What does my car insurance cover?

Car insurance, or motor vehicle insurance, covers you against accidental damage to, or loss of, your motor vehicle. The maximum amount you’ll be paid if your car is damaged beyond repair or stolen and never recovered is the market value of the vehicle (i.e, what it was worth immediately before the incident or accident).

Car insurance can also cover you against damage you might cause to someone else’s vehicle or property.

There are 3 general categories of motor vehicle insurance:

Comprehensive.

This insurance offers the greatest level of cover for accidental loss of, or damage to, your vehicle and for any damage you cause to someone else’s property or vehicle (no matter whose fault it is). Cover may also include other costs associated with an accident such as salvage and towing fees.

Third party, fire and theft.

As the name suggests, you’re only covered for damage you cause to someone else’s vehicle or property, for damage to your own vehicle caused by fire, and for theft of your own vehicle.

Third party.

You’re only covered for damage you cause to someone else’s vehicle or property. You are not covered for damage to or loss of your own vehicle. Third party property damage cover tends to be the least expensive form of motor vehicle insurance.

For more information please contact us.

A disclosure statement is available from your AMP Adviser, on request and free of charge.

What does boat insurance cover?

Boat insurance is available for trailered craft and jetskis as part of your personal protection plan.

AMP has a relationship with a specialist marine provider for moored craft or larger vessels.

For more information please contact us.

A disclosure statement is available from your AMP Adviser, on request and free of charge.