Car Stolen!
+11
joepele
Daniel^Bigcow
JuanST
Juz@kid
lukester
Fortec
NiVleK
jl1500k
aural
Dummyhalf
mkkiaforte
15 posters
Page 1 of 1
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?
If this happen to our forte, will our insurance covers it?
mkkiaforte- Junior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
Mine is a comprehensive coverage from CnC. Have yet to read the details.
mkkiaforte- Junior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
mkkiaforte wrote:Thanks for the sharing Aural gum xia gum xia.
No worries. Good to ask, at least now u can tell others also.
aural- Senior Member
Re: Car Stolen!
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!
jl1500k- Junior Member
Re: Car Stolen!
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.
mkkiaforte- Junior Member
Re: Car Stolen!
Good point.NiVleK wrote:Eh....also depends if they cover malaysia.....
mkkiaforte- Junior Member
Re: Car Stolen!
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?
my cousin's jaguar got stolen a few years back in m'sia, insurance got payout. But I wonder if his premium increased?
lukester- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
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- Senior Member
Re: Car Stolen!
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.....
JuanST- Senior Member
Re: Car Stolen!
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. :-)
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- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
ermmm i think most of us using AIA right?
anyone has any idea about AIA coverage?
anyone has any idea about AIA coverage?
lukester- Senior Member
Re: Car Stolen!
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- Senior Member
Re: Car Stolen!
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...
joepele- Senior Member
Re: Car Stolen!
Happen to have another company'sT&C with me. But like i mentioned the cover for geographic location is similar.
aural- Senior Member
Re: Car Stolen!
haiz malaysia is problematic.. we boost their economy and they trying to chase us away haiz
Divine- Senior Member
Re: Car Stolen!
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.
loveforte- Member
Re: Car Stolen!
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.
jl1500k- Junior Member
Re: Car Stolen!
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.
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.
aural- Senior Member
Re: Car Stolen!
market value --- how is this computed... is this same as scrap value?
JuanST- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
so as good as scrap value.... but a bit unfair as scrap value is 50% off immediately after collection....
JuanST- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
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.
u only become partner when they want u to pay or renew the contract.
JuanST- Senior Member
Re: Car Stolen!
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.
aural- Senior Member
Re: Car Stolen!
Been hearing so many friend car got stolen in MY.....
so PISSED.......
so PISSED.......
Nolicense2- Junior Member
Re: Car Stolen!
Nolicense2 wrote:Been hearing so many friend car got stolen in MY.....
so PISSED.......
so what can you do to help?
impact2001- Moderator
Re: Car Stolen!
Nolicense2 wrote:Been hearing so many friend car got stolen in MY.....
so PISSED.......
more details pls.... model and place...
JuanST- Senior Member
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