AIG Malaysia Car Insurance Kuala Lumpur
AIG Malaysia Motor Insurance Kuala Lumpur
Motor Insurance, Car Insurance, Auto Insurance
AIG Motor Vehicle Insurance Policy
Private Car or Commercial Car
ACPG Motor Vehicle Insurance (Private/Commercial Use)
For The Love of Your Ride & Protection of The Driver
ACPG Hotline 03-9286 3323
No Matter how good your own driving skills are, owning a car can be an expensive and risky business. That ...
's why it pays to cover your vehicle against accident or theft.
ACPG Motor Insurance offers you a thorough and comprehensive approach to motoring wherever you go.
ACPG Management Sdn Bhd
What We Can Do.....
One of the reasons we at ACPG Management Sdn Bhd, are one of the top Property and Casualty Insurance Agency in the Kuala Lumpur Malaysia market, is due to the quality and variety of insurance solution and consultancy services we provide. Be it automotive insurance, fire insurance, all others type classes of life and general insurance, consequential loss insurance, insurance of precious possessions or what have you, you can rest assured that we provide nothing less than what are stated below, which makes us an insurance agency that is truly "Almost with No Comparison”, and we do not make such claims lightly.
Market Value or Agreed Value Policy
Comprehensive motor insurance can cover you against accidental loss of, or damage to, your car, up to either its:
Market Value – what your car is worth just before the damage occurs; or
Agreed Value – where you and your insurance company agree on the value of the car at the beginning
of the contract and at each renewal.
If your policy is based on Market Value:
You must ensure your car is adequately insured as it will affect the amount you can claim in the event of loss / damage.
For new car, the sum insured is normally the purchase price.
For other cars, the sum insured should be based on the market value of the vehicle when you buy the policy.
Under-insurance: if sum insured is less than the market value, you are deemed as self-insuring the
difference. In the event of a loss, you will only be partially compensated.
Over-insurance: if sum insured is higher than the market value, maximum compensation you will receive
is the market value of the vehicle. You cannot profit from a claim (principle of indemnity).
It is important to insure your car at the appropriate market value to avoid under-insurance or over-insurance.
With effect from 1 August 2011, your insurance company (and also takaful operator) or the agent must advise you on the present market value of your car before you buy or renew your motor cover.
Advice on the present market value must be based on the ISM Automobile Business Intelligence System (ISM-ABI system) or any other credible vehicle valuation database.
The present market value of your car will be indicated in the renewal notice or product disclosure sheet issued to you before you buy the policy.
The advice will be provided to you without additional charge.
If you agree to insure at the value recommended by your insurance company, you will not receive a
lower amount of compensation following a claim due to under-insurance.
To ensure consistency in the market value of your car at the point of purchase and subsequent claim,
your insurance company should refer to the same database to determine the market value of your car
in both instances.
If your policy is based on Agreed Value:
You and your insurance company agree on the value of the car at the beginning of the contract and at each renewal. If your car is totally destroyed or stolen, your insurance company will pay the sum insured in full.
ACPG Management Sdn Bhd
Your Experience Insurance Risk Management and Solution Service Provider since year 1989 and Head Office Located at Kuala Lumpur Malaysia .
For more details of Malaysia Insurance package and risk management services www.acpgconsultant.com and contact our ACPG careline +603-92863323.
, Car Insurance
, Motor Insurance
Contact AIG Malaysia Motor Insurance Kuala Lumpur
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