Step 1. What if I only have third party property insurance?
Third party property insurance generally only covers damages caused to third parties by your negligence. It does not cover damage to your own property. If you receive a demand for damages caused by you, you should contact your insurer and make a claim. Your insurer will decide if you were at fault, and then handle any negotiations for you. Uninsured Motorist Extension Some Third Party Property insurance has “Uninsured Motorist Extension” (UME). UME is an additional benefit under the policy. UME means you may be able to get cover for the damage to your car too. You should read your product disclosure statement to see if you have this benefit. TIP: Some policies also have “insured motorist extension”, which is similar to UME but also covers some damage caused by insured third parties in limited circumstances. Generally you can claim on your third party property insurance for UME if:
- you can show the other party was at fault
- you can show the other party was not insured, and
- you can identify the driver of that car including name, address and licence details.
- Find a financial firm or superannuation fund on the Australian Financial Complaints Authority (AFCA) website.
What if I can’t claim on UME? If you are unable to claim on your UME, you will need to make a claim against the other party. You can make a claim by:
- sending a letter of demand
- starting a claim in court.
- Making a claim on the LawAccess NSW website.