Motor Insurance FAQ’s
What types of cover are available?
The three types of cover available are:
Third Party Only
This cover is the minimum required by law. It covers your legal liability to third parties for injury or damage to property arising from the use of your car.
Third Party Fire & Theft
In addition to the Third Party liability cover described above you can protect yourself against loss or damage to your car arising out of a fire or from theft.
Comprehensive
If you choose this cover you are protected against accidental damage to your vehicle in addition to the cover described above.
How can I calculate the correct market value?
It is important that the Sum Insured reflects the correct market value. In the event of a claim with any Insurer you will only be given the market value of your car and no more. So why pay extra?
Our Offices can guide you on the value, our guidance will be based on the average vehicle so if yours is above average then we would recommend that you obtain an independent surveyors valuation.
In what ways can I reduce my premium?
There are various options that you can take up making your insurance policy more affordable, below are a few of the most common our clients’ take up
- Increase your policy excess
- Restrict the drivers
- Have all your insurances with us
- Insure more than one vehicle with us
Do I have to pay extra for roadside assistance?
No. Thomas Smith Insurance Agency Ltd is the only insurance provider who will give you FREE annual membership on all your private vehicles.
The average cost of this membership is around €40 a year – this we give you FREE
Do I need to submit proof of my No Claim Discount?
No if your previous insurer is local then we would obtain this on your behalf at no additional cost to you.
Your No Claim Discount will not be lost but we shall give you our % discount depending on the number of years free of claims confirmed by your previous insurer.
Do you have any extra enhancements?
Yes under our private policy you can at a minimal additional charge:-
- Protect your No Claim Discount
- Remain mobile while your car is involved in an accident even if you are at fault for the accident
What about free extras?
Yes we give you:-
- Annual membership for roadside assistance on your private car and motorbike
- Claims support and advice even if you are not insured on a comprehensive basis
Does my policy cover me automatically if I decide to drive it out of Malta?
Under the Third Party Cover this extends automatically to any EU Country however if your policy is also covering your car then contact us before travelling and at a minimal cost you will extend the insurance on your car.
