Motor Fleet Insurance
What is motor fleet insurance?
Motor fleet insurance is a cover purchased for cars, trucks, and other road vehicles which provides protection against physical damage resulting from traffic collisions and against liability that could also arise there-from. Policy is designed for medium to large enterprises looking to insure 10 vehicles or more.
The policy provides coverage against loss or damage caused to the automobile or its parts due to natural calamities and man-made causes, along with accident cover for individual owners of the vehicle while driving and for third party legal liability.
What you should consider?
If you have a fleet of company cars or manage trucks transporting goods around the country, you need to protect your business against any losses. FG insurance can help you cover a full fleet or just arrange third party coverage for you.
Third party property damage (TPPD) insurance can cover the costs you may be liable to pay if you are at fault and damage or write off someone else's car.
Did you know?
motor vehicles were stolen or broken in New Zealand.
(NZ Police, Crime in New Zealand at a Glance, 2019)
The number of vehicle crashes recorded in New Zealand in 2016.
(Te Manatu Waka, Motor Vehicle Crashes in New Zealand 2016, 2017)
Claims were paid from Jan-2019 till Sep-2020 for private and commercial vehicles.
(Insurance Council of New Zealand, Market Data, 2020)
What are the types of covers available?
Comprehensive
This covers the accidental loss or any damage to the insured vehicles as well as the cost of towing, transport & storage of vehicle after accident.
Third party fire and theft
This covers the loss or damage to the insured vehicle caused by fire and theft and also covers damage to third-party property.
Third-Party Only
This covers the cost of damage to third-party property which may be caused by the insured party.
What can it cover?
Although the exact level of cover available differs between insurers, Motor fleet insurance will generally cover the following events:
| Type of Cover | Potential benefits |
|---|---|
| Repair or replacement of vehicle in case of damage or theft. | Cover to help repair or replace a vehicle in case of damage or theft. |
| Legal liability cover | Cover for legal liability, including cover for legal costs, generally capped at $20 million or $30 million if the insured's vehicle causes damage to someone else's vehicle or property due to the fault of the policy holder. |
| Towing costs | Cover for towing costs. |
| Trailer cover | Trailer cover. |
| Emergency repairs | Cover for emergency repairs to vehicle covered up to a specified limit including choice of repairer. |
| Modifications, options, or accessories | Cover for damage to modifications, options, or accessories to your car due to accidental damage, fire, flood, storm, theft, attempted theft, vandalism, or a malicious act. |
| Windscreen repair or replacement | The option to include excess free windscreen repair or replacement. |
| Hire car cover | The option to include hire car cover following an accident or if stolen. |
What is usually not covered?
CASE STUDY
After delivering goods on Quarantine Road in traffic line, John looked away at the wrong moment. He looked back and the vehicle ahead had stopped. Applied the brakes but the front wheels locked and hit the vehicle in front of the John’s truck.
He was involved in a minor accident with another car, which was his fault. While his car had a minor scratch, and third party car had some serious damage.
After pulling over, John contacted his insurance broker who took some details and arranged for his car to be towed and assessed. An assessor contacted her the next day, letting him know that his truck could be fixed and that his insurance would cover the cost. They arranged to have it repaired at his smash repairer of choice. Because his policy also contained a rental vehicle inclusion, they helped John arrange a hire vehicle so that he could get to work while his truck was off the road – with the cost also covered by his policy.
Why choose FG Insurance?
- Peace of Mind at Affordable Rates
- Flexible Plans
- 24/7 Roadside Assistance
- Fast and Simple Claim Service - online or by phone
- Modern Policy Wordings
- Competitive Pricing