About Tokio Marine Third Party Motor Insurance
The Tokio Marine Third Party Motor Insurance provides protection against liabilities to other parties for injury or death and damage to other parties’ property.
What does this car insurance cover?
Third party bodily injury and death (without limit); and third party property loss or damage (limits are up to RM3 million).
The optional benefit that you may wish to purchase by paying an additional premium is passenger liability cover.
The motor insurance highlights
The Importance of Disclosure, whereby you must disclose all material facts such as previous accidents and modification to engines. If your vehicle is still under Hire Purchase, you need to buy a Comprehensive Cover because this policy does not cover loss/damage to your vehicle.
What are the major exclusions of this policy?
This policy does not cover certain losses, such as:
- Accidental or fire damage to your vehicle or theft of your vehicle;
- Your own death or bodily injury due to a motor accident; and
- Your liability against claims from passengers in your vehicle.
This list is non-exhaustive.
Can I cancel my Tokio Marine Third Party Motor Insurance policy?
Yes, you may, by giving written notice to Tokio Marine Insurans (Malaysia) Berhad.
Upon the car insurance policy cancellation, you are entitled to a refund of your premium if your vehicle has been insured continuously for more than 12 months or short-period rates provided that no claim was made during the period of insurance.