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Insurance Business | 05 May 2015, 08:24 AM Agree 0
The council of an industry currently under threat from an online challenger has warned of insurance coverage gaps which could jeopardise the public and has been backed by the ICA.
  • md | 05 May 2015, 10:07 AM Agree 0
    Check your motor insurance policy, if you tell them the car is used for private use, its not covered if its used for fare or reward, therefore if you had an accident with a paying passenger, you would not be covered.
  • A Broker | 05 May 2015, 10:28 AM Agree 0
    Not too sure the CTP coverage in all States and Territories would respond either if the Vehicles have been Registered for Private Use.
  • A lawyer | 06 May 2015, 09:47 PM Agree 0
    which states in Australia do not have a no fault personal injury scheme for people who are injured in motor vehicle accidents?

    This scaremongering about passengers not being covered is nonsense. In Victoria personal injury is not covered by insurance policies anyway.

    The TAC pays compensation to drink drivers. It's paid out of registration. The taxi industry's fear campaign only discredits their failing business model further.
  • A lawyer | 06 May 2015, 09:48 PM Agree 0
    Absolute rubbish about not being covered for personal injury.
  • A Broker | 07 May 2015, 08:13 AM Agree 0
    No Fault is not the issue. The issue is around "disclosure" or "non disclosure" as the case may be.
    If you Register your Vehicle for "Private Use" and then go and use it for "reward" as a "Fare Receiving" vehicle, then that is a material non disclosure and would potentially void any CTP coverage, whether that coverage comes with the Registration of the Vehicle or as a separate CTP (Green Slip) arrangement.
    You are not seriously advocating material non disclosure?? If the coverage was voided, then the Vehicle Owner and/or Driver would be responsible for any Personal Injury deemed to be their fault (or no fault in some jurisdictions) and could potentially bankrupt someone.
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