Overview
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
Features
Rates and Minimum Premiums
- Rate – 5.5% of value of vehicle/Sum Insured.
Benefits
The benefit limits of the Milady Motor Premium are shown below.
| Cover | Benefit Limit |
| 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 |
| Medical Expenses | $500 |
| Legal Expenses | $1 000 |
| Contingent Liability | $2 000 |
| Self-Authorising Limit | $300 |
| Handbag cover | $300 |
| Car Seat | $400 |
| *Road side Assistance | Various affordable options available to choose from |
Excesses Applicable
The excess per risk for Milady Motor Premium are shown below.
| Risk | Excess |
| 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 |