What is the Zurich Z-Rider?
Z-Rider, is a Zurich motor insurance policy made specifically for the protection of motorcycles, seeing as it is one of the more popular vehicle choices. The policy provides protection against liabilities to other parties for injury, and or damage of the other’s property in an accident.
It also provides you with optional covers for perils beyond your control, should you choose to purchase them.
How much does it cover exactly?
Essentially it covers;
- Third party bodily injuries and death
- Third party property loss or damage and
- Loss or damage to your own vehicle due to accidental fire, theft or accidents
Don’t worry though, Zurich will provide you with some optional benefits that you can pick up if you required. These benefits include;
- Damage arising from floods
- Damage arising from strike riot and civil commotion
- And finally, Accidental Death
Should you choose to pick up any of these optional benefits, you will need only pay a small fee in addition to your monthly premiums. Please also take note that these benefits can cover both yourself and the 3rd party involved.
How does the No Claim Discount work?
With this coverage plan, you will get to have NCD that will progressively increase the longer you have the policy without any claims. For the first year that no claims are made, you will receive a 15% discount on your premiums. The following year will earn you a 20% discount, and finally if you have not made any claims in 3 years from your date of policy purchase, you will have a constant 25% discount on your premiums.
Remember that NCD’s are conditional and rely on the fact that you have not met with an accident.
What are some of the key T&C’s that I need to know?
There are a few that you might want to take note of. First of all, you will need to disclose all material facts and details pertaining to your car, upon the registration for this policy. For example, previous accidents, modifications made to the car or engine and etc.
You also need to ensure that your vehicle is insured at the appropriate amount according to the market value of the car. Lastly in the case, you need to draw on insurance due to an accident. There will be an excess penalty if the vehicle was driven by a person not named, having a “P” and “L” License, or under the age of 21. The amount is set at RM400.