
On top of your premium, you also have to pay 10% of your premium as commissions to your insurance agent and RM10 stamp duty, but that's already included in your premium payment.
What are the other major exclusions under this policy?
You won't be covered in you've suffered injury or death as a result of a motor collision, including liability towards claims brought froward by your passangers. As mentioned above, you won't be covered for your own car, even if you've lost it in a flood, storm, or landslide.
If you're concerned with natural disasters, especially floods which seem to be getting worst with every passing year here in Malaysia, you can always go for a comprehensive motor insurance plan for
How about my NCD entitlement?
First, your no-claim discount will depend on the type and purpose of your vehicle. For a motorcycle or commercial car, you NCD starts at 15% for the first year, and 25% if no claim is made for 3 years straight. For private vehicles, the ones you keep at home and send your kids to school with, you get 25% discount for the first claim free year, and a maximum of 55% if you've got a clean record for 5 years and above.