How To Choose A Reliable Insurance Company
How do you go about choosing an insurance company to insure your motorvehicle? Do you solely rely on what your insurance agent tell you or do you do some homework to ensure that your choice of insurance company is the right one? There are tens of insurance companies currently operating in Malaysia and without a doubt, the motor market is highly competitive. Having worked in the motor claims department of a local insurer, having dealt with insurance claims as a lawyer and being a purchaser of a motor insurance policy myself, I would like to offer some 6 handy tips on how to choose the right insurance company for your motorvehicle.
Know Your Purpose
Besides the fact that you are required under the law to get a motor policy before your motorvehicle can be running on the road (subject to some exceptions), you must realize that the purposes for purchasing insurance is to protect and indemnify you when damage or loss arises. The aim of purchasing of an insurance policy is to obtain relief when an insured peril occurs. You want peace of mind to ensure that your insurance company will lessen your hardship when an accident or theft occurs.
Forget about the gifts
Some insurance companies offer attractive gifts if you sign up with them eg. umbrellas, mugs, diaries etc. These gifts should not cloud your judgment on which insurer to purchase your insurance policy from. Having a mug when you purchase a policy means nothing when you get terrible customer service when you submit your insurance claim. Gifts should be low on the priority when choosing a reliable insurance company to insure your motorvehicle. Read more
