5 Things You Might Not Know Motor Insurance Covers

Motor insurance covers more than just damage or losses caused by accidents. Damages brought about by events beyond your control such as floods, earthquakes, lightning, landslides are covered. This may also include man-made disasters like theft, riots and burglary.

Accident can happen at any time, anywhere, leaving your car stranded with not a workshop in sight. A good motor insurance policy would come to your aid with important facilities such as car towing, taxi arrangement and workshop referral. This could also include emergency medical evacuation and sometimes repatriation. Just remember to check which services are complimentary and which services are payable by you.

Injury sustained after a car accident causing you to miss your monthly car loan repayments? Your motor insurance might be able to help you with the outstanding loan. Certain policies provide a loan protection benefit in the event of death or permanent bodily injury as a result of an accident.

In the event of an accident, basic motor insurance usually covers the car and not the accessories fitted in the car. However, some policies allow you to choose add-ons to cover the accessories. While this may bump up the premium, it is a more cost-effective option than purchasing new accessories should an accident happen.

Should an accident occur, your motor insurance could help you pay for third-party damages that occur to a property or person. If you are sure you can avoid third-party claim situations, you could opt to lower your third-party coverage limit or increase your third-party policy excess, giving you a discount on your premium for third party cover. 

Curious about your motor insurance coverage options? Be sure to read your policy closely and understand the wordings. To learn more about MSIG MotorMax Plus, get in touch with us here.