Insurance

BMW RETURN TO INVOICE INSURANCE.

THE SHORTFALL PROTECTION.

When you genuinely love and care for your BMW, you want to protect it in the best way possible. BMW Return To Invoice Insurance protects your finances should your vehicle be written off due to accident, theft or fire.

BENEFITS.

COVERAGE

The financial shortfall between the original purchase price and the amount received from the Comprehensive Motor Insurance Policy for Total Loss.

TYPE OF VEHICLE

New BMW vehicle with Comprehensive Motor Insurance Policy.

PERIOD OF COVER

3 years.

CLAIM

Only one(1) claim can be made during the policy tenure. Premium will be refunded in the case of 1st Year Claim.

SUM INSURED

Up to RM1,000,000.

PROTECTION

Covers total loss to the vehicle due to accidental damage, theft or fire during policy tenure.

HOW IT WORKS.

BMW Return To Invoice Insurance bridges the gap between the original purchase price and the amount you receive from the claim on your Comprehensive Motor Insurance Policy for Total Loss of your Vehicle.

HOW IT WORKS

GET A QUOTE OR MAKE A CLAIM.

Contact your BMW Authorised Dealership to get a quote or to make a claim. BMW Financial Services is here to assist you.

For full terms and conditions of BMW Return To Invoice Insurance, please download the policy wording handbook.

Contact Us

Who is entitled to purchase Return To Invoice Insurance?

Only new Private Car Vehicle owners with Hire Purchase Loan are entitled to purchase Return To Invoice Insurance

Can a cash purchaser be insured with Return To Invoice Insurance?

No.

Is Return To Invoice Insurance policy transferable?

Return To Invoice Insurance policy is NOT transferable.

Is Return To Invoice Insurance policy renewable?

Return To Invoice Insurance policy is NOT renewable

Is Special Perils covered by Return To Invoice Insurance policy?

Yes, provided Comprehensive Motor Insurance policy is extended to cover these extra benefits.

Must the vehicle owner purchase the Return To Invoice Insurance policy upon inception of Comprehensive Motor Insurance?

No, customers have 90 days grace period from vehicle purchase date (invoice date) to decide on insuring Return To Invoice insurance.

TERMS & CONDITIONS:

The Policyholder is the registered owner and is required to have Hire Purchase Loan for the purchase of the Insured Vehicle.
The Insured Vehicle must be sold by a BMW Authorised Dealership registered in Malaysia.
BMW Return To Invoice Insurance must be purchased within 90 days upon the purchase of the vehicle.
BMW Return To Invoice Insurance policy tenure is for a period of 3 years and is non-transferable to any other person or operate for any other vehicle.
In the event of Total Loss, BMW Return To Invoice Insurance will pay for the financial shortfall between the Original Purchase Price of the Vehicle and the higher of:
a. The claims settlement amount received by the Policyholder from the Comprehensive Motor Insurance Policy; or
b. The Market Value of the vehicle.
Notwithstanding the above, in the event the Vehicle is classified as a Total Loss within the first twelve (12) months of the Period of Insurance of this BMW Return To Invoice Insurance Policy, only the total premium paid under the Policy shall be refunded to the Policyholder and the Policy shall be deemed terminated.
Maximum claim payout shall not exceed the BMW Return To Invoice Insurance sum insured.
The description of the available cover is only a brief summary for quick and easy reference. The precise terms, benefits, conditions and exclusions that apply are stated in the Policy.

Terms and conditions apply. BMW Return To Invoice Insurance is underwritten by Allianz General Insurance Company (Malaysia) Berhad. 200601015674 (735426-V).