What are the four different levels of cover for private motor isnurance?
RTA only
Third Party only
Third Party, fire and theft
Comprehensive
What is RTA cover?
Lowest level of cover
-Unlimited amount for injury or death by third party
-£1.2m for loss of or damage to property
-Claimants’ costs and expenses
-Hospital, emergency medical treatment
What is third party only cover?
Same as RTA plus
-20 mill limit for property instead of 1.2
-Indemnity to insured’s employer
-Indemnity for liability of passengers
-Legal costs in defending a claim
What is third party, fire and theft cover?
Same as third party cover plus
-Cost of repair/compensation if vechile is stolen or destroyed
What is comprehensive cover?
Includes accidental or malicious damage
What are optional extensions that are typically available with comprehensive cover?
-Provision of courtesy car
-Caravans and trailers
-Breakdown cover
-Legal Expenses
What are the specific exclusions on a comprehensive policy?
-Wear and tear
-Depreciation
-Loss of use
-Mechanical and electrical failure
-Tyre damage
What are general and market exclusions for private motor?
-Contractual liability
-War risks
-Use other than as specified
-Riot and civil commotion
-Sonic bangs
What is the difference in theft with a motor cycle and car policy?
Motor cycle theft does not cover theft of accessories such as parts and so on
What are the other differences are there in a motor cycle policy?
-Some policies do not cover indemnity to employers
-There is usually no PA, medical expenses or personal effects cover
-If PA is available it tends to be restricted
-Only extensions to cover are typically cover for trailers and riding other cycles
What defines commercial motor insurance?
Concerns goods-carrying vechiles, passenger-carrying vehicles, agriculture and special types
What other insurance should a delivery lorry get alongside commercial motor?
Goods in transit
What are restrictions on commercial motor?
-Driving other cars
-PA
-Personal effects
What is the maximum indemnity for third party property damage under a commercial motor policy be?
£1.2m -£5m
What are other areas of cover under a commercial vehicle policy?
-Loading/Unloading
-Indemnity to driver
-Indemnity to user
-Indemnity to passengers
-Legal costs
What are standard additional areas of cover for commercial policies?
-Loss of use
-Increased third party property damage limit
-Indemnity to hirers
-Sheets/ropes
What is the minimum number of vechiles required for vehicles to be a fleet?
10
What is standard fleet cover?
-Contigent third party insurance
-Joint insured clause
-Occasional business use
What are the three main types of cover in health insurance?
-Personal Accident
-Sickness
-Medical expenses
Which are benefit policies out of the three main health insurance types?
-Personal Accident
-Sickness
What is covered under PA?
-Death
-Loss of limbs, eyesights, hearing
-Permanent Total disablement (PTD)
-Permanent Partial disablement(PPD)
-Temporary total D (TTD)
-Temporary Partial D (TPD)
What are standard exclusions in PA and sickness policies?
-Self-inflicted injury or disease
-Pre-exisitng illness or infirmity
-Being under the influence
What is excluded from a PA policy?
Racing (execpt on foot)
What are the three main elements in medical expenses policies?
-Hospital Charges
-Specialist fees
-Additional costs
