PIAM members ready to pay out claims
In a statement yesterday, PIAM said the claims would involve those who have purchased a flood cover as part of their general insurance policy. - File Pic
The members of the General Insurance Association of Malaysia (PIAM) are ready to pay out claims against losses suffered by victims in the current flood situation.
In a statement yesterday, PIAM said the claims would involve those who have purchased a flood cover as part of their general insurance policy.
“PIAM member companies will process all flood claims as long as flood is an insured peril, regardless of whether a state of emergency is declared or not.
“Standard motor and fire policies exclude coverage against losses caused by natural disasters such as earthquakes, tsunamis and typhoons. However, cover for flood-related loss or
Damage is optional and can be purchased as an extension to these standard policies,” it said.
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