| Underwriting Criteria |
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- Protected NCD (if selected) 2 claims in a 3-year period.
- Driving Other Cars – If stated on the Certificate with the owner’s permission the policyholder may drive another car not belonging, hired, leased or rented to them on a third party only basis within the territorial limits and provided the insured car has not been declared a total loss. Policyholders must be over 25yrs old and not employed in the Motor Trade E.g. Mechanic, Tyre fitter, car dealer, car salesman etc. and there is valid insurance cover in force for the car under another insurance policy.
- Windscreen, side and rear windows - (Comprehensive Only) Cover is unlimited provided the approved repairer is used. If a non-approved repairer is used the maximum payable is £100 after the deduction of the windscreen excess.
- An excess of £75 applies if the windscreen is replaced and £10 excess applies if damaged windscreen is repaired. A claim under this section will not affect the NCD
- Excludes repair/replacement of sunroof/glass roof panels, lights and reflectors
- Audio Equipment/Sat-Nav - This policy only covers equipment that is permanently fitted such as sat nav or in-car entertainment. The cover is unlimited if fitted by the manufacturer. Otherwise for sat navs, a £750 limit applies and for audio equipment a limit applies of 10% of the car's market value up to a maximum of £750
- Child Car Seat – Will pay up to £100 for the cost of replacing a child car seat/booster if damaged following an accident, fire, theft or attempted theft provided a claim is being for damage to the insured vehicle.
- Personal Belongings - This policy will cover up to £200 for personal belongings damaged or stolen from the locked car. Certain items are excluded such as cash, phones, tools and property covered under another policy.
- Personal accident - benefits covered up to £10000 in any one period of insurance. If Death, Loss of a hand or foot or Loss of sight in one or both eyes occurs within three months of the accident date. The main exclusion to this benefit is that cover will not apply to a person age 65 years old or over, to those driving under the influence of drink or drugs or it is a deliberate act.
- New Car Replacement – Will replace your vehicle with another of a similar make & model in the event of a total loss claim (repair costs exceed 60% of new list price), provided you are the first registered owner of your vehicle from new and the vehicle is less than 12 months old.
- Courtesy Car - A small courtesy car will be provided whilst your car is being repaired by an approved repairer, subject to availability.
- European Cover - Cover is automatically provided for social, domestic and pleasure use up to 90 days in any 1 policy year within the European Union (EU).
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| REFERRALS |
- Bonus expired more than one month ago- depending on circumstances
- Modifications – see below in underwriting terms
- European cover for more than 90 days in one period of insurance – unlikely but refer exceptional circumstances.
- Breaks in cover - Midas will not look at anything with break in cover over 30 days without a SORN
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| DECLINE |
- Foreign Imports - UK specification vehicles (vehicles that have an exact equivalent of the UK model) are acceptable if imported from within the EU. Otherwise, all other imports are unacceptable. Midas will allow 2 weeks to register an ROI vehicle which has been imported.
- Class 2 or Class 3 Use
- Will not accept any drivers who are unemployed
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| Protected NCD Criteria |
- 2 claims in 3-year period.
- If on 5+years NCB and 3 claims in last 3 years NCB will be reduced to 2 years.
- 4 claims in 3 years – NCB will be reduced to nil
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| Personal Accident Cover |
- Personal Accident Benefits covered – As above see page 16 of policy book for full details
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| Underwriting |
- Car groups 20 and above – if client changes to a lower group we can keep vehicle on to renewal but will need transferred to Premier at renewal.
- Policyholders - Must be 25 years old and above
- Additional driver’s – Must be 25 years old and above
- Drivers – No more than 4 drivers per vehicle including Policyholder. Maximum Policyholder + 3 named.
- Cover – Comprehensive cover only available
- Vehicle groups 20-49
- Max vehicle value £90k [ over £60K needs a Tracker]
- Max age of vehicle is 15 years on NB and 20yrs on renewals
- Ownership must be Proposer, spouse, civil partner, leasing company (if lease is in the name of proposer/spouse and min of 12mnths)
- Max mileage is 30K
Excess:
- Compulsory excess – £250 This excess is reduced by £100 when an AXA Approved Repairer is used.
- Drivers aged 25 years or over with a provisional UK driving licence or a full UK licence less than 12 months Excess - £150
- Drivers Aged 21-24 - £250
- Drivers Aged under 21 - £400
**Please note for young and inexperienced drivers the above amounts are in addition to the compulsory and voluntary excess which apply**
- Windscreen Excess – Replacement - £100 and Repair £10. If the PH does not use a Midas approved supplier, the maximum amount that will be paid is £100 after excess has been deducted Glass claim number 0345828282
- Use in ROI for NI Residents – Midas territorial limits include SDP and Class 1 business use in ROI. Overnights on a regular basis are not acceptable.
- Modifications – Please process all modifications onto Open GI. The system will quote the correct premium where these are acceptable.
Open GI brokers should use the following alloy upgrade modification matrix:
| Size increase |
Modification(s) to be used |
Loading |
| 0 – 2 inches |
Alloy Wheels |
Nil |
| 3 inches |
Wider Wheels |
10% |
| 4 inches + |
Wider Wheels AND Wider Tyres |
20% |
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