Commercial Vehicles – Third Party, Fire and Theft

Commercial Vehicles – Third Party, Fire and Theft

Covers vehicles you use for your business, like cars, vans, trucks or utes.

The FMG Commercial Motor Vehicles policy gives you the choice of the following options:

  • Third Party Only
  • Third Party Fire and Theft
  • Fire and Theft, or
  • Fire Only.
  • Comprehensive accidental loss cover for your commercial motor vehicle is also available under this policy.

The benefits and covers below are automatically included with each option. 

What we cover – third party only

If you choose third party fire and theft you’ll get the following cover as well as the benefits listed under third party only.

Up to $10,000,000 of cover for your legal liability and reasonable defence costs for accidental loss or injury from an accident involving your vehicle.  This cover also applies while you’re using someone else’s vehicle, or if you let someone else use your vehicle. 

We’ll cover you under the No Blame Benefit if you’re involved in an accident with an uninsured driver, they’re at fault, and you can provide their details. We’ll pay the reasonable cost to repair your vehicle, or its present day value, up to $3,000. 

Covers your liability and defence costs, up to $1,000,000, for costs awarded against you under the Forest and Rural Fires Act 1977.

Cover for your liability for accidental loss or injury while you’re using your trailer or someone else’s, for your business. 

Cover for your liability for any costs you are required to pay as a result of deliberate damage to prevent a loss to a ship and/or cargo while your vehicle is being carried by ship between New Zealand ports.

What we cover – third party fire and theft

If you choose third party fire and theft you’ll get the following cover as well as the benefits listed under third party only.

Covers your vehicle, and vehicle accessories temporarily removed for repair, cleaning or storage, for accidental loss caused by fire, lightning, explosion, theft or illegal conversion.

We’ll cover up to $2,000 for the present day value of your employees’ accessories if we’ve accepted a claim for your vehicle and these accessories were damaged as part of that loss. Vehicle accessories include things like chains, stereos and radar detectors. 

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.

We’ll pay reasonable costs you’ve incurred trying to recover your stolen vehicle, provided you get our consent first.  

Covers the reasonable cost of moving your vehicle to the nearest safe place if it’s not driveable, or securing it, after a loss or otherwise taking care of your vehicle.

If you offer a reward to protect or recover your vehicle following a loss with our consent, we’ll pay up to $5,000.

We’ll pay up to $5,000 for the reasonable costs of clearing debris, or moving or salvaging property that was carried as a load from any roads or parking lots after a loss.

Up to $5000 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. 

What we cover – fire and theft

Cover for accidental loss to your vehicle caused by fire, lightning, explosion, theft or illegal conversion.

Up to $5000 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. 

What we cover – fire only

Cover for your vehicle, and vehicle accessories temporarily removed for repair, cleaning or storage, for accidental loss caused by fire, lightning, or explosion. 

Up to $5000 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

You can purchase these Optional Benefits for even more comprehensive insurance. Please note these are not available if you choose Third Party Only cover. 

Covers the reasonable cost of hiring a similar size and type of vehicle, or hiring a contractor to carry out a business commitment, following an accidental loss covered by this policy. We’ll pay up to $20,000, or any higher amount of cover you choose; this benefit is only available on specified vehicles. 

Tops up your cover to include cover for accidental loss caused by specific events such as burglary, storms, floods, vandalism or if another car or animal hits you.

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

What we pay

We’ll pay the cost of repairs 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.

 

Request an FMG advisor to make contact
*
*
*
*
Are you a current client of FMG?
*
Clear