Private Car Comprehensive Insurance Policy
The policy can be issued to cover all types of private cars
The Policy covers
All accidents including earthquake, flood, riot, strike and malicious acts.
- Section
I: It covers the legal liability of insured towards third party
personal injury and property damage arising out of an accident
involving the insured vehicle.
- Section II: Undertakes to reimburse the expenses incurred :
- Towards repair/replacement of parts of the vehicle, or
-
To pay the market value of the vehicle in case of a total loss,
provided that the originating cause of such damage is an accident,
including theft.
The Policy does not cover
The liabilities can emanate from numerous sources -
- Shareholders.
- Customers and clients.
- Suppliers.
- Competitors.
- Employees.
- Members of public.
- Government – income tax, excise, etc.
- Regulatory Bodies
- Any accidents outside the geographical area.
- Consequential loss, normal wear and tear.
- Driving without valid licence for that class of vehicle. Driving under the influence of liquor / drugs.
- Vehicle not being used as per the regulations of registration.
You can opt for the following extensions
- Loss of accessories
- Legal liability to the paid driver, cleaner or any workman
- Personal accident to the occupants
- Unlimited Legal liability towards property damage of Third Party
You should know
- For claims free experience, discount available on subsequent renewal. Likewise loading applicable for claims made.
- Discount available if excess is opted for.
- Discount available for membership with approved Automobile Association.
- Depreciation, for the parts needing replacement in the accident is defined.
Note : The rates and terms are governed by All India Motor Tariff. |
