Tag Archives: Motor Insurance

What Does Comprehensive Motor Insurance Include?

Learn more about comprehensive motor insurance. Learn how to protect your vehicle from loss and safeguard your investment.  

Comprehensive motor insurance is one of the most important investments you can make in your vehicle. Does it include everything you need? Finding affordable comprehensive car insurance is not hard to do. However, it is important to look through your policy thoroughly to determine which plan is right for you as well as what additional types and levels of coverage may also be valuable.

Sport car
Comprehensive Insurance Cover offers the highest amount of protection

Purchase Top Quality Motor Insurance

Your vehicle is a large investment. Every day, this asset is at risk for something to happen to it. You may think the real risk is on the road, where other drivers are your biggest threat, but that is not always the case. Your vehicle insurance needs to protect against as many as is possible.

Most comprehensive motor insurance policies provide coverage like:

  • Accidental damage
  • Collision or crash (protects against the damage to your vehicle and property, not only to other drivers)
  • Fire (damage to your vehicle)
  • Flooding (damage to your vehicle only)
  • Earthquakes
  • Storms
  • Theft or attempted theft that damages your vehicle
  • Explosion

Automatic coverage for modifications, options and accessories may also be available with your plan.

Third party liability insurance is often a part of comprehensive insurance plans. This type of cover protects you financially if you are found to be at fault for the loss of another person’s physical being or property. It does not protect your property, but rather keeps other drivers safe while you are on the road. The standard limit in Botswana on third party liability is P2,500,000. Additional cover amounts may be available.

What Else Does It Offer?

In addition to providing basic coverage, many comprehensive plans offer additional options that address specific needs. For example, you can add coverage such as a hired car if your vehicle is damaged and needs repair. Other options include excess-fire windscreen, glass cover, and sunroof cover. Some provide towing, tools of the trade, and additional liability coverage above the basic plan limit. Third party liability is ideal. Without this type of cover, if you were in an accident and were found to be at fault for that accident, you would have to pay for the losses of another party including medical bills and property damage.

Most car owners don’t want to think about anything bad happening to their vehicle. But if your car was lost due to damage from a weather event, could you get to and from work? Could you continue to make payments on the car if you owe on it still?

Making sure your car has comprehensive auto insurance coverage delivers peace of mind. You’ll know that if something where to happen, your insurance company will help you to cover the costs and get your vehicle back on the road again.

Do you have the best motor insurance? Request a quote for car insurance today and learn more about just how affordable this type of insurance can be.

What Does the Term Excess Mean in an Insurance Policy?

Learn what excess is on a car insurance policy, the types available, and what it means for lowering your premium.

Whether shopping for car insurance or examining your existing policy, a key term you’ll find in it is excess. An excess is a type of contribution that you, as a driver, are required to pay towards a claim on your policy. Insurance companies may have various types of excesses. What applies in your case depends on the unique situation. When selecting a car insurance plan, it’s important to select an excess properly. It can, in fact, help lower your premium costs when you select wisely.

Insurance Signpost Meaning Claim Excess Contract And Policy
Insurance Signpost Meaning Claim Excess Contract And Policy

What to Look for in Car Insurance Policies

Most car insurance companies allow you to select the level of excess for your needs. This allows you to reduce the premium you pay (the higher you select, the less you’ll pay in excess). For most people, this is the best way to reduce your insurance rate. However, there are a few concerns to keep in mind. First, you should never select an excess that is too high for you to pay immediately. When you need to make a claim on your policy, you will need to pay more first. Many people are at risk of increasing their excess too high to achieve a higher level of savings, and then struggling with the payment at the time of a claim.

An excess helps to shift some of the risk of loss from the insurance company to you. An excess requires you to pay out of pocket before your insurance company does. As a direct result, insurance companies can reduce your rates.

What Types of Excess Are There?

The type of excess you are liable to pay are specifically listed on your policy. Consider these types of excess:

  • Basic Excess: This applies to all claims. No matter the type of claim, you will pay the standard excess.
  • Age Excess: This generally applies in situations where the driver is under 25 at the time of making the claim. It may apply in other situations as well.
  • Age and Unlisted Driver Excess: When the driver involved in the incident is not listed on the policy directly, but is under the age of 25, this excess applies if it is included on the policy.
  • Age and Inexperienced Driver Excess: If the individual is over 25, but he or she does not have at least two years of driving experience, this type of excess applies if it is listed on your policy.
  • Additional Excess: In some cases, the insurance company may require a special or additional excess. This may be due to the vehicle or other circumstances related to previous claims.

In many situations, you do not have to pay the listed excess. This does not apply in situations where you are not liable in the accident. In that case, the driver at fault pays the losses. Carefully consider how much you can pay when selecting an excess limit. When choosing insurance, this directly impacts your costs.