Praetorian Insurance Company Auto and Boat Policy
Praetorian Insurance Company is one of the most recent additions to QBE Insurance Group Limited. The parent group operates in more than 38 countries worldwide and hires more than 16,000 employees. As one of the subsidiaries, Praetorian offers the same types of coverage as its parent. Product diversification has become a business strategy in QBE yet standardization of services plays a major role in its operation. The following coverage includes Personal Insurance for Car, Caravan, and Boat categories available from Praetorian Insurance Company.
Praetorian Insurance Company provides five different types of coverage; each with different level of protection as you can see in the following table.
|Level of Coverage||Drivers Protection||Accidental Damage||Fire||Theft||Legal Liability|
|It is a complete protection that covers anyone who drives your car. It provides protection for legal liability for damage to other’s property and car. It also covers against accident, theft, and fire.|
|Comprehensive with dominant driver||Anyone with minimum age of 24 years||Yes||Yes||Yes||Yes|
|It offers similar protections as Comprehensive, but the premium is less if you are 24 years old or older. Anyone younger than that should not drive the car.|
|Comprehensive plus another driver||Main driver and another||Yes||Yes||Yes||Yes|
|It provides the same level of protection as Comprehensive, but less expensive when there are no more than two drivers. The main driver should be at least 21 years old, and the other driver should be at least 19 years old.|
|The third party only||Anyone||No||No||No||Yes|
|It covers damages to other people’s property or car, but there is no protection for yours. This policy includes benefits of the no-insurance motorist.|
|Third party plus fire
|An extension of Third Party Only policy with additional protections in case of fire and theft|
All levels of protections come with additional benefits. There are optional protections, so you can choose to include or not to include these benefits depending on your personal preference. The optional benefits are as follows:
All types of coverage for car insurance should comply with the state’s rules. Every state has different regulations concerning limit, minimum liability coverage, and proof of financial responsibility. Levels of protection from Praetorian Insurance Company are additions to the state minimum requirement, so consumer always complies with the law.
If you use your caravan as often as you use a car, it deserves the same amount of protection as your other vehicles and possessions. Praetorian Insurance Caravan Coverage comes only in Comprehensive Policy, but it has two different packages.
Comprehensive Policy is the only option in existent for Caravan protection, yet it has multiple optional benefits you can purchase. Because these are optional, you do not have to purchase all as a bundle, but choose one or more that suits your needs:
The head office of QBE Insurance Group is Australia. Some types of caravan coverage are available throughout the country, but they may not be available in your country or region. Your insurance agent can help you find out whether certain coverage is available for your needs.
Besides providing insurance policies for land transportation vehicles, Praetorian Insurance Company also underwrites policies for marine transportation including the boat. Compared with cars or caravan, the insurance perils for the boat are more unpredictable because it may involve a sudden change in weather and the wind. The Standard Boat Insurance Policy includes legal liability coverage and personal accident for boat owner and anyone you allow to control your boat. It also gives protection against theft and loss. On top of the Standard choice, there are four more packages available as follows:
|Yacht Racing Risk
||Water Skier or Aquaplaning
|Tender or Dinghy
Boat Insurance Coverage including the Standard and every Extension comes with some optional benefits to extend the protection:
Similar to Car and Caravan coverage policies, Boat Insurance covers boat in Australian Water, but they may be available in other countries. Please visit a local subsidiary or call your insurance agents to make sure of availability.
Although it is clear that Praetorian Insurance Company offers the same types of coverage as its parent group, this company works in a different country; QBE is in Australia while Praetorian is working under QBE North America. Differences in rules, coverage limits, and eligibility for discounts are inevitable. In the North America division where Praetorian Insurance Company resides, auto insurance offers FlexAuto program.
It includes many ways to save money on premium depending on personal driving behavior. The company reviews and considers driving record and other characteristics to determine if a driver deserves rewards and the most competitive rates. The price for an insurance policy is, therefore, different between individuals. Apart from good driving records, FlexAuto program offers the following discounts and coverage:
|· Good student discount
· Violation free or Accident-free discount
· Proactive consumer discount
· Multi-policy discount
· Longevity discount
|· Bodily Injury
· Personal Injury Protection
· Physical Damage
· Protection against motorist with low to none insurance
|· Towing and labor
· Transportation expense
· Audiovisual equipment
Accident Forgiveness Program
If a customer has had four years of continuous coverage with the company, he/she is eligible for accident forgiveness program. In case an accident happens to the customer or a member of the household, there will be no surcharge of the premium. For any accident in which the client or a member of his/her household is at fault, the minimum period is three years.
Praetorian Insurance Company provides easy payment access including online, electronic funds transfer, and credit card billing.