Motor Miscellaneous Vehicles

Miscellaneous Vehicle Insurance Policy covers Vehicles used for special purpose of the insured or used by insured's employees for such purpose and in specific cases for hire or reward, but excluding racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade.

What does this Policy cover?
The Policy covers loss or damage to the vehicle insured arising out of:

Fire, explosion, self ignition, lightning, burglary, theft, riot, strike, malicious act, terrorism, earthquake, flood, typhoon, accidental external means, landslide or rockslide, road/rail/inland waterway/air transit

It also provides cover against Legal Liability to third party personal injury and property damage arising out of an accident involving the vehicle as required under Motor Vehicle Act 1989.

The Policy further provides for compulsory Personal Accident cover for owner driver.

Optional Extensions
Loss of accessories - electric or electronic
Legal liability to paid driver, cleaner or any workman
Personal Accident to the occupants

Other Salient Features
Provision of No Claims bonus for claims free experience.
Discount for opting higher voluntary excess
Discount for approved anti-theft devices installed in the vehicle.
Concession for specially designed/modified vehicle for blind, handicapped and mentally challenged persons
Depreciation, for the parts needing replacement in the accident is defined.
Discount for restricted area of usage

The Policy does not cover the following
Any accidents outside the Geographical Area
Consequential loss, normal wear and tear
Driving without valid licence for the class of vehicle. Driving under the influence of liquor/drugs
Vehicle not being used as per Limitation as to use defined