Policy Summary
This policy provides comprehensive insurance to compensate the insured person or entity (individuals or businesses) against financial loss arising from accidental loss or damage to motor vehicles including accessories thereon, whilst hired out for self-drive. Also provides protection against legal liability for injury caused by the insured motor vehicle to third party persons or for loss or damage to third party property.
Client profile
This policy is suitable for:
- Individuals who hire out their vehicles without drivers
- Transport companies or car hire firms involved in hiring out vehicles.
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
