Woolworths Third Party Property Damage Cover Review
We rely on our cars so much in our lives that we give little thought to the possibility of having an accident. Driving our cars is such a natural routine that it is easy to forget that a simple trip to the shops can turn into an expensive accident.
It is important to have car insurance whenever you are out on the road. Having insurance not only ensures you're back behind the wheel quickly but also to protects you financially from the third party damages, which can be astronomical if you injure a third party.
How Woolworths Third Party Property Damage Cover is Protecting You and Protecting Others
The last thing any of us wants is to cause harm to another person, especially on the road. Of course, while we try our hardest not to cause anyone harm, accidents do happen and they can be as unexpected as they are devastating.
That is where Woolworths Third Party Property Damage Cover helps protectu and anyone involved in an accident with you. Third Party Property insurance is a cover option on your Woolworths car insurance policy, which protects you in situations where you are responsible for paying damages. While you will be responsible for paying an access, Woolworths Third Party Property Damage Cover will cover the bulk of the payments.
Woolworths Third Party Property Insurance pays compensation for:
- Your at-fault accident. If you are in an accident that is your fault, Woolworths Third Party Property Insurance covers the loss or damage resulting from this accident.
- Your legal liability. If legal liability has arisen from the use of your car, a substitute car or from a trailer or caravan attached to your car at the time of the accident, Woolworths will pay compensation for loss or damage.
- Uninsured motorist benefit. If your car is damaged in an accident by an uninsured motorist, your Third Party Property Insurance from Woolworths will also cover any damage to your car to the lesser of $3,000 or the market value of your car.
- Any driver. Any driver who is using your car with your permission and is deemed to be at fault in the event of an accident, which causes loss or damage, will be covered for liability.
- Any passenger. The Woolworths Third Party Property Damage Cover extends to include cover for liability for any passenger who is getting into or out of your car.
- Your employer. Your cover also includes coverage for liability caused by your principal, partner or employer as the result or using your car.
- Legal costs. Third Party Property Insurance from Woolworths will also pay legal costs and expenses to defend any proceedings which arise from your legal liability for the loss or damage caused by your accident. These costs and expenses are subject to approval by Woolworths Insurance.
- Up to $20 million of cover. The most that Woolworths Insurance will pay for legal liability as the direct or indirect result of an accident is $20 million, this amount includes all legal costs and expenses under the policy.
How to Save on your Third Party Property Insurance with Woolworths
Not only is Woolworths Insurance saving you from the costs associated with damage you may cause in an accident, it can also save you in a number of other ways as well:
- Online discount. If you buy your Woolworths Third Party Property Insurance online, you are eligible for a 5% discount on your premiums.
- Choose your excess amount. The higher the excess amount you choose, the lower your premiums will be. Therefore, if you are willing to pay a bit more when you make a claim, you can save on your premiums month to month.
There are some exclusions to your third party cover that you need to be aware of, for example, Woolworths Insurance will not cover:
- Criminal legal costs. If you require funds to cover legal expenses to defend your criminal acts, fines or the breaching of road traffic statutes Woolworths Third Party Property Insurance does not cover these costs.
- Damage to your property. Your third party insurance does not cover you for damage to your own property, the property of any family members or the property of someone who normally resides with you.
- Damage to another’s property. If any person has placed property in your care, custody or control and it is damaged in an accident, it will not be covered by your third party property insurance.
- Fines or damages. You are not covered for any fines, penalties or awards imposed by law, liquidated damages or punitive, aggravated, exemplary damages or any additional damages as the result of compensatory damages.
- Your legal liability agreement. You are not covered for your legal liability under any agreement or contract you have entered into, unless you would have been liable despite the agreement. This extends to any other covered person on your policy. You are also not covered for your liability if you have agreed to or accepted legal liability without the agreement of Woolworths Insurance.