|What would be
considered a Motor Trader?
Motor Traders are those people involved in the motor car
trade, like the straightener, the auto mechanic, the
air-conditioning technician, the electrician, auto
distributors, e.g. Neal & Massy, Toyota or Diamond Motor.
What cover can an insured expect to get under a
comprehensive motor policy?
A comprehensive Motor Policy covers damage to the Insured
Vehicle, by accidental collision, overturning, fire and theft.
Subject to its terms and exclusions, the policy also covers
the Insured's liability to Third Parties for bodily injury or
property damage arising out of the use of the Vehicle. The
Insured may also opt for additional benefits for Windscreen
Damage, Personal Accident, and Special Perils which include
earthquake, hurricane, windstorm and flood.
Is there a difference between a full comprehensive and
a comprehensive policy?
There is no difference. The word "full" is being
dropped in the industry. A Comprehensive policy contains the
widest form of cover that is available from an Insurance
Why would the insured extend cover to include
The additional benefits provide cover for breakage of windows
and windscreen without any effect to the insured no claim
discount or an excess being applied.
What is the procedure when involved in a car accident?
Always make a report to the Police as soon as possible and
within 48 hours of the occurrence of the accident. Report to
your Insurance Company as soon as possible. A claim form must
be completed which will outline the circumstances of the
accident. Bills must be provided to support the claim. An
adjuster will be retained to adjust the loss and make
recommendations. The Insurance Company will negotiate a
settlement with the claimant. On conclusion, and offer and
acceptance must be signed by the claimant. A payment will be
made by them Insurance Company in settlement of the claim.
What can a motor insured do to reduce the possibility
of having a claim?
Insured persons can adopt risk conscious measures to protect
Such measures include:
- refrain from parking in dark lonely areas.
- install security devices i.e. alarms, locking devices,
immobilzers, and the like.
In order to reduce accident claims:
- Cultivate responsible driving habits.
- Refrain from driving while under the influence of alcohol
and other substances including sedatives and prescribed drugs
which induce drowsiness.
- Maintain your vehicle in a road-worthy condition at all
- Always drive within the speed limit
I am 17 years old and have my driving test in one
month. What, if anything, should my parents do so I can drive
the family car, and how will my driving affect their Motor
Most policies exclude driving by anyone who is under
the age of 25 years or who has held a full driver's licence
for less than 2 years unless such person has been declared to
us and terms for their inclusions as an Authorised Driver have
been agreed (an extra premium is usually payable, and a higher
deductible on any claim must be borne by the Insured).
What is the difference between Comprehensive Coverage
and Collision Coverage?
In general, collision coverage will pay for damage to your
vehicle resulting from an accident. Comprehensive coverage
will pay for damage to your vehicle resulting from theft,
vandalism, and other non-collision related perils.
Why should I pay an Independent Valuator for a
valuation, even though I already know the value of my vehicle?
Many persons have asked this questioon and the ansver is quite
simple. The Valuator performs an act called a Valuation or an
Appraisal. This act seeks to properly assess the current value
of the vehicle for insurance purposes. An Independent
Valuator, who is associated with either the insurance company
nor the vehicle owner, is recommended as this person will
provide an unbiased assessment of the vehicle.
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