GIO Car Insurance

GIO also offers a special Platinum cover policy, which comes with the same inclusions as their Comprehensive but with the following additional benefits:

• No excess on one windscreen, window or sunroof glass claim per period of insurance (provided this is the only damage you’re claiming for)
• Lifetime new car replacement in the event of a covered total loss if you’re the first registered owner of a new or ex-demo car which has been insured with Platinum cover from within 13 months of its purchase
• Reasonable cost of a hire car of a similar make and model after any covered incident which causes your vehicle to be unsafe or unavailable to drive (up to $100 per day until your claim is settled or your car is repaired)

GIO’s version of third party fire and theft cover, known as Fire, Theft and Third Party Property Damage cover, is designed primarily to offer cover for the areas listed in its name. However, the incidents and costs under this level of cover with GIO can include:

• Accidental loss or damage to your car due to fire, theft or attempted theft
• Legal liability for damage to other people’s property caused by your car up to $20 million
• Reasonable cost of a rental car following the theft or attempted theft of your vehicle for up to 21 days
• Reasonable cost of a rental car following a not-at-fault accident until your car is repaired or your claim is paid
• Reasonable cost of emergency accommodation if you’re more than 100km from home and your vehicle is deemed unsafe to drive (up to $1,000)
• Reasonable cost of emergency repairs to make your car safe to drive (up to $1,000)
• Cost of personal transport from the scene of the incident or to and from your repairer or hire car provider (up to $250)
• Accidental loss or damage to your personal effects in the car at the time of the incident when your car is damaged in a covered event (up to $1,000)
• Accidental loss or damage to your tools of trade in the car at the time of the incident when your car is damaged in a covered event, provided this isn’t theft or attempted theft (up to $1,500)
• Accidental loss or damage to baby capsules or child seats in the car at the time of the incident when your car is damaged in a covered event (up to $750)
• Reasonable cost of towing and storing your vehicle if it’s deemed unsafe to drive after a covered event
• Temporary legal liability cover for third party damage caused by a substitute car if your car can’t be driven due to a covered event or is being repaired (up to 14 days and $20 million in cover)
• Legal liability cover for third party damage caused by your trailer or caravan while attached to your car or after separating from your car and running out of control (up to $20 million)
• Damage to your vehicle caused by an uninsured motorist who was completely at fault (up to $5,000)
• GIO lifetime repair guarantee

The lowest level of optional car insurance cover, Third Party Property Damage (TPPD) cover mainly offers protection to you against damage you might cause to other people’s property. GIO’s TPPO cover can include the following:

• Legal liability for damage to other people’s property caused by your car up to $20 million
• Reasonable cost of a rental car following a not-at-fault accident until your car is repaired or your claim is paid
• Cost of personal transport from the scene of the incident or to and from your repairer or hire car provider (up to $250)
• Temporary legal liability cover for third party damage caused by a substitute car if your car can’t be driven due to a covered event or is being repaired (up to 14 days and $20 million in cover)
• Legal liability cover for third party damage caused by your trailer or caravan while attached to your car or after separating from your car and running out of control (up to $20 million)
• Damage to your vehicle caused by an uninsured motorist who was completely at fault (up to $5,000)
• GIO lifetime repair guarantee

Compulsory third party (CTP) insurance, otherwise known as Green Slip insurance in NSW and Motor Accident Injuries (MAI) insurance in the ACT, is mandatory in all states and territories in Australia. However, while some state governments offer this as part of vehicle registration, others have a list of approved insurers from which you can buy cover. In the case of GIO, you can buy CTP insurance if you’re in NSW or the ACT. Though the cover specifics vary between states, these policies can include:

• Liability for injuries caused to third parties in a motor vehicle accident by any driver of your car
• Medical expenses for those injured in an accident, regardless of fault, for up to 12 months of reasonable, necessary treatment
• Payment of a portion of your lost pre-injury income for up to 12 months off work