Conducive motor insurance for all
Chubb Malaysia crafts policies in light of motor insurance liberalization.
MY Car Insurance is Chubb’s first-ever non-tariff motor insurance policy that was created in line with the liberalization of Malaysia’s motor insurance. The policy is developed to allow motor insurance products and services to comply with the budget of the consumers. These policies also have premium rates that will be liberalized, and are based on the individual risk profile of vehicle owners.
Chubb devised two policies where MY Car Insurance covers loss or damage of vehicles caused by an accident, flood, as well as thirdparty liability. The benefits generally comprise minimal roadside fixes, compensation for loss or damage of the car, and interior cleaning costs caused by flooding. There are also 24-hour limitless towing services nationwide in case of an accident or vehicle failure. Additionally, the option to tow the vehicle to a desired location at no extra charge is also available.
In the event that the owner’s vehicle is in need of considerable repair and they are far away from home, the policy covers hotel lodging costs, and will supply a temporary replacement car, also at no further cost.
Steve Crouch, Chubb Malaysia’s Club President, said that a lot of research was conducted to understand the challenges that Malaysians face when on the road, and that the policies created serve as an answer to the multitude of problems. Based on the benefits presented by MY Car Insurance, it is evident that Chubb is dedicated to meet the requirements of its policyholders.