|
|
|
| |
|
|
|
|
|
|
|
|
|
Goods Carrying
Vehicle Policy |
|
|
|
|
|
|
|
| |
This insurance policy can be used to insure any motorised vehicle that carries
goods (the insured owner's own or for hire) including three-wheeled motorised
rickshaws and motorised pedal cycle rickshaws.
|
|
|
Risk Covered
Compensation Offered
Exclusions
|
|
|
|
|
| |
Risk
Covered |
|
|
|
|
|
|
|
| |
This insurance policy provides compensation to the insured party based on
|
|
|
Own Damage |
|
| |
 |
Actual amount for repairs/ replacement subject to depreciation and sum insured.
|
|
| |
|
Garage and towing charges limited to Rs.1,000/-
|
|
| |
|
Market value or sum insured, whichever is lower in case of a certifiable total
loss.
|
|
| |
Act liability
|
|
| |
|
Unlimited liability towards death or bodily injury
towards third party.
|
|
| |
|
Liability towards non-fare paying passengers
|
|
|
|
Liability towards the paid driver as per the Workmen's
Compensation Act.
|
|
|
|
Liability towards third party property damage limited to Rs.6,000/-
|
|
|
|
Costs and expenses incurred with express content.
|
|
|
|
Liability of the paid driver is also covered as long and if he observes all
conditions as the insured owner/ financier himself.
|
|
|
In case of death of the insured/ any person entitled to indemnity for an
incurred liability, his personal representative will receive indemnity as in
the case of the insured, if he observes all the conditions as the insured
himself.
|
|
|
|
|
| |
Compensation
Offered |
|
|
|
|
|
|
|
|
This insurance policy provides compensation to the insured party based on
|
|
|
Own Damage |
|
| |
|
Actual amount for repairs/ replacement subject to depreciation and sum insured
|
|
| |
|
Garage and towing charges limited to Rs.1,000/-
|
|
|
|
Market value or sum insured, whichever is lower in case of a certifiable total
loss
|
|
|
Act Liability
|
|
| |
|
Unlimited liability towards death or bodily injury
towards third party.
|
|
| |
|
Liability towards non-fare paying passengers
|
|
|
|
Liability towards the paid driver as per the Workmen's
Compensation Act.
|
|
|
|
Liability towards third party property damage limited to Rs.6,000/-
|
|
|
|
Costs and expenses incurred with express content.
|
|
|
|
Liability of the paid driver is also covered as long and if he observes all
conditions as the insured owner/ financier himself.
|
|
|
In case of death of the insured/ any person entitled to indemnity for an
incurred liability, his personal representative will receive indemnity as in
the case of the insured, if he observes all the conditions as the insured
himself.
|
|
|
Exclusions |
|
|
This insurance policy will never pay any
claims arising from
|
|
|
|
Compulsory excesses specified by the policy
|
|
|
|
Consequential loss, depreciation, regular wear and tear, mechanical or
electrical breakdown
|
|
|
|
War or nuclear perils
|
|
|
|
Vehicle being used outside the geographical limit of operation or is being
driven by a person other than the authorized driver
|
|
|
|
Drunken driving or contractual liability
|
|
|
|
Damages to tyres unless vehicle is also damaged and liability is limited to 50
percent of the cost of replacement
|
|
|
|
Damage to lamps, mudguards, bonnet, bumpers or paint unless the vehicle is
damaged at the same time
|
|
|
|
|