The Malaysian government has announced that flood discount vouchers will be provided to all car owners who are victims of flood damaged cars. This is an initiative to help reduce the financial burden faced by them.
Malaysia has been hit by massive floods last December. As a result, about 50,000 cars were estimated to be damaged and stranded. To repair a flood damaged car, it can cost anywhere between RM1,000 to RM20,000 depending on the type of car. If you have flood protection in your insurance coverage, then your insurance company will cover the repair cost.
However, it is estimated that 95% of Malaysians do not have flood protection and are not aware of it. This means that a majority of Malaysian have to pay for the repair cost of their flood damaged cars on their own.