Therefore, it is always prudent to ensure that you are covered by term insurance for the maximum tenure. For example, if the tenure of the term insurance plan is 15 years and the insured dies after 16 years of purchasing the policy, his family members or nominee(s) are not eligible for receiving any death benefit. The sum assured or death benefit is paid only if the policy is in force at the time of policyholder’s death and the premiums had been paid regularly by the policyholder during the tenure of the policy. A term insurance policy assures a predetermined sum (sum assured) of money that is paid to the nominee in case of the policyholder’s death. – the term insurance policy remains in force. The word “term” stands for the specific number of years – 10 years, 15 years, 20 years, etc. Fortunately, it is also less expensive as compared to traditional insurance plans. Alternatively, if you prefer to pay for the damages yourself, please inform us that you will not be submitting a claim in which case your OUTbonus payout will not be affected.Term insurance is called the purest or simplest form of life insurance. you’re happy for us to pay for the damages and arrange for your car to be repaired), you only need to say the word and we’ll get the ball rolling. Step 10: If you want to submit a claim (i.e. We will then get a few comparative quotes and will let you know how much it will cost to get your car repaired. Step 9: Depending on the damage to your vehicle, we may ask you to bring your vehicle to one of our vehicle assessing centres where one of our qualified assessors will evaluate the damage. Step 8: Call OUTsurance on 08 600 70 000, even if you suspect the damage to be minor and you don’t plan to claim. Step 7: Both parties must visit their nearest police station within 24 hours to get a case number. make, model and colour of the other vehicle.Step 6: Most importantly, ask the other party for his/her particulars. Make sure to include road names, landmarks, intersections and robots. Step 5: If at all possible, try to draw a sketch of how the accident took place, indicating in which direction your vehicle was travelling. Step 4: Do a proper check of the damage to your vehicle and - if possible, use your cellphone to take pictures of the damage to your car and that of the other vehicle. If, for whatever reason, you’re unable to move your vehicle, place hazard markers on the road and call OUTsurance so that a tow truck can be sent to assist you. Step 3: If nobody is injured and the damage to the vehicle seems minimal, you may move your vehicle to help ease the flow of traffic. If so, do not attempt to remove any injured persons from the car, but rather call the relevant emergency services to assist. Step 2: It may just be a minor bumper bashing incident, but you still need to check if anyone is injured. Step 1: As with any type of accident, stop and switch on your hazards. We suggest you download, print and keep this in your cubbyhole as a quick reference guide in the event of a bumper bashing. So, to help make your life a little bit easier, we’ve combined all the 'need to know' information in one document. Your 10-step motor insurance bumper bashing checklist.Īt OUTsurance, we hate bumper bashings as much as the next guy! In fact, we can just imagine how distraught you must be when someone drives into the back of your car, and especially when you may be held accountable for causing an accident. It may also be argued that this person is at fault because they failed to keep a safe following distance.
In most cases, the driver at the back can be held at fault because he or she was unable to stop in time to avoid the accident. A bumper bashing refers to an incident where the driver hits the rear end of the car in front.