Danga Bay flash flood – the end-2022 monsoon season is right here, get particular perils automobile insurance coverage add-on!

The primary floods of the end-2022 monsoon season is right here, as social media customers have reported flash floods occurring in Danga Bay Johor this morning.

MetMalaysia predicts that we are going to face steady heavy rains from mid-November, nevertheless it already beginning to flood proper now in end-September. Issues may get significantly dangerous in mid-November. The influence is extra vital this time round as northeast monsoon is energetic that point of the yr, and the La Nina phenomenon shall be current until early subsequent yr, which can add to rainfall.

If in case you have not seen any vital efforts by authorities to enhance drainage in areas which have confronted heavy flooding the identical time final yr, you must be ready it’ll occur once more.

We should be ready to face the identical floods once more.

That is only a reminder that if you happen to stay or journey by way of a flood-prone space and your motor insurance coverage doesn’t have particular perils add-on, your insurance coverage coverage is not going to cowl injury brought on by flood, which is classed as an act of God.

It’s not tremendous expensive. We tabulated the additional value of including on Particular Perils protection from just a few auto insurance coverage firms in Malaysia, together with AIA, AIG, Allianz, AXA, Etiqa, Kurnia, MPI Generali, MSIG, RHB, Takaful and Tokio Marine. The charges range between 0.15% to 0.50%.

For instance, if you happen to’re insuring a automobile for RM50,000, you’re paying as little as RM75 with MPI Generali, whereas different insurance coverage suppliers like Allianz, AXA, MSIG and Tokio Marine provide the protection for RM100. With larger charges like these supplied by AIA, AIG, Etiqa, Kurnia, RHB and Takaful, the payable quantity is between RM125 to RM250. Click on on the desk above for a greater view.