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Private Motor Insurance

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. There are different levels of cover that can be tailored to your needs.

Comprehensive Insurance

Comprehensive Insurance covers damage to your vehicle including theft, collision, malicious damage, weather related damage as well as third party property damage. Depending on the car year, make and model- insurer’s offer an option of market or agreed value.

Market value means the cost to replace your vehicle with a vehicle of the same make, model, age and condition immediately prior to the loss or damage, but excluding costs and charges for vehicle registration, compulsory third party insurance, stamp duty transfer, dealer warranty costs or transfer fees.

Agreed value means the amount which the insurer has agreed to insure your vehicle for and is printed in your current insurance schedule.

Agreed value policies may cost a little more than market value but provide you with a certainty of what amount you are insured for your motor vehicle.

Fire, Theft and Third Party Property Damage

Fire, Theft and Third Party Property Damage is a limited form of insurance that only covers fire damage to, and theft of, a vehicle. It does not cover collision damage to a vehicle. Third party property damage is also covered.

Third Party Property Only

Third Party Property only covers damage caused by the policyholder’s vehicle. It does not provide cover for the policyholder’s own vehicle. This product is generally only taken out by consumers with a low value vehicle, protecting themselves against damage to other motorists.

Prestige Motor Vehicle Insurance

Some insurers specialise in prestige brand vehicles such as BMW, Mercedes Benz, Jaguar, Porsche and other top of the range vehicles. The covers offered are similar to personal motor insurance policies but may include additional benefits that are broader such as a brand new replacement car for vehicles up to 2-3 years old.

Other specific benefits under this type of cover may include:

  • Delivery of your vehicle to you after repairs
  • Comprehensive limited kilometres cover for those vehicles driven on weekends only in return for a premium reduction
  • Automatic temporary hire of a replacement vehicle following an accident