Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

AMI Takes ‘Sting’ Out of Insurance Claims

Tuesday, 21 February 2006

AMI Takes ‘Sting’ Out of Insurance Claims for Vehicle Accidents

New Zealanders have roughly a one in ten chance of having a car accident resulting in an insurance claim each year (according to AMI Insurance statistics). In Auckland, the likelihood is more than 30% higher. A driver at fault could face an increase in premiums of up to 50% through the loss of their maximum No Claims Bonus discount.

AMI Insurance has launched an innovative and market leading private motor vehicle insurance benefit, ‘freeBmax’, to recognise those customers with a good driving record and ‘lock-in’ their maximum No Claims Bonus discount.

AMI customers with a qualifying private motor vehicle policy that has a ‘clean’ twelve month claims record (more than 200,000 customers) have immediately qualified for ‘freeBmax’. These customers will be able to make up to two claims in a year without losing their maximum No Claims Bonus discount.

“AMI recognises the loss of a maximum No Claims Bonus discount can be an issue for our customers. AMI has addressed this by introducing ‘freeBmax’; this means those customers qualifying for ‘freeBmax’ can make up to two claims per year that would otherwise have reduced their No Claims Bonus. This added protection of ‘freeBmax’ is a significant benefit to customers,” explains AMI Chief Executive, John Balmforth.

AMI Insurance is taking the unique step of automatically and immediately applying this benefit free to the majority of its private vehicle insurance customers. New customers can also qualify for the free benefit quickly.

“We undertook extensive market research and were overwhelmed by the tremendous interest in the ‘freeBmax’ concept. Letters have been posted over the last 2 days to more than 200,000 AMI customers giving them the good news that their qualifying policies now have the added protection of ‘freeBmax’. We are giving this benefit to these customers free to recognise their good driving record and claims history,” says Mr. Balmforth.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: