Driving in Malaysia: Exploring the Automotive Coverage Industry
The automotive industry is an essential part of Malaysia's economy, contributing significantly to the country's GDP and providing employment opportunities. With a growing number of vehicles on the road, the need for automotive coverage has also increased. The automotive coverage industry in Malaysia has seen substantial growth over the years, with various insurance companies offering a range of products to car owners. In this article, we will discuss the automotive coverage industry in Malaysia, including the types of coverage available, the top players in the market, and the challenges faced by the industry. Types of Automotive Coverage in Malaysia In Malaysia, there are three main types of automotive coverage available to car owners: Third-Party Coverage, Third-Party Fire and Theft Coverage, and Comprehensive Coverage. Third-Party Coverage is the most basic and affordable coverage option available. It only covers damages caused to third-party property and does not provide...