Special Conditions applicable to Truck Insurance:
Average – If your vehicle has a carrying capacity exceeding 2 tonnes or greater and at the time of an accident giving rise to a claim the sum insured on your vehicle is less than 80% of the current market value, the insurance company will pay only such proportion of the repair costs as the sum Insured bears to 80% of the market value of your vehicle. For the purpose of valuation and the application of this provision, prime movers, rigid trucks and attached trailers will be regarded as separate and distinct items.
Important – Insurance terms and conditions will differ between insurance policies and insurance companies; you should always read a product disclosure statement (PDS) before making any decisions.
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