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.