The insurance for motor vehicles (Private Motor/Commercial Vehicles – Pick Ups, Buses) is compulsory by virtue of the Motor Vehicles (Third-party Insurance) Act 1945.
Summary of Cover
The insurance for motor vehicles (Private Motor/Commercial Vehicles – Pick Ups, Buses) is compulsory by virtue of the Motor Vehicles (Third party Insurance) Act 1945.
- COMPREHENSIVE: – provides the widest scope of coverage for damage to insured vehicles whether resulting from accidents, fire and/or theft of the insured vehicles, in addition to any legal liability incurred as a result of damage to third party property, bodily injury and/or death. The comprehensive cover could be extended to cover riot & strike, civil commotion, flood and typhoon damage.
- THIRD PARTY ONLY covers legal liability to third parties including death, bodily injury or property damage resulting from the use of the motor vehicle.
- Third Party Fire & Theft : In addition to the basic third party exposure coverage, the insurance will provide financial compensation in the event of loss/damage caused by fire and theft incidents to the vehicle.
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