Buleh Bah!

This year baru ja saya renew my roadtax and insurance. I went to KL, my mother-in-law fetched my wife di Likas, masa balik, di simpang pigi Luyang, Stadium Likas dekat dengan Basel Church... "bang" berlanggar dengan Toyota Unser. Both banged into each other, siapa yang bersalah.. kurang pasti sebab both were running on green light (menurut mereka). Lucky no one is injured.  Nah, to shorten the drama, the car masuk workshop. Cerita punya cerita, the workshop operator doesn't want to repair if the insurance is AmBank (mereka tengah boikot- they said the processing too complicated, wasting time, energy, and money). Then the car towed to another workshop, this time ok. Cerita punya cerita lagi, alamak they said my car is underinsured, I have to pay the balance cost la pula. I don't understand at first, tapi bila saya buat research they are doing this kind of calculation:

sum-insured/car current value * repair cost = claimable fee.

Example:

Your car sum-insured is RM10,000.00, car current value is RM18000 and the repair cost is RM2000.00 the claimable fee is RM10000/RM18000*RM2000.00=RM1111.11

Now you still need to pay RM2000 - RM1111 = RM 999 to the workshop.

So moral of the story is: Get insurance that is cover the current value of the car or the safer side buy insurance that equal to balance car repayment. Mahal sikit la tapi, when it happen (accident) you don't have to worry.