Liability Only policies:
The policy covers the vehicle owner’s legal liability to pay compensation for:
- Death or bodily injury to a third party person.
- Damage to third party property.
Package Policy
In addition to the coverage under liability only, this policy covers loss or damage to the insured vehicle and its accessories due to:
- Fire, explosion, self-ignition or lightning.
- Burglary, housebreaking or theft.
- Riot and Strike & Civil Commotion (Add on cover)
- Malicious Act.
- Earthquake (Fire and Shock) Damage. (Add on cover)
- Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone and Hailstorm. (Add on cover)
- Accidental external means.
- Whilst in transit by road, inland waterway, lift, elevator or air.
A restricted cover is also available covering the risk of Fire and/or Theft, in addition to the compulsory cover granted under “Liability Only Policy”.
The important exclusions under the policies are:
- Wear and tear, breakdowns
- Consequential loss
- Loss when driving with invalid driving license or under the influence of alcohol.
- Loss due to war, civil war, etc.
- Claims arising out of contractual liability.
- Use of vehicle otherwise than in accordance with `limitations as to use ‘ (e.g. private car being used as a taxi)
Who can take the policy?
Any vehicle owner whose vehicle is registered in his/her name with the Licensing Office.