Having car insurance is a necessity for every car owner. Car insurance helps protect us from various kinds of financial risks that arise due to unwanted events. These events can occur anytime and anywhere. For example, the risk of damage from accidents, both minor and serious damage due to accidents like collisions, slipping, and falling cars. Not to mention the risks that occur from theft, evil deeds, fires, to natural disasters. This is why Qoala, as an insurtech company, works closely with a number of leading insurance companies in Malaysia to provide car insurance.
Why Is Additional Car Insurance Important?
Car additional protection is an additional guarantee for several risks that are not included in the main insurance. The types of insurance extensions for cars cover risks due to natural disasters such as hurricanes, floods, storms, hail, landslides, earthquakes, tsunamis & volcanic eruptions, strikes & riots, terrorism & sabotage, personal accidents for passengers, legal liability to third parties, as well as legal liability to passengers.
Having car insurance not only provides benefits from the financial aspect, but also maintains the sustainability of important components in the car. However, not all risks are covered. If the risk outside the insurance coverage occurs, financially we have to spend more money to repair or even replace the car. This is an important reason for us to expand our car insurance.
Calvin Teng, Qoala Malaysia Country Manager
What Are The Types of Car Insurance Provided by Qoala?
There are three types of car insurance provided by Qoala which are comprehensive, third-party and fire & theft and third party insurance. Comprehensive insurance offers protection against damage, property loss as well as accidental death or injury. Third-party insurance offers the most basic insurance coverage from third party claims including death, injury, damage as well as loss of property as a result of an accident. Meanwhile, fire & theft and third party insurance offer the same coverage as third party insurance, with the addition of car damage coverage due to fire or theft.
To complete the experience, there are also several Qoala’s insurance partners that offer additional guarantees to extend the previous insurance coverage such as windshield insurance and natural disaster insurance. Windshield insurance provides coverage for sudden windshield cracks or breaks. On the other hand, natural disaster insurance covers damage due to natural disasters such as floods, storms, landslides, earthquakes, fallen trees and so on depending on the insurance policy chosen.
