Product Change
We are pleased to introduce a new discount for Pafco private passenger policyholders:
- Private Parking Discount -10%
This discount is available for all private passenger vehicles with a private space for parking such as a private garage, driveway or carport. The discount will apply to
Collision, Comprehensive, Specified and All Perils coverages. It can also be applied to Underage Occasional Operators.
Private Parking Discount FAQ
What documentation will be required to add this discount?
Verbal confirmation from your insured is acceptable.
Can we add this discount mid-term?
You can add this discount at the time of new business, at renewal date of June 1, 2015 and after, and mid-term only if the policy has gone through a renewal cycle after August 1, 2015. For example, if a policy has not gone through a renewal cycle we can only add it at next renewal, not mid-term.
Would the discount apply on both vehicles if there is only one garage space?
The discount would apply to only the one vehicle that uses the garage. If there is a garage and a private parking space then the discount can apply to both vehicles.
What happens if the vehicle is parked on the street one night and the car is vandalized?
One-time incidents would not affect the coverage.