The main types of policies offered are:
Comprehensive: Subject to the specified limits, this policy, which has the widest scope of coverage, indemnifies the insured for:
Own Damage, i.e. loss of or damage to the insured′s vehicle resulting from: - Accident or accidental collision. - Overturning due to mechanical breakdown or due to wear and tear. - Fire including self-ignition- - External explosion. - Lightning and/or thunderbolt. - Burglary or theft. - Malicious act of any third party. - If the vehicle is being transported by rail, inland waterways, etc.
Third Party Liability: - This policy also covers Third Party Liability in case the insured is involved in an accident caused by or arising from the use of the motor vehicle, which results in: - Death of, or bodily injury to any person including the passengers of the vehicle, but excluding the insured or the driver and their families, as well as any employees working for the insured. - Damage to the third party property.
Third Party Liability only
This policy, as its name indicates, covers third party liability only. It does not therefore cover any damage to the insured vehicle itself but is restricted to compensate the insured, up to the specified limits, if he or she becomes legally liable to pay compensation as a result of a motor accident which results in:
- Death of, or bodily injury to any person, including the passengers of the vehicle, but excluding the insured or the driver and their families, as well as any employees working for the insured.
- Damage to the third party property.
Motor Personal Accident Insurance
We also offer personal accident as an extension to the Comprehensive and Third Party Liability policies. This insurance involves the payment of a lump sum amount money as a result of a fatal motor accident that might occur to the insured, the driver and/or their direct families, as well as to any employees working for the insured.