![]() ![]() The importance of car insurance is made clear in the Motor Vehicle Act of 1988 which stipulates that car insurance is a legal requirement for all car owners to possess. With damage sustained to the respective cars of policyholders. As a result of this payment, car insurance providers pay for some, if not all, the costs associated As opposed to having to pay out-of-pocketįor any of these damages that the vehicle might sustain, policyholders are required to pay an annual premium to their car insurance company. The value of car insurance lies in the fact that it provides coverage in the event that the policyholder’s car is damaged in an accident or natural disaster or if it has been stolen or vandalised. Cars are convenient forms of transportation as they allow people to get from one place to another in a reasonable amount of time.Īn important aspect of owning a car today is owning an accompanying car insurance policy that helps protect the owner of the vehicle. This guarantee is not transferable.In today’s day and age, several individuals choose to get around town with the aid of their own car. We guarantee materials and workmanship on repairs we authorise for as long as you own or lease your vehicle. If a rental car is not available, we will pay you a travel allowance of $50 a day for as long as we would have given you a rental car. The maximum daily rental charge we will pay is $100. You'll get the rental car for as long as it takes to recover your vehicle undamaged, recover your vehicle and repair any damage, settle your claim by paying you the agreed or market value, or for a maximum of 30 days, whichever happens first. We'll arrange a rental car where we have accepted your claim for the theft of your vehicle. In certain circumstances we may agree with you to use a different repairer than the one that you selected or pay you the reasonable repair costs. If you choose to reduce your premium by naming drivers on your policy, an unnamed driver will incur a $2,500 excess (this replaces Your Basic excess and all other excesses where applicable). This discount is applied to our standard rates (excluding optional covers). Up to 5% named driver discount is applied when you select this option and name all drivers on your policy at the time of purchase. Named driver discount applies to comprehensive car insurance policies only. If the broken windscreen or window glass is the only damage to your vehicle.To one replacement claim plus two repair claims in any one period of insurance and. ![]() When the removal of basic excess for windscreen claims policy option is selected, and the windscreen or window glass in your vehicle is accidentally broken or damaged, we will not apply Your Basic excess to your claim. Removal of basic excess for windscreen claims This means if you arrange new insurance you will not have cover for these events until 72 hours after purchase of your policy.ģ. To manage the risk of people taking out insurance on their uninsured vehicle when events such as cyclones, floods or bushfires are predicted, a 72 hour waiting period applies to some insured events. ![]() 72 hour waiting period for loss or damage occurring from cyclones, flood or bush fires Discounts do not apply to taxes or government charges.ĭiscounts are not applied to any optional benefits purchased.Ģ. ![]() For example, the aggregate effect of applying two discounts consecutively means that you will not see the full benefit of both these discounts. This means the effect of applying any subsequent discount will be reduced. If you are eligible for more than one discount, TIO applies them in a predetermined order. Any discounts/entitlements may be subject to rounding and only apply to the extent that any minimum premium is not reached. ![]()
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