Commercial Vehicles – Comprehensive

Commercial Vehicles – Comprehensive

Comprehensive cover for the vehicles you use for your business, like cars, vans, trucks or utes.

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

What we cover

The FMG Commercial Motor Vehicles policy automatically includes these covers and benefits. 

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.  

If your claim has been accepted, we’ll cover up to $10,000 for the reasonable costs to prepare, present or certify it, for example if you need to hire an accountant to quantify your loss.

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. 

If your vehicle is a total loss, we’ll pay up to $1,000 for the reasonable cost of transferring attached undamaged property to the replacement vehicle.  

Cover for damage when the wrong fuel type is accidentally used, or the fuel is contaminated. If you realise the mistake before any damage is done, we’ll pay the costs for getting the vehicle fuel tank cleaned out.  

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

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 you’re in an accident which was caused by another driver and you can give us their name, address and registration number and we confirm the other driver was at fault, you won’t have to pay an excess.  

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.

If you're charged with manslaughter, or careless, dangerous, or reckless driving causing death following an accident covered by this policy, we'll pay up to $12,000 for your reasonable Legal fees. 

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 with our consent 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 $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.

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.

Optional extras

You can purchase this Optional Benefit for even more comprehensive insurance.

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.

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.