Motor Trade Internal Risk Policy

MOTOR TRADE INTERNAL RISKS
This is in respect of the accidental loss or damage occurring during the policy period of insurance.

Additional Covers
Open Air Parks Area
In consideration of payment of additional premium ,this policy shall cover premises of car park area and superficial area not exceeding to a specified limit.

What's Covered
The company will indemnify the insured against all sums including claimant's costs and expenses which the insured shall become legally liable to pay in respect of
A) Accidental death or bodily injury to any person other than a person in the insured's service or a member of the insured family or household.
B) Damage to any insured vehicle (including its accessories whist thereon) held in trust by or in the custody or control of the insured.
C) The property of insured or held in trust or in the custody of or control of the insured.

What's Not Covered
Any loss/damage to the vehicle and/or its accessories will not be covered if caused by any of the following events:
A) For loss of use, depreciation, wear and tear, mechanical or electrical break down, failures or breakage.
B) For damage to tyres by application of breaks or by pictures, cuts or bursts
C) Damage to property caused directly and indirectly by fire or explosion
D) damage to property sustained while it is being worked upon and directly resulting from such work
E) any defective workmanship
F) death injury or damage caused by or through any demolition or of structural alteration or addition to the premises or by or through the installation of any equipment
G) death injury or damage caused by or through or in connection with the use by the insured of power driven cranes elevators lifts or hoists other than car hoists having a lift not exceeding 6 feet or its equivalent
F) any liability which attached by virtue of an agreement but which would not have attached in absence of such agreement
G) death injury or damage caused by or through or in connection with the use by the insured of power driven cranes elevators lifts or hoists other than car hoists having a lift not exceeding 6 feet or its equivalent
H) any liability which attached by virtue of an agreement but which would not have attached in absence of such agreement
I) death injury or damage resulting from the driving elsewhere than in or on the premises of any vehicle by the insured or any person in the service of or acting on behalf of the insured
J) damage to any motor vehicle or its accessories caused by weather conditions
K) (i) any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or consequential loss
(ii) any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purposes of this exception combustion shall include any self sustaining process of nuclear fission.
L) Any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.
M) death injury or damage resulting from the driving elsewhere than in or on the premises of any vehicle by the insured or any person in the service of or acting on behalf of the insured
N) damage to any motor vehicle or its accessories caused by weather conditions
O) (i) any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or consequential loss
(ii) any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purposes of this exception combustion shall include any self -sustaining process of nuclear fission.
P) Any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.
Q) Any accidental loss damage or liability directly or indirectly caused by or contributed by or conducted to by or arising from nuclear weapons material.
Work Away from Premises
In consideration of an additional premium it is hereby understood and agreed that the premises are deemed to include any place at which the insured is performing work not being premises under the control of the insured provided that insurer shall not be liable in respect of injury or damage resulting from the driving of the vehicle insured in a public place in INDIA within the meaning of the Motor Vehicles Act,1988.