Dawes Underwriting Australia has refreshed the Dawes Motor Vehicle Insurance and Dawes Motorcycle Insurance products to incorporate broker feedback and meet the evolving needs of High-Net-Worth clients.

All changes were based on extensive market research and analysis, says Jon Burrard, Dawes National Team Leader.

"It includes many features brokers and their clients have wanted yet struggled to find, such as $100,000 in cover for learner licence drivers, a $300,000 limit on replacement vehicles, and a $25,000 allowance for spare parts under the new Dawes Motor Vehicle Insurance PDS," Jon says. “Meanwhile the enhanced Dawes Motorcycle Insurance PDS includes various limit increases and additions, such as provisional riders now covered under the policy.”

"Our overarching aim was to ensure the updated PDSs are providing something more competitive and comprehensive than other products on the prestige motor insurance market,” Jon says. “I believe we’ve done just that.”

“Another goal of the refresh was to make the Product Disclosure Statements more accessible, which we’ve done by making the documents simpler, and easier to read,” says Jon.

The overhaul was also a chance for Dawes to explore new ways to support vulnerable customers.

"The new PDSs include introducing a domestic violence exception, so there is no excess to a claim if it arises from an incident inflicted by a current or former partner," Jon says. "It's a simple way to help ease a financial burden for clients in an exceptionally challenging situation."

Some key changes to the Dawes Motor Vehicle Insurance PDS include:

• Replacement vehicle limits increased from $200,000 to $300,000.
• Cover for learner licence drivers on a vehicle with sum insured up to $100,000.
• Hire car costs increased from $100 to $250 per day.
• Allowance of up to $25,000 for spare parts.
• Paint protection allowance of up to $10,000.
• A 'New for Old' benefit has been added for replacement vehicles.
• 'Any driver' cover remains available, provided drivers do not live with the policy holder and/or are listed on the insured’s policy schedule.
• Baby/child seat cover for damage caused by an insured accident.
• Sub-limits increased for locks and keys, personal property left in the vehicle if damaged in an insured accident, and emergency accommodation and repairs.
• Domestic violence exception – no excess applies to a claim if it arises from an incident inflicted by a current or former partner.

Some key changes to the Dawes Motorcycle Insurance PDS include:

• Additional and replacement motorcycle limit increased to $50,000.
• Provisional riders are now covered under the policy.
• Up to $25,000 limit for spare parts.
• ‘New for old’ benefit applies after 48 months.
• Limits increased to $5,000 for personal property, locks and keys, emergency accommodation, and emergency repairs.
• Limit for hire bikes increased to $3,000 total or $150 per day (unlimited days).
• Cover extended to protect most bikes in communal parking garages.

The above features and benefits are in summary only. Terms, conditions, exclusions and limitations apply. Before deciding to purchase this insurance, your client should consider the relevant PDS which can be downloaded here .

Get in touch with the team today.

Dawes Underwriting Australia Pty Ltd t/as Dawes Motor Insurance (ABN 18 050 289 506, AR No. 342982) (‘Dawes’) is an Authorised Representative of SGUAS Pty Limited (ABN 15 096 726 895, AFSL 234437) (‘SGUAS’) and acts for the insurer, Allianz Australia Insurance Limited (ABN 15 000 122 850, AFSL 234708) (‘Allianz’). Consider the relevant Product Disclosure Statement and Target Market Determination available by contacting Dawes on 1300 188 288 or visiting www.dawes.com.au, before deciding if it is right for you.