Every day we face choices.
Few of those affect the safety of our life and that of our families
Understanding what is covered by your car insurance policy can help you avoid unexpected costs in the future. So, how do you know if you have the right cover for your vehicle? Read below to see what factors come into consideration, so you can be confident in your decision.
Comprehensive Insurance offers the highest level of protection.
However: there is a wide range of policies on the market, careful consideration is required to get what best suits you and your family.
Some Key Points to look for besides the price
* Choice of Repairer – best to retain this option so that you can select a repairer that has completed all the correct training and equipment necessary, to do the job right.
We would also recommend a little research here. Look for a repairer with a great reputation
https://carcraftgroup.com.au/wp-content/uploads/2021/02/Choice-of-Repairer-Doc.pdf
In a Preferred Repairer Option your insurer will make this decision on your behalf, your request or opinion may not be considered
Compulsory Third Party (CTP) insurance is a legal requirement for all drivers in Queensland and is attached to the registration of your vehicle. CTP covers the cost of third-party compensation claims if you, or anyone driving your car, causes an accident in which someone else is injured. You are also covered if you are Not At Fault – Partially covered if you are.
Third Party Insurance offers cover for damage caused to someone else’s vehicle or property if you’re liable for it.
It does not cover your vehicle, property or medical costs.
Some factors that can affect the Premium cost include
• Location or Postcode
• Previous Claims History
• Where the vehicle is stored e.g., Behind a fence or in a garage
• Age: young drivers = higher risk, older drivers’ slower reaction time
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It may be possible to include people in these higher risk groups to another policy such as a parent or guardian.
Next Month we look at Options on policies
Andrea McCarthy
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