SPA Lonpac - Auto Insurance Calculator for East/ West Malaysia

SPA-LONPAC Motor_Evaluation Program_Excel 97-2003-2010_Revised Tariff as of 20130215



First of all, you got to determine the market value for your vehicle as the policy worded as such across the whole industry as below:-

(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.



Schedule of Premium_Private Car Tariff - '0' NCD before Stamp Duty & G.S. Tax


































































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