#Fincrew

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Insuran360 | Kenapa Syarikat Insurans Menaikkan Kadar Insurans Saya?

Mungkin anda telah bersama agak lama dengan syarikat insurans auto ini dan segalanya kelihatan hebat. Anda tidak menghadapi sebarang masalah dari aspek komunikasi dan apabila berlaku masalah, mereka akan segera menjalankan tanggungjawab mereka. Tiba-tiba anda mendapati bahawa kadar insurans kenderaan anda telah meningkat secara mendadak! Apakah yang telah berlaku?

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by fincrew

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Malaysian Site For Car Insurance Renewal & Quotations Online

Malaysian Site For Car Insurance Renewal & Quotations Online

Being able to renew your car insurance and get road tax quotations online, amongst other things, is not a new concept in Malaysia. In fact, we have several players already such as MyEG, AutoRoadTax, and Bjak, for examples of sites focused on auto insurance specifically. So why did digital marketing agency NickMetrics still decide to foray into this industry with Fincrew in late 2020? Its founder,…

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Malaysian Site For Car Insurance Renewal & Quotations Online

Malaysian Site For Car Insurance Renewal & Quotations Online

Being able to renew your car insurance and get road tax quotations online, amongst other things, is not a new concept in Malaysia. In fact, we have several players already such as MyEG, AutoRoadTax, and Bjak, for examples of sites focused on auto insurance specifically. So why did digital marketing agency NickMetrics still decide to foray into this industry with Fincrew in late 2020? Its founder,…

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Many homeowners’ insurance claims are liability losses. They can result in payouts of a few million dollars. If someone gets hurt on your property, or if you cause damage to someone else’s property, you may be liable for medical bills, legal fees, rehabilitation, and many other expenses. You can protect yourself against this risk by purchasing a personal liability policy. The policy will cover your legal expenses if you are sued.

What Is Personal Liability Insurance?

A personal liability policy protects you and your family from liability if you cause physical injury to a third party or cause damage to their property. In addition, the personal liability coverage compensates you for the legal fees and damages you owe. Several factors affect the type of liability insurance you need, including your employment status, industry, and the country in which you live. It is relatively uncommon in Malaysia to take out personal liability insurance as a separate policy, but it is common to include it in insurance packages. However, given the wide range of coverage available, it can be tough to understand which type of liability insurance you need.

What Does Personal Liability Insurance Cover?

A personal liability policy will protect you in a wide range of situations where you may be legally required to pay for something that happens to someone else on your property or, in some cases, on someone else’s property. Among the most common liability claims are the following:

Expenses resulting from an injury sustained by a guest at your home

Litigation seeking compensation for damages that the policy may cover

Damages to persons or property resulting from your negligent acts or omissions

Damage to property or bodily injury caused by your pets

What Isn’t Covered In Personal Liability Insurance?

Your homeowners’ insurance will cover some specific personal liability claims. A few common examples include:

Liability due to a car accident: your auto insurance policy typically covers these claims.

Injury or damage to property by you or a family member

Damages or injuries within the household

Any bodily injury or property damage can be attributed to your professional activities or any business you conduct. A business insurance policy should cover any business-related claim.

Is It Necessary To Have Personal Liability Insurance At Work?

If an accident occurs at work while performing your duties, your business’s insurance policy should cover the costs. You should check if your employer has public liability insurance, which will compensate you for any damage to a third party caused by accident caused by a member of the organization while at work. To protect you personally under similar circumstances as a self-employed person, you must have self-employed public liability insurance.

How Personal Liability Insurance Work

Assume that your homeowners’ insurance offers RM300,000 in personal liability coverage. In addition, you have a personal umbrella insurance policy that covers up to RM1 million. The plaintiffs sue you for RM800,000 for a covered incident, and you lose. The first thing you’ll have to do is pay your homeowners’ insurance deductible, say RM1,000. Next, your homeowners’ insurance will spend the next RM299,000 of the judgment, bringing you up to the RM300,000 limit. You will then have to pay RM500,000 from your umbrella policy. However, due to your high level of comprehensive personal liability coverage, you won’t have to pay that half-million out of your assets.

Final Thought

Feel free to contact Fincrew Insurance today if you have any concerns about the level of cover provided by your policy. We also offer a range of commercial insurance policies available for viewing online today.

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Malaysia’s maid insurance policies offer significant advantages for employers and domestic helpers. These comprehensive insurance plans provide financial protection and peace of mind, ensuring a secure and harmonious working environment. This article will explore the benefits of Malaysian maid insurance, highlighting its advantages to employers and their domestic helpers.

Medical Coverage

One of the primary benefits of maid insurance is medical coverage. Due to accidents, illnesses, or routine check-ups, domestic helpers may require medical attention. With maid insurance, employers can ensure that their helpers receive prompt medical treatment without incurring substantial expenses. By providing access to quality healthcare, this insurance coverage safeguards the well-being of both employers and domestic helpers.

Personal Accident Protection

Accidents can happen unexpectedly, posing potential risks to domestic helpers. Malaysia maid insurance typically includes personal accident coverage, offering financial assistance for accidental injury or disability. Employers can take comfort in knowing that this plan protects employees against unforeseen accidents, and domestic helpers can find reassurance in receiving compensation for medical expenses and income loss during recovery.

Third-Party Liability

In some instances, domestic helpers may accidentally cause damage to third-party properties or injure someone unintentionally while carrying out their duties. Maid insurance often covers third-party liability, protecting employers from potential legal liabilities and financial burdens. By including this coverage, employers can provide a secure working environment for their domestic helpers and avoid unexpected expenses arising from unfortunate incidents.

Repatriation Expenses

If a domestic helper faces personal emergencies or needs to return to their home country due to unforeseen circumstances, maid insurance often covers repatriation expenses. This provision ensures employers and domestic helpers can easily navigate such challenging situations without significant financial strain.

Security Bond

Many countries, including Malaysia, require employers to post a security bond as part of the maid employment process. This bond protects domestic helpers in case of unpaid wages or contract breaches. Malaysia maid insurance often includes coverage for this security bond, relieving employers of the burden of providing a cash deposit and facilitating a smooth employment process.

Conclusion

Malaysia maid insurance offers multiple benefits to both employers and domestic helpers, providing comprehensive coverage for medical expenses, personal accidents, third-party liabilities, repatriation expenses, and security bonds. By investing in maid insurance, employers can fulfill their duty of care towards their domestic helpers while ensuring a secure and harmonious working environment. Domestic helpers, in turn, can enjoy financial protection and peace of mind, allowing them to focus on their responsibilities without undue worries. Explore the various maid insurance policies available in Malaysia at Fincrew to find the one that best suits your needs and priorities.

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The leading insurance and financial product marketplace in Malaysia, Fincrew Malaysia, provides a wide range of financial services. Fincrew Malaysia provides users a comprehensive online platform for comparing and applying for various financial products, including insurance, loans, credit cards, and extended warranties. The platform makes users make informed decisions and find the best deals on economic outcomes by providing a user-friendly experience and excellent customer service.

Fincrew Malaysia offers various services besides its insurance and financial products, such as online will writing and business current accounts. An overview of Fincrew Malaysia’s various financial services, including its auto repair loan, compare SME business loans, compare personal loans, compare koperasi loans, extended warranty, online will writing, and Alliance Bank business current account, will be provided in this article.

Insurance Services

Fincrew Malaysia offers a wide range of insurance services, including:

Maid Insurance: Fincrew understand the importance of safeguarding the well-being of those who support your household. Fincrew comprehensive maid insurance coverage offers personal accident insurance, medical expenses, repatriation costs, and more.

Golfer Insurance: Fincrew tailored this coverage to address the unique needs of golf enthusiasts. From liability to the public and accidental injuries to equipment loss and even hole-in-one celebrations, Fincrew Golfer Insurance has you covered.

Car Insurance: Motor insurance is mandatory in Malaysia for all vehicle owners. Fincrew Malaysia offers motor insurance policies that cover damage to your vehicle and liability for third-party damages.

Travel Insurance: Travel insurance covers unexpected events during your trip, such as medical emergencies, trip cancellations, and lost baggage. Fincrew Malaysia offers travel insurance products that provide comprehensive coverage at affordable prices.

Loan For Auto Repair

An auto repair loan from Fincrew Malaysia is a personal loan designed to help car owners pay for auto repairs. Because these loans are unsecured, they have flexible terms for repayment and competitive interest rates. It makes it easier for car owners to pay for repairs without worrying about how much they will cost upfront.

SME Business Loans Compare

Additionally, Fincrew Malaysia provides a comparison and application for business loans platform for SMEs. Small and medium-sized businesses (SMEs) can get funding using this service, which helps them find the best loan deals with low-interest rates and flexible repayment terms.

Compare An Individual Loan

Fincrew Malaysia likewise offers a stage for people to look at and apply for individual credits. Loans for personal use are for various things, including home improvements, consolidating debt, and paying for unexpected expenses. Individuals can use the service to locate the best loan deals with affordable interest rates and flexible repayment terms.

Comparison Of Koperasi Loan

Koperasi loans are loans from cooperatives that are only available to cooperative members. Members of koperasi can use the Fincrew Malaysia platform to compare and apply for loans with favorable interest rates and flexible repayment terms.

Extended Protection

For various goods, Fincrew Malaysia provides extended warranty coverage for automobiles, motorcycles, and home appliances. Users are provided with financial security and peace of mind due to the additional protection that extended warranty coverage provides against unanticipated breakdowns and repair costs.

Writing a Will Online

Additionally, Fincrew Malaysia provides online will-writing services, allowing customers to draft legal wills without visiting a lawyer. Users can use the service to ensure that their assets’ distributions are by their wishes at an affordable and convenient cost.

Conclusion

Fincrew Malaysia is a dependable and easy-to-use marketplace for financial services that provides a wide range of financial products and services to meet its customers’ various requirements. Thanks to the platform’s user-friendly interface and excellent customer service, it is easier for users to compare and apply for insurance, loans, credit cards, and other financial products. Users can also benefit from Alliance Bank’s business current account, extended warranty, and online will writing services from Fincrew Malaysia.

Fincrew Malaysia is an excellent option for anyone looking to compare and apply for financial products that best suit their requirements and budget because of its competitive rates and flexible repayment terms.

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Research your car insurance options is best. The insurance you choose will also require you to pay an excess or a deductible, no matter what level of coverage you choose. Select a high quantity in exchange for lower monthly premiums. Still, you need to know your deductible and excess to pay more than expected for an unexpected vehicle repair. Fincrew Insurance has put together a guide to help you work out your deductible and excess for car insurance so you only accept a quote that suits your needs.

What’s a Car Insurance Deductible?

In a perfect world, businesses and their customers would always be able to interact honestly to provide quality services for everyone. Unfortunately, this is only sometimes the case in reality. Car insurance providers need to ensure that they put in place measures that discourage their customers from making false claims by putting measures that prevent them from doing so. There is little difference between your car insurance excess and your deductibles other than that an excess refers to the amount you’ve agreed – in advance – to pay if you make a claim. In contrast, a deductible only applies when you are in an accident.

What Is Excess In Car Insurance?

A policyholder’s excess is the amount they agree to pay when they buy the policy towards a claim. In Malaysia, it is similar to a deductible but more common. The amount of your car insurance excess is determined when you purchase your policy. Your only chance of changing it is if you file a claim. Having an idea of your excess can help you prepare for future claims without worrying about how much you can afford. For example, if you choose comprehensive car insurance with an RM4,000 excess and the damage to your vehicle costs RM6,500, you will have to pay RM4,000 of the excess, while your insurer will cover the remaining RM2,500.

Excess amounts vary depending on your risk profile and what you are comfortable paying. If you have limited driving experience or are a new driver, you are statistically at a higher risk, which increases your excess. How you drive your vehicle, where you live, how you use it, and the measures you have taken to prevent your car from being damaged or stolen can all have an impact. You can expect your excess to be lower if you have a tracking device and park it in a locked garage behind a locked gate than if you don’t have the device and park on the street.

There is also the possibility of being offered a percentage excess. You agree to pay a fixed percentage of the total claim cost. You usually have to pay a flat bunch if you get into an accident. Exchange a higher premium for a lower quantity in many cases. However, you should be aware that your premium may increase if the circumstances of your claim change.

How Does Car Insurance Deductible Work?

The amount of your deductible will vary depending on what type of policy you choose, but there are no annual deductibles in this policy. This cost will be your responsibility whenever you submit a claim to the insurance company. Upon payment of the deductible, your insurance company will pay the balance of the claim amount or the repair cost once you have paid your deductible. Here is an example of how a car insurance deductible works:

There is a RM 5,000 deductible and RM 30,000 damage from covered accidental injury.

In the case of an insurance claim, the insurance company might pay RM 25,000 to repair your car, but you are responsible for the remaining RM 5,000 out of your pocket to cover the remaining cost of repairs.

How Much Excess On Car Insurance Should I Pay?

If you are considering paying an excess, remember there is no right or wrong answer. Ultimately, it’s a matter of personal preference. Consider paying a lower monthly premium and spending more on an excess payment. Additionally, you might prefer to pay more every month so that your extra income is low enough to pay without any problems if necessary.

It would help if you remembered that honesty is the best policy for car insurance, including your excess. When dishonest with your insurance provider about who usually drives your car or other things, you may pay a higher quantity or have your claim denied.

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E-commerce has a lot of potential in Malaysia. There’s zero doubt about that. But even with this, it isn’t uncommon for eCommerce and online sellers to struggle a little with getting the ball rolling. So, if you want to get business loans to boost your online business, all you have to do is follow these three (3) simple steps:

Step One – Attend To The Legal Affairs Of Your Online Company

As every Malaysian knows, legalities are essential in the country. Because of this, you need to make sure you’re very clear on the specifics of what type of online business you’re running. In addition to the above, you should also ensure a good picture of the local market. Along these lines, one thing you should be intimately familiar with is the debt collection law in the country. Finally, ensure that you have any license or permit necessary to run the type of online business you’ve set up.

Step Two – Prepare a Clear And Concise Business Plan

Even family members will be hesitant to extend you a line of credit if you don’t give the impression that you’re well put together and have a clear idea of where you’re going. It goes double for corporate finance institutions. Consequently, it would help if you had a detailed and specific business plan. But having said that, it can be challenging to prepare a proper business plan. To help with this process, you can start by putting down all your thoughts and ideas for the online venture as well as your short and long-term goals for the virtual enterprise. It can help you get a clear sense of where you will go so you can prepare a more constructive business plan.

Step Three – Start Knocking On Doors

Now that you’ve defined your brand and have a good business plan handy, the next thing on your to-do list becomes finding the best business loans for your enterprise. One of the most practical and efficient ways of doing this is by looking at what funding opportunities the government is offering. Five (5) fantastic funding schemes we love are;

The TEKUN Financing Scheme.

Soft Loan Schemes for Services Sector or SLSSS.

The Tambung Pembangunan Pengangkutan Awam Scheme or TPPA.

Tabung Usahawan Siswazah or TUS Scheme.

SME Emergency Fund Program or SMEEF.

However, as many of these programs tend to have a long waiting list, they aren’t always ideal for online businesses that need the influx of cash as soon as possible. So alternatively, you can use the FinCrew Small and Medium Enterprise (SME) Loan Comparison tool to get a rundown of what options you can access more quickly. It’s simple to use, delivers excellent results, and it’s completely free!

Conclusion

It can take a considerable amount of resources to get your online business to where you want it to be. But now that you have a better idea of how to get more funds, we hope you have an easier time with the affair!

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The workplace should provide an employee with some form of insurance coverage. While certain types of insurance coverage are mandatory for certain employers, others are not. However, it is best to understand the more common types of insurance that your employer may offer. What’s the reason? Understanding what you have and do not have allows you to fill in any gaps in your coverage. As a result, you will be well informed enough to take advantage of the benefits you need when you need them.

Healthcare Insurance

Many employers offer group healthcare insurance to their employees. You can choose from different coverage options, from the most basic to the most comprehensive. Employees can typically choose between different insurance plans their employers provide, and employees can adjust these plans as necessary. Knowing what is covered and what isn’t includes learning whether you choose your physician and the deductible or other costs.

Disability

Disability insurance is another type of employer insurance. If an employee becomes disabled, an employer will purchase income replacement insurance not to lose their income. The employee will receive a regular payment if he becomes disabled through this type of insurance. The majority of insurance policies have a waiting period to be adhered to by individuals. Depending on the severity of the bodily injuries, they might have to wait 60 days before they begin receiving benefits. Most employers only insure their workers for short-term liability. As a result, most companies will only provide financial support to disabled individuals for a short period (a year or less). A person who is still unable to work after this point can seek disability benefits from Social Security or a private disability insurance policy.

Worker’s Compensation

If a company has employees, it is required to purchase worker’s compensation insurance. Workers’ compensation insurance covers the medical expenses incurred by employees due to workplace injuries. If a worker gets injured on the job, she can obtain the medical care she needs and then file a worker’s compensation claim. Her insurance will then pay her medical bills. Employees who accept this coverage agree not to sue their employers for negligence. It is also known as workman’s compensation.

Life Insurance

Employees typically purchase group life insurance through their employers. Knowing what kind of coverage your employer provides and the death benefit is essential if you have such a range. In many cases, these types of life insurance group plans are just short-term or accidental death policies that cover just enough of your final expenses or come with death benefits equal to just one year of your salary. A life insurance policy that requires little or no medical examination is better than none, and group life insurance might be a cost-efficient way to start one. Nevertheless, make sure you have enough coverage by checking your limits and policy type.

Reviewing your coverage is essential if your employer offers you free or low-cost benefits at work. Talk to us at Fincrew to determine whether you need coverage beyond what is provided by your employer. Our representative can help you choose the right policy that is best for you.

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The only surefire way to improve the longevity of any machine is by following a consistent maintenance culture. It is where car servicing comes into the picture. You need to know the basics of good car service to get the best value out of your brand-new or second-hand car. Let’s take a look at that now.

What Is Car Servicing?

Car servicing involves taking your automobile to a professional for a full health check and routine maintenance measures after a specific time has passed or the vehicle has covered a certain distance. How often you have to get your car serviced depends on several variables. The most important of these are the car brand and the road conditions you use the vehicle in.

What Does a Full Car Service Cover?

Giving your car a full service involves:

Cleaning Or Replacing The Filters

There are four (4) different types of filters in your car. These are the air, cabin, fuel, and oil filters. Each of these filters plays a vital role in maintaining the functionality of your vehicle, and cleaning or replacing them as appropriate can make a huge difference.

Cleaning Or Replacing The Spark Plugs

Cars that undergo a fairly regular complete servicing procedure are less likely to have problems starting. Taking proper and timely care of the vehicle’s spark plugs contributes to keeping the ignition in top shape.

Properly Gauging The Tires

Most vehicle owners underestimate the importance of ensuring their tires have the proper pressure. However, if you use your vehicle when it doesn’t have the correct tire pressure, you’re effectively reducing the lifespan of the tires. What’s more, you may be increasing your fuel consumption too. Servicing your car also extends to gauging the tire pressure and ensuring everything is as it should be.

Maintaining The Vehicle’s Lubricants

From the brake and the power steering fluid to the engine oil and automatic transmission fluid, servicing your car ensures that all these lubricants are appropriately changed and up to gauge.

Cost Of Car Servicing In Malaysia Today

Since the frequency and intensity depend on the car, the amount for this service is also determined. For example, servicing a Perodua Myvi can cost as little as RM 118, while giving a Mercedes the same treatment can easily cost RM3,000 or more.

Advantages Of Regularly Servicing Your Car

Some benefits of consistently carrying out maintenance practices on your vehicle are;

Reduces unnecessary expenses

Ensures your safety

Improves the lifespan of your automobile

Ensures that you can demand a higher asking price at resale

Keep your vehicle running smoothly at all times.

Conclusion

The pros of frequently servicing your car far outweigh any financial constraints this exercise might put on you. So, it’s certainly worth doing. See this to complement your car servicing with excellent auto insurance.

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10 Most Common Breakdown Causes (Part 1) 🚗 A flat or faulty battery 🚗 Alternator trouble 🚗 Damaged tyres or wheel 🚗 Electrical problem 🚗 Keys and alarms 🚗 Misfuelling 🚗 Clutch cables on manual vehicles 🚗 Diesel Particulate Filter (DPF) 🚗 Starter motor 🚗 Overheating #caraccident #accidentcar #carsaccident #carbreakdowns #carbreakdown #breakdowns #breakdown #DriverGuide #fincrew (at The Vertical Office Suites at Bangsar South) https://www.instagram.com/p/CSdx6JlhRyw/?utm_medium=tumblr

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保险360 | 影响你汽车保险费的三大因素

你和你的家人、朋友的车险费用都各不相同。当你在考虑为你的汽车投保时，是否想过保险公司是用什么标准来衡量而制定你的保险费呢？ 没有想过吧？那让我们来看看以下的因素来给你增广见闻：

第一、汽车保险的种类

在上集视频已经和大家简单解释了不同类型汽车保险，其中就包括3号保险 （3rd party Car Insurance）、2 号保险（Third Party, Theft and Fire Car Insurance) 和 综合性保险（comprehensive car Insurance）。3号保险是当中最为便宜的，因为所覆盖范围仅限于第三方。 综合性保险比2 号保险来的更贵一些，因为覆盖范围是包括了第三方、火灾和盗窃及车主本身的车子。因此，一定要记得，覆盖率越高，保险费就会越高。保险费高低和索得的理赔金额成正比的。

第二、汽车种类

你所拥有的汽车品牌及型号对于车险的保险费有绝对性的影响。比如说，一般比较高档的汽车的保险费都会比较高，这是因为汽车本身的零件可能比较贵。因此，修理费也相对的比较高。其次，盗窃可能性较高的汽车，保险费都会比较贵。根据马来西亚总保险公司发布，Toyota Hilux和Proton Wira是马来西亚最常被偷的两款车。

第三、个人因素

保险公司会依据车主，也就是投保人的性别、年龄、婚姻状态、行驶记录进行评估。一般上，年轻女性发生事���率比同年龄层男性更低一些。已婚人士的驾驶者一般都会被视为更加谨慎，所以发生事故率比单身或是未婚者更低一点。再来，就是行驶记录。如果你曾经接到罚单、发生事故而进行理赔，你的保险费可能会比没有收过罚单和没有发生事故的车主来的更高一些。这是因为，保险公司认为你很有可能再发生事故。

https://blog.fincrew.my/2021/08/12/影响你汽车保险费的三大因素/

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What Are Legal Liabilities To Passengers? 🚓 Legal liabilities to Passengers, commonly refers to as LLNP or LLTP. It is an extra coverage that you can take up with extra premium. 🚓 Whereby it covers you against legal liabilities sought by your passengers against you in an event of an accident due to your negligent. https://blog.fincrew.my/2020/11/07/legal-liabilities-to-passengers-lltp-insurance-coverage/ #insuranceagent #lifeinsurance #insurance #insurancecompany #insuranceclaims #carinsurance #cargoinsurance #insurance360 #fincrew #LLTP #AutoInsurance #motorinsurance (at Kuala Lumpur, Malaysia) https://www.instagram.com/p/CR8_lAiB9Mh/?utm_medium=tumblr

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What is Insurance360? A video series comes with 3 languages, Chinese, Malay and English. Each language hosted by different spokesperson and over 50 episodes. Where we talk about all different kind of insurance topics. Follow Fincrew and stay tuned on each of Insurance360 episodes. #insuranceagent #lifeinsurance #insurance #insurancecompany #insuranceclaims #carinsurance #cargoinsurance #insurance360 #fincrew (at The Vertical Office Suites at Bangsar South) https://www.instagram.com/p/CR8--MEBoQX/?utm_medium=tumblr