What is this third-party coverage like?
This RHB motor insurance cover is made exclusively for motorcycles and their riders, considering it is more common for someone to own a motorcycle rather than a car. You will get quite a few benefits with this cover but you will need to take note that it is in fact a third-party insurance and be aware of who it benefits most when you are on the road.
What does it cover?
As it is a third-party cover, if you caused an accident, then the victim will have coverage for bodily injury, loss or damage of their property and accidental death. So, remember to be alert of the other road users around and to be courteous on the road.
You will have a warranty on claim features, where you will get compensation for faulty repairs or the replacement of parts should you need it. Of course, this is limited to a time frame allocated to you.
However, you will have additional cover for fire and theft as well in case someone decided it was a good idea to smoke too close to a petrol tank or something.
What are the other perks?
Well if you find yourself stranded with a damaged bike, then you can call for a towing service that is free up to a maximum of RM50. So, no need to trouble yourself or your friends trying to find a way home. The policy will also offer 24-hr roadside assistance so that means even if it’s 3 o’clock in the morning, help will come.
How do I pay my premiums?
There are now several factors that go into the calculation for your motor insurance premiums, as insurance companies are taking more of a risk assessment approach when deciding. The calculations are now based on;
- The value of your vehicle
- Engine capacity
- Sum insured
- Age of the Rider/Driver
- Place of residence
- Claim history
The principal being applied is that the lower the risk, the lower your premiums rates.