Read This if You are the Owner of Vehicles Older than 10 Years Old

Picture above shows one of antique cars still roaming the road. The owner of the car must be very much relieved to hear about current ruling by Central Bank to insurance agencies.

Recently, Bank Negara Malaysia (Malaysian Central Bank) announced that the public will be able to obtain motor cover from all general insurers and their branches as well as at Pos Malaysia and its branches nationwide with immediate effect. The measure is necessary to ensure that all motorists will obtain access to motor insurance coverage.

Thus, all general insurers are required to provide motor cover to all motorists including those "displaced vehicles" which mainly comprise private vehicles exceeding 10 years old and motorcycles currently underwritten by the Malaysian Motor Insurance Pool (MMIP).

Thus vehicles owners can now have the opportunity to pay normal market premium rates and will not be subjected to the loading imposed on high risk vehicles.

Vehicles' owner only have to undergo annual road worthiness checks at Puspakom if the vehicles are deemed to be of high-risk to the insurer. This measure will also ensure that the vehicles will not be the caused of accident on the road due its poor and dilapidated condition.

Rear Seat Belt

As expected, those vehicles which were manufactured before certain years without being fitted with rear seat belt were also being slaps with summons by the police and Road Transport Department. The Road Safety Department has issued a statement that their summons can be cancelled as the summonses to rear passengers in vehicles not fitted with rear seat belts was against the ruling announced by the road safety department as announced by its Director-General early this year. Even those types of vehicles need to be identified by a special sticker "an exemption stickers" as they did not have the three 'points' that were needed to fit rear seat belts.

Well for those types of vehicles without being fitted with the rear seat belt, I don't think that it is much safer in terms of its body strength upon high impact collision. I suggests that the next items that the Road Safety Department should look into is the safety aspect of the vehicles body so that only those vehicles that pass stringent safety requirements should be allowed on the road.