All drivers in Hong Kong know they need to be covered by a third party risk insurance policy under the requirement of "Motor Vehicles Insurance (Third Party Risks) Ordinance". Drivers who want to have themselves being covered by accident coverage, will purchase a comprehnesive motor insurance.

 

This course will, of course, go through the typical coverages offered by motor insurance policies commonly seen in the market, but this course will focus on the "conditions" and "exclusions" when a driver needs to apply compensation in real situations.

 

In particular, what a driver should do when his car crashed? Should he settle with the involved drivers or call the insurance company?

 

Should a driver engage repair services immediately after an accident? How to apply his No Claim Discount ("NCD") in his best interests?

 

This course failicate insurance brokers or agents to provide their driver clients with professional advice, which may in turn enhancing the customer relationship and do good for future businss opportunties. 

What are the esstential ingredients a motor insurance policy should have in order to fulfill the Hong Kong regulatory requirements of third party risk insurance?

 

How to utilize No Claim Discount (NCD) in the best way?

 

Coverage of a typical motor insurance:

• third party legal liabliity
• loss of or damage to the car
• medical expenses 

What are the additional benefits that may be offered by a motor insurance policy? E.g., free windcscrren cover, temporary subsitite vehicle, claims recovery and etc.

 

Real application of motor insurance:

• what to do after accident
• should the driver repair the car immediately after the accident?
• what happens if drivers cannot agree a settlement agreement?