Car Stolen!

Just read from evening Chinese papers that a mitsubishi kena stolen in Jusco, JB. Car has only been used for 1yr only and 9 more yrs of installments to go.

If this happen to our forte, will our insurance covers it?

have to read the insurance coverage

mkkiaforte wrote:Just read from evening Chinese papers that a mitsubishi kena stolen in Jusco, JB. Car has only been used for 1yr only and 9 more yrs of installments to go.

If this happen to our forte, will our insurance covers it?

yupz.

Mine is a comprehensive coverage from CnC. Have yet to read the details.

mkkiaforte wrote:Mine is a comprehensive coverage from CnC. Have yet to read the details.

For insurance they cover comprehensive, 3rd party fire and theft, 3rd party only and fire and theft only.
Basically the first one comprehensive covers all the rest plus own dmg.

Thanks for the sharing Aural gum xia gum xia.

mkkiaforte wrote:Thanks for the sharing Aural gum xia gum xia.

No worries. Good to ask, at least now u can tell others also.

mkkiaforte wrote:Just read from evening Chinese papers that a mitsubishi kena stolen in Jusco, JB. Car has only been used for 1yr only and 9 more yrs of installments to go.

If this happen to our forte, will our insurance covers it?

mitsubishi GLX or EX? They tow the whole car or break in and drive away? fierce man!

Eh....also depends if they cover malaysia.....

According to the article, it was stolen within minutes. 2 buggers came in Kelisa/Kancil and quickly did the work and left in lighting speed together. From the photo, it looks like Lancer GLX.

NiVleK wrote:Eh....also depends if they cover malaysia.....

Good point.

Poor chap.

i think it does cover.

my cousin's jaguar got stolen a few years back in m'sia, insurance got payout. But I wonder if his premium increased?

Most insurance will cover up to certain distance into thailand actually. So if you are driving up north ensure ur cover has until malaysia at least.

mkkiaforte wrote:According to the article, it was stolen within minutes. 2 buggers came in Kelisa/Kancil and quickly did the work and left in lighting speed together. From the photo, it looks like Lancer GLX.

e 2 buggers hv tarnish e country slogan by doing e wrong "Malaysia Boleh"....

Juz@kid wrote:

mkkiaforte wrote:According to the article, it was stolen within minutes. 2 buggers came in Kelisa/Kancil and quickly did the work and left in lighting speed together. From the photo, it looks like Lancer GLX.

e 2 buggers hv tarnish e country slogan by doing e wrong "Malaysia Boleh"....

maybe gunning for book of records.... still need to beat hollywoods gone in 60 secs.....

Well, guess it depends on your coverage. Also premiums more I guess??

I know like most normal insurance policies for accidents dun cover overseas rite aural?? :-)

Think you need to buy a separate travel insurance or something like that. :-)

Daniel^Bigcow wrote:Well, guess it depends on your coverage. Also premiums more I guess??

I know like most normal insurance policies for accidents dun cover overseas rite aural?? :-)

Think you need to buy a separate travel insurance or something like that. :-)

Most motor policies will exclude overseas but most will have an endorsement to include west malaysia and 60km into thailand also for some. Usually there is not separate policy.

ermmm i think most of us using AIA right?
anyone has any idea about AIA coverage?

lukester wrote:ermmm i think most of us using AIA right?
anyone has any idea about AIA coverage?

Some minor corrections here.

The motor is from AIG.
AIG do cover up to a distance into thailand exact distance i check and revert. Cannot remember all the details one shot

aural wrote:

lukester wrote:ermmm i think most of us using AIA right?
anyone has any idea about AIA coverage?

Some minor corrections here.

The motor is from AIG.
AIG do cover up to a distance into thailand exact distance i check and revert. Cannot remember all the details one shot

Dun think so...

if I remember correctly... it covers till Msia end only... When you drive into TH, you'll need to buy another insurance that would cover TH too...

Well... that was applicable for bikes la... back then... when I rode to Hatyai.... 10 yrs ago...

Happen to have another company'sT&C with me. But like i mentioned the cover for geographic location is similar.

haiz malaysia is problematic.. we boost their economy and they trying to chase us away haiz

most of the insurance company will offer 80KM within borders of malaysia. last time my vios is using a singapore based malaysia insurance company. Longpac. cheap and gd. got a few pages of workshop for u to choose oso.

mkkiaforte wrote:According to the article, it was stolen within minutes. 2 buggers came in Kelisa/Kancil and quickly did the work and left in lighting speed together. From the photo, it looks like Lancer GLX.

Lancer GLX got immobiliser + alarm also kena hack and drove away. Those buggers really Pro man. Like that our forte also not safe liao.

Btw about what really happens, when the insurer determines it is a theft and so on. They will give mkt value.

Same as accidents during a total loss and there is not one to one replacement. The insurer give you the mkt value at point of loss.

So if your loan is 60k outstanding and the mkt value is only worth 40k then u have to find the 20k to top up.

By right if we do not take loan then the payment is usually just nice to pay for our car mkt value or slightly lower. But then again how possible is this for average SG ppl like us.

market value --- how is this computed... is this same as scrap value?

JuanST wrote:market value --- how is this computed... is this same as scrap value?

Sad to say most of the time is body + coe remainging. Saw one case of total loss after 3 yrs the guy have to top up 10k+ to pay off loan to after the insurer paid the total loss.

so as good as scrap value.... but a bit unfair as scrap value is 50% off immediately after collection....

JuanST wrote:so as good as scrap value.... but a bit unfair as scrap value is 50% off immediately after collection....

Well some people say like tt might as well dun buy insurance but dun buy the 50% also dun have. Its a lan lan situation.

and insurance company keep on complaining....

JuanST wrote:and insurance company keep on complaining....

I do many type from life, investment, motor, business, travel and so on.

Not all aspects will make good money that is for sure. The motor biz is one aspect that is really hard for the insurer to get good money. Many claims escalate due to rogue workshops, legal fees and such. End of the day, the money paid out few k did not go to the insurer but to the above mentioned parties.

understand.... but u see from the consumer perspective... when u need help most... then a lot of barriers are put up...we end up feeling that u against the one who bang u and then when u turn to ur insurance, they also wanna protect themselves and put themselves as another adversary instead of the partner.

u only become partner when they want u to pay or renew the contract.

JuanST wrote:understand.... but u see from the consumer perspective... when u need help most... then a lot of barriers are put up...we end up feeling that u against the one who bang u and then when u turn to ur insurance, they also wanna protect themselves and put themselves as another adversary instead of the partner.

u only become partner when they want u to pay or renew the contract.

I 100% undertand this, i also a consumer myself.
Reality sucks. So that's why for a simple motor insurance i usually get my assistant to do up so many quotes just for one car.

Been hearing so many friend car got stolen in MY.....
so PISSED.......

Nolicense2 wrote:Been hearing so many friend car got stolen in MY.....
so PISSED.......

so what can you do to help?

Nolicense2 wrote:Been hearing so many friend car got stolen in MY.....
so PISSED.......

more details pls.... model and place...