Hightlights on Private Auto Policy Benefits, Conditions & Exclusions

All insurer have the same terms and conditions as Bank Negara and PIAM (GIAM) has regulated the form of standards policy wording for the Motor Insurance per tariff.
所有的保险公司有相同的条款和条件,国家银行和PIAM(子槛)规定规范标准政策措辞的每关税汽车保险的形式。

Email: simon@simonpoonagency.net                                             

Additional benefits that can be included by these Endorsements in your Motor Vehicle Policy

ENDORSEMENT 3 (q) – THIRD PARTY FIRE AND THEFT

The cover provided for in this policy is limited to Third party Fire and Theft only . Section A (LOSS OR DAMAGE TO YOUR VEHICLE) of this policy will cover You if Your vehicle is damaged or lost by fire, explosion, lightning, burglary, housebreaking or theft and Section B (LIABILITY TO THIRD PARTIES). Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 25 – STRIKE RIOT AND CIVIL COMMOTION

We have noted and agreed that the words “strike riot and civil commotion” in General Exception 4 of this Policy shall not apply to any accident loss damage or liability directly caused by
(1) the act of any person taking part together with others in any disturbance of the public peace (whether in connection with a strike or lockout or not) or the action of any lawfully constituted authority on suppressing or attempting to suppress any such disturbance or in minimizing the consequences of such disturbance.

(2) the wilful act any striker or locked out worker done in furtherance of a strike or in resistance to a lockout or the action of any lawfully constituted authority in preventing or attempting to prevent any such act or in minimizing the consequences of any such act.

Provided that the indemnity given by reason of this Endorsement shall not apply to any accident loss damage or liability (except so far as is necessary to meet the requirement of the Legislation) directly or indirectly proximately or remotely occasioned by contributed to by or traceable to or arising out of or in connection with-
(a) War invasion the act of foreign enemies hostilities or war like operations (whether war be declared or not) civil war.
(b) Mutiny civil commotion assuming the proportions of or amounting to a popular rising military rising rebellion revolution insurrection military or usurped power or any act of any person acting on behalf of or in connection with any organisation with activities directed towards the overthrow by force of the Government de jure or de facto or to the influencing of it by terrorism or violence or by the direct or indirect consequences of any of the said occurrences.
In the event of any claim hereunder You shall prove that the accident loss damage or liability arose independently of and was in no way connected to by or traceable to any of the said occurrences of any consequence thereof and in defult of such proof We shall not be liable to make any payment in respect of such a claim. Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 57 – INCLUSION OF SPECIAL PERILS

In consideration of the payment of additional premium by You to Us the following peril(s) is/are deemed to be covered under Section A of this Policy:-
Flood, Typhoon, Hurricane, Storm, Tempest, Volcanic Eruption, Earthquake, Landslide, Landslip, Subsidence or Sinking of the Soil/Earth or other convulsion of nature.
Subject otherwise to the Terms and Conditions of this Policy.


ENDORSEMENT 72 – LEGAL LIABILITY OF PASSENGERS FOR NEGLIGENT ACTS

In consideration of the payment of additional premium by You to Us We will pay the amount that any Passenger is legally liable to pay under Section B of this policy providing that the Passenger:-
(i) is not driving Your Vehicle or in charge of Your Vehicle for the purpose of driving.
(ii) is not entitled to indemnity under any other Policy.
(iii) shall as though he were You observe and fulfil all the terms of this Policy in so far as they apply.

EXCEPTIONS:-
We will not pay for:-
(a) Death or bodily injury to any person where such death or injury arises out of and in the course of the employment of the passenger
(b) Damage to property belonging to or held in trust or in the custody or control of the Passenger or You or being carried in Your Vehicle.

Subject otherwise to the Terms and Conditions of this Policy.
 

Endorsement 87: AGREED VALUE

If Endorsement 87 is included in your motor policy, then your motor insurance cover is accepted on an agreed value basis with the Insurer

'Endorsement 87 - Agreed Value' states that:- "The Insurer will pay You the agreed amount as specified in the Schedule of the Policy in the event Your vehicle is stolen or totally destroyed during the Period of Insurance provided the Insurer is liable to pay for such loss or destruction under the Terms and Conditions of the Policy."

ENDORSEMENT 89 – BREAKAGE OF GLASS IN WINDSCREEN, WINDOW OR SUNROOF (effective 17/7/2006)

In consideration of the payment of additional premium by You to Us, We will pay the cost of replacing or repairing any glass in the windscreen, window or sunroof including Lamination/ tinting film, if any, of Your Vehicle following breakage of such glass up to an amount not exceeding (as stated in the Schedule).
Provided no claim is made for any further damage to Your Vehicle, any claim under this endorsement shall not affect Your No Claim Discount and You shall not be liable for any excess as stated in the policy.
This benefit shall automatically be terminated upon replacement of any glass in the windscreen, window or sunroof unless the cover is reinstated by payment of a further additional premium.
You may however, exercise an option to repair the damaged windscreen, window or sunroof of Your Vehicle. In the event You opt to repair, We will continue to provide this benefit to You during the currency of this period for the amount as stated above:-
(a) Less any claim paid by Us for the repair; or
(b) For the reinstated original amount provided You have paid to Us a further additional premium for reinstatement.
Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 97 – VEHICLE ACCESSORIES ENDORSEMENT

In consideration of the payment of additional premium by You to Us the following accessories are separately insured under Section A:

Descriptions                  Your estimate value
As described in the      As described in the schedule                        Schedule

Any claim made under this endorsement shall not affect your No-Claim-Discount and You shall not be liable for any specified excess as stated in the policy.
Upon settlement of any claims under this endorsement, this benefit shall automatically be terminated unless reinstated by payment of a further additional premium.

Subject otherwise to the Terms and Conditions of this Policy.


Endorsement 97A - GAS CONVERSION KIT AND TANK

In consideration of the payment of additional premium by You to Us the following Gas Conversion Kit and Tank is separately insured under
Section A:-
Your Estimated Value
Any claim made under this endorsement shall not affect Your No Claim Discount entitlement and You shall not be liable for any specified excess as stated in the Policy.
Upon settlement of any claims under this endorsement, this benefit shall automatically be terminated unless reinstated by payment of a further additional premium.

Subject otherwise to the Terms and Conditions of this Policy.

N.B. An additional premium of not less than 4.5% on its value would be chargeable

ENDORSEMENT 109 – EXTENSION OF COVER FOR FERRY TRANSIT TO AND/OR FROM SABAH AND THE FEDERAL TERRITORY OF LABUAN

We will cover You under Section A of this policy if Your vehicle is dam age or lost when in transit to and/or from Sabah and Federal Territory of Labuan. In the event of any claim arising from this extension, your are responsible in respect of each and every event for an excess of 1% of Sum Insured or RM500 (whichever is higher) in addition to the Excess stated in the schedule.
Subject otherwise to the Terms and Conditions of this Policy.


Endorsement 111 - Current Year "NCD" Relief (only applicable to Comprehensive Private Car Policy)

In consideration of the payment of additional premium by You to Us, We will pay You in the event Your No Claim Discount is forfeited when a claim is made or arising from the Policy, an amount equal to Your No Claim Discount entitlement under this Policy of the current period of
insurance only.
If the current period of insurance exceeds twelve (12) months, payment under this benefit shall be based on the amount shown in the Schedule.
Upon settlement of any claim under this extension, this benefit shall automatically terminate.
This cover ceases automatically:
(a) upon transfer of the ownership under this Policy
(b) upon withdrawal of No Claim Discount from this Policy

No refund premium shall be allowed upon cessation of the benefit or on mid-term cancellation.

Subject otherwise to the Terms and Conditions of this Policy

N.B An additional premium of 15% on NCD entitlement on the current period of insurance subject to a minimum premium of RM50.00 is
charged for an extension of this cover

Endorsement 112 - Compensation For Assessed Repair Time (CART)

In consideration of the payment of additional premium by You to Us, we will pay compensation at the rate of ____ per day up to
____ days or the number of days assessed as required for repair of such Motor Vehicle whichever is lesser following a loss damage covered under Section A of this Policy. No excess shall be applicable for this endorsement. Such compensation shall not be payable in the event the loss or damage is confined only to breakage of any glass in the windscreen, window or sunroof of Your Vehicle.
Provided that:-
(a) such benefit shall be payable based on the loss adjuster's assessment of the days required for actual repair but exclude any delays howsoever causes whether the claim for loss or damage to Your Vehicle covered under Section A is either lodged with Us or against a
Third Party. In any dispute, the assessed repair time determined by Us shall be final.
(b) the benefit is payable for partial loss (excluding theft and total loss) of the insured vehicle.

You can make more than one claim under this Policy endorsement provided the total number of days in accumulation that You can claim does not exceed the cover purchased.

Any claim under this endorsement shall not affect the No-Claim-Discount.

No refund shall be allowed for cancellation of this endorsement unless the cancellation is effected together with the cencellation of the policy.

Subject otherwise to the Terms and Conditions of this Policy.

Note
A claim under this benefit shall not prejudice the insured's right to make a claim from a third party insurer. However, the insured's third party claim, is subject to principle of indemnity and any sums paid under this benefit will be subtracted from the said third party claim.

Endorsement 113 - Reference to Motor Vehicle Market Valuation System

It is agreed that even if anything stated to the contrary in this Policy, clause (d), (e) and (f) under the header 2. Basis of Settlement of Section A of the Policy is deleted and replaced with the following clause (d), (e) and (f):-
(d) When a claim is made, the market value of Your Vehicle would be determined by the ISM Automotive Business Intelligence System and this value would be equal to the cost of purchasing a replacement vehicle of the same make, model and age of Your Vehicle at the time of loss.
(e) If no market value is available from the ISM Automotive Business Intelligence System for Your Vehicle, the market value of the vehicle would be determined by a Loss Adjuster licensed under the Insurance Act, 1996, agreed to by both You and Us.
(f) The valuation done by the ISM Automotive Business Intelligence System or Loss Adjuster licensed under the Insurance Act, 1996 will be conclusive evidence in respect of the market value of Your Vehicle in any legal proceedings against Us.

Subject otherwise to the Terms of this Policy.






Endorsement 1 - Excess All Claims


You are responsible for the first (as per Schedule) of each and every claim payable (including costs and expenses and expenditure incurred by Us in the conduct, defence and settlement of any claim) under Section (as per Schedule) this Policy in addition to any other excess that may be applicable.

If the expenses incurred by Us includes the amount for which You are responsible, such amount shall be repaid to Us.

Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 2 – EXCESS DAMAGE CLAIM


You are responsible for the first amount as described in the schedule of each and every claim payable under Section A of this Policy in addition to any other excess
that may be applicable. This excess is not applicable to loss or damage caused by fire, explosion, lightning, burglary, housebreaking or theft.
Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 2 (f) – COMPULSORY EXCESS
In the event of any claim arising under Section A of this policy, You are responsible in respect of each and every event for an excess of RM400.00 in addition to the excess stated in the Schedule if Your Vehicle is being driven by the following person authorised by You: -
(a) Any person under the Age of 21 years
(b) Any person who is the holder of a Provisional (L) driving licence
(c) Any person who is the holder of a Full driving licence of less than 2 years
(d) Any person not named in the Schedule
(e) Any person named in the Schedule who is less than age of 21 years and/or the holder of a provisional (L) driving licence and/or the holder of a full driving licence of less than 2 years.
For the purpose of this Endorsement the expression “event” shall mean an event or series of events arising out of one cause in connection with the motor vehicle. This excess of RM400.00 is not applicable to loss or damage caused by fire, explosion, lightning, burglary, house breaking or theft. Subject otherwise to the Terms and Conditions of this Policy.
N.B. The amount of the Excess mentioned herein is the maximum and shall be held to apply in addition to any other Excess that may be applicable to this Policy. Any amendment to the Excess of RM400.00 under this Endorsement 2(f) is not allowed.

ENDORSEMENT 2 (f) – COMPULSORY EXCESS


In the event of any claim arising under Section A of this policy, You are responsible in respect of each and every event for an excess of RM400.00 in addition to the excess stated in the Schedule if Your Vehicle is being driven by the following person authorised by You: -
(a) Any person under the Age of 21 years
(b) Any person who is the holder of a Provisional (L) driving licence
(c) Any person who is the holder of a Full driving licence of less than 2 years
(d) Any person not named in the Schedule
(e) Any person named in the Schedule who is less than age of 21 years and/or the holder of a provisional (L) driving licence and/or the holder of a full driving licence of less than 2 years.
For the purpose of this Endorsement the expression “event” shall mean an event or series of events arising out of one cause in connection with the motor vehicle. This excess of RM400.00 is not applicable to loss or damage caused by fire, explosion, lightning, burglary, house breaking or theft. Subject otherwise to the Terms and Conditions of this Policy.
N.B. The amount of the Excess mentioned herein is the maximum and shall be held to apply in addition to any other Excess that may be applicable to this Policy. Any amendment to the Excess of RM400.00 under this Endorsement 2(f) is not allowed.

ENDORSEMENT 3(p) – THIRD PARTY ONLY


The cover provided for in this policy is limited to Third Party only i.e. Section B (LIABILITY TO THIRD PARTIES).
Section A (LOSS OR DAMAGE TO YOUR VEHICLE) is cancelled.
Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 3 (q) – THIRD PARTY FIRE AND THEFT


The cover provided for in this policy is limited to Third party Fire and Theft only . Section A (LOSS OR DAMAGE TO YOUR VEHICLE) of this policy will cover You if Your vehicle is damaged or lost by fire, explosion, lightning, burglary, housebreaking or theft and Section B (LIABILITY TO THIRD PARTIES). Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 15 – HIRE PURCHASE


We have noted and agreed that the Hire Purchase company as described in the schedule (hereinafter referred to as the Owners) are the Owners of Your Vehicle under a Hire Purchase Agreement made between the Owners and You. Any payment for the loss or damage to Your Vehicle (which loss or damage is not made good by repair, reinstatement or replacement) under Section A of this Policy will be paid to the Owners so long as they are the Owners of Your vehicle. Their receipt shall be a full and final discharge to Us in respect of such loss or damage. This Policy is issued to You as the principal party and not as agent or trustee for the Owners nor as an assignment by You to The Owners of Your right, benefits and claims under this policy. You shall not assign Your rights benefits and claims under this policy without prior written consent from Us. Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 15 (a) – EMPLOYERS’ LOAN


We have noted and agreed that Your employer as described in the schedule are interested in any moneys payable to You vide this Policy in respect of loss or damage to Your Vehicle (which loss or damage is not made good by repair, reinstatement or replacement) and such moneys shall be payable to Your employer as described in the schedule until notice is given to Us that they have no financial interest in Your Vehicle, and their receipt shall be a full and final discharge of Our liability in respect of such loss or damage.
Except by this Endorsement, nothing herein shall modify or affect Our/Your rights and liabilities under this Policy.
Subject otherwise to the Terms and Conditions of this Policy.

Endorsement 18 - Fleet Rated Risks (Cancellation of No Claim Discount)


The No Claim Discount Clause of this Policy is cancelled.
Subject otherwise to the Terms and Conditions of this Policy.

ENDORSEMENT 30 – REPLACEMENT PARTS


In the event that spare parts or accessories for the repairs of Your Vehicle are not available in Malaysia, or if We exercise Our option to pay in cash for the loss or damage, then Our liability for such spare parts/accessories shall be 
(a) the price quoted in the latest catalogue or price list issued by the manufacturer or their agent, or in the event no such catalogue exists the price at manufacturer’s work plus reasonable cost of transport (except air freight).and 
(b) reasonable cost of fitting such spare parts/accessories.
Subject otherwise to the Terms and Conditions of this Policy.


ENDORSEMENT 95 – LEASING ENDORSEMENT


We have noted and agreed that:-
1. The Leasing Company as described in the schedule (hereinafter referred to as the Lessors) are the owners of Your Vehicle which is the subject of a Leasing Agreement made between the Lessors and Yourself of the other part.
2. Any payment made in respect of loss or damage (which loss or damage is not mad
e good by repair reinstatement or replacement) pursuant to any legal liability on Our part to You under Section A of this Policy shall be made to the Lessors as long as they are owners of Your Vehicle and their receipt shall be a full and final discharge to Us in respect of such loss or damage.
3. Regardless of any provision in the Leasing Agreement this Policy is issued to You as the principal party and not as agent or trustee for the Lessors. You cannot assign to the Lessors (whether legal or equitable) Your rights benefits and claims under this Policy.



ENDORSEMENT 100 – EXCLUSION OF LEGAL LIABILITY TO PASSENGERS


The cover provided under section B1 (a) of this policy shall not apply to death of or bodily injury to any person being carried in or upon or entering or getting on to or alighting from Your Vehicle (other than a passenger required to be carried in or on Your Vehicle by reason of his/her contract or employment with You and/or Your authorised driver and/or his/her employer). Subject otherwise to the Terms and Conditions of this Policy.


ENDORSEMENT 106 – INSURER’S AUTHORISED WORKSHOP

Conditions 2(h) of this Policy is hereby amended to read as follows:-
“In the event Your Vehicle is involved in an accident and gives rise to a claim, Your vehicle must be removed to a PIAM Approved Repairers Scheme (PARS) workshop selected and approved by Us for repairs. Failure to remove Your Vehicle to an approved workshop would be a breach of this endorsement and We shall have the right to decline liability under Section A of the Policy”.
Subject otherwise to the Terms and Conditions of this Policy.

Endorsement 106 - Insurer's Authorised Workshop


Conditions 2(g) of this policy is hereby amended to read as follows:- 
In the event Your Vehicle is involved in an accident and gives rise to a claim, Your vehicle must be removed to a PIAM Approved Repairers
Scheme (PARS) workshop selected and approved by Us for repairs. Failure to remove Your Vehicle to an approved workshop would be a
breach of this endorsement and We shall have the right to decline liability under Section A of the Policy.

4. Exceptions to Section A


We will NOT pay for
(a) consequential losses of any nature.
(b) the loss of use of Your Vehicle.
(c) depreciation, wear and tear, rust and corrosion, mechanical or electrical or electronic breakdowns, equipment or computer malfunction, failures or breakages to Your Vehicle except breakage of windscreen, window or sunroof including lamination/tinting film, if any.
(d) damage to Your Vehicle's tyres unless Your Motor Vehicle is damaged at the same time.
(e) any loss or damage caused by or attributed to the act of cheating/criminal breach of trust by any person within the meaning of the definition of the offence of cheating/criminal breach of trust set out in the Penal Code.
(f) the Excess stated in the Schedule.
(g) the failure or inability of any equipment or any computer program to recognize or correctly to interpret or process any date as the true or correct date or to continue to function correctly beyond that date.

NO-CLAIM-DISCOUNT as describe in the policy documents

NO-CLAIM-DISCOUNT as describe in the policy documents
If no claim is made or arises from Your Policy and provided Your Vehicle is insured with Us for a continuous period of 12 months in each of the following instances,
You are entitled to a No-Claim-Discount on renewal of Your Policy as follows:-
Period of Insurance                                             Discount (%) 
After the first year of insurance                               25%                                                                                      
After the second year of insurance                        30%                                                                                      
After the third year of insurance                             38 1/3%                                                                                      
After the fourth year of insurance                           45%                                                                                       
After five or more years of insurance                      55%  
If We agree to a transfer of interest in this Policy the period during which the interest was in Your name, shall not accrue to the benefit of the new owner.  If more than one Motor Vehicle is described in the Schedule the No-Claim-Discount shall be applied as if a separate Policy had been issued in respect of each such Motor Vehicle.

SPA & Associates

SECTION A - LOSS OR DAMAGE TO YOUR VEHICLE

1. We will cover You if 
Your Vehicle is damaged or lost in the following circumstances:-
(a) by accidental collision or overturning,
(b) by collision or overturning caused by mechanical breakdown,
(c) by collision or overturning caused by wear and tear,
(d) by impact damage caused by falling objects provided no flood, typhoon, hurricane, storm, tempest, volcanic eruption, earthquake, landslide, landslip, subsidence or sinking of the soil/earth or other convulsion of nature is involved,
(e) by fire explosion or lightning,
(f) by burglary, housebreaking or theft,

(g) by malicious act,
(h) when in transit (including its loading and unloading) by:
(i) road rail inland waterway

(ii) direct sea route across the straits between the island of Penang 
and the mainland.

2. Basis of Settlement

(a) We will at Our option
(i) pay the cost of repairs to Your Vehicle, or
(ii) pay in cash the amount of the loss or damage to Your Vehicle, or
(iii) reinstate or replace Your Vehicle. 
(b) The maximum amount We will pay is the market value of Your Vehicle at the time of the loss or the sum insured in the Policy whichever is the lower figure. 
(c) If Your Vehicle shall at the time of happening of any loss or damage be insured for a sum lesser than its market value then, You shall be considered as being Your own insurer for the difference and shall bear the rateable proportion of the loss accordingly. Provided always that this shall not apply unless the market value at the time of the loss exceeds the insured value by 10% or more. 
(d) The market value of Your Vehicle would be determined in the event of a dispute by the Head Office of the Franchise-holder and this value would be equal to the cost of purchasing a replacement vehicle of the same make, model and age of Your Vehicle at the time of loss. 
(e) In the event no Franchise-holder is available for the make of Your Vehicle, the market value of the vehicle would be determined by a Loss Adjuster licensed under the Insurance Act, 1996 and its subsequent legislation agreed to by both You and Us. 
(f) The valuation done by the relevant Head Office of the Franchise-holder or Loss Adjuster licensed under the Insurance Act, 1996 and its subsequent legislation, will be conclusive evidence in respect of the market value of Your Vehicle in any legal proceedings against Us.

3. Transportation of Damaged Vehicle


We will pay You up to a maximum of RM200.00 as Towing Charges for taking Your Vehicle to either the nearest Repairer or towing the vehicle by returning it to Your address as shown on the Schedule or towing it to a secure place for it to be garaged, provided Your Vehicle has been damaged by circumstances described in this section.

SECTION B: LIABILITY TO THIRD PARTIES

SECTION B: LIABILITY TO THIRD PARTIES
1. We will pay the amount which You or Your authorised driver are legally liable to pay (including claimants' costs and expenses) for:-
(a) death or bodily injury to any person except those specifically excluded under Exceptions to Section B
(b) damage to property as a result of an accident arising out of the use of Your Vehicle provided Your authorised driver also complies with all the terms and conditions of the policy that You are subject to.

2. Limits of Our Liability
Our total liability under Section B1(a) is in respect of unlimited. any one claim or series of Our total liability under Section B1(b) is claims arising limited to RM3 million. out of one event.

3. Cover for Legal Representatives
Following the death of any person covered under this Policy We will indemnify that person's legal representatives for liability covered under this Section, provided such legal representatives comply with all the terms and conditions of the policy.

4. Legal Costs
We will pay legal costs incurred up to a maximum of RM2,000.00 for defence of any charge including the charge of causing death by driving the Motor Vehicle (other than murder) if Our prior written agreement had been secured.

5. Exceptions to Section B

We will NOT pay for :
(a) death or bodily injury to any passenger being carried for hire or reward.
(b) death or bodily injury to any person where such death or injury arises out of and in the course of the employment of such person by You or by Your authorized driver.
(c) damage to property belonging to or in the custody of or control of or held in trust by You and/or Your authorized driver and/or any member of Your and/or Your authorized driver’s household.
(d) liability to any person who is a member of Your and/or Your authorised driver’s household who is a passenger in Your Vehicle unless he/she is required to be carried in or on Your Vehicle by reason of or in pursuance of his/her contract of employment with You and/or Your authorised driver and/or his/her employer.
(e) any claims brought against any person in any country in courts outside Malaysia, the Republic of Singapore or Negara Brunei Darussalam.
(f) all legal costs and expenses which are not incurred in or recoverable in Malaysia, the Republic of Singapore and Negara Brunei Darussalam.

NO-CLAIM-DISCOUNT (NCD/ NCB)

If no claim is made or arises from Your Policy and provided Your Vehicle is insured with Us for a continuous period of 12 months in each of the following instances,
You are entitled to a No-Claim-Discount on renewal of Your Policy as follows:-
Period of Insurance                                             Discount (%)
After the first year of insurance                               25%
After the second year of insurance                         30%
After the third year of insurance                            38 1/3%
After the fourth year of insurance                           45%
After five or more years of insurance                     55%
If We agree to a transfer of interest in this Policy the period during which the interest was in Your name, shall not accrue to the benefit of the new owner.  If more than one Motor Vehicle is described in the Schedule the No-Claim-Discount shall be applied as if   a separate Policy had been issued in respect of each such Motor Vehicle.

ENDORSEMENT 109 – EXTENSION OF COVER FOR FERRY TRANSIT TO AND/OR FROM SABAH AND THE FEDERAL TERRITORY OF LABUAN


We will cover You under Section A of this policy if Your vehicle is dam age or lost when in transit to and/or from Sabah and Federal Territory of Labuan. In the event of any claim arising from this extension, your are responsible in respect of each and every event for an excess of 1% of Sum Insured or RM500 (whichever is higher) in addition to the Excess stated in the schedule.
Subject otherwise to the Terms and Conditions of this Policy.

Endorsement 113 - Reference to Motor Vehicle Market Valuation System


It is agreed that even if anything stated to the contrary in this Policy, clause (d), (e) and (f) under the header 2. Basis of Settlement of Section A of the Policy is deleted and replaced with the following clause (d), (e) and (f):-
(d) When a claim is made, the market value of Your Vehicle would be determined by the ISM Automotive Business Intelligence System and this value would be equal to the cost of purchasing a replacement vehicle of the same make, model and age of Your Vehicle at the time of loss.
(e) If no market value is available from the ISM Automotive Business Intelligence System for Your Vehicle, the market value of the vehicle would be determined by a Loss Adjuster licensed under the Insurance Act, 1996, agreed to by both You and Us.
(f) The valuation done by the ISM Automotive Business Intelligence System or Loss Adjuster licensed under the Insurance Act, 1996 will be conclusive evidence in respect of the market value of Your Vehicle in any legal proceedings against Us.

Subject otherwise to the Terms of this Policy.




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