What is Private Motor Insurance?
Private motor insurance is designed to provide financial protection for vehicle owners and drivers. It covers various risks associated with owning and operating a private vehicle.
What Does Private Motor Insurance Cover?
- Liability Coverage: Covers damages and injuries you cause to others in an accident, including both bodily injury and property damage liability.
- Collision Coverage: Pays for repairs to your vehicle if it is damaged in a collision, regardless of who is at fault.
- Comprehensive Coverage: Protects against damages to your vehicle not involving a collision, such as theft, vandalism, fire, or natural disasters.
- Uninsured/Underinsured Motorist Coverage: Provides protection if you’re involved in an accident with a driver who doesn’t have sufficient insurance or no insurance at all.
Who needs private motor insurance?
Vehicle Owners: Anyone who owns a car, motorcycle, or other private vehicle needs insurance to protect against financial risks associated with accidents, theft, and damage.
Claim Process
A driver is involved in a collision at an intersection, resulting in the following:
- Vehicle Damage: The insurance policy covers the cost of repairing significant damage to the front bumper, replacing or repairing components affected by airbag deployment, and making the vehicle drivable again.
- Property Damage: The policy also covers the costs associated with repairing damage to the other vehicle involved in the collision if the driver is found to be at fault. Additionally, liability coverage extends to damages caused to other property, such as a power pole or roadside infrastructure.
In this scenario, private motor vehicle insurance provides comprehensive financial protection by covering the costs for repairing the driver’s car, addressing liability for damages to other vehicles, and handling any damage to external property caused by the accident.