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<blockquote data-quote="ozone" data-source="post: 296021" data-attributes="member: 71"><p>If you look at the legal aspect, it is a contractual condition. In usual contracts, both parties are able to negotiate on the terms before signing and if they do not agree, they do not have to enter into a contractual relationship.</p><p>However, in Malaysia, there is no chance for people to negotiate on the motor insurance contract ie policy as motor insurance in tariff ie the premiumis regulated and so is the policy terms and conditions - all insurance companies in Malaysia issues the same policy terms and conditions.</p><p>It can be deemed to be unfair to you that you have no choice but the bright side is that the premium that you pay is also controlled and insurance companies cannot increase the premiums as and when they like, even if the risk is bad.</p></blockquote><p></p>
[QUOTE="ozone, post: 296021, member: 71"] If you look at the legal aspect, it is a contractual condition. In usual contracts, both parties are able to negotiate on the terms before signing and if they do not agree, they do not have to enter into a contractual relationship. However, in Malaysia, there is no chance for people to negotiate on the motor insurance contract ie policy as motor insurance in tariff ie the premiumis regulated and so is the policy terms and conditions - all insurance companies in Malaysia issues the same policy terms and conditions. It can be deemed to be unfair to you that you have no choice but the bright side is that the premium that you pay is also controlled and insurance companies cannot increase the premiums as and when they like, even if the risk is bad. [/QUOTE]
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