What cover is available under a Motor Insurance Policy
Answer:
Types of cover
Third party
Third party is the minimum cover that is available. It complies with the Motor Insurance necessary under the Road Traffic Act. It covers loss or damage to third party property (not your own vehicle) and personal injury caused to other people including passengers also liability for accidents caused by your passengers it also covers liability arising from the use of a trailer or caravan attached to the vehicle.
Third party, fire and theft
In addition to the cover provided under Third party (as above) the Policy also provides cover for loss or damage to your own vehicle caused by Fire and Theft
Comprehensive
In addition to the cover provided under the Third party, fire and theft insurance a Comprehensive Policy extends to cover accidental damage to your own vehicle in the event of an accident.
In addition the Policy may provide additional benefits such as Personal Accident Benefits in the event of death or permanent disablement. Medical expenses, dental treatment. Loss or damage to personal property and audio equipment.
The additional benefits vary significantly between policies there are different specific limits. You need to check your own policy to ensure that you are aware of the cover provided and whether it suits your needs
What else do I have to consider when buying Motor Insurance?
Answer
What is the vehicle going to be used for?
There are three options
Social Domestic and Pleasure including commuting to and from one place of work
Social Domestic and Pleasure excluding commuting
Business Use by the policyholder for their own business to travel to and from more than one place of work and between places of work
Clearly the more you use your vehicle the greater the risk of you having an accident and the Insurance Premium is adjusted accordingly
Who is going to use the vehicle?
- If you have convictions for speeding particularly more than one you will probably find that you suffer a higher premium
- If you have a drink driving conviction you may find difficulty in obtaining insurance and you will have to pay a higher premium. You may also find that you have to pay a higher excess or there may be restrictions in cover. It is probable that these higher premiums will continue for some time.
- Your medical condition has an effect upon the premium. Check the link to obtain information concerning Medical Conditions. You have a responsibility to disclose any medical condition to your Insurers when seeking a quotation for motor insurance.
- Age has a significant effect upon premiums. Statistically younger drivers are more prone to accidents. See the navigation panel for advice for Young Drivers.
- All persons who are named under the policy must provide full details of their driving history convictions and medical history. If any named driver has any adverse information disclosed then the premium will reflect this risk.
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