Motor insurance can cover your motor vehicle against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing another person’s vehicle in an accident where you’re at fault. Under a motor insurance policy, you can generally choose to insure your car for an agreed amount, or for the market value of your vehicle- up to $150,000.
If your car is damaged in an accident where you’re at fault, having comprehensive motor insurance helps to pay for repairs – or can replace it all together if your car is written off. If your car is stolen, comprehensive motor insurance can pay you the agreed or market value, so you can buy another car. Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s car – is also available as a standalone policy. However, if you only have this cover, there’s no cover for any damage to your own car.
Motor insurance provides you with extensive protection if your vehicle suffers loss or damage depending on the type of cover in place. The full list of benefits will be provided whether commercial or private.
Each policy is different, but generally you won’t be covered if the vehicle is:
There are other exclusions which may apply. In addition, there is a deductible/excess.
This information is not intended to be advice and you should not rely on it as a substitute for any form of advice. You should always consider the PDS / Policy wording before making a decision.
Contact InterPrac General Insurance on 1800 086 666 or complete the enquiry form below and an InterPrac team member will be in contact with you shortly.