Policy Summary
This policy safeguards the insured (individual or business) against financial loss arising from accidental loss and/or damage to motor vehicles including accessories thereon, whilst carrying fare paying single passenger or small group of passengers for a shared ride and Chauffeur-driven, for hire and 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:
- Individuals or firms that operate taxis, UBER and other taxi-hailing cab companies.
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
