Like all insurance cover, there are different types of vehicle cover, each has its own advantages and disadvantages.
Whatever the value of your vehicle, and whether your vehicle is your pride and joy or just a means of transport, the right type of insurance is important.
The value of your vehicle may be low but the risk of causing significant damage to someone else’s vehicle can cause long lasting financial consequences. Motor vehicle insurance can also cover you against that.
You can get cover against accidental loss of or damage to your motor vehicle, up to either its:
- Market Value (what your vehicle is worth just before the damage occurs) or
- Agreed Value (a value you and your insurance company agree on at the beginning of the contract and at each renewal).