Zurich Malaysia is urging vehicle owners to add on special perils coverage in light of heavy rains expected from mid-November by the Malaysian Meteorological Department (MetMalaysia). With increased rainfall brought on by the monsoon transition phase as well as the ongoing La Nina phenomenon (until early 2023), flash floods have already impacted some areas and there’s a possibility of more occurrences in the coming weeks.
We’ve discussed the topic of special perils coverage before, but it’s worth repeating that if you don’t have it, there’s not much you can do to submit a claim in the event your vehicle is damaged by floods (or other forms of natural disasters).
In a recent release, Zurich Malaysia says customers can add special perils coverage at any time throughout the year to protect them from loss or damage caused by natural disasters, including floods. The company includes a handy table to show how much it’ll cost you to opt-in for both its Z-Driver and Z-Driver Takaful plans, which we’ve included in this post.
The company also said that 59% of Malaysian motorists still do not have adequate protection against flood damage based on its Impact of Pandemic on Protection survey that was conducted among 990 vehicle owners in September 2021.
Besides floods, special perils coverage can also include landslides and falling trees, both of which are potential perils that the company says Malaysian motorists may not be prepared for. The statistics provided indicate just one in three motorists (34%) reported having coverage for storms, including falling trees, and only 29% are covered for landslides.
As we’ve discovered in our previous post on special perils coverage, the small additional fee relative to your vehicle’s value is worth it. This is especially true if you consider the amount of time and money you’ll be spending to fix your car should the undesirable happen and you’re not covered. Speak to your insurance provider to find out if you are adequately protected.
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Motorists,the majority TIDAK APA until tragedy strikes.
It only takes a 3 hour downpour to create Sri Muda 2.0 .
Make no mistake..banks will sue you for bankruptcy if your 100grand X70 is flooded beyond repair with no flood insurance. Once you r blacklisted,u cant even buy a kapchai or Courts mammoth sofa set on hire purchase.
How much need to pay & how much is the cover? Kalau beli insuran bencana, katakan kos repair cecah RM17,000, adakah insurance masih cover?
The special perils coverage should be up to your vehicle sum insured. So the repair cost of RM17,000 is covered is your vehicle sum insured is more than this amount and you bought special perils add on.
59% motorist stays and commutes around getting highland forever flood free