Bank Negara Clarifies Knock-For-Knock Insurance Policy for Motorists
Bank Negara Malaysia (BNM) has provided further clarity on the Own Damage Knock-For-Knock (ODKFK) policy, a system designed to make the claims process easier for motorists involved in accidents where they are not at fault. According to BFM Radio, under this policy, drivers with comprehensive motor insurance can now claim directly from their own insurers