Car Insurance
Biima
Reasons YOU Need Comprehensive Car Insurance
From comprehensive coverage to specialised policies, car insurance comes in many forms. As brokers, we guide clients through this maze of options, tailoring protection to their unique needs. The standard comprehensive car insurance, along with various add-ons, offers drivers extensive protection in case of unforeseen and unfortunate incidents. Each type serves a distinct purpose, offering targeted coverage for specific risks. Understanding these choices helps YOU to make informed decisions about safeguarding YOUR vehicle.
Let us explore some valuable insurance options available today.
- Roadside Assistance: A car breakdown can be a nightmare, but this add-on can be a lifesaver. It covers essential services like towing and emergency repairs when YOUR car troubles YOU. Just review the policy terms carefully, as they can differ.
- Windscreen and Window Glass Cover: With this add-on, YOU can repair or replace YOUR car’s windows and windscreens when damaged. YOU can use it without the standard excess or for a reduced excess, but only once a year.
- Hire Car: This add-on lets YOU hire a car if YOU are without YOURs during a claim. YOU can use it to get around while waiting for the final payout.
- Value: With this add-on, YOU can choose from an agreed or market value for YOUR stolen or totalled vehicle (and not recovered).
Our insurance brokers for cars can help YOU further explore YOUR options. Feel free to contact us and share what you’re expecting in YOUR car insurance policy. We will search the market for suitable insurers and help YOU customise YOUR car insurance however YOU wish, creating the best protection.
Car Insurance
Insurances
Insurances We Provide
At BIIMA, we bring YOU a full spectrum of insurance policies from leading market players to protect YOU, YOUR assets and YOUR business – manage risks and live with added peace of mind.
Why Choose Biima Car Insurance Brokers?
01
Tailored Solutions
Providing personalised insurance support for businesses and individuals since 2015.
02
Diverse Portfolio
A rich insurance portfolio – 85% commercial and 15% personal insurance.
03
Customer-First
We keep YOUR interest, YOUR need, and YOUR satisfaction at the CORE of our Insurance Solutions.
04
Multilingual Experts
We have a multilingual team, so language would never be a barrier to us.
Tailor YOUR Policy with Our Expert Vehicle Insurance Brokers
Insurance by Industry
Industries We Cater
We assess risks and vulnerabilities inherent to YOUR industry and ensure YOU are covered where it matters the most. Whether YOU are a small enterprise or a large-scale business, access tailored insurance solutions with us. Diverse industries, ONE Insurance Broker firm!
Types of Car Insurance for Business in Australia
Most of us know of car insurance as one policy, but it is not. It is one broad term encompassing various policies, each meant for a distinct purpose. As motor vehicle insurance brokers, we help our clients understand these various kinds and help them find the most suitable option for their car. Here are some popular car insurances YOU should be aware of.
Comprehensive Car Insurance:
This is the most common type of car insurance that people prefer in Melbourne. From damage to theft, comprehensive insurance will protect YOU against a broad range of incidents—no matter whose fault.
Third-Party Property Damage Insurance:
This third-party car insurance coverage extends to the damage caused to others’ vehicles and properties at the fault of the policyholder. Yet, it doesn’t cover the damage or injuries incurred by the policyholder.
Third-Party Fire and Theft Insurance:
This insurance model shields YOUR vehicle from theft and fire beyond third-party property damage coverage. With this extension, policyholders gain comprehensive coverage against unexpected threats to their automobiles.
Compulsory Third-Party Insurance:
CTP insurance, mandatory across Australia, protects drivers financially if they injure or kill someone in an accident. Typically bundled with vehicle registration, it covers compensation costs for such incidents. However, CTP has limitations. It doesn’t cover property damage from accidents, nor does it protect at-fault drivers from their own injuries. Thus, it’s worthwhile to consider additional insurance options to ensure comprehensive protection on Australian roads.
It’s understandable if buying an insurance policy feels overwhelming. YOU have a million things to check, crucial decisions to make, and find a reputed insurer—but YOU can make all of this easy. Reach out to our professionals and share YOUR requirements. We will replace YOUR stress with a seamless experience.
Most Asked Queries
Frequently Asked Questions
What is a car insurance excess?
An excess is the amount YOU contribute to the cost of a claim after it is accepted. There are three kinds of excess — basic, age, and special. Some instances in which YOU will have to pay an excess:
- YOU or the driver of YOUR vehicle were at fault in an incident.
- The incident was not YOUR fault, but YOU don’t have the information about the at-fault party.
- The damage is caused by the collision with an animal.
- YOUR vehicle was damaged by an incident (for example, hail).
When YOU start a claim online, you’ll find out if an excess is required. If YOU have an excess to pay, log in and pay it online.
What are agreed and market values?
Agreed value is the amount YOUR insurer offers for YOUR vehicle. YOU can select a value from a range, which will remain fixed throughout the policy’s term. Even at renewal, the insurer will consider the changes in YOUR car’s agreed value with the help of local market values.
On the other hand, market value is the calculated worth of YOUR car at the time of the incident for which YOU are filing a claim. It considers YOUR vehicle’s age and condition, as well as local market prices.
YOUR insurer will finalise YOUR payout as per one of these two values if YOU file a claim.
What is a no-claims discount?
YOU will be eligible for a no-claims discount if you’ve been insured for a long time but haven’t made any claims. This usually applies to YOUR premium, but eligibility may vary depending on the provider. Sometimes, insurance companies may transfer YOUR no-claims discount from another provider, while other times, a provider may offer a lower premium instead of it.
Thus, it’s necessary to find out about the no-claims discount when reviewing multiple policies and providers. Check the length of time that has to pass to qualify for it.
Feel free to use our support and expertise to learn more about this incredible feature.
How long does it take to process the claim if my vehicle is stolen?
It depends on several criteria, including the claim’s complexity, the extent of the damage, and YOUR provider’s responsiveness. For instance, it may take longer if YOUR vehicle is not recovered.
YOU may also be required to provide extra paperwork, such as police records and photos of any damage to the vehicle following the incident. After this process is completed, YOUR provider will review YOUR claim and decide its authenticity. Then, YOUR provider will pay YOU as per YOUR policy terms, less any deductibles YOU may have.
All this process will take anywhere from a few days to several weeks.
What should I do if my premiums keep increasing even when I stay with the same insurer?
We always want to have our loyalty rewarded, and our premiums drop over time, but there are other factors to consider, such as inflation. However, insurers adjust rates based on various factors, including inflation and risk assessments. For example, living in areas prone to natural disasters or designated high-risk zones may increase YOUR premiums because insurers factor in claim probabilities when setting rates.
Therefore, to navigate the insurance market effectively, YOU need to compare policies thoroughly. Examine features, benefits, and limitations across different offerings. This approach will deepen YOUR understanding and help YOU make informed decisions about coverage and costs.