28 January 2010
Personal Accident Coverage insurance or PAC insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.
While purchasing or renewing your car insurance, injury and death to the driver and passengers are not inclusive in the comprehensive coverage. Therefore, it is recommended to purchase Auto PAC while renewing your car insurance.
The benefits are as below:
| No |
Benefits (Per Life Insured) |
Coverage / Sum Insured |
| 1 |
Accident Death |
RM 20,000 |
| 2 |
Total and irrecoverable loss of all sight in both eyes.
Total loss by physical severance of both hands or both feet or one hand and one foot.
Total loss by physical severance of one hand or one foot together with the total and irrecoverable loss of all sight in one eye |
RM 20,000 |
| 3 |
Medical and Surgical Treatment for such injury in respect of any one accident. |
Limit to RM 2500 / accident |
Now, while renewing with www.EasyRenew.com.my, you may select Auto PAC as an extra coverage for only RM 75 + Rm 10 (Stamp Duty) for vehicles with 5 seats. Charges apply for vehicles for more than 5 seats.
* If you think this article is wrong or confusing, please leave a comment here.
05 January 2010
Please be noted this article does not relate to late renewal of insurance and road tax.
Assuming it is now 01/01/10, your insurance and road tax expires on 20/01/10, thus the actual period of cover (both insurance and road tax) should start on 21/01/10, and for some reasons, you prefer to start it on 22/01/10.
Yes, you can. However, you are risking a day without insurance coverage and road tax. In addition, your road tax renewal can only be done on or after 22/01/10, as the insurance does not cover on 21/01/10.
Warning: It is not recommended. Please be reminded that your vehicle is risking a day without insurance coverage and road tax. This is not only against the regulations, and you may not use your vehicle for a day.
* If you find this article is wrong or confusing, please leave a comment.
06 November 2009
Hi all readers,
As you may be interested, www.EasyRenew.com.my is having an event to meet up with the creators of Easy Renew with the readers on this coming Sunday, 8th November 2009 along with the Used Car Carnival Sales with CHIN MOTOR at
Venue: CHIN MOTOR, LOT 1395, Jalan PJS 9/2, Bandar Sunway, 46150, Petaling Jaya.
Date: 8th November 2009.
Come meet up with the creators and understand the concept and how www.EasyRenew.com.my works while taking advantage of the discount sales of your favorite or dream cars at CHIN MOTOR.
See you guys there.
02 November 2009
This happens when your car insurance and road tax have expired for some time.
In fact, you are not allowed to backdate your insurance and road tax. Here’s an example you may refer to:
Case 1
Mr. X’s car insurance and road tax expired on 1/11/09. Today is already 7/11/09 and he decided to renew his insurance and road tax. He wishes to backdate renew his insurance and road tax from 2/11/09.
It is impossible to cover your vehicle with the period of cover that is already past. By the way, it’s not fair for owners to pay to protect the past, and impossible. Thus, the period of cover must always start from today or future.
As for Mr. X’s case. He should start his renewal on 7/11/09.
If he had an accident or encountered theft during this week time with no insurance coverage, it would be at his total responsibility for damage or loss of his vehicle.
*If you think this post is wrong or confusing, please leave a comment.
22 October 2009
Unfortunately, there is a restriction for insureds to purchase or renew with more than 1 insurance company. Some might insure with 2 or more insurance companies, so that they can profit from the insurance companies. However, this is not allowed.
It is a breach of a clause in the agreement that says that the insured must not be insured by more than one insurance provider. Insurance companies have the right of not compensating when you are making a claim, or the total claim amount will be split among the insurance providers accordingly.
You must remember that you must not profit from insurance claims.
* If you think this post is wrong or confusing, please leave a comment.
13 October 2009
Unfortunately, the answer is NO. You must purchase Comprehensive coverage plan for your vehicle when your vehicle is still under hire & purchase service by any financial institutes.
The reason is: when your vehicle is under hire & purchase service, the financial institute (bank or credit company) own the vehicle and not you. Thus, in order to protect the vehicle, it is compulsory to purchase the full comprehensive coverage plan until you have fully paid off or settled the hire & purchase service. Till then, you may decide to purchase either comprehensive or third party coverage plan on your own preference.
* If you think this post is wrong or confusing, please leave a comment.
13 October 2009
The difference between comprehensive and third party coverage is vast. While you are deciding which coverage you should opt for, there are a few things you may need to consider.
1) Age of your vehicle
2) Value of your vehicle
3) Is your vehicle under hire & purchase (car loan) service?
Usually, owners will opt for third party coverage when their vehicles are old, have low value and finished hire & purchase service.
* If your vehicle is still under hire & purchase (car loan) service, it’s compulsory to purchase COMPREHENSIVE coverage only.
However, it’s wise to have comprehensive coverage.
| Insurance Type / Cover |
Third Party |
Comprehensive |
| Liability to third party involved for: |
|
|
| injury |
YES |
YES |
| death |
|
|
| property loss / damage |
|
|
| Loss / damage to own vehicle |
NO |
YES |
| due to accidental fire / theft |
|
|
| Loss / damage to own vehicle |
NO |
YES |
| due to accident |
|
|
|
Insurance Type / Cover
|
Third Party
|
Comprehensive
|
|
Liability to third party involved for:
|
|
|
|
injury
|
YES
|
YES
|
|
death
|
|
|
|
property loss / damage
|
|
|
|
Loss / damage to own vehicle
|
NO
|
YES
|
|
due to accidental fire / theft
|
|
|
|
Loss / damage to own vehicle
|
NO
|
YES
|
|
due to accident
|
|
|
05 October 2009
It is always not advisable to renew your car insurance and road tax the Malaysian preferred way, the last minute way. You may think that you will definitely get them done even at the very last minute. Unfortunately, you must always remember this, “Things tend to break down when you need them the most. ”
Case 1:
Mr. A renews his car insurance and road tax on the same day of his car insurance and road tax expiry. Everything goes fine until when he waits for his road tax. He is informed that he has a traffic summon to be settled before he can have his road tax renewal done. Unfortunately, the PDRM (traffic police) system has been down for quite some time and he is unable to settle his summon. Thus, he could not drive his vehicle for the entire week, and till the day where he is able to pay the summon. The JPJ system is down for some unknown reasons, and he has to wait again till the system is back online in order to renew his road tax.
Imagine the inconvenience Mr. A experiences during the waiting period.
It is always good to get things done before it gets urgent. It helps save your unnecessary troubles and problems.
* If you think this post is wrong or confusing, please leave a comment.
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