AIG insurance - be very wary of the terms!

[Wt_know]

because all contracts and agreements are drafted with one "sole" objective ... it's to siam responsibility

hence ... it must be sounded cover something but not cover everything and something that is covered must meet all the conditions and interpretations

 

Why can't contract / agreement / policy be written in layman term, stating clearly what are covered, what are not? I came across many contracts that kept refering to other master agreement, sub-clause, appendix, attachment, disclaimer, etc., and how would one expect the average man on the street to be able to know what are these?

 

Sorry, I am not a legal person and imo, it is done this way so as that there are grey areas for the parties concern to escape liability when things do happen, or for lawyer / solicitor to keep their job?    

 

[1fast1]

Woooo.

 

Nice ride you're getting. The (S) version macham more bang for bucks right.

 

Liberty does a lot of high end sports cars. Their premium can be much lower cos they write a lot more of these makes.

 

Motor policy same lah. Just buy the one that is much cheaper. Liberty claims so far ok.

 

(S) version is not as bang for the buck, IMHO. Same engine in the GT (no S), but detuned. Easy to reflash or piggyback. And the price difference is close to 100k. Not worth it, especially as I won't be tracking this car often.

 

In SG, the price differences between different specs of the same model are always exaggerated by our tax structure. First noticed this with the WRX vs STI.

Edited June 6, 2016 by Turboflat4

[Maxus-MIFA9]

 

Car insurance coverage: AIG replies

 

 

PUBLISHED

1 HOUR AGO

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In his letter last Thursday, Mr Tan Siak Khian was referring to clauses in the additional personal accident cover that we offer on top of our standard car insurance policy ("Why doesn't car insurance policy cover all passengers?").

We assure Mr Tan that as part of our car insurance policy, and as required under the Motor Vehicles (Third Party Risks and Compensation) Act, AIG has been providing unlimited cover for injuries or death suffered by any person resulting from a car accident that the driver is held liable for.

What this means is that all passengers, including the passenger groups mentioned by Mr Tan, are already covered under our car insurance policy.

This is also stated in the brochure for our Toyota Auto Protector product.

We regularly review all our policies to ensure that we continue to meet the needs of our customers.

 

 

Manik Bucha

Head, Auto

AIG Asia Pacific Insurance

 

 

I don't understand this portion ???

 

"The driver is held liable for" meaning is accident is cause by the driver or another driver (another vehicle), it is the liability of the driver to pay for the claim. Not the insurance company !!!

 

example 1 : a driver beat red light and cause accident of which, passengers injuries. So is the driver that is liable for the claim ?. Because driver fault by beating red light....

 

example 2 : an opposite vehicle beat red light and knock onto your vehicle. So the driver of the other vehicle is liable for whatever claim. This of cause one party insurance will claim against the other party insurance of which the driver is held liability for the accident.

 

Left or right, it is still the driver liability and so the insurance companies act as a facilitators....

[inlinesix]

(S) version is not as bang for the buck, IMHO. Same engine in the GT (no S), but detuned. Easy to reflash or piggyback. And the price difference is close to 100k. Not worth it, especially as I won't be tracking this car often.

 

In SG, the price differences between different specs of the same model are always exaggerated by our tax structure. First noticed this with the WRX vs STI.

 

This is shocking!!

 

Edited June 6, 2016 by Davidtch

[inlinesix]

I don't understand this portion ???

 

"The driver is held liable for" meaning is accident is cause by the driver or another driver (another vehicle), it is the liability of the driver to pay for the claim. Not the insurance company !!

What he meant could be both policyholder & culprit.

 

example 1 : a driver beat red light and cause accident of which, passengers injuries. So is the driver that is liable for the claim ?. Because driver fault by beating red light....

Driver beat red light (party at fault) is responsibie for passengers injuries.  Insurer of party at fault has to pay.

 

example 2 : an opposite vehicle beat red light and knock onto your vehicle. So the driver of the other vehicle is liable for whatever claim. This of cause one party insurance will claim against the other party insurance of which the driver is held liability for the accident.

Left or right, it is still the driver liability and so the insurance companies act as a facilitators....

Insurer of party at fault has to pay.

 

What he meant is 3rd party liability.

 

Let's go back your example.

[Enye]

(S) version is not as bang for the buck, IMHO. Same engine in the GT (no S), but detuned. Easy to reflash or piggyback. And the price difference is close to 100k. Not worth it, especially as I won't be tracking this car often.

 

In SG, the price differences between different specs of the same model are always exaggerated by our tax structure. First noticed this with the WRX vs STI.

 

so fast tired of your red fiat already?

 

 

[1fast1]

This is shocking!!

 

85k difference in list price.

so fast tired of your red fiat already?

 

Lol, it was a gut wrenching decision to let her go. But I thought it better for long term peace of mind.

[Wt_know]

so fast tired of your red fiat already?

 

after getting AMG can go Merc club to cheer F1 ... pranching tortoise cannot make it ... lol Edited June 6, 2016 by Wt_know

[TameDriver]

I'm buying an AMG GT from Merc. They've offered me the choice of getting insurance from any company. I'm leaning towards Liberty. I even have the option of getting a policy myself if it's cheaper and the terms are OK.

 

Never dealt with Wearnes (although I was looking at the Jaguar F-type R before deciding on the AMG GT).

 

I like Liberty, but no claims experience (touch wood). But they are the preferred insurer for high end sports/supercars/exotics.

One of my cars insured with Liberty. Premium for a 3 litre is more than $4K unless u have 50% NCD.

Coverage is from 24 - 70 yrs old. 24 yrs old must have a DL for at least 2 yrs.

No mention of no coverage when ferrying intoxicated passenger).

I've made claims for windscreen (unlimited) but each time have to pay $200 excess.

I have used MSIG and now with Etiqa, both of them provide full cover to passengers, i.e. no mention of cover exclusion like your case with AIG.

I also have a MSIG cover for another car. No mention about 'intoxicated passenger'.

Covers from 18-65 yrs old.

No limit to windscreen replacement claims (done 2x) & no excess.

[inlinesix]

after getting AMG can go Merc club to cheer F1 ... pranching tortoise cannot make it ... lol

 

Of course CMI.

 

Ferrari don't make 1.6L turbo anymore.

[1fast1]

One of my cars insured with Liberty. Premium for a 3 litre is more than $4K unless u have 50% NCD.

Coverage is from 24 - 70 yrs old. 24 yrs old must have a DL for at least 2 yrs.

No mention of no coverage when ferrying intoxicated passenger).

I've made claims for windscreen (unlimited) but each time have to pay $200 excess.

 

I also have a MSIG cover for another car. No mention about 'intoxicated passenger'.

Covers from 18-65 yrs old.

No limit to windscreen replacement claims (done 2x) & no excess.

Thank you. In fact the windshield premium I've had before (and actually kena paid once) with Liberty was 500 bucks! That was for my M135i.

 

May I ask: does MSIG also insure sports cars? Are their premiums generally higher or lower than Liberty? Thanks.

after getting AMG can go Merc club to cheer F1 ... pranching tortoise cannot make it ... lol

Truth be told I was never the biggest Ferrari F1 fan. I always felt conflicted because I was secretly cheering for Lewis.

 

Now I have no conflict.

[TameDriver]

Thank you. In fact the windshield premium I've had before (and actually kena paid once) with Liberty was 500 bucks! That was for my M135i.

 

May I ask: does MSIG also insure sports cars? Are their premiums generally higher or lower than Liberty? Thanks.

Truth be told I was never the biggest Ferrari F1 fan. I always felt conflicted because I was secretly cheering for Lewis.

 

Now I have no conflict.

 

Why paid so much for windscreen excess? Or did yours include installation of solar film as well?

Troublesome for me as I had to spent time installing solar films each time after replacement.

 

MSIG is by Sime Darby.....PML. Should insure sports car as well, right?

Premium is slightly higher but has more perks like....cover 80km beyond Thai & MY border, free tows, international support & assistance (if I drive it out of SG), unlimited windscreen replacements without excess.

Edited June 6, 2016 by TameDriver

[Enye]

Truth be told I was never the biggest Ferrari F1 fan. I always felt conflicted because I was secretly cheering for Lewis.

 

Now I have no conflict.

 

now i know what you mean when you wanted long term peace of mind

 

[1fast1]

Why paid so much for windscreen excess? Or did yours include installation of solar film as well?

Troublesome for me as I had to spent time installing solar films each time after replacement.

 

MSIG is by Sime Darby.....PML. Should insure sports car as well, right?

Premium is slightly higher but has more perks like....cover 80km beyond Thai & MY border, free tows, international support & assistance (if I drive it out of SG), unlimited windscreen replacements without excess.

Inclusive of solar film of course.

 

Thanks for the info.

[inlinesix]

Why paid so much for windscreen excess? Or did yours include installation of solar film as well?

Troublesome for me as I had to spent time installing solar films each time after replacement.

 

MSIG is by Sime Darby.....PML. Should insure sports car as well, right?

Premium is slightly higher but has more perks like....cover 80km beyond Thai & MY border, free tows, international support & assistance (if I drive it out of SG), unlimited windscreen replacements without excess.

 

Since you are driving BMW, there is roadside assistance included in new car for 1st 3 years.

 

[Beehive3783]

Yes, this is the only thing I like about MSIG. So far no other insurer I know has this as standard clause.

 

But they are not too good to loyal customers. So this year I jumped to Etiqa. Maybe next year I jump back if there is good promo.

 

 

Why paid so much for windscreen excess? Or did yours include installation of solar film as well?
Troublesome for me as I had to spent time installing solar films each time after replacement.

MSIG is by Sime Darby.....PML. Should insure sports car as well, right?
Premium is slightly higher but has more perks like....cover 80km beyond Thai & MY border, free tows, international support & assistance (if I drive it out of SG), unlimited windscreen replacements without excess.

 

 

[Carbon82]

(S) version is not as bang for the buck, IMHO. Same engine in the GT (no S), but detuned. Easy to reflash or piggyback. And the price difference is close to 100k. Not worth it, especially as I won't be tracking this car often.

 

In SG, the price differences between different specs of the same model are always exaggerated by our tax structure. First noticed this with the WRX vs STI.

Specially for you.

 

Mercedes-AMG GT gets tuned to 595 hp, that costs less than US$4,200.

 

The Mercedes-AMG GT is pretty impressive but that hasn't stopped Lorinser from developing a new tuning program for the high-performance model.

 

Described as a "vigorous power upgrade," the tuning program consists of a new performance module which fits both the AMG GT and the AMG GT S. The module costs $4,148 (€3,650) and enables the biturbo 4.0-liter V8 engine to produce 595 horsepower and 553 pound-feet of torque. The extra power allows the cars to run from 0-62 miles per hour in 3.6 seconds, 0-124 mph in 10.1 seconds, and 0-186 mph in just 27.3 seconds.

[1fast1]

Specially for you.

 

Mercedes-AMG GT gets tuned to 595 hp, that costs less than US$4,200.

 

The Mercedes-AMG GT is pretty impressive but that hasn't stopped Lorinser from developing a new tuning program for the high-performance model.

 

Described as a "vigorous power upgrade," the tuning program consists of a new performance module which fits both the AMG GT and the AMG GT S. The module costs $4,148 (â¬3,650) and enables the biturbo 4.0-liter V8 engine to produce 595 horsepower and 553 pound-feet of torque. The extra power allows the cars to run from 0-62 miles per hour in 3.6 seconds, 0-124 mph in 10.1 seconds, and 0-186 mph in just 27.3 seconds.

Wow thanks bro! Looking for exactly this.