PIAM: Only About 13% of Malaysia's 26.6 Million Active Vehicles Carry Flood Cover, Leaving Roughly 23 Million Without Specific Protection
Chua Kim Soon, chief executive officer of the General Insurance Association of Malaysia (PIAM), said the flood-protection gap among Malaysian vehicle owners remains large. He estimated that only about 13 percent of the country's roughly 26.6 million active vehicles, or about 3.4 million vehicles, carry specific insurance against flood damage, leaving about 23 million without that protection.
Chua said comprehensive motor insurance generally does not automatically cover damage from floods, storms and landslides. Those risks usually require an optional extension called Special Perils, which must appear in the policy. For a vehicle insured for RM100,000, he estimated the additional annual premium at RM200 to RM500, or roughly RM17 to RM42 a month.
Department of Statistics Malaysia figures put national flood losses at RM636.9 million in 2025, down from RM933.4 million in 2024, while losses to public assets and infrastructure rose from RM303.4 million in 2024 to RM380.2 million in 2025. Data cited by PIAM also show that only 3.87 million of Malaysia's 9.1 million households held home insurance, leaving about 5.23 million households without it.
Chua said flood insurance for vehicles and property remains optional, and the association is encouraging owners to confirm their existing cover with their insurer before renewal and to ask about the cost of extending it.
Source: General Insurance Association of Malaysia (PIAM
Published by GSM · USA (original Chinese edition)
Photo: 图：马来西亚 Kuala Lumpur 一处被洪水淹没的街道，车辆停放在积水中（资料照片）。来源：Gary Houston，Wikimedia Commons，CC0。 / Photo: A flooded street in Kuala Lumpur, Malaysia, with vehicles standing in the water (file photo). Source: Gary Houston, Wikimedia Commons, CC0.
