Your Commercial Vehicle Policy Features and Benefits CMV FAB V1.0. FBD Insurance plc is regulated by the Central Bank of Ireland

Transcription

1 Your Commercial Vehicle Policy Features and Benefits CMV FAB V1.0 FBD Insurance plc is regulated by the Central Bank of Ireland

2 FBD has over 40 years insurance experience and today we are one of Ireland s largest insurance companies. We have local offices throughout the country as well as telephone and online service and support, so our quality customer service is never far away. We pride ourselves on understanding your needs so call us, drop in or go online for a quotation today. Useful Contact Details FBD Insurance plc Customer Service LoCall: Website: info@fbd.ie Claims Telephone No. LoCall: Please ensure that you notify us of any accident or damage as soon as possible and prior to effecting any repairs. Small Commercial Vehicle Breakdown Assistance* Freephone: Northern Ireland: * This service is provided as an added benefit on small standard commercial vehicles which are insured on a Comprehensive or Third Party Fire and Theft basis. ** Standard commercial vehicles which have a carrying capacity of 2 ton and can be driven with a car licence. Financial Services Ombudsman s Bureau LoCall: Phone: Fax: Web: enquiries@financialombudsman.ie If your business is through a broker please call your broker directly. ii

3 Purpose of Document Statement This document is a summary of the cover available under our Commercial Vehicle Policy. The document outlines the main features, benefits and restrictions that will apply to your policy should you choose to place your insurance with FBD. It is not meant to replace the full policy terms and conditions found under our Commercial Vehicle Policy. These terms and conditions are included in our Commercial Vehicle Policy Document and should be read in conjunction with your Certificate of Insurance and Policy Schedule issued following completion of the purchase process. Please also review our Terms of Business as it contains important information on how we will provide insurance to you. The extent to which the features, benefits and restrictions apply to you depends on the level of cover you purchase. The primary cover options are summarised in this document. Throughout this document, we, us or our refers to FBD Insurance plc, while you or your refers to you the policyholder. Summary of Primary Covers Third Party Cover This is the minimum level of cover required on all commercial vehicles used on public roads. Third Party Cover will provide you with legal protection should a claim be brought against you for injury or property damage to others arising from the use of your vehicle. Third Party, Fire and Theft Cover In addition to Third Party Cover (outlined above), Third Party Fire and Theft will provide cover for loss or damage to your vehicle arising from fire, theft or damage caused during an attempted theft. Comprehensive Comprehensive Cover is the most extensive cover available for commercial vehicle owners. In addition to the protection provided under Third Party Cover and Third Party, Fire and Theft Cover, Comprehensive includes cover for accidental damage to your vehicle. In addition, Comprehensive Cover includes a number of additional cover features as standard including Breakdown Assistance (for small commercials) and Windscreen cover. s If they are not already included as part of our standard package, you can choose to include the following optional extras on your policy: Detached Trailer Cover Specified Trailer Cover Windscreen and windows (optional with Fire and Theft; standard under Comprehensive) Specific limits and restrictions apply to the Primary Covers outlined above. These limits and restrictions are summarised in the Policy Features, Benefits and Restrictions table contained in this document. 1

4 Summary of Policy Features, Benefits and Restrictions Feature Cover Third Party Personal Injury Third Party Property Damage Third Party Trailer Cover Transport Costs Fire and Theft Fire Brigade Covers your legal liability for death or injury to third parties arising from the use of your vehicle Covers your legal liability for damage to third party property arising from the use of your vehicle Cover to tow a trailer attached to your vehicle (Third Party Only Cover) Covers the cost of removal of your vehicle to the nearest repairer following loss or damage and the cost of delivery of your vehicle once the loss/damage is repaired Damage to your vehicle as a result of fire, self ignition, lightning or explosion or by theft or attempted theft Cover for fire brigade charges levied following a claim involving your vehicle Accidental Damage Covers loss or damage to your vehicle and its accessories and spare parts whilst on the vehicle Windscreen Cover for accidental damage to windscreens and windows on your vehicle Breakdown Assistance Roadside assistance including provisions to tow your vehicle to the nearest competent repairer Detached Trailer Cover Specified Trailer Cover Third Party cover on specified detached trailers Fire & Theft or Comprehensive Cover on specified trailers 2

5 Restrictions/Provisions Comprehensive Third Party, Fire and Theft Third Party Insurance The limit of liability for injury under this item is unlimited in amount The limit of liability applicable under this item is 1.3m Damage to the trailer or to goods carried on/in the trailer is not covered We will only pay the reasonable costs of removal and delivery Once repaired we will only deliver your vehicle to your address in Ireland Excluding deliberate acts by you The limit in respect of this item is 2,000 Excluding depreciation, wear, tear, mechanical or electrical breakdown or failures, damage to tyres by the application of brakes or punctures Monetary limits apply where an FBD approved windscreen supplier is not used The following number must be used to avail of this service The cost of parts used in the repair is excluded. Please refer to the Policy Document for full list of exceptions and conditions applicable Cover only applies in respect of small standard commercials up to and including 2 ton carrying capacity Excludes recovery or alternative transport of trailers and commercial loads Damage to the trailer or goods carried on/in the trailer is not covered Cover on the trailer cannot be greater than the vehicle itself 3

6 Driving Under Your Policy Various driving choices are available under our Commercial Vehicle Policy. These include: Driving confined to you only You plus one named driver Open Drive - This allows any driver between the ages of 25 and 71 years with a full clean driving licence drive your vehicle with your consent Additional named drivers such as those with provisional licences or outside the normal 25 to 71 age category can generally be included on your policy at an additional premium and subject to agreement by FBD. For certain types such as articulated or HGVs, driving may be confined to Named Drivers Only. Your Certificate of Insurance will set out the drivers covered to drive under your policy. Please read this document carefully as FBD will not be liable for any injury, loss or damage while your vehicle is being driven by a person not covered by your Certificate of Insurance. Limitations as to Use The Commercial Vehicle Policy can be extended to include use in respect of business, farm or other work activities - in addition to the social, domestic and pleasure use provided as standard. Use for motor trade purposes or use for hire or reward is excluded. Always check your Certificate of Insurance to see what level of use is covered under your policy. Important Notes on our Commercial Vehicle Policy General Policy Exclusions Some general exclusions apply to your policy. These exclusions exclude all liability, loss or damage arising from Radioactivity, War, Terrorism and Date Related Electrical or Electronic Breakdowns. Policy Excess The excess amount on your policy is the amount of money which you must pay should you have a valid claim. Your policy will only provide cover above this amount. Our standard accidental damage excess is 250 for each and every claim. Higher excesses will apply for drivers with provisional licences or those outside the standard 25 to 71 age category (where they are included on the policy). No excess applies for fire, theft or windscreen claims. 4

7 No Claims Discount All claims (except for fire, theft and windscreen claims) will result in the deletion of your No Claims Discount. Exceptions will apply in respect of certain types where no No Claims Discount applies. Basis of Claims Settlement FBD may choose to make a payment, repair (through a nominated repairer), replace or reinstate losses where a claim is payable. The maximum amount payable in all circumstances will be the amount specified in the Policy Schedule. In the event of your vehicle being damaged beyond repair, the maximum amount payable by FBD in respect of loss or damage to your vehicle is the market value of the vehicle immediately prior to such loss or damage less any residual salvage value. Territorial Limits Your standard policy cover applies in the Republic of Ireland and Northern Ireland. The Policy also extends to give the minimum RTA cover required throughout the EU and EEA Designated Countries. In order for full cover to operate outside the Republic of Ireland and Northern Ireland, you must advise us to extend the policy cover accordingly. Policy Conditions A number of conditions apply to your policy. These are detailed in full in the Policy Document and include the requirement to take all reasonable steps to safeguard you, your vehicle and all other people from loss or damage and the condition to notify us promptly of any claims or incidents that may give rise to claims. All covers are subject to the terms, conditions, exceptions and excesses set out in detail in your Policy Documentation. Always check your Policy Documentation (Certificate of Insurance, Policy Schedule, Policy Document, Quotation Letter or Proposal Form) to see what cover applies to your policy or quotation. 5

8 FBD Insurance plc FBD House, Bluebell Dublin 12, Ireland T: E: Our Policy 6is You