Midas AXA Premier - Underwritng Criteria

Underwriting Crtieria

• 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 - 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 (Comprehensive) – 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 (Comprehensive) -This policy will cover up to £100 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 (Comprehensive) 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.eg: suicide or attempted suicide.
• 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.
• Replacement Locks - If your keys and/or lock transmitter of your vehicle are lost or stolen, we will pay towards the cost of replacing the door locks, the ignition and steering locks and the lock transmitter and central locking interface. The max payout is £300 and this will not affect your no claims bonus. 
• 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).

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

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 and Class 3 Use
• Vehicles valued over £80,000
• Will not accept any drivers who are unemployed

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

Personal Accident Cover

• Personal Accident Benefits covered – As above see page 16 of policy book for full details

Underwriting

• Policyholders - Must be 20 years old and above
• Additional driver – Must be 20 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 1-49
• 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 100
• Drivers Under 21 Excess - Additional £400
• Drivers between 21 and 24 years old Excess - Additional £250
• Drivers aged 25 years or over with a provisional UK driving licence or a full UK licence less than 12 months Excess - £150

**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

Convictions – Convictions over 5 years old can be ignored. Drivers currently disqualified are unacceptable. Pending convictions should be treated as actual convictions

Claims- Claims over 3 years old can be ignored

Decline where any of the following conditions apply within the last 3 years:

• 3 or more fault claims per policy.  This includes fire and theft claims but excludes windscreen.
• 2 or more claims each valued at more than £25,000 where no full recovery has been made.

No protection is available on policies with 2 fault claims within the last 3 years

• 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.  Will quote on OGI for many popular mods e.g. engine chip.

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%