Types of cover

Heavy Vehicle Transport Insurance

The Heavy Motor Transport sector of insurance is very competitive when it comes to price. But price is not everything. CPR Insurance suggest you consider a cover that will more suit your business. You need rapid responses and fast turnaround of paperwork. Insurers with the latest technology and systems, and a claims department when it is needed that will provide you with the best possible service.

So don’t just choose on price, though we will always seek to get you the best cover at the best price.

Claims Service – why else do you bother to insure? 

You want a claims service to be available Australia Wide through broad national networks of approved, Independent Loss Assessors, using your own choice of repairer . 
On staff assessors who get their salary from the insurers may possibly have the aim of cost cutting rather than making sure you get the best quality repair work. 
Choose an insurer who doesn’t insist that repairers obtain parts for the repair of your vehicle from a particular source. Repairers should be free to conduct the repair of an insured vehicle in the best & fastest manner possible, in consultation with the Independent Loss Assessors.
Try to get an Insurer who doesn’t try to encourage you to use particular repairers with whom they may have come to certain prior agreements, by labelling them as Recommended Repairers. You should have complete freedom to choose the repairer you want. 

Other benefits to consider in a comprehensive cover policy are:

 Seek a Non Placarded Dangerous Goods liability Cover including Asbestos 
 Available is $30 Million Liability Cover, including Supplementary Bodily Injury. 
 Replacement New Vehicle up to 3 Years Old – for all cars, trucks & trailers (if available in Australia), including On Road costs. 
 Finance Payout to at least 25% above Market Value (subject to Sum Insured). 
 Non-Owned trailer Material Damage cover (excluding Tanker and Temperature Controlled trailers which are separately insured). 
 Clean up costs of the load. 
 All Sign – Writing, Artwork, Fixed Accessories and Tarpaulins, Gates, Chains and Binders on your vehicle at the time of an accident, automatically covered up to the Sum Insured. 
 Automatic Inclusion of new vehicles up to $1 million Sum Insured – may need to be notified to insurers within 30 days of purchase. 
 Automatic Inclusion of all Financiers of all insured vehicles. 
 Automatic Inclusion of vehicles in any new company the insured acquires. 
 Rekeying / Recoding costs - if vehicle stolen or keys lost 
 Driver Repatriation costs 
 Cross Liability Clause 
 Vehicle Hire costs after theft for 30 days 
 Vehicle Retrieval costs after repair or theft 
 Vehicle retrieval costs if immobilized but undamaged. 
 Legal Costs - No sublimit, Reasonable Costs can be covered. 
 No sub-limit on Towing & Fire Brigade costs - Reasonable Costs. 
 Medical Expenses 
 Expediting Expenses
 Personal Property 
 Substitute Vehicle covered while yours is repaired. 
 Authorise own repairs to at least $5,000. 
 Shows & Exhibitions - Your vehicle is covered if you put it on static display. 
 Average set as low as possible
 Towed Vehicles & Trailers - covered for liability while being towed. 
 make your cover Agreed Value for any Truck, Prime Mover, Trailer or Plant & Equipment. 

 

Further Information

Insurer liaises with Brokers on horrific transport risks

Latest News

Above-average cyclone season looms

As reported by insurancenews.com.au

Insurers should brace for an above-average cyclone season due to weakening La Nina conditions in the Pacific Ocean and warmer than average sea temperatures to the north and east, according to the Bureau of Meteorology.

The cyclone season begins next month and ends in April.

The bureau says Australia has a 67% chance of an above-average season, while the west has a 59% chance, the northwest 63%, the north 56% and the east 58%.

In neutral years the first tropical cyclone to make landfall typically occurs in late December, while in La Nina years it usually hits in the first week of December, the bureau says.

Insurance Council of Australia spokesman Campbell Fuller says even an average cyclone season – consisting of 11 events, four of which make landfall – can be devastating.

“An above-average year could bring many more than that, and each one has the potential to cause catastrophic damage if it crosses the coast in a heavily populated area,” he said.

“Only one cyclone made landfall last season, and that was in a sparsely populated part of WA’s Pilbara. There’s no guarantee Australia will be so fortunate this summer.”

Tropical Cyclone Marcia cost insurers $544 million from more than 37,000 claims when it struck Rockhampton in February last year. In 2011 Cyclone Yasi cost insurers $1.4 billion.

read more

Beware the escape clause in Motor policies

Cheap motor insurance can have some tough exclusions The Policy Comparison team at LMI have highlighted some new exclusions have been introduced by some of the “Cheapy” direct insurers. Previously Motor Insurance wordings did not have an exclusion for “reckless acts” but this has now changed.  Reckless driving is often defined as a mental state in which the driver displays a wanton disregard for the rules of the road; the driver misjudges common driving procedures, often causing accidents and other damages. The legal dictionary defines reckless driving as operation of an automobile in a dangerous manner under the circumstances, including speeding (or going too fast forthe conditions, even though within the posted speed limit), driving after drinking (but not drunk), having too many passengers inthe car, cutting in and out of traffic, failing to yield to other vehicles, and other negligent acts.

read more