Commercial Motor Insurance

Our Commercial Motor Insurance policy was created with the Transport Operator in mind. We haven’t included the full list of “Bells and Whistles” that you may find in some other wordings as these tend to increase the cost of the product and often hide the true worth of the policy. Instead, we believe that our wording provides a comprehensive yet uncomplicated insurance cover. The standard wording can be easily modified by endorsement to take into account a variety of different transport applications, operating radii and excess levels.

Why would you have your premiums calculated purely on the claims performance and operational standards of other transport operators when your business may be completely different?

The premiums charged by Austruck are generated through an underwriting system designed by us. This system allows our staff more flexibility to assess and quote operators on a truly individual basis, rather than relying on the limitations of other computer generated prices.

Set out below are some of the relevant points of our Standard Wording. This is not by any means an exhaustive list and you should always read the PDS and Policy Wording in full:

SECTION ONE (Own Damage)
Limited to Market Value or Sum Insured whichever is the lesser at the time of the loss. Agreed Value policies are available, but only upon application and the supply of suitable valuations. Replacement clause within 2 years of original registration (up to the Sum Insured) for trucks and trailers with a carrying capacity exceeding 10 tonnes.

SECTION TWO (Third Party Damage)
Limited to $30million for Non Hazardous claims but includes $1million coverage for incidental Hazardous Goods loads (as defined under Hazardous Goods Act). Refer to Policy Wording for full terms and conditions.

ADDITIONAL BENEFITS
Below are some of the Additional Benefit clauses:

• Additions and Deletions Clause ($300,000)
• Emergency Repairs ($2,500)
• Employees Personal Effects ($1,500)
• Loading & Unloading Liability
• Locks & Keys cover ($2,000)
• Removal of Load Debris ($20,000)
• Total Loss Encumbered Vehicles clause (20%)
• Towing Costs ($10,000)

A printable copy of our PDS and Policy Wording is available on the forms page of this website, or to view.