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Understanding Our New Bingle Third Party Property Damage Car Insurance PDS
Introducing the new Bingle Third Party Car Insurance Product Disclosure Statement (PDS) for policies renewing on or after 16 March 2021. The PDS is an important legal document that contains details of the product you purchase so you need to read it carefully.
Here at Bingle we provide clear and simple car insurance. To help make it easier to read and understand our PDS, we've changed the layout and combined the previous two-part document into one. We've also made changes to the terms, conditions and exclusions of your policy.
Below are some examples of things we have changed
- The section, 'Your part of the deal'
- Excesses
- Paying by Instalments
- What we don't cover
- Claims section
For full details, please refer to your PDS.
Details of some of the changes to the PDS
General exclusions are called 'What we don't cover'. Things we don't cover includes some new and updated exclusions such as:
- Extra costs or other losses following an incident covered by your policy
- Intentional or deliberate acts
- Alcohol, drugs, medication
- Reckless acts
- Unlawful purposes
The requirement to pay any applicable excess upfront in order to receive the policy benefits has been removed.
During the period of insurance, if an instalment's overdue we'll let you know and we will now cancel your policy:
- by giving you at least 14 days advance notice; or
- without notifying you in advance if the instalment is 1 month (or more) overdue.
If you decide to cancel your insurance cover with Bingle, you will no longer be charged a cancellation fee.
We have the right, and you permit us, to take recovery action against a party responsible for your loss. To promote transparency, we have added examples of the assistance that may be required from you if we take action against a party for the recovery of your loss.
This includes specifying types of assistance we will pay for and covering costs for your out of pocket expenses for attending court up to $250 per claim.
To promote transparency, we have added examples of the assistance that may be required from you when making a claim.
This includes specifying types of assistance we will pay for and covering costs for your out of pocket expenses for attending court up to $250 per claim.
Changes have been made to the Claims section including changing how we settle your claim.
The information above is not a complete list of the changes to your Third Party Car Insurance. For full details of what is and isn't covered, please read the Bingle Third Party Car Insurance Product Disclosure Statement. Consider the Product Disclosure Statement (PDS) before making a decision about this insurance.
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