Changes to GIO Business and Commercial Motor Product Disclosure Statements (PDS) and Policy Wordings
We’ve recently made some changes to our GIO Policy Wordings and Product Disclosure Statements (PDS)
What is changing?
In response to the new legislation extending Unfair Contract Terms (UCT) laws to insurance contracts entered into on or after 5 April 2021, we have completed a review of all GIO Business and Commercial Motor Product Disclosure Statements (PDS) and Policy Wordings.
When are the changes happening?
New PDSs and policy documents will be effective from 25 May 2021 for new and renewal business.
For new policies or renewals that fall between 5 April 2021 and 25 May 2021, these new policies and renewals will take effect on the basis that the new UCT laws will apply to them. Should you have to lodge a claim, our claims teams are equipped to appropriately assess the claim in respect to changes being made to the PDS/Policy Wording to take into account the new UCT laws.
Need more information?
If you have any questions regarding your policy, please call us on 13 10 10.