When you review your motor insurance arrangements you may want to look at the points listed below. The list is by no means exhaustive.
- Types of cover available in the market.
- Add-ons available in the market.
- The value of the benefits payable on the happening of the events.
- Excess of loss amounts or percentages.
- Exclusions.
- Other terms and conditions.
- The amount of premium payable.
- Existence of no-claims bonus or other profit sharing arrangements.
NB:
When requesting quotations from different insurers, please ensure that you submit the same personal data for the same class of insurance, add ons, amounts of cover and any other relevant details.
These principles may also be applied on your other insurances such as household, business, etc.
These include:-
- Partial damage, total damage or full loss of your motor vehicle on theft.
- Partial damage or total damage of the property of Third Parties involved in the accident. Third Parties must be compensated under law as a minimum.
- Loss or damage to personal contents in the motor vehicle.
- Injuries to yourself and/or your passengers, which may require treatment and/or hospitalization. Funeral expenses may also be covered.
- Injuries or death of Third Parties involved in the accident. Third Parties must be compensated under law as a minimum.
- Towing or breakdown or recovery of motor vehicle following the accident or some other mechanical breakdown.
- Roadside assistance in situations where it is difficult to get such assistance.
- Replacement car rental when your motor vehicle is undergoing repairs following an accident.
- When your motor vehicle is driven by others.
- The events that you insure against, eg. accidents, theft, fire, etc.., are not predictable and may happen at any time.
- The value of the loss or claim, on the happening of the insured event, cannot be known in advance.