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ANTARA
DAN
DI DALAM KAMAR
DI HADAPAN Y.A. TUAN VERNON ONG LAM KIAT
PESURUHJAYA KEHAKIMAN
GROUNDS OF JUDGMENT
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Kurnia Insurans is not disputing Tan’s claim under the insurance
policy. The only issue of contention is the quantum to be paid out to Tan.
Tan is claiming for the sum of RM450,000.00. Learned counsel for Kurnia
Insurans submitted that the compensation payable is equivalent to the
market value of the car according to the ‘Private Car Policy” (exhibit ‘TYK-
1’) On the other hand, Tan contends that the compensation is the sum
insured, i.e., RM450,000.00.
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(ii) Whether the compensation payable is the insured value or the
market price?
Based on the above findings, the amount payable is the sum insured
stated in the Cover Note and that is RM450,000.00 (see Supreme QBE
Insurance Berhad v Foo Yin Toh [1987] 2 CLJ 466 (CA); Allianz General
Insurance Malaysia Bhd v Navis Shim Lee Hiong [2004] 1 MLJ 437 (CA);
Chop Eng Thye Co. v Malaysia National Insurance Sdn Bhd [1977] 1 MLJ
161).
For the reasons adumbrated above the Court granted an order in terms of
prayers (1), (2) and (3) of enclosure 3.
K.M. Ong - Tetuan K.M. Ong, Lee & Co., Johor Bahru – for Plaintiff.
Maizun – Tetuan Aru Anita & Associates, Kluang, Johor – for Defendant.
VO-nk-24-2642-2006/2009/mj/nb
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