PMV Insurance

Being a good driver isn’t enough to avoid getting into a car accident. You never know what other drivers or pedestrians are going to do, or how the weather may affect your driving.

If you ever travel outside of the main cities, you’ll want extensive coverage, as there tend to be more threats against drivers. Armed carjackings are common in less populated areas, and the locals have been known to throw rocks at cars.

When a car accident occurs between two or more drivers, the one who caused it typically pays for the damage done, with the help of their insurer. But what happens if the responsible party doesn’t have insurance? In your policy, you can include protection for this type of scenario, which is usually referred to as Comprehensive coverage.

PMV insurance will also financially protect you against natural threats, like water damage from a rainstorm or a tree falling on your car. In Papua New Guinea, many of the countryside roads are unpaved and will get covered in mud from landslides during the rainy seasons. If your car gets damaged in this capacity, we’ll cover the cost of fixing it.

Finally, if your car gets stolen, we’ll help you buy a new one so you can get back on the road.

PMV  insurance not only protects you but also your fellow motorists.

The minimum level of coverage is known as basic liability (Third Party Property Damage – TPPD), which pays for property damage caused by you. So if you accidentally hit another person’s car our policy will cover the cost of any necessary repairs for their vehicle.

Paying for a car accident can sometimes be as expensive as purchasing a new car altogether. Most of us don’t have that much money saved up, which is why we acquire PMV loans instead. So what happens when you get into a really expensive accident with no insurance? As you can imagine, it’s not a fun situation to be in.

Let’s say you’re driving in the city and you accidentally collide with the back end of another vehicle, causing a severe dent. Now the entire rear bumper needs to be replaced as well as the tail lights. And since you were the one who caused the accident, you’re now responsible for paying for those repairs. Without insurance, you would have to pay for them all by yourself, likely having to pull money from your savings account. Taking a large chunk out of your savings can hurt future plans, like buying a home, getting married or retiring.

Don’t let one mistake on the road have that big of an impact on your life. Our PMV  insurance policies will allow you to keep the money you’ve earned for the things that are important to you.

In 2009, the Prime Minister of Papua New Guinea signed the country into a convention that will work toward reducing road fatalities. This involved improving roads, spreading awareness and implementing road safety into the education system. However, due to a lack of funding, the government has had a difficult time carrying out these changes.

You alone cannot make the roads safer, but you can establish a personal safety net against accidents and theft. With a strong PMV insurance policy, driving becomes a much less stressful activity. You can go through a hard days work, knowing you’ll be financially protected if something bad happens.

Don’t drive with the risk of burying yourself in a financial hole. Instead, hit the road with confidence by signing up for one of our policies.