Insuring the Trailers – according to the tariff

It is mind boggling with the tariff section relevant to TRAILERS.MXMVAA04 LOCKWOOD RAINEY

It is very difficult for the Insured to ensure that the insurer insuring their prime mover (“Vehicle”) and the trailer attaching to it must be the same. What if the Insured is required to change insurer on renewal in the circumstances that the period of insurance applicable to the Vehicle and to the trailer differs? They may end up with the Vehicle being insured with MMIP but the trailer is still serving the period of cover with Kurnia, as a matter of example?




Para 1 Trailers may not be insured separately. Trailers must be insured together with the Vehicle.Same insurer??
The third party cover on the vehicle and the trailer must correspond but otherwise the cover need not be identical provided the Policy is suitably amended. Minimum cover is on third party policy with limited gaps between the cover to the vehicle and that of the trailer.Must the insurer be the same??
Para 2 on Specified trailers Cover while attached to any vehicle or detached Must the trailer be attached to a designated Vehicle (or any other Vehicle) while being towed?It is clear where trailer is detached, the cover is still effective.
Premium to be charges for each trailer No mention whether NCD is allowable.
Specified trailers are to be separately described in the Policy schedule under “Motor Vehicle” Under “Motor Vehicle” column of the Policy Schedule, the trailer’s details must be stated.No necessity to insured together with the Vehicle??
Para 3 on Unspecified trailers Covers only while attached to a vehicle described in the Policy schedule. If detached, then there is no coverage for the trailer.
Premium to be charged per specified towing vehicle calculated on the aggregate value of the trailers of the highest values which will be attached to each vehicle at any one time. The highest value of the trailer is used for premium calculation.
Premiums computation for Schedule 1 and Schedule 2 Straightforward
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3 comments for “Insuring the Trailers – according to the tariff

  1. November 24, 2010 at 23:56

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  2. Anonymous
    August 25, 2009 at 22:38

    Trailer premium is very cheap oready, give NCD lagi more cheap! Insurer will lose money. Since trailer is not a vehicle, it should be charged without NCD applicable.

  3. winston
    August 6, 2009 at 18:48

    It is not practical for both the Head and the trailer to be insured with the same insurers. Example I insured both the units with X insurer but the period of insurance is not the same; on renewal, the head was renewed with Y insurer because X insurer no longer wanted to underwrite such risk anymore. If your suggestion is correct, ie. both units must be insured together with one insurer, then Y insurer must be rejecting my renewal unless I cancel the trailer insurance and renew them togetherwith Y insurer!

    This process of migrating to new insurer is going to be very stressful for the Insured!

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