Overseas vs Malaysia Specialist Fees: Overseas vs Malaysia Specialist Fees: Patient Burden Explain. Many ordinary people in Malaysia feel unhappy about Malaysia specialist fees:, They ask a common question: Do doctors and specialists in other countries follow standard charges when patients use medical cards or insurance? Or is it different from Malaysia, where some people […]
Agreed Value vs Depreciation: Insurance and Accounting
Agreed Value Insurance Agreed Value vs Depreciation: Insurance and Accounting. They serve very different purposes. In simple terms, one helps decide how much money you receive after a loss, while the other helps show the true cost of using an asset over time in business accounts. This article explains both ideas in everyday language so […]
Why Rental Clause & Debris Cover Matter in Fire Insurance?
Why Rental Clause & Debris Removal Matter in Fire Insurance Why Rental Clause & Debris Cover Matter in Fire Insurance? When a fire damages a house, the loss is more than just burnt walls and furniture. Families may lose their place to live, and owners may lose rental income. On top of that, cleaning up […]
The Hidden Danger of Being Underinsured
Danger of Underinsured The Hidden Danger of Being Underinsured. How can being underinsured cost you everything? Learn how inflation affects the sum insured and why accurate coverage is critical in a total loss claim. ⚠️ The Hidden Danger of Being Underinsured: What Every Property Owner Must Know Imagine this: your home was insured for RM200,000 […]
Fraud and High Medical Claims Cause Premium Hikes
Understanding the Link Between Fraud and Rising Medical Insurance Premiums.The escalating cost of medical insurance premiums is a concern that continues to plague many individuals and families. While several factors contribute to this upward trend, two key elements stand out: fraud and high medical claims. Understanding the link between these two factors and rising medical […]
Excess Claims Drive Health Insurance Premium Hikes
Understanding the Impact of Excess Claims on Health Insurance Premium Hikes Excess Claims Drive Health Insurance Premium Hikes. The escalating cost of health insurance premiums is a concern that continues to plague many individuals and families across the globe. One of the primary drivers of these increases is the prevalence of excess claims. Understanding the […]
The principle of utmost good faith with example
Understanding the Principle of Utmost Good Faith through Real-Life Scenarios The principle of utmost good faith with example , also known as “uberrimae fidei,” is a fundamental tenet in the world of insurance and contract law. It is a legal doctrine that requires all parties involved in a contract to act honestly and not withhold […]
How to claim flood damage to your car?
Steps to Successfully Claiming Flood Damage for Your Car How to claim flood damage to your car? When you find your car submerged in water due to a flood, it can be a distressing experience. However, it’s important to remember that you can claim flood damage for your car from your insurance company. This process […]
Claim flood damage in Malaysian fire insurance
Understanding Flood Damage Coverage in Malaysian Fire Insurance Policies How to claim flood damage insurance? In Malaysia, the interplay between fire insurance and flood damage coverage is a topic of significant importance, particularly given the country’s susceptibility to monsoonal rains and flash floods. Understanding the nuances of how flood damage is addressed within the framework […]
1 principle: utmost good faith binding insured and insurer
1 principle: utmost good faith binding insured and insurer. The principle of utmost good faith, also known as “uberrimae fidei,” requires both the insurer and the insured to act honestly and disclose all relevant information when entering into an insurance contract. Here’s a true-to-life example in the context of general fire insurance: Example: Scenario: John […]