‘Betterment’ in motor insurance explained

WITH reference to the recent spate of letters on the “betterment factor” in motor insurance, the General Insurance Association of Malaysia (Piam) would like to provide more information to the public.

The basic premise of a motor insurance policy is to place the car owner in the same condition as he would have been in before an accident occurs. Betterment will apply when, in the course of repairing an accident-damaged vehicle, a new part is used to replace an old part.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Letters

Don’t let the dogs loose
There must be flexibility on dress code
There should be no prejudice in essential services
Poser on validity of legal documents at JPJ
Move on fees applauded
Relationship based on mutual respect
Meetings raise concern
Set up units to monitor all complaints from the public
Philosophy behind mission schools based on unity, education for all
Are ALL children in Malaysia getting an education?

Others Also Read