The Milady Motor Premium offers comprehensive car insurance which is an all-inclusive, all-encompassing insurance policy that will cover vehicles against all risks and perils. It also covers for policyholder’s damage as well as the damage, costs and expenses of any third party in the event of an accident.
In addition, it offers :
- Medical cost cover
- Legal cost cover
- Handbag cover
- Car seat cover
Rates and Minimum Premiums
- Rate – 5.5% of value of vehicle/Sum Insured.
- Minimum Annual Premium – $300
The benefit limits of the Milady Motor Premium are shown below.
|Third Party Property Damage||$20 000|
|Third Party Bodily Injury||$20 000|
|Authorised Passenger Liability||$20 000/$2 000 per passenger|
|Unauthorised Passenger Liability||$20 000/$2 000 per passenger|
|Legal Expenses||$1 000|
|Contingent Liability||$2 000|
|*Road side Assistance||Various affordable options available to choose from|
The excess per risk for Milady Motor Premium are shown below.
|Own damage: Partial loss||10% of loss minimum $50|
|Own Damage: Total loss||3% of sum insured|
|Theft of accessories/parts||25% of loss|
|Windscreen Damage||33.3% of contribution|
|Young inexperienced driver||2 % of loss|
|Loss outside Zimbabwe||4% of value|