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Insurance query


Redz
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Neutral Newbie
I'm not sure if this applies to cars as well, but my bro's new 1-mth-old bike was stolen last yr. His claim was only just settled and he only got back $17k, or supposedly 80% of the market value. He paid $23k for the bike. I asked him why isn't it a 1-to-1 payment since his bike is new and he said bcoz he bought only 3rd party, fire & theft and not comprehensive cover. This means he lost $6k for that 1 mth of using the bike. [shakehead]

 

even if it was a comprehensive cover, i doubt ur bro would have got back the full value. this is because not all insurer provide 1to1 exchange.

also, i think bike dun have comprehensive cover de.

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Neutral Newbie

you can buy third party with loan if your loan amout is less than paper value [pirate]

Edited by Aucsl
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Neutral Newbie

If I buy 1st party insurance with authorized workshop and involved accident but is 3rd party fault. Can I choose non-authorized workshop to repair and claim against the 3rd party???

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Why not, u not claiming ur own insurance leh.

 

The other party have to guai guai pay up thatz all.

 

Authorise or non-authorise workshop is for own damage claim. Unless that 3rd party is also ur insurance party which happens to me!!! [furious]

Edited by Adrianli
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Neutral Newbie

Thanks! but what do you mean "Unless that 3rd party is also ur insurance party which happens to me!!! "? Both insured with same company?

Edited by Aucsl
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is there any great difference between a comprehensive and a 3rd party fire and theft? and which would you go for, for cars under 5yrs old?

 

I think 3rd party only covers 3rd party, and not you the driver and your car. As for me, will go for comprehensive.

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Yup, if both is same insurance company, then have to lan lan follow their instructions lor.

 

Living E.g :

 

Me wif Income, kena rear ended by another car also wif Income. My car 1yr old only. Went Idac n so on, driver also say his fault. Wana bring car back to AD to repair, Income say cannot. I argue wif CSO on phone. They gave me few choice :

 

1) Go to their authorised workshop.

2) Give u certain amt n u settle urself.

 

I never renewed wif them at renewal time. Told them to F-off. I'm claiming 3rd party also kena restrict by them!!! Moreover car only abt 1yr old only.

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Neutral Newbie

How come my insurance renewal is more expensive that previous year even though i have additional 10% NCD??

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Neutral Newbie

Sorry to hear that. Income very niew one, can eat must eat. What to do, bite the bullet and go on lor. Me AXA, hope not so niew [dizzy] Ooops... tw [lipsrsealed]

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If your Car.....With Finance.....I dun think.....Finance Company will allow U....

 

To buy 3rd party F&T......... [rolleyes]

 

i have checked with finance...they said, up to me...but advisable to take compre

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