Scenario NO.1 – Excess
EXCESS: 1% or 2% of Motor Vehicle Sum Insured
- Vehicle Sum Insured: RM850,000 X 1% : RM8,500.00(EXCESS)
- Workshop Claim : RM 20,000.00(Actual Amount)– RM 8,500.00(Excess)
: RM 11,500.00- Amount Payable by Insurance
WHY EXCESS IMPOSED??
High Risk/ Prone to Theft Numerous Accident in a year More than 7/9 Years