Also called Commercial motor insurance it is similar to Car /personal vehicle insurance. Commercial motor cover may extend to commercial vehicles, business fleets and mobile plant (registered to ply on road).
Our CLAIMYEXCESS reimburses your Truck/ Mobile Plant Insurance Excess if a claim happens due to an accident and later followed by the successful settlement of a claim.
Once YOUR related lead/main insurance company settles the claim after deducting an Excess (which normally can be $1000 or more), at the absolute discretion of APPSOFT LTD and its terms and conditions, CLAIMYEXCESS cover pays You the deducted Excess for that risk - up to the arrived amount derived from YOUR risk selection ( stated in the Confirmation of Cover ‘CoC’ issued by Us).
In General, Motor vehicle insurance for such vehicles can cover you against accidental loss of or damage to your motor vehicle (registered as Motor vehicle to ply on NZ road), up to its
Market Value (what your vehicle is worth just before the damage occurs)
Truck/Mobile plant insurance can also cover you against any damage you might cause to someone else's vehicle or property.
Uninsured Motorist Extension
New Zealand motor insurers generally include an uninsured motorist extension, or innocent party protection, in their policies. Under the terms of this extension, the insurer will waive the policyholder's excess and maintain their no claims discount if the vehicle is damaged by an uninsured driver — provided the uninsured driver can be identified and they acknowledge their involvement in the accident.