Commercial Vehicles – Comprehensive

Commercial Vehicles – Comprehensive

Comprehensive cover for the vehicles you use for your business, like harvesters, tractors, balers, trucks and more. 

Third Party Only, Third Party Fire and Theft, Fire and Theft, or Fire Only cover is also available under this policy, click here for more.

What we cover

These are some of the covers and benefits automatically included in the FMG Commercial Motor Vehicles policy. 

Covers your vehicle for accidental loss if it’s damaged or destroyed by a sudden, unintended and unforeseen event, or is stolen. Your vehicle’s accessories or spare parts are also insured while they’re temporarily removed for repair, cleaning or storage.

Up to $10,000,000 of cover for your legal liability and reasonable defence costs if you accidentally damage someone else’s property, or injure someone while using your vehicle.  This cover also applies while you’re using someone else’s vehicle, or if you let someone else use your vehicle.

If you buy an additional vehicle or replace your existing one, it’s covered for present day value up to $100,000, as long as you let us know the details within 30 days of the purchase, complete any proposal we require, and pay any extra premium if we require it.  

You’re covered for any sudden or unexpected damage to the tyres of any agricultural vehicles you’ve specified on your certificate. This cover excludes any road registered vehicles. 

Cover for loss caused by a foreign object, like a stone or wire, entering any specified agricultural vehicles.  

We’ll replace or repair broken windscreens, windows, headlamps or sun roofs and you won’t have to pay an excess. 

If you choose to have your vehicles covered under this policy as a fleet, you will only need to update the relevant details at renewal, rather than as the fleet changes during the period of insurance. 

Up to $5,000 of cover for sudden breakdown or failure of hydraulic rams, hoists or other similar equipment permanently attached to your specified vehicle.

If you have a total loss claim for your vehicle within a year of purchasing, or first registering it as new, we’ll replace it with a new one of the same make and model if it’s currently available. Cover applies to vehicles with a gross laden weight of 3.5 tonnes or less. 

If your vehicle’s keys are damaged, lost, or stolen, we’ll pay the reasonable cost to replace them and you won’t need to pay an excess. This also covers any electronic devices you use to access your vehicle.

Up to $5,000 of cover for the reasonable cost of refilling your fire fighting equipment after it’s used to protect your vehicle from loss covered by this policy.

Optional extras

These are some of the Optional Benefits you can purchase for even more comprehensive insurance.

Covers the reasonable cost of hiring a similar size and type of vehicle, or hiring a contractor to carry out a business commitment following a covered accidental loss under this policy. We’ll pay up to $20,000 or any higher amount of cover you choose.  

Cover for damage caused by an earthquake, volcanic eruption, tsunami, hydrothermal activity or landslip.

What we pay

We’ll pay the cost to repair your vehicle to the same condition as before the loss, the present day value, or the amount shown on your certificate, whichever is less.

Present day value is the value just before the loss and takes into account the age and condition of the vehicle. Think of it is as similar to the second hand value.

Download policy

Please note this is only a summary of the product and is subject to our specific product documentation. For full details please download the policy wordings using the links below, or you can get a free copy by calling us on 0800 366 466.


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