Policy Summary
This policy safeguards the insured entity or institution against financial loss arising from accidental loss and/or damage to motor vehicles including accessories thereon, whilst being used in connection with their own business and during occasional hire for reward. Also provides protection against legal liability for injury caused by the insured motor vehicle to third party persons including passengers or for loss and/or damage to third party property.
Client profile
This policy is suitable for:
- Organizations particularly learning institutions who use their vehicles for their own business
- Use for occasional hire & reward to third parties
Main Features
It provides cover against:
- 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 third party persons such as pedestrians and passengers in other vehicles. Third party persons exclude any member of the insured’s immediate family or insured’s employees.
- Damage to Third Party property arising out of the use of insured motor vehicle
