Excess Options — NZ Commercial Motor Insurance Compared

Commercial motor excesses vary by insurer, driver age, fleet size, and cause of loss. This page compares the standard / at-fault / under-25 / unnamed-driver / theft / fleet-aggregate excess structure across every ingested commercial-motor wording on the FCIB panel.

Per-insurer extract — fact key excess_options_nzd

NZI

NZI Steadfast Commercial Motor Vehicle

  • theft: Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.
  • at_fault: not specified — not mentioned in wording
  • standard: shown in the schedule
  • unnamed_driver: not specified — not mentioned in wording
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.
  • under_25_driver: not specified — not mentioned in wording
  • inexperienced_driver: not specified — not mentioned in wording

QBE Insurance NZ

QBE Steadfast Commercial Motor Vehicle

  • theft: Where the cause of loss is theft or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any Section 1: Automatic Policy Extension or Section 1: Optional Policy Extension.
  • standard: The excess shown in the schedule — specific amounts not stated in wording, set per schedule
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in Section 1: Automatic Policy Extensions or Section 1: Optional Policy Extensions.

Zurich New Zealand

Zurich NZ Motor Insurance

  • theft: not stated in wording — refer to schedule
  • standard: rule string — 'The amount of the deductible is shown in the schedule. The deductible will apply separately to each vehicle and each claim on that vehicle. Where more than one of your vehicles is involved in the same accident, only the higher deductible will apply.'
  • unnamed_driver: not stated in wording — refer to schedule
  • inexperienced_driver: not stated in wording — refer to schedule

Dual New Zealand

DUAL New Zealand Commercial Motor Vehicle (08.23 v2)

  • theft: No excess applies to Section 1 claim where cause of loss is theft or fire (fire not resulting from impact), unless stated in the schedule or payable under any Section 1: Automatic Extension or Section 1: Optional Extension.
  • standard: As shown in the schedule

Delta Insurance

Delta NZ Commercial Motor Vehicle (April 2024)

  • at_fault: The Excess shall be refunded for a No Fault claim unless specified in the Schedule or related extensions.
  • standard: as per the Schedule
  • unnamed_driver: as per the Schedule
  • under_25_driver: The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.

Currently showing 5 of 6 FCIB-panel insurers — AIG / Zurich / Delta / Dual NZ wordings are pending broker-portal supply. See the full panel.