Motor Insurance, another expenditure in additon to Road Tax, which is
mandatory to be purchased by the owner of a vehicle.
Motor Insurance is to protect the policyholder (car owner) against any unexpected
incidence, which might cause:
1. Loss or damage to his own vehicle (Comprehensive cover).
2. Loss or damage to another person's vehicle or death or bodily injury to a third
party (Third Party cover).
Type of Covers
The cover offers protection against financial loss because it covers
fire, theft and accidental damage to the Insured's vehicle in addition to the protection against the
legal liabilities to third party for death and bodily injury and damage to property that may arise in
the event of accident.
Your Comprehensive Motor Insurance coverage
includes Standard Factory-fitted Accessories due to burglary or theft. But, Non-factory fitted
accessories are not, unless declared and accepted by your insurer in advance.
Items Not Covered includes: laptop, handphone, camera, wallet,
watch, jewellery, portable electronic devices & ... Such items can be insured under All Risks
The cover offers protection against financial loss as a result of damage
the driver of the vehicle may cause to a third party. It also
provides protection against any claims that may arise because of the death of or injury to another
person in the event of accident.
Your standard motor insurance policy Does Not cover:-
Use for hire and reward
Use for racing pace-making reliability trial speed testing
Use for the carriage of goods other than samples in connection with
any trade or business
Use for any purpose in connection with the Motor Trade
Your own death or bodily injury
Loss/damage arising from an act of nature e.g. flood,
The premium for the insurance will be reduced if no claim is made
against the policy during the past 12 months. Percentage of NCD could be as high as 55%, depend on the continuous
number of year without any claims made against the policy.
If you sell your motor vehicle, you Must comply with the following:
Under the Road Traffic Ordinance 1958, it shall be unlawful
for any person to use or permit any other person to use a motor vehicle without a valid Policy or
Certificate of Insurance.
Thus, on the sale of motor vehicle they must surrender the
Certificate of Insurance and the Policy tothe insurance company. If the Certificate of Insurance has been lost or
destroyed, a Statutory Declaration to that effect must be made. Failure to comply with this obligation is an
offence under the Road Traffic Ordinance.
The policy will cease to be valid once the motor vehicle has been
sold to another person unless the transfer of interest has been duly notified to and agreed to by the insurance
company concerned. If the insurance company agree to cover the new owner they will endorse the policy accordingly
and will issue a new Certificate of Insurance in the new owner's name.