Motor Commercial

  1. Motor Commercial (Own Goods Only)
  • This policy covers motor vehicles other than private cars described above, used for carriage of own goods, social domestic and pleasure purposes and for the insured’s business.
  • Transportation of passengers is not permitted unless the policy is extended by incorporating the cover endorsement, and even then only if the vehicle is designed and/or is licensed to carry passengers.

Types of cover

  • Third party only;

Covers liability to third party on injury or damage to third party property arising in connection with the use of he motor vehicle

  • Third party fire and theft

Covers liability to third party on injury or damage to third party property arising in connection with the use of the motor vehicle. It also covers loss or damage to the motor vehicle caused by fire or theft.

The policy covers liability to third party with respect to injury or damage to third party property arising in connection with the use of the motor vehicle. It also indemnify against any accidental loss or damage to the motor subject to specified exclusions.

 

For Comprehensive policies there are various limits which generally forms part of the policy

 Limits:

  1. Towing Charges
  2. Third Party Property Damage
  3. Windscreen & Window glass Limit Replacement as actual cost
  4. Passenger Liability in cab
  5. Third Party Persons Injury Unlimited
  6. Medical Expenses in cab
  7. Audio/video/communication System. Replacement as actual cost
  8. Repair Authority

 Options to include at additional premium:

  1. Waiver of excess
  2. Replacement vehicle-Loss of use up to 25 days due to Accident
  3. Material Damage cover in other countries
  4. Political violence & Terrorism

 Other EXTENSIons Can be negotiated

Agreed value (Insurance value remains valid for a year in event of Total Loss.)

Passenger Liability (Excluding Family or Employees)

Use by a Motor Trader/Garage during service

Company vehicles for Private Use

Custody of Sub-Contractor

Injury to Employees

Motor Contingent Liability

Riot, Strike & Civil Commotion

Earthquake & Flood

Act of Negligence by passengers

Policy had certain conditions:

Premium Payment Warranty

Limitation of Use Own & Associate’s Goods

Cancellation Notice

Average /Market value clause

Other Insurances

Anti-Theft device condition

Unobtainable Parts

Roadworthy condition

Damage Tyres & Painting unless due an accident

Arbitration condition

Jurisdiction

Non-Standard accessories unless declared

Carrying capacity condition

Duty & VAT Clause

Policy had certain EXCLUSIONS

– War, Rebellion Foreign enemy

– Loss due to Nuclear / Radiation / Radio Activity

-Any other Consequential Loss

 Un-roadworthy condition

– Depreciation, wears & Tear, mechanical or electrical breakdown or failures

– Damage to Tyres unless vehicle is damaged at the same time

– Care of the Vehicle

– Use outside Geographical area

– Being used contrary to limitations of use

– Un-Authorised drivers

 In event of a claim EXCESS will apply & needs attention             :

  1. Own damage
  2. Theft with Anti-Theft device

– Without anti-theft device

  1. New or Inexperienced Driver   additional to normal excess
  2. Third Party Property damage Excess   additional to normal excess
  3. Third Party Personal Injury Excess NIL
  4. Theft Excess on R/Cassette NIL
  5. Audio/video/communication System   NIL
  6. No Blame No Excess NIL

Download Motor – Commercial Vehicles Insurance Proposal

download Download MOTOR ACCIDENT CLAIM FORM