Facing difficulty to obtain third party old car insurance? If you are unable to get insurance coverage for your old vehicle from individual insurance companies, you may get coverage from the Malaysia Motor Insurance Pool (MMIP).
It is a pool contributed by all general insurance companies in the country; all the cost and expenses of MMIP will be shared among of them. Where to buy MMIP? There are three appointed companies:
- Multi-Purpose Insurance Berhad
- Uni.Asia General Insurance Berhad
- Pos Malaysia Berhad
Why Higher Premium to Renew/Buy MMIP at Pos Malaysia?
Interested to know how PM Dato’ Sri Najib Tun Razak responded to above issue raised by Y.B Tuan Lim Lip Eng (Segambut)? Click here
Don’t Lost Your Old Car, Third Party Insurance Don’t Cover It
My friend’s car was stolen recently. The sad thing was, none of insurance company willing to issue first party insurance (or comprehensive cover) for her really old car since for the past few years back.
At the end, she lost her car and nothing can be claimed because third party insurance does not cover loss or damage to your own vehicle due to accidental fire, theft or an accident.