Policy Summary
Motor Private Insurance safeguards the insured person or entity against financial loss arising from loss or damage to private motor vehicles including accessories whilst thereon, and also provides indemnity for legal liability for injury caused to third party persons or for loss or damage to third party property. Motor private vehicles are vehicles used for social and pleasure purposes including use with respect to insured’s business.
Client profile
This policy is suitable for:
- Persons who own personal cars
- Companies with fleets of private cars used in their business
- Institutions that provide private cars to their staff for business use, pleasure and social purposes
Types of Covers under this policy
There are three types of covers available under this class on insurance namely:
i Comprehensive
This constitutes the most extensive coverage offered and the scope covered includes:
- Loss or damage to the insured motor vehicle arising from accidental collision, overturning, fire, external explosion, self-ignition, lightning, burglary or theft and malicious damage.
- Death and/or bodily injury to any persons with the exception of the employees of insured and members of his/her nuclear family.
- Damage to Third Party property arising out of the use of insured motor vehicle
Cover may be extended to include riot, strike, civil commotion, terrorism and political violence.
ii Third Party, Fire and Theft
This incorporates the cover described in (i) above except cover for damage to insured’s motor vehicle arising out of accidental collision and/or overturning,
iii Third Party Only
This constitutes the minimum coverage offered and the scope covered includes:
- Death and/or bodily injury to any persons with the exception of the employees of insured and members of his/her nuclear family.
