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<blockquote data-quote="armereth" data-source="post: 122483"><p>No. Totally different. To make is simple</p><p></p><p><strong>Excess Fee</strong> = Fixed amount that the owner have to pay whenever a claims is made. It is irregard to whose fault was it. Some insurance does not apply this for the sake of marketing. If applied, it is make & model dependant. High risk car like Toyota Altis, Mitsu Storm have very high excess whereas Wira has none. It can be negotiated on case by case basis. When I was using my Madza Figther I brought it down to RM1000 from RM 1500</p><p><strong></strong></p><p><strong>2F excess Fee</strong> = Additional excess fee that the owner must pay if :</p><p>a) The driver has less than 2 years of driving experience at the time of the accident or:</p><p>B) Unamed driver. The driver is someone not mentioned as "Additional Driver" in the policy or:</p><p>c) The driver is under the age of 21.</p><p></p><p>2F excess fee is fixed by Bank negara at RM400. Not negotiatable. </p><p></p><p><strong>Betterment</strong> = Fee you have pay for getting new parts when the original parts on your car was old. Fixed rate by Bank Negara. If dont want to pay betterment, tell workshop to fit used parts or taiwan parts</p></blockquote><p></p>
[QUOTE="armereth, post: 122483"] No. Totally different. To make is simple [b]Excess Fee[/b] = Fixed amount that the owner have to pay whenever a claims is made. It is irregard to whose fault was it. Some insurance does not apply this for the sake of marketing. If applied, it is make & model dependant. High risk car like Toyota Altis, Mitsu Storm have very high excess whereas Wira has none. It can be negotiated on case by case basis. When I was using my Madza Figther I brought it down to RM1000 from RM 1500 [b] 2F excess Fee[/b] = Additional excess fee that the owner must pay if : a) The driver has less than 2 years of driving experience at the time of the accident or: B) Unamed driver. The driver is someone not mentioned as "Additional Driver" in the policy or: c) The driver is under the age of 21. 2F excess fee is fixed by Bank negara at RM400. Not negotiatable. [b]Betterment[/b] = Fee you have pay for getting new parts when the original parts on your car was old. Fixed rate by Bank Negara. If dont want to pay betterment, tell workshop to fit used parts or taiwan parts [/QUOTE]
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