subject: Do You Need Comprehensive Car Insurance? [print this page] In order to consider whether or not to enter into comprehensive car insurance or not, you have to know the facts of the matter. A lot of people with older vehicles opt to have third party insurance only, and therefore should they be in an automobile accident they are insured for the damage to the third parties' car. This decision will depend on the price of insuring only for third party cover which is less costly than comprehensive car insurance, but there is a very good case for thinking about comprehensive cover inspite of your vehicle's age.
Comprehensive cover will along with third party claims also payout on accidental injury to the car, theft and hijacking of your car, accidental death or injuries to third parties, harm to third party property by the insured vehicle and the thievery of radios and tires off the car. Some insurance firms will also deliver some services with comprehensive insurance coverage like towing of your motor vehicle after being in an accident, medical assistance and road assistance. Comprehensive car insurance coverage is pretty substantial, but at the same time not unlimited in extent. It is therefore encouraged that before signing any record you very carefully study the document to satisfy yourself on precisely what is covered by the policy, but most importantly what is not covered by the policy as specified in the policy. Some people think the word "comprehensive" to mean everything and anything, but that regrettably is not true and could result in your claim being repudiated by the insurance carrier.
Comprehensive car insurance may for example exclude hail damage as an automated cover of the policy, or windshield replacement might not be part of the policy, without additional premium. So, specific risks are excluded from the standard insurance plan and you must not make assumptions in this regard but ascertain which risks are ruled out. In the event you drive a bakkie with a canopy, the canopy may not be covered by insurance as a standard item or a audio system that was installed as a post purchase option unless exclusively included by you in the policy. Clearly the insurance company will not fork out in the event of an unlicensed person driving your vehicle or indeed if your licence has been endorsed. If your motor vehicle have been non roadworthy at the time of any accident, you will be surprised by the horrible event of the repudiation of any claim in its entirety, which means not only damages to the vehicles but also to property etc.
In case you forget to declare the fact that your motor vehicle is mainly used for the purposes of conducting business and you are in an automobile accident during such journey the claim will be repudiated. Should you visit any of our neighbouring countries in your car or truck make sure that you are covered by the comprehensive car insurance should you be involved in any incident resulting in any claim. Such cover is usually readily available on a non permanent basis at a small premium.
As you will have noticed the word "comprehensive" in a policy does not imply that you've all embracing cover regardless of conditions. Make sure that you are covered for such circumstances that you may require.
For more information on commercial vehicle insurance, go to http://www.payasyoudrive.co.za.
by: Pedro Banbury
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