Motor Vehicle Insurance

Basic Coverage

Comprehensive
Comprehensive Policy covers the loss of or damage to the motor vehicle by:

1. Hull Damage
   Comprehensive Policy covers total or partial loss of or damage to the motor vehicle due to the risks stated above.
2. Third Party Liability
   Indemnity against the financial consequences of his liability at law for all damages caused by or in connection with the motor vehicle belonging to third parties.

Total Loss Only (TLO)
Only covers:

1. Loss or damage, of which repair cost be equal or more than 75% of the actual value of the Motor Vehicle or
2. Loss by theft and not found within 60 (sixty) days.

Extended Coverage

1. Personal Accident for Passengers
   Insurance protection for the Passenger of the car (death and disablement due to traffic accidents only).
2. Personal Accident for Driver
   Insurance protection for the Driver of the car (death and disablement due to traffic accidents only).
3. Strike, Riot, Civil Commotion, Terrorism and Sabotage (S.R.C.C.T.S)

1. Loss of or damage to non-standard equipment not stated in the Policy schedule.
2. Embezzlement
3. Loss or damage due to malicious actions committed by:
   • The Insured or his/her child or spouse
   • Any Person acting on behalf of the Insured
   • Any Person working for the Insured
   • Any Person within the knowledge of the Insured
   • Any Person living with the Insured
4. Loss or damage as a consequence of:
   • Towing or pushing another motor vehicle, racing purposes, tuition in driving, carnival or parade, or to commit a crime
   • Overloading or driven by force
   • Driving in a damaged or technically unsafe condition
   • Being driven by a person not holding a valid driving license (S.I.M) or under the influence of alcohol or any other drugs
   • A nuclear reaction or radiation
5. Loss or damage directly or indirectly caused by natural disaster or war
6. Loss or damage to any part or material of the Motor Vehicle due to wear and tear, or any inherent vice of that part
7. Other exclusions as defined in the insurance policy