What is the RHB Comprehensive Motorcycle Insurance all about?
The Policy Provides insurance coverage against loss or damage to your motorcycle and against liabilities to third parties for injury or death and property damage.
Could you tell me more about my NCD entitlement?
If no claim is made and provided that you have been insured continuously for a period of 12 months, you are entitled to a No-Claim Discount on renewal of your policy as follows:
|Period of Insurance||Discount|
|After the 1st year of insurance||15%|
|After the 2nd year of insurance||20%|
|After the 3rd or more years of insurance||25%|
What are some of the key terms and conditions that I should be aware of?
- When purchasing an auto insurance, it is to your own advantage to disclose all material facts to your insurance agent. Who said so? The Section 149(4) of the Insurance Act 1996 said so! History of previous claims/accidents, modification of vehicle engines etc. are some of the facts that your insurance agent must be informed of.
- To get the coverage that you deserve, an IOU letter will not guarantee you of your protection. Hence, the Cash Before Cover basis states that you will only receive our service once you have made your paid your premium.
- Note that your excess amount as it is the amount of loss you have to bear if your vehicle is damaged due to accident. RHB Insurance Bhd will pay the balance of your vehicle damage claim. You must pay the amount of the ‘excess’ direct to the repairer.
- You must ensure that your vehicle is insured at the appropriate amount. For new vehicles, the sum insured is the purchase price; For other, it is based on the market value of vehicle when policy is bought. As a principle of indemnity, you cannot profit from a claim.