{"id":137056,"date":"2022-11-15T16:19:33","date_gmt":"2022-11-15T08:19:33","guid":{"rendered":"https:\/\/www.hoi.my\/cms\/?p=137056"},"modified":"2022-11-15T16:25:29","modified_gmt":"2022-11-15T08:25:29","slug":"who-are-1st-party-3rd-party-comprehensive-when-we-talk-about-insurance-takaful-cover","status":"publish","type":"post","link":"https:\/\/www.hoi.my\/cms\/who-are-1st-party-3rd-party-comprehensive-when-we-talk-about-insurance-takaful-cover\/","title":{"rendered":"Who are 1st Party, 3rd party &#038; comprehensive when we talk about insurance\/takaful cover?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Who are 1st Party, 3rd party &amp; comprehensive when we talk about insurance\/takaful cover?<\/p>\n<p>\u00a0Although it makes sense there is no 2nd party cover.<\/p>\n<ul>\n<li>1st party refer to the driver\/owner.<\/li>\n<li>2nd party always refers to the risk taker (Insurance \/ Takaful company)<\/li>\n<li>3rd party is referring to the other person(s) involved<\/li>\n<li>A comprehensive cover is a cover which covers all three parties above<\/li>\n<\/ul>\n<p>Example: Ali (1st party) drove a car with a valid ABC Berhad(2nd party)\u00a0 insurance cover. Hit Ahmad(3rd party) a motorcycle rider.<\/p>\n<ul>\n<li>Ali paid for 3rd party cover type which will only cover Ahmad&#8217;s claim due to the incident.<\/li>\n<li>Ali&#8217;s car will be covered if only Ali subscribed to Comprehensive cover.<\/li>\n<\/ul>\n<p>We respect each customer&#8217;s opinion on which cover deem fit.<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][et_pb_divider _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>Good news for all customers.<\/p>\n<p>In the focus on a fully automated and fast process, we recently updated our backend system (FARA) to automatically identify the previous cover of customer vehicle cover and assign it accordingly.<\/p>\n<p>Here are some examples:<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.hoi.my\/cms\/wp-content\/uploads\/2022\/11\/3rd-party-insurance.gif&#8221; alt=&#8221;3rd-party-insurance&#8221; title_text=&#8221;3rd-party-insurance&#8221; _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>MOTOR THIRD PARTY &#8211; Covers else than the policyholder<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.hoi.my\/cms\/wp-content\/uploads\/2022\/11\/3rd-party-fire-and-theft-insurance.gif&#8221; alt=&#8221;3rd-party-fire-and-theft-insurance&#8221; title_text=&#8221;3rd-party-fire-and-theft-insurance&#8221; _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>MOTOR THIRD PARTY FIRE AND THEFT &#8211; Similar to MOTOR THIRD PARTY, this cover includes for there be any incident of loss(stolen) or if your vehicle caught fire.<\/p>\n<p><em>* 3 examples taken from actual different model of cars and motorcycle with age differs.\u00a0<\/em><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.hoi.my\/cms\/wp-content\/uploads\/2022\/11\/1st-party-comprehensive-insurance.gif&#8221; alt=&#8221;1st-party-comprehensive-insurance&#8221; title_text=&#8221;1st-party-comprehensive-insurance&#8221; _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.18.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>MOTOR COMPREHENSIVE &#8211; The best cover of all. This cover type enables other additional features\/options such as<\/p>\n<ul>\n<li>Special Perils &#8211; Incident in act of god eg: flood<\/li>\n<li>Windshield cover &#8211; This cover will let you claim windshield damage without impacting your NCD<\/li>\n<\/ul>\n<p>and much more<\/p>\n<p>Try <a href=\"https:\/\/hoi.my\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/hoi.my\">FARA<\/a> and experience how fast we populate the data for a quotation.\u00a0<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who are 1st Party, 3rd party &amp; comprehensive when we talk about insurance\/takaful cover? \u00a0Although it makes sense there is no 2nd party cover. 1st party refer to the driver\/owner. 2nd party always refers to the risk taker (Insurance \/ Takaful company) 3rd party is referring to the other person(s) involved A comprehensive cover is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":137059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[1],"tags":[],"yst_prominent_words":[1284,259,370,270,203,237,272,1571],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts\/137056"}],"collection":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/comments?post=137056"}],"version-history":[{"count":6,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts\/137056\/revisions"}],"predecessor-version":[{"id":137069,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/posts\/137056\/revisions\/137069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/media\/137059"}],"wp:attachment":[{"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/media?parent=137056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/categories?post=137056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/tags?post=137056"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hoi.my\/cms\/wp-json\/wp\/v2\/yst_prominent_words?post=137056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}