Chat with us

Notice to Policyholders – Low Powered Vehicles

Low Powered Vehicles

We would like to inform you that your Low Powered Vehicle policy has been updated with effect from the 1st of June 2024. This is a summary of the main changes made.

  1. The section ‘Changes we need to know about’ has been clarified so that you can understand better what information you need to share with us.
  2. The Limits of Indemnity per accident under the liability section have been increased to €6.45m for injury and €1.3m for damage.
  3. We have clarified that any liability, loss or damage caused by a deliberate act involving your vehicle will be excluded.
  4. The exclusion relating to liability resulting from pollution or spillage has been reworded to make it clear that only accidental spillage is covered.
  5. Liability cover for accidents occurring outside a public road is now the same as that for accidents occurring on a road.
  6. The policy now makes it clear that drivers need to always have a valid driving licence and only allows a grace period of 60 days from the date of expiry for it to be considered valid under the policy. No cover will otherwise apply.
  7. We have reworded some of the policy conditions to make it clear that:
    a. When cancelling the policy, you must notify us within 90 days and before the expiry of the policy.
    b. If fraud is detected in a claim the policy will be deemed void and no refund of premium is payable.
    c. We can change the terms and conditions of the cover applicable on renewal of the policy and that you will be notified of any such changes prior to renewal.
    d. You are responsible to ensure that the vehicle’s tyres are in a roadworthy condition and shall not drive the vehicle if there is a risk of further loss or damage.
  8. The address of the Office of the Financial Services Arbiter has been updated.
    Important
    It is the policy wording document that defines the insurance in precise terms and remains the legally binding document. Should you have any difficulties or questions about the revised wording please contact us.

The policy wordings may be found here: Motor Policy wordings