The range of commercial vehicles insured (and the associated risks) vary widely.
See the descriptions below for the types of vehicles and covers that are available for each.
This covers all the carrying own goods (comprehensive), third party fire and theft, general cartage, and third party only.
In the insurance world the term motor cycle includes any kind of cycle propelled mechanically and includes mopeds, there are a wide range of risks as in motor vehicles.
Standard cover
The standard of comprehensive motor cycle policy is much the same as that of the private motor policy, therefore we need only to identify the main difference between the motor cycle policy and private policy. And this can be explained in the following exceptions as below:
No cover provided for the theft of accessories or spare parts unless the motor cycle itself is stolen at the same time.
There is no personal accidents benefits, medical expenses or personal effects cover.
The liability section general indemnifies the insured or his personal representatives in the event of the insured death, if others are permitted to drive the motor cycle then would also be indemnified as would users of motor cycle for social and pleasure purpose.
This covers all the comprehensive package and third party premium package for all the public taxis, private hire, tour operators, and buses- daladala within city, buses- up country, buses- private, and buses for schools.
The only difference for the comprehensive coverage for this with the private vehicles is that the motor parts attached or detached the claim will be adhered too in the private vehicles, but for the commercial vehicles you’re paid only when the parts were stolen while attached to the vehicle.
This covers all the carrying own goods (comprehensive), third party fire and theft, general cartage, and the third party only.
It covers any loss of damage to the vehicle and its spare parts and accessories while they are on the vehicle, in contrast to private vehicle there is no cover for spare parts and accessories while they are detached from the vehicle.
Loading and unloading, cover in respect to third party liability also applies to accident occurring during loading and unloading the vehicle. In case of the driver or attendant this extend beyond the boundaries of the carriage way.
Indemnity to driver, generally anyone may drive the vehicle on the order or with the permission of the insured.
Indemnity to user, the insured may allow someone to use the vehicle for social domestic and pleasure purpose , though they may not be necessarily actually driving.
Indemnity to passengers, this cover liability to passengers for their negligent acts.
Legal costs, insurance provide cover for certain legal costs.
The risks associated with motor vehicles include:
Loss of part or the whole vehicle due to fire, theft or damage.
Damage to third party property.
Injury to the third party.
Death/disability to third party.
Medical expenses.
Loss of income following an accident (loss of use).
Legal costs to defend a claim
Requirements For Obtaining Insurance
(For Third Party, Third Party Fire and Theft and Comprehensive)
Vehicle registration card – that will provide most of the general info needed like:
Name of insured
Address of insured
Type and details of vehicle the vehicle
Value of the vehicle – for Comprehensive and TPFT covers
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No liability for loss/damage caused,
Outside the geographical area.
Vehicle is used by unauthorized driver.
Losses due to war and allied perils.
Radioactive contamination and explosive nuclear assembly
Riot and civil commotion
Sonic bangs (that is pressure waves from sonic/supersonic aircraft or other aerial device)
Pollution and contamination unless arising from a single identifiable event.
