Motor Vehicle Report

“Motor Vehicle Insurance”

MOTOR VEHICLE (also known as auto insurance, GAP insurance, car insurance, or motor insurance)

* is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.

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Classes of Motor Vehicle

* Class 1: Light Vehicle - means a motor vehicle, other than a heavy vehicle.
Motor vehicle - an entity comprising of one or more mechanically/electrically powered units with or without any trailer(s) physically joined by means of tow bars, tow ropes or mechanical articulation, and includes, inter alia:

(a) motorcycle - a motor vehicle that has two wheels.

(b) motor tricycle - a motor vehicle, other than a motorcycle with a side-car, which has three wheels and which is designed to be driven by means of the type of controls usually fitted to a motorcycle.

(c) light delivery vehicle (a bakkie) - means a motor vehicle designed or adapted for the conveyance of persons and freight with no heavy axle. * Class 2: Medium heavy vehicles - heavy vehicles, as defined above, with two axles. * Class 3: Large heavy vehicles - heavy vehicles, as defined above, with three or four axles. * Class 4: Extra large heavy vehicles - heavy vehicles, as defined above, with five or more axles.
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Classification of Vehicles 1. Private Vehicles – cars used for personal purposes by the owner.

2. Commercial Vehicles - company-registered cars used for transporting people or goods. It has been a necessity for many companies, no matter how small or big they are, to have their own vehicles to use for business purposes. Buying commercial cars is a lot different from buying a family car. a) Trucks b) Buses c) Vans and box trucks

3. Public Utility Vehicles -
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Coverage Levels

Vehicle insurance can cover some or all of the following items: * The insured party (medical payments) * The insured vehicle (physical damage) * Third parties (car and people, property damage and bodily injury) * Third party, fire and theft * In some jurisdictions coverage for injuries to persons riding in the insured vehicle is available without regard to fault in the auto accident (No Fault Auto Insurance) * The cost to rent a vehicle if yours is damaged. * The cost to tow your vehicle to a repair facility.

Different policies specify the circumstances under which each item is covered. For example, a vehicle can be insured against theft, fire damage, or accident damage independently.