Liability restricted to the liability described in (ii) above and not the insured's vehicle, the policy can be extended to cover the following perils on payment of additional premium: Flood, Earthquake, Strike, Riot Damage, etc.
Comprehensive - includes any loss or damage to the vehicle by: -
Accidental external means
Fire, external explosion, self-ignition, lightning, burglary, housebreaking, or theft.
Whilst in transit by road, rail, inland waterway, lift or elevator, and;
The insured's liabilities to the third party both in respect of bodily injury and properties of the third party.
The only thing certain in life is uncertainty. The future is full of uncertainties and one can never be certain of what the future holds for us. Even with enough precautions and preventions, accidents and financial loss cannot be omitted at times that can result in life-changing misfortune to oneself and others. As of a recent tragic incident, an earthquake shook the nation where many lives were lost and the financial burden came upon the innocent people. With the growth of infrastructure and development, the risks have also increased at an alarming rate.
Taking into consideration, the ever adding number of vehicles in the congested roads of our country, the chances of accidents and damage to one’s vehicle is almost inevitable and beyond the control of oneself. Each day uncountable accidents occur around the nation causing loss of lives and huge financial loss.
If you are interested in Vehicle Insurance and wants to know more in detail, please feel free to submit following information.