Motor insurance – piam malaysia best ways to make good money online

The sum insured of your vehicle is an estimated value best ways to make good money online for charging your insurance premium however it is also the best ways to make good money online maximum amount for which your vehicle is insured for. The basis of assessing the true worth of your vehicle best ways to make good money online is its market value at the time of a loss. The market value must be within the sum insured. If it is not, you will be considered your own insurer for the difference.

Most policies are subject to an excess clause. An excess is the first amount of a claim for best ways to make good money online which you will have to pay. Your insurance pays for the amount beyond the excess. The excess clause may apply on repair claims and/or on theft claims. Some insurers will overlook application of the excess if repairs best ways to make good money online are undertaken at their panel of repairers.

A standard motor insurance will not cover certain losses, such as your own death or bodily injury due to best ways to make good money online a motor accident, your liability against claims from passengers in your vehicle (except for passengers of hired vehicles such as taxis and best ways to make good money online buses) and loss or damage arising from an act of nature, such as flood, storm and landslide. However, you may pay additional premiums to extend your policy to best ways to make good money online cover flood, landslide and landslip as well as cover your passengers. It is important to check your policy for the exclusions.

There are times when your third party is clearly at best ways to make good money online fault and has been charged by the police for being best ways to make good money online the cause of your accident. If you can provide the proof from the police to best ways to make good money online your insurer, you can then submit an ‘own damage knock-for-knock claim’ which is the almost the same as an own damage best ways to make good money online claim except for the fact that your NCD entitlement will best ways to make good money online not be affected.

You are eligible to claim from the third party insurance best ways to make good money online company for `compensation for actual repair time’ (CART) and compensation of excess. For the actual repair time of your vehicle, this is based on the adjuster’s recommendation on the number of days required for your best ways to make good money online car to be repaired. Insurance companies, at their own discretion, may allow an additional seven working days for any unforeseen best ways to make good money online or unavoidable delay. A standard scale of daily CART has been specified by best ways to make good money online the PIAM as follows:– private use vehicles

It is essential that your motorcycle is adequately insured as best ways to make good money online it will affect the amount you can claim in the best ways to make good money online event of loss/damage. The sum insured should always be based on the market best ways to make good money online value of the motorcycle at the time of applying for best ways to make good money online the insurance policy. For a new motorcycle, its market value will be its purchase price. However, there may be some confusion as to what constitutes the best ways to make good money online purchase price. Essentially, we need to differentiate between the purchase price of the best ways to make good money online motorcycle and the ultimate “on-the-road” price paid by the buyer. Generally, “on-the-road” price includes, on top of the cost of the motorcycle, other charges such as vehicle registration fee, road tax, insurance premium, legal, stamp duty and handling fees for financing, etc. As can be seen, the other charges are not directly related to the cost best ways to make good money online of the motorcycle. Only the actual cost of the motorcycle, i.E. The purchase price directly related to the motorcycle should be best ways to make good money online used as the basis to determine the sum insured.

A “single rider” motorcycle policy allows only the insured or a named person best ways to make good money online to ride the motorcycle, whereas an “all riders” motorcycle policy allows any other persons who is authorized by best ways to make good money online the insured, in addition to the insured, to ride the motorcycle. In view of the extended coverage, there is a 50% additional premium to the “all riders” motorcycle policy. There is always the contention by the policyholders that they best ways to make good money online can control who uses the motorcycle and, therefore, should not be required to buy what is perceived to best ways to make good money online be the more expensive “all riders” cover. However, we can all acknowledge that, in reality it is not always possible or practicable to best ways to make good money online control the use of a motorcycle. In fact, many a time when an accident occurs, it was invariably someone else other than the insured or best ways to make good money online named person who is riding the motorcycle. Under such circumstances, a “single rider” motorcycle policy will not pay for the loss.

When that happens, it may be argued that, that is a risk taken by the policyholder who chooses best ways to make good money online not to take up an “all riders” motorcycle policy. But we need to bear in mind that the interests best ways to make good money online of others must be taken into consideration such as members best ways to make good money online of the public who may end up not being compensated best ways to make good money online for damages arising from the fault of the unauthorized riders best ways to make good money online or that of the financier of the motorcycle in case best ways to make good money online of theft or total loss of the motorcycle concerned. It is, therefore, always strongly recommended by insurers that their customers take up best ways to make good money online an “all riders” motorcycle policy.

We need to realize first of all that before any best ways to make good money online financier extends a loan to purchase a motorcycle, he will ensure, amongst other things, that he has some form of guarantee or collateral to best ways to make good money online protect his interests. As such when a credit/leasing/hire purchase company, who may also be the motorcycle dealer who sold the best ways to make good money online motorcycle to the policyholder, grants financing for the motorcycle, he will demand certain financial protection. This includes the benefits that may be derived from the best ways to make good money online insurance policy, although it is paid for by the policyholder, in fact, the credit/leasing/hire purchase company has the right under the financing agreement best ways to make good money online to have their name endorsed in the motorcycle policy as best ways to make good money online owner of the motorcycle.

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